LexisNexis Risk Solutions, part of RELX, reported the entry into an agreement to acquire ID Analytics, a provider of credit and fraud risk solutions for enterprises. ID Analytics delivers risk analysis through proprietary data, analytics and consumer identity behavior. ID Analytics will be integrated into LexisNexis Risk Solutions Business Services Group. The group utilizes data, technology, linking and analytics to display to businesses in depth risk analysis.
Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, 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. 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.”
Trainor continued, “Our acquisition of ID Analytics is in line with our growth strategy, which has organic growth as our cornerstone, enhanced by acquisitions targeting data and analytics capabilities that complement our existing business.”
Vincent Pilette, CEO of NortonLifeLock, said, “The sale of ID Analytics is another step in the transformation of NortonLifeLock into a pure-play consumer cyber safety leader. We can now be completely focused on our singular mission to protect all areas of consumers’ online lives.”
RELX is a global provider of information-based analytics and decision tools for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 30,000 people of whom almost half are in North America.