Foley & Lardner LLP represented Chicago-based technology start-up Jio, Inc. (“Jiobit”) in its recent merger into Life360, a technology company and global leader in family location and safety services.
Jiobit, a provider of hardware-enabled location tracking solutions, will play a critical role in the continued growth of Life360, which is based in San Francisco and plans to leverage this acquisition to grow its foothold in Chicago. Founded in 2015, Jiobit is one of the leading location-sharing platforms for families, with significant technology and expertise in battery-saving location-aware devices. Jiobit will continue to operate under its own brand and will be led by CEO and co-founder John Renaldi.
Foley & Lardner has represented Jiobit since 2016 and served as its outside corporate counsel in addition to advising on the merger transaction.
“Jiobit is a great example of how Foley can scale with its early-stage company clients, helping them with fundraising and basic corporate blocking and tackling in the early days through a sophisticated transaction at exit,” said Foley partner (and long-time Jiobit relationship partner) Lisa Conmy.
In addition to Conmy, the Foley M&A team was led by partner Chris Rasmussen and included tax partner Tim Voigtman, senior counsel Trevor Currie and associate Zoe Uvin.