Highlight 5 May 2014

Krogerus advises sellers on Facebook’s acquisition of fitness application developer ProtoGeo

Krogerus advised the sellers on Facebook’s acquisition of Finland-based ProtoGeo Oy. The transaction value is undisclosed.

ProtoGeo is a software company founded in 2012 that sells an application called Moves. The application passively tracks a user’s daily activity with a phone’s built-in accelerometer in order to provide all-day tracking without decreasing the phone’s battery.

The Krogerus team, led by managing partner Juha Pekka Katainen, included counsel Jan Johanson, senior associate Carola Möller and associate Joakim Jansson.

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