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
The Problem with Proprietary Testing: NSS Labs vs. CrowdStrike
Brian Monkman, Executive Director at NetSecOPEN,  7/19/2019
How Attackers Infiltrate the Supply Chain & What to Do About It
Shay Nahari, Head of Red-Team Services at CyberArk,  7/16/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
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-2019-10102
PUBLISHED: 2019-07-22
The Linux Foundation ONOS 1.15.0 and ealier is affected by: Improper Input Validation. The impact is: The attacker can remotely execute any commands by sending malicious http request to the controller. The component is: Method runJavaCompiler in YangLiveCompilerManager.java. The attack vector is: ne...
CVE-2019-10102
PUBLISHED: 2019-07-22
Frog CMS 1.1 is affected by: Cross Site Scripting (XSS). The impact is: Cookie stealing, Alert pop-up on page, Redirecting to another phishing site, Executing browser exploits. The component is: Snippets.
CVE-2019-10102
PUBLISHED: 2019-07-22
Ilias 5.3 before 5.3.12; 5.2 before 5.2.21 is affected by: Cross Site Scripting (XSS) - CWE-79 Type 2: Stored XSS (or Persistent). The impact is: Execute code in the victim's browser. The component is: Assessment / TestQuestionPool. The attack vector is: Cloze Test Text gap (attacker) / Corrections ...
CVE-2019-9959
PUBLISHED: 2019-07-22
The JPXStream::init function in Poppler 0.78.0 and earlier doesn't check for negative values of stream length, leading to an Integer Overflow, thereby making it possible to allocate a large memory chunk on the heap, with a size controlled by an attacker, as demonstrated by pdftocairo.
CVE-2019-4236
PUBLISHED: 2019-07-22
A IBM Spectrum Protect 7.l client backup or archive operation running for an HP-UX VxFS object is silently skipping Access Control List (ACL) entries from backup or archive if there are more than twelve ACL entries associated with the object in total. As a result, it could allow a local attacker to ...