Care.com, Inc. acquired acquire Certain Assets of Galore, Inc. for $1.7 million.
July 29, 2018
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Care.com, Inc. (NYSE:CRCM) entered into assets purchase agreement to acquire Certain Assets of Galore, Inc. for $1.7 million on May 31, 2018. The purchase consideration consists of $0.3 million as an up- front payment, and two earn- out payments ranging from $0.3 - $0.5 million in year one and $0.7 - $0.9 million in year 2, based upon certain revenue achievement metrics. The transaction is funded through cash of $5.8 million.
Care.com, Inc. (NYSE:CRCM) completed the acquisition of Certain Assets of Galore, Inc. on July 30, 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. 