Relx spends $480 million on latest fraud spotter, Emailage [Reuters]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
US:NYSE Investor Relations:
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Source: Reuters
Relx spends $480 million on latest fraud spotter, Emailage LONDON (Reuters) - European information provider Relx Plc ( REL.L ) has agreed to buy U.S. company Emailage for around $480 million in its latest deal to boost the fraud detection capabilities of its fastest-growing division, a source close to the company said. Once a traditional media publisher, Relx has transformed itself in recent years by selling off print titles and buying data sets and analytics tools to help professionals and business clients make decisions, including spotting fraud. Emailage helps clients spot fraud by using partnerships, proprietary data and advanced machine learning technology to build customer profiles associated with email addresses. It provides financial institutions, e-commerce companies, travel groups and other customers with fraud risk scores, spotting email addresses that have been involved in previous cases of fraud or raising a flag when new addresses appear. The deal is Relx’s third large
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