Equifax Inc. (NYSE: EFX) announced an agreement to acquire ID Watchdog (TSX.V: IDW), a leading identity theft protection and resolution services company providing solutions to the Employee Benefits marketplace.

Based in Denver and listed on the Toronto Venture Exchange, ID Watchdog is a leading provider of identity protection and resolutions services with primary distribution through the employee benefits channel.

“ID Watchdog is a respected business with first-class products and services, and strong customer relationships,” said President of Global of Consumer Solutions Dann Adams. “This acquisition allows us to augment our identity theft protection services and increase our reach into the employee benefits space.”

The closing of the acquisition is subject to customary closing conditions and ID Watchdog shareholder approval. The acquisition is anticipated to close in the third quarter of 2017.

Source: Equifax Press Release