Seeking Alpha

LifeLock acquires mobile wallet solutions provider Lemon for $42.6M

  • LifeLock (LOCK) acquires mobile wallet solutions provider Lemon for $42.6M in cash to expand its reach into mobile.
  • The Lemon Wallet app, which allows users to digitally store their credit cards and use them for mobile transactions, has been downloaded more than 3.6M times.
  • In conjunction with the acquisition, LifeLock has launched a new digital identity protection app utilizing Lemon technology called LifeLock Wallet on iOS and Android. The offering is free and offers the features of the Lemon Wallet app, with the option to add a LifeLock subscription to receive fraud alerts and insurance.
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