TransUnion, primarily known for credit ratings, hopes to expand into digital marketing and fraud mitigation capabilities with the deal.
Credit rating giant TransUnion will acquire identity resolution firm Neustar in a deal worth $3.1 billion.
TransUnion, in its largest acquisition to date, will purchase Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. The acquisition excludes Neustar's security business, which will become a Golden Gate and GIC portfolio company.
Neustar has more than 8,000 clients and is expected to generate about $575 million of revenue and $115 million of adjusted core earnings in 2021, according to TransUnion.
"The acquisition advances TransUnion's strategy to diversify from its core credit solutions with complementary digital marketing and fraud mitigation capabilities," the company says in a release on the deal.
More details on the acquisition can be found here.
About the Author(s)
You May Also Like
The fuel in the new AI race: Data
April 23, 2024Securing Code in the Age of AI
April 24, 2024Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024