Appen Limited Acquires Quadrant to Expand Mobile Location and POI Data Offering

August 26, 2021

Appen Limited has signed a definitive agreement to acquire 100% of Quadrant, a provider of mobile location, point-of-interest (POI) data, and compliance services. The deal includes an upfront cash payment of US$25 million and up to US$20 million in Appen shares contingent on revenue milestones, and is intended to expand Appen's addressable market and capabilities in location-based data.

Buyers
Appen Limited
Targets
Quadrant
Industry
Data & Analytics
Location
Singapore
Transaction Type
Buyout

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