Security News > 2020 > January > NortonLifeLock to Sell ID Analytics Business to LexisNexis Risk Solutions
NortonLifeLock announced on Monday that it has agreed to sell its ID Analytics business to LexisNexis Risk Solutions for $375 million.
Founded in 2002, San Diego-based ID Analytics offers solutions that provide risk insights to enterprises through the combination of proprietary data, analytics, and near real-time cross-industry consumer identity behavior.
ID Analytics will become part of the LexisNexis Risk Solutions Business Services group, which is owned by RELX Group.
"Combined with our strengths of verifying and authenticating physical and digital identities, our customers will benefit from an even more comprehensive approach to detecting and preventing fraud and managing risk," Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, said.
"The sale of ID Analytics is another step in the transformation of NortonLifeLock into a pure-play consumer cyber safety leader," says Vincent Pilette, CEO, NortonLifeLock.