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Relx acquires ThreatMetrix for $817M to ramp up in risk-based authentication

Relx acquires ThreatMetrix for $817M to ramp up in risk-based authentication
From TechCrunch - January 29, 2018

Another startup in the area of cyber security has been snapped up as platform businesses serving enterprises look for more ways of securing their own networks and working with customers to secure theirs. Today, the RELX Group (formerly known as Reed Elsevier) announced that it would acquire ThreatMetrix for 580 million (about $817 million) in cash.

This is a big exit for ThreatMetrix, which was last valued at around $237 million in its last funding round, in 2014, according to PitchBook analysis.

ThreatMetrix, which has been around since 2005 and has made some acquisitions of its own, is a digital identity platform that uses a number of factors (over 250 in all) like device information, location, anonymized ID information and behavioral analytics to determine that individuals logging into a service are who they say they are, and if not, to identify when the behavior is looking abnormal and risky.

Its notable for being one of the earlier of the cybersecurity companies to offer both identification authentication services as well as malware detection, but the identity repository may be the key to the price paid here. RELX says ThreatMetrixs so-calledDigital Identity Network analyses over 100 million transactions per day covering 35,000 websites from 5,000 customerstracking1.4 billion unique online identities from 4.5 billion devices in 185 countriesmaking it one of the largest repositories of online digital identities in the world.

The group will become a part of RELXsRisk & Business Analytics, which is part of the LexisNexis Risk Solutions group and already works in areas of fraud and authentication, and had, in fact, already been collaborating with ThreatMetrix.

Our partnership with LexisNexis Risk Solutions over the past two years has fully demonstrated the strong synergies between our two organizations, said Reed Taussig, President and CEO of ThreatMetrix, in a statement.

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