Infillion acquires location data company Foursquare
Summary
Infillion has announced its acquisition of location data company Foursquare, as confirmed by founder Rob Emrich. This move expands Infillion's capabilities within the ad tech sector, allowing the company to enter the data sales business while still maintaining Foursquare as an independent brand. With this acquisition, Infillion expects an increase in revenue and headcount by approximately 20% to 25%. Foursquare, which has a significant database including over 100 million points of interest, has previously raised about $412 million in financing and operates a strong data sales business. This integration is part of Infillion's broader strategy to consolidate its advertising platform through acquisitions, aiming for more efficient targeting and measurement of ad performance.