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Latch, Inc. agrees to acquire HelloTech, Inc. to launch DOOR Services

PUBLIC · LTCHJun 26, 2024

Acquiring Company

Latch

Acquired Company

HelloTech, Inc.

OlivetteSanta MonicaSoftwareReal EstateProperty ManagementInformation Technology

Description

Latch, Inc., soon to be DOOR, has announced its agreement to acquire HelloTech, Inc., a service platform delivering on-demand, last-mile installation, setup, and connected device support. The HelloTech platform, merged with the technology Latch acquired in its 2023 acquisition of Honest Day’s Work (HDW), will serve as the foundation for DOOR Services, which will bring full-service amenities to multifamily buildings by enabling residents to efficiently share and book service providers, such as dog walkers, house cleaners, and tech support.

Quick answer

Latch is acquiring HelloTech, Inc., announced June 26, 2024. Latch is based in Olivette, Missouri, United States.

Who acquired HelloTech, Inc?
Latch agreed to acquire HelloTech, Inc. on June 26, 2024.
How much did Latch pay for HelloTech, Inc?
The deal value was not disclosed.
What does Latch do?
Latch, Inc., soon to be DOOR, is a company focused on enhancing the residential living experience through its DOOR app, which integrates products, services, technology, and community to reduce costs for building owners..
Where are Latch and HelloTech, Inc. based?
Latch is based in Olivette, Missouri, United States. HelloTech, Inc. is based in Santa Monica, California, United States.
Who are the decision-makers at Latch?
Fundz holds 2 contacts at Latch. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Latch

Location

Olivette, Missouri, United States

About

Latch, Inc., soon to be DOOR, is a company focused on enhancing the residential living experience through its DOOR app, which integrates products, services, technology, and community to reduce costs for building owners and deliver the expected living experience for residents. The company's foundation is anchored by the Doorman, an AI assistant that combines technology, unique building data, and timely information for residents and property managers.

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Frequently asked

Who acquired HelloTech, Inc.?

HelloTech, Inc. was acquired by Latch, based in Olivette. The deal was reported on June 26, 2024. Latch is publicly traded (LTCH) and operates in Software.

When did Latch acquire HelloTech, Inc.?

Latch's acquisition of HelloTech, Inc. was reported on June 26, 2024. Latch, Inc., soon to be DOOR, has announced its agreement to acquire HelloTech, Inc., a service platform delivering on-demand, last-mile installation, setup, and connected device support. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does HelloTech, Inc. do?

HelloTech provides nationwide, on-demand, expert tech and IT support, including Computer Repair, WiFi Services, Smart Home Installations, TV Mountings, and more. It is privately held, operating in Information Technology, and is based in Santa Monica.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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