Life360 Recognized by Financial Times as One of The Americas’ Fastest Growing Companies in 2020
April 09 2020 - 6:40PM
Business Wire
Leader in family safety and coordination ranks
36th in technology category
Life360, Inc. (ASX:360), the leading safety and coordination
service for families across the globe, today announced that it has
been recognized in Financial Times’ (FT’s) inaugural list of The
Americas’ Fastest Growing Companies 2020. The company ranked 36th
in the technology category and 125th overall on the list of the 500
fastest-growing companies.
“Being recognized by Financial Times is an honor and it reflects
the tireless work our team has put into becoming an invaluable part
of daily life for families,” said Chris Hulls, CEO of Life360. “We
will maintain our momentum and continue to strive for achieving our
larger vision of redefining how safety is delivered to families
around the world.”
The Americas’ Fastest Growing Companies list comprises the
enterprises that contribute most heavily to economic growth in
North America, Central America, and South America; 500 firms were
selected for this first annual ranking. The 500 companies received
this recognition based on their Compound Annual Growth Rate (CAGR),
which was calculated using revenue information the companies shared
with Statista’s research team.
“The inaugural FT Americas ranking comes at a perilous and
uncertain time for many companies, as the coronavirus severely
curtails economies, workforces and ultimately growth,” said Maxine
Kelly, Commissioning Editor at Financial Times. “Yet the ranking
also highlights 500 businesses across the continent for whom
innovation and creativity have paid off — attributes that will
underpin resilience and enable many of them to thrive once the
worst effects of the pandemic are behind them.”
The full report featuring case studies and analysis from this
year’s ranking will be published in Financial Times print and
online on May 12.
About Life360
Life360 operates a platform for today’s busy families, bringing
them closer together by helping them better know, communicate with
and protect the people they care about most. The company’s core
offering, the Life360 mobile app, is a market leading app for
families, with features that range from communications to driving
safety and location sharing. Life360 is based in San Francisco and
has more than 27 million MAU located in more than 140
countries.
Life360’s CDIs are issued in reliance on the exemption from
registration contained in Regulation S of the US Securities Act of
1933 (Securities Act) for offers of securities which are made
outside the US. Accordingly, the CDIs, have not been, and will not
be, registered under the Securities Act or the laws of any state or
other jurisdiction in the US. As a result of relying on the
Regulation S exemption, the CDIs are ‘restricted securities’ under
Rule 144 of the Securities Act. This means that you are unable to
sell the CDIs into the US or to a US person who is not a QIB for
the foreseeable future except in very limited circumstances until
after the end of the restricted period, unless the re-sale of the
CDIs is registered under the Securities Act or an exemption is
available. To enforce the above transfer restrictions, all CDIs
issued bear a FOR Financial Product designation on the ASX. This
designation restricts any CDIs from being sold on ASX to US persons
excluding QIBs. However, you are still able to freely transfer your
CDIs on ASX to any person other than a US person who is not a QIB.
In addition, hedging transactions with regard to the CDIs may only
be conducted in accordance with the Securities Act.
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Kira Cooper life360@thekeypr.com 415-299-1145
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