Acquisition Will Enhance the LexisNexis Risk Solutions Fraud and Identity Offering through Emailage’s Email Intelligence-Based Fraud Risk Scoring Solutions
LexisNexis® Risk Solutions, part of RELX, announced it has entered into an agreement to acquire Emailage®, a global provider of fraud prevention and risk management solutions. Emailage will become a part of the Business Services group of LexisNexis Risk Solutions. Founded in 2012 and based in the Phoenix metro area with offices across the globe, Emailage helps organizations reduce online fraud by building multi-dimensional profiles associated with customer email addresses to render predictive risk scores.
The LexisNexis Risk Solutions acquisition of Emailage further demonstrates the company’s commitment to augmenting organic growth with strategic acquisitions. Emailage’s long-standing contributory network database will enhance the LexisNexis® Digital Identity Network®, which analyzes an average of 39.9 billion transactions annually to provide organizations with actionable insight into the world’s rapidly changing threat landscape.
LexisNexis Risk Solutions already has an established commercial partnership with Emailage to offer email risk assessment to customers around the world. Further integration of Emailage’s capabilities will build a more complete picture of risk in today’s global mobile and digital economy.
Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, 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.”
Rei Carvalho, CEO of Emailage, said, “LexisNexis Risk Solutions is laser-focused on providing its customers a 360 degree view into an identity, which aligns with our mission to help customers who seek fast, low-friction, global digital identity fraud solutions to combat fraud without sacrificing consumer experience. We are thrilled to be recognized as a pioneer in email intelligence-based fraud risk scoring solutions and look forward to aligning our solutions to help organizations fight fraud on a more comprehensive level.”
The transaction is subject to customary conditions and regulatory consents and is expected to close in the first quarter of 2020.
Emailage is a global leader in fraud prevention and risk management. Through key partnerships, proprietary data, and advanced machine-learning technology, Emailage provides multi-faceted predictive solutions with email at its core. We’re outsmarting fraud together with our clients, and helping businesses around the world realize significant return on investment through improved detection of fraudulent transactions. To learn more, visit: www.Emailage.com, @Emailage on Twitter, or the company’s LinkedIn page.
According to CITY.A.M , Relx (the parent of LexisNexis Risk Solutions) did not disclose the value of the deal, which was struck with its Lexis Nexis Risk Solutions division, but a source close to the company said it was roughly $480m. It is the latest in a string of acquisitions for the firm, which last month agreed to buy ID Analytics from Norton Life Lock in a deal worth $375m. Both firms are set to be integrated into Relx’s Risk and Business Analytics — its fastest-growing division.
Source: Lexis Nexis Risk Solutions