Loqate, founded in 2009 and headquartered in San Mateo, California, was recently named the sixth fastest-growing private company in Silicon Valley. Its services allow clients to make more informed use of location information, specifically for Geolocation Information Systems, mapping and Location Based Services. Key applications include data quality management, direct marketing, fraud detection, online payment processing and transaction monitoring. Loqate’s solutions are truly global, covering more than 240 countries around the world – every populated world territory.
Loqate focuses on providing unparalleled levels of customer support and clients include Fortune 1000 corporations who have a requirement to manage location data from multiple countries. Additionally, Loqate has relationships with some of the world’s largest software vendors, including IBM, Oracle, Pitney Bowes and Software AG, enabling them to significantly enhance the functionality and capability of their own product offerings.
The purchase will enable GBG to bring together all the data that sits behind its address and identity verification solutions into one common global platform – making for a seamless integration of registration, on-boarding and identity checking processes. It will also further support GBG’s expansion by allowing access to the North American market through Loqate’s significant partnerships with some of the world’s largest software companies.
GBG and Loqate comments
 The consideration will consist of cash on completion of US$13.4 million with a further maximum US$2.0 million payable contingent on a revenue growth target for the 12 month period ending 31 December 2015.
 The Silicon Valley Business Journal named Loqate the sixth fastest-growing private company in Silicon Valley 21 October 2014.