(Alliance News) - Analytics and decision tools provider RELX PLC said Monday it will buy US fraud prevention and risk management company Emailage.
While RELX, which has its headquarters in London, did not disclose the deal's value, the Financial Times on Tuesday cited "one person familiar with the situation" as having "put the figure at roughly USD480 million".
https://www.ft.com/content/fe39ced4-4732-11ea-aeb3-955839e06441
Emailage is based in Phoenix, was founded in 2012, and will join RELX's LexisNexis Risk Solutions unit. According to RELX, the target's "long-standing contributory network database" is intended to "enhance the LexisNexis Digital Identity Network". This network analyses transactions with the goal of preventing fraud.
RELX said the deal is proof of its commitment to supplementing organic growth with acquisitions. It follows the January 13 announcement of RELX's USD375 million acquisition of ID Analytics - NortonLifeLock's credit and fraud software solutions unit.
Rick Traino, chief executive of LexisNexis Risk Solutions, said: "We are continuously evolving our fraud prevention and identity assessment solutions to help our customers fight fraud. Emailage's broad email and digital data attributes network, inquiry data and confirmed fraud feedback complement our deep expertise in contributory data management and linking technology. This strategic acquisition will expand our digital identity intelligence and fraud prevention services, providing our customers an even more comprehensive view into consumers for more predictive risk assessment."
Shares in RELX were up 0.6% at 2,071.73 pence in London on Wednesday.
By Anna Farley; annafarley@alliancenews.com
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