TransUnion to Acquire Iovation

“Iovation offers a number of device-based authentication solutions including FraudForce, SureScore, ClearKey, and LaunchKey – the latter being itself the product of an acquisition on Iovation’s part.”

TransUnion is going to acquire Iovation.TransUnion to Acquire Iovation

In a statement announcing the planned acquisition, the company said it’s aimed at “strengthening its leadership position in fraud and identity management.” Iovation offers a number of device-based authentication solutions including FraudForce, SureScore, ClearKey, and LaunchKey – the latter being itself the product of an acquisition on Iovation’s part.

TransUnion added that Iovation has an extensive roster of customers and channel partners including UK-based Callcredit, which TransUnion is also seeking to acquire. These are expected to help TransUnion expand into new markets including gaming and retail.

Meanwhile, the company says it has also established an agreement to acquire Healthcare Payment Specialists, an organization that provides Medicare reimbursement services to healthcare providers.

These various endeavors may reflect the continuation of a pronounced M&A trend in the biometrics and digital authentication industries, with various major deals having progressed over the last year, and others, such as Thales’ pursuit of Gemalto, still ongoing.

TransUnion says it expects its Iovation acquisition to close in late Q2 or early Q3.

May 18, 2018 – by Alex Perala