CSIdentity Acquired by Experian for $358 Million
Deal Synopsis
CSID was acquired by Experian (LON:EXPN) for $358 million on August 15, 2016. The acquisition of CSIdentity accelerates execution of Experian consumer services strategy and enables the company to address a broader spectrum of the consumer market.
Seller Details
CSID is a software platform for identity protection and fraud detection. The company delivers identity theft protection and monitoring solutions for individuals, government agencies, and businesses. CSID also provides government security solutions, including international and domestic identity verification and fraud detection, breach mitigation, and an integrated identity and risk framework methodology designed to protect civil liberties.
Buyer Details
Experian is a leading global information services company that helps businesses and consumers manage data to make informed decisions. The company provides credit reporting and consumer insights, decision analytics, marketing services, and direct-to-consumer credit products and services. Experian also operates internationally, with revenue generated across multiple regions, including Latin America and Asia. Read the full press release here.