NortonLifeLock Announces Sale of ID Analytics Business to LexisNexis Risk Solutions
NortonLifeLock Inc. (NLOK)
Last nortonlifelock inc. earnings: 2/6 04:15 pm
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Source: Business Wire
Divestiture Will Allow NortonLifeLock to Further Sharpen its Focus on Consumers TEMPE, Ariz.--(BUSINESS WIRE)--NortonLifeLock (NASDAQ: NLOK), a global leader in consumer cyber safety, today announced LexisNexis® Risk Solutions, part of RELX, has entered into an agreement to acquire ID Analytics (IDA), a trusted provider of credit and fraud risk solutions for enterprises, for a purchase price of $375 million. Based in San Diego and founded in 2002, ID Analytics technology delivers risk insights to enterprises through the combination of proprietary data, patented analytics, and near real-time cross-industry consumer identity behavior.ID Analytics provides credit and fraud risk solutions for enterprises with patented analytics and has proven expertise and near real-time insight into consumer behavior. More than 450 companies in the U.S. rely on ID Analytics to make risk-based decisions to improve customer experiences, enhance revenue, reduce fraud and drive cost savings.“The sale of I
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