Your Tech Story

software applications

Life360

Life360 – A Family Networking App That Received Funding From Both Google And Facebook.

Life360 is a social family networking app that was initially released in the market in 2008. Chris Hulls is the founder of the company and it’s currently based in San Francisco, US. Life360 is a publicly-traded information technology company that is operated by consumers across the world except in China. The application offers location-based services, alarming with notifications, sharing location, etc. The idea behind Life360 was to design software that would virtually keep a family together and safe. The Life360 app is available for both Android and iOS users.

About Life360 app

The Life360 app has got several features to always get a real-time update on your friends and family members. There are alerts when your family is entering or leaving any specific places or even when they are driving or just walking. One will also receive a notification after the completion of every drive and get to know if they are running low on battery. One of the features called the Driver Protect offers crash detection, roadside assistance, and updated weekly driver reports. The app is designed in a way that it can automatically detect an accident and dispatches emergency services if needed. This feature can also connect the drivers to trained advisors that can assist during minor accidents.

There are two other important features offered by Life360, namely, Check-In and Help Alert. It is a bit worrisome for parents to let their kids or senior citizens travel alone. So, the Check-In feature helps in getting quick updates for when they are traveling, leaving a place, or arriving. The Help Alert button sends an alert to all the emergency contacts and in the Life360 circle with a click of a single button. It also shows the other users when that button was pressed.

Life360
Image source: www.techjunkie.com

Initial Days

Chris Hulls had the idea for Life360 when he was an undergrad student. The initial prototype was launched in the Android marketplace in 2008. Chris received initial funding for Life360 from both Facebook and Google. Life360 participated and won Google’s Android Developer Challenge in 2008 and received $275,000 as of the grant money. This was a huge amount and got the company started in the early stage. After the company started growing it received the funds of $5.5 million, $17 million, and $50 million in Series A, Series B, and Series C funding respectively.

In 2013, Life360 entered into a partnership with BMW such that the location services of the company would be integrated into the navigation system of BMW cars. In this same year, the company also crossed more than 34 million, outrunning Foursquare. By the end of 2013, Life360 had over 40 million registered users. Another reason that Life360 witnessed a growth in the number of users was Google decided to discontinue its platform, Google Latitude in August 2013. Eventually, the company also added more languages to the app other than English and added international SMS.

Recent Events

With every year, the company kept on adding more and more features to the app making it helpful in every way. In 2016, Life360 launched the feature of automatic car crash detection and contacting the people on the emergency list. Life360 started a joint venture with ADT Go and the news was announced by ADT at the CES 2018. ADT has a very expansive security infrastructure to connect and protect its customers outside the home.

Life360 became a public company in 2019 as it was listed in the Australian Securities Exchange and the fund raised was invested to expand globally and partner with various insurance companies. Life360 has recently acquired two new companies. They are a guide app called ZenScreen and an American electronics company, Tile.

Chris Hulls – Founder of Life360

Chris Hulls is a travel enthusiast and a tech entrepreneur. He served in the military after passing high school and was deployed to the Middle East. As an undergrad student at the University of California Berkely, he got an internship with Goldman Sachs. He always wanted to go to the South Pole but in a medical test, he got to know that he has a tumor and life took a different turn.

OpenText Corporation

OpenText Corporation – A Software Company That Was Once The Largest In Canada.

OpenText is a company based in Waterloo, Ontario, Canada. The founders of the company are Tim Bray, Gaston Gonnet, and Frank Tompa. This Canadian company was established in 1991 and it specializes in developing and selling enterprise information management (EIM) software. OpenText Corporation achieved success rapidly and expanded over time making it the largest software company in Canada in 2014. In 2016, the company was also recognized by Mediacorp Canada Inc as one of the top 100 Canadian employers.

About OpenText

There are various kinds of software applications that are developed by OpenText Corporation. This software helps large enterprises to manage and structure a large amount of unstructured data and helps in proper management. Apart from large enterprises, the software of OpenText is also used in many government agencies and professional service firms. OpenText also develops applications for mobile and online experience management.

Some of the main products of the company include Enterprise content management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Information Exchange, cybersecurity software, and many more. OpenText has more than 14,000 employees spread worldwide working to solve digital business challenges.

OpenText Corporation
Image source: www.cmscritic.com

The Early Phase Of OpenText Corporation

OpenText Corporation started off as a university project when the University of Waterloo and Oxford University partnered for this new journey. Both the universities joined hands to build the first online Oxford English dictionary. After the project showed positive results, OpenText Systems Inc was incorporated in 1989. But, eventually, the founders spun off the product from the University of Waterloo and OpenText Corporation was established in 1991. And, the company began shipping the product in September of the same year.

As the first online-based product of OpenText hit the market, it helped Yahoo! To search every word from every web page. An innovative product like this gained much popularity in the market and OpenText eventually became popular in the software industry. In 1994, Tom Jenkins joined OpenText as COO and was later made the President and CEO of the company. In 1996, the company held its first IPO and it got listed in NASDAQ under the name OTEX. Earlier in the next decade, OpenText crossed 1,000 employees and made $147 million as its annual revenue. By this time, OpenText also established 31 offices both in Canada and overseas.

Expansion And Acquisitions

As the demand for the products of OpenText increased, Gartner named the company as the global leader of ECM for the first time ever. It still holds the position as one of the leading companies which specialize in ECM. In 2014, the company decided to expand its market by adding B2B integration services and cloud-based fax services. OpenText achieved both of these when it acquired GXS for $1.06 billion. The company also became a market leader in content services when it acquired Dell EMC’s Enterprise Content Division including Documentum. The deal was closed for $1.62 billion in 2017.

The series of acquisitions continued for OpenText and so was expanding into new sectors every year. In 2019, OpenText acquired a company called Carbonite to enter the cybersecurity sector. Acquiring this company ensured cyber resiliency for customers along with an end-to-end platform offering data protection, digital forensics, etc. This deal was closed successfully for $1.45 billion. The acquisitions made by the company are made strategically to enter new markets and eventually become global leaders in those sectors. But, OpenText is yet to become one of the best companies in the cybersecurity sector. Last year, the company crossed the $3 billion mark of annual revenue.

About The Founders

Tim Bray apart from being a software developer is also an environmentalist and political activist. He studied mathematics and computer science for his bachelor’s degree. In 1987, Tim joined the Oxford English Dictionary project at the University of Waterloo, and before that he had working experience at Digital Equipment Corporation and Microtel Pacific Research.

Gaston Gonnet is a well-known computer scientist and entrepreneur. He became famous for his contributions to Maple Computer Algebra System. Gaston completed his education at the University of Waterloo. Apart from founding OpenText Corporation, he also co-founded Symbolic Computation Group.

Frank Tompa graduated from Brown University followed by the University of Toronto. He served as a faculty member at the University of Waterloo for some time. Frank is famous for co-founding OpenText and he was also awarded Queen Elizabeth II, Diamond Jubilee Medal, for his services to the country.