Relx buys ID Analytics for $375m
Written by Hannah McGrath
Relx, the FTSE 100 data and information services giant has signed a $375 million deal to buy US fraud detection company ID Analytics.
A statement said Relx’s LexisNexis Risk Solutions divsiion had agreed to acquire the San Diego-based enterprise analytics firm to expand its ability to deliver risk insights through the combination of proprietary data, patented analytics, and near real-time cross-industry consumer and identity behavior.
ID Analytics provides services to more than 450 companies in the US and support them to make risk-based decisions to improve customer experiences, enhance revenue, reduce fraud and drive cost savings.
As part of the transaction, NortonLifeLock customers will continue to benefit from alerts powered by ID Analytics and the company’s strong ongoing data partnership with LexisNexis® Risk Solutions.
Rick Trainor, chief executive of LexisNexis Risk Solutions, said, “ID Analytics is widely recognized in the fraud and identity and credit risk space for its differentiated contributory data assets and advanced analytics capabilities.
He added:“Combined with our strengths of verifying and authenticating physical and digital identities, our customers will benefit from an even more comprehensive approach to detecting and preventing fraud and managing risk.”