LifeLock Acquires Lemon for Approximately $42.6M in Cash

LifeLock

today announced the acquisition of mobile wallet innovator Lemon for approximately $42.6 million in cash. In addition, in connection with the transaction, LifeLock has agreed to issue equity customary for a transaction of this size that will vest over the next three years. In conjunction with the acquisition, LifeLock also launched a new app that utilizes Lemon technology to help consumers manage and protect their digital identity. This transaction marks the next step in LifeLock's evolution by adding a comprehensive mobile platform to the company's integrated identity protection services for consumers.