Foursquare and Factual have recently announced their merger. Although both the parties did not disclose any terms, reportedly, the combined revenue would be around $150 million. It is lower than they had expected, and the majority of the amount is of Foursquares.
Foursquare CEO David Shim will lead as the combined CEO, and over 400 Factual employees will now function under the new Foursquare, though there could be a small reduction in the workforce to put an end to redundancy. It is expected that the company will lead the market for the location intelligence segment.