"announced last month that its acquired privately held iFrogz Inc., a mobile device and accessories company, for $105 million."
"According to Pedersen, iFrogz, which is engaged in the designing, manufacturing and distribution of protective cases, headphones and earbuds, is highly complementary to the company in terms of brand positioning, product lines and customer base."
Zagg released its first-quarter financial results in May. The company reported record revenue of $27 million for the first quarter of 2011, representing an increase of 207% on a year-over-year basis. The company’s adjusted EBITDA for the first quarter was $5.4 million. It posted net income of $3.3 million for the first quarter, representing an increase of 312% on a year-over-year basis.