Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operations //

Identity & Access Management

2/13/2019
11:05 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

GBG acquires Atlanta-based IDology for $300 Million

The acquisition will expand UK-based GBG's global identity verification and fraud prevention capability in a key growth market.

LONDON, Feb. 11, 2019 /PRNewswire/ -- GBG, the UK-headquartered Identity Data Intelligence specialist, announces that it has conditionally agreed to acquire the entire issued share capital of IDology, a US-based provider of identity verification and fraud prevention services, for $300m (£233m) in an all-cash transaction.

IDology is a fast-growing provider of identity verification services that helps remove friction both in onboarding customers and in the detection of fraud. Its market-leading US identity verification and fraud prevention services, led by its ExpectID product range, are the perfect strategic complement to GBG's identity verification solutions.

GBG can quickly validate and verify the identity and location of 4.4 bn people globally and accesses a breadth of data from over 200 global partners to establish trust between businesses and their customers. Having completed 11 acquisitions since 2011, GBG's $300m acquisition of IDology is its largest to date.

GBG has seen strong growth in the US market. Its existing US identity business has grown organically with customers across technology, payments and retail verticals. Meanwhile Loqate, its location intelligence solution, has offices in New York City and San Francisco and has seen high demand from household names like Abercrombie and Fitch, Oracle and Nordstrom.  The acquisition will strengthen GBG's broader portfolio and enhance the business' product capability and customer reach.

Over the course of 2018, IDology delivered revenues of $38.2m at a CAGR of 16%, and EBITDA of $16.3 million.  The company will retain its entire senior management team and the employee base of IDology will join GBG. 

Today, IDology has established itself as the market leader in domestic identity verification and authentication which enables fraud prevention across multiple sectors. The acquisition will strengthen GBG's portfolio, enhancing the business' product capability and customer reach.

GBG and IDology have a history of working together in partnership and share a similar culture with a strong emphasis on people and talent.  IDology's US customer base currently accounts for 99% of its revenue, which will provide GBG with geographic scale and help to position GBG as a global leader in electronic identification verification. 

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-9405
PUBLISHED: 2020-02-26
IBL Online Weather before 4.3.5a allows unauthenticated reflected XSS via the redirect page.
CVE-2020-9406
PUBLISHED: 2020-02-26
IBL Online Weather before 4.3.5a allows unauthenticated eval injection via the queryBCP method of the Auxiliary Service.
CVE-2020-9407
PUBLISHED: 2020-02-26
IBL Online Weather before 4.3.5a allows attackers to obtain sensitive information by reading the IWEBSERVICE_JSONRPC_COOKIE cookie.
CVE-2020-9398
PUBLISHED: 2020-02-25
ISPConfig before 3.1.15p3, when the undocumented reverse_proxy_panel_allowed=sites option is manually enabled, allows SQL Injection.
CVE-2015-5201
PUBLISHED: 2020-02-25
VDSM and libvirt in Red Hat Enterprise Virtualization Hypervisor (aka RHEV-H) 7-7.x before 7-7.2-20151119.0 and 6-6.x before 6-6.7-20151117.0 as packaged in Red Hat Enterprise Virtualization before 3.5.6 when VSDM is run with -spice disable-ticketing and a VM is suspended and then restored, allows r...