Quick Take
Pareteum (TEUM) announced it has acquired Devicescape for an undisclosed amount.
Devicescape has developed software that allows its customers to trigger location-specific engagement on mobile phones.
With the deal, TEUM expands its solution offerings to include complementary capabilities for IoT and other applications at with service providers and end users.
Target Company
San Francisco, California-based Devicescape, previously known as Instant802 Networks, was founded in 2001 and has developed a Curated Virtual Network [CVN] that triggers engagement, such as in-application advertising, reminders, or coupons, when mobile devices enter certain areas.
Devicescape’s patented