Telecommunications & Media
Stage Five acquires Loflat to combine location technology with telecom services
Stage Five has acquired AI location data specialist Loflat and will move to develop new businesses. The company said on Sept. 2 it secured Loflat’s shares through a comprehensive share swap and will make it a subsidiary. Loflat will maintain its existing business structure after the acquisition. Stage Five plans to apply Loflat’s location technology to its telecom services, including its budget phone brand Pindirect, to improve service quality and develop new services.
