Care.com, Inc. acquired Trusted Labs, Inc. from Compound and others for $5.9 million.
July 29, 2018
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Care.com, Inc. (NYSE:CRCM) acquired Trusted Labs, Inc. from Compound and others for $5.9 million on July 12, 2018. The purchase price is consisting of an up- front payment of $4.6 million, earn- out payments of up to $1.0 million in aggregate to be earned consecutively over three- quarters following the closing, and payments of $0.3 million to settle liabilities. Care.com, Inc. will also pay up to $2.2 million in retention payments.
Care.com, Inc. (NYSE:CRCM) completed the acquisition of Trusted Labs, Inc. from Compound and others on July 12, 2018.
Care.com, Inc. is an online marketplace for finding and managing family care. The Company has over 31.7 million members, including 18.3 million families and over 13.4 million caregivers, spanning 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to certain of its products and services to employer-sponsored families. In addition, it serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to its care-seeking families and recruit its caregiver members.
CARE.COM, INC. 