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Near Acquires French Location Intelligence Platform Teemo
Friday 20 November 2020

Singapore-based Near, a provider of intelligence on people and places, is acquiring Paris-based location intelligence platform Teemo, the company said.

The acquisition of Teemo will enable Near to offer more advanced data intelligence products, including audience curation and data-driven marketing capabilities, to customers in the European market.

The move will also help Near firmly establish its position to service global companies headquartered out of Paris.

Near said the acquisition reiterates its stance on privacy led-design as Teemo is the first company officially declared GDPR-compliant by the French Data Protection officer.

The CEO of Teemo, Benoit Grouchko, will join Near's executive team as its chief privacy officer.

Joining forces will enable Near and Teemo to leverage their combined insights into real-world consumer behavior to provide brands around the world the intelligence they need to accelerate their digital transformation initiatives.

Near is the world's largest source of intelligence on people and places, processing data from over 1.6bn monthly users across 44 countries.

The Near Platform powers data-driven marketing and enrichment offerings through a suite of SaaS products.

The users of the platform can leverage audience, spatial, retail, among other data in a privacy-led environment.

Founded in 2012, Near is headquartered in Singapore with offices in San Francisco, New York, London, Bangalore, Tokyo, and Sydney. Today, marquee brands such as News Corp and Mastercard work with Near to provide enhanced customer experiences.

Near is backed by investors including Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments, Telstra Ventures, and Greater Pacific Capital.

Teemo was co-founded in 2014 in Paris. Teemo is a leading location intelligence platform generating store traffic. Teemo generates outstanding performance by combining location data, algorithms and engaging creatives, in a privacy-friendly environment.
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Date Published: 20/11/2020

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