RELX Group will acquire ThreatMetrix in a cash transaction of £580 million, or about $817 million USD. The digital identity firm will become part of RELX's Risk & Business Analytics under the LexisNexis Risk Solutions division, officials report.
San Jose-based ThreatMetrix was founded in 2005. Its technology analyzes connections among devices, locations, anonymous identity information, and threat intelligence, and applies behavioral analytics to detect risky transactions. It processes more than 100 million transactions each day, encompassing 1.4 billion unique identities from 4.5 billion devices.
The company has already been working with LexisNexis Risk Solutions, which works in fraud and authentication by applying analytics to identity credentials, addresses, and asset ownership. LexisNexis Risk Solutions uses ThreatMetrix's device intelligence tools in its Risk Defense Platform. It appears the two companies are joining forces to expand RELX's portfolio.
"Further integration of ThreatMetrix's capabilities in device, email and social intelligence will build a more complete picture of risk in today's global, mobile digital economy, providing both physical and digital identity solutions," says ThreatMetrix. The deal is expected to close in the first half of 2018.
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