TransUnion acquisition of iovation completed
TransUnion announced last week that it has completed its acquisition of authentication and fraud prevention solutions provider iovation.
iovation is focused in the device intelligence space and has a large database of reputation insights and cryptographically secure multi-factor authentication methods. It has insights into about 5 billion devices from over 35,000 brands, across more than 50 countries.
Jim Peck, president and chief executive officer of TransUnion commented: “The combination of our solutions will create an unmatched network of offline and online identities that will benefit both our business customers, and ultimately, consumers who are transacting with them.”
“Our mission has always been to make the digital world a safer place for both businesses and consumers, which perfectly supports TransUnion’s belief in using information for good,” added Greg Pierson, founder and chief executive officer of iovation. “My team is committed to working together with TransUnion to set the standard for stopping fraud and abuse while improving customer experience.”