Security News > 2020 > January > NortonLifeLock announces purchase of ID Analytics by LexisNexis Risk Solutions

NortonLifeLock, a global leader in consumer cyber safety, announced LexisNexis Risk Solutions, part of RELX, has entered into an agreement to acquire ID Analytics, a trusted provider of credit and fraud risk solutions for enterprises, for a purchase price of $375 million.

ID Analytics provides credit and fraud risk solutions for enterprises with patented analytics and has proven expertise and near real-time insight into consumer behavior.

ID Analytics will become part of the LexisNexis Risk Solutions Business Services group, which uses vast data resources, technology, linking and analytics to deliver actionable insights that enable businesses to better analyze and assess risk, resulting in better outcomes.

"Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, said,"ID Analytics is widely recognized in the fraud and identity and credit risk space for its differentiated contributory data assets and advanced analytics capabilities.

As part of the transaction, NortonLifeLock customers will continue to benefit from alerts powered by ID Analytics and the company's strong ongoing data partnership with LexisNexis® Risk Solutions.

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