Otonomo Technologies Ltd., the mobility intelligence company, announced that it has entered into a definitive agreement to acquire The Floow, a privately held company headquartered in Sheffield, United Kingdom, in a cash and stock deal valued at approximately $69 million, including a performance based earnout of up to $37.5 million. The post Otonomo to acquire The Floow, a leader in connected insurance technology appeared first on Vehicle Telematics, ADAS, Connected and Autonomous Vehicle.
The Floow is an England-based SaaS platform that offers solutions such as telematics data management and predictive analytics for motor insurance and automotive industries.