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Allstate Accelerates Expansion into Identity Protection with Acquisition of InfoArmor

ALLSTATE (ALL)  More Company Research Source: Business Wire
Last allstate earnings: 10/31 06:24 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
PDF Addresses emerging risks facing consumers NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) has agreed to acquire InfoArmor, Inc., a leading provider of employee identity protection to more than 1 million employees and their family members at over 1,400 firms, including more than 100 of the Fortune 500 companies. The privately held company, headquartered in Scottsdale, Arizona, will be purchased for $525 million in an all-cash transaction expected to close later this year. “Consumers are increasingly at risk of having their digital identities compromised. Last year there were over 16 million victims of identity fraud, which resulted in over $16 billion of losses. With the acquisition of InfoArmor, Allstate will protect more customers from this risk and help rebuild their lives after they have been hacked,” said Tom Wilson, Chairman, President and CEO of Allstate. “InfoArmor [Read more]

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