ThreatMetrix, a leader in the security and fraud industry, has successfully been acquired by the LexisNexis Risk Solutions, part of the UK based RELX’s Risk & Business Analytics operations. The deal appeared to be in the works for quite some time as the two companies already had a long standing partnership.
ThreatMetrix, a digital identity platform, was initially founded in 2005 and currently processes 130 million transactions daily across the globe. It’s services include device information, location, anonymized ID information and behavioral analytics to determine that individuals logging into a service are who they say they are, and if not, to identify when the behavior is looking abnormal and risky.
LexisNexis Risk Solutions will certainly benefit from the deal. Their 40+ years of experience in the anti-fraud industry will be enhanced by the new data, tools, and clients provided by ThreatMetrix.
The acquisition is a good signal for the anti-fraud industry, which has seen a lot of new companies recently enter the space, with overall revenue continuing to uptrend.