Risk info provider TransUnion gets outstanding Iovation
Just two months after announcing plans to acquire CallCredit for $1.4 billion, credit reporting agency and risk information provider TransUnion has finalised its purchase of device intelligence company Iovation, reports Julie Muhn at Finovate.
TransUnion announced its plans to acquire iovation in May and received authorisation from the US Federal Trade Commission (FTC) last month. The terms of the deal were not disclosed.
The acquisition will expand TransUnion’s global reach and customer base, and is expected to give the company a boost in the fraud and identity management space.
TransUnion’s current fraud offerings include credit protection, identity management, identity verification and authentication, fraud detection and prevention, and data breach services.
The company will use Iovation’s device reputation database, which offers insight into almost five billion devices from more than 35,000 brands across 50+ countries, for its IDVision suite of fraud and identity solutions.
TransUnion was founded in 1968 and has corporate headquarters in Chicago, Illinois. The company has office locations in Hong Kong, Mumbai, Toronto, Johannesburg, Colombia, and Brazil.
Last month, TransUnion teamed with MIB to allow MIB’s 400 US life insurance member companies to receive customer identity verification services through a new integration with TransUnion’s Identity Verification solution.