LexisNexis Risk Solutions has announced the agreement to acquire Emailage, a global provider of fraud prevention and risk management solutions to enhance fraud and identity offering, LexisNexis reported on Monday.
"We are continuously evolving our fraud prevention and identity assessment solutions to help our customers fight fraud. Emailage's broad email and digital data attributes network, inquiry data and confirmed fraud feedback complement our deep expertise in contributory data management and linking technology.
Emailage will become a part of the Business Services group of LexisNexis Risk Solutions. The company has helped organizations reduce online fraud by building multi-dimensional profiles associated with customer email addresses to render predictive risk scores.
“This strategic acquisition will expand our digital identity intelligence and fraud prevention services, providing our customers an even more comprehensive view into consumers for more predictive risk assessment," said Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services.
The acquisition will enhance the LexisNexis Risk Solutions Fraud and Identity Offering through Emailage's Email Intelligence-Based Fraud Risk Scoring Solutions. Emailage's network database will improve LexisNexis’ Digital Identity Network, which analyses an average of 39.9 billion transactions annually to provide organizations with actionable insight into the world's rapidly changing threat landscape.
"We are thrilled to be recognized as a pioneer in email intelligence-based fraud risk scoring solutions and look forward to aligning our solutions to help organizations fight fraud on a more comprehensive level," said Rei Carvalho, CEO of Emailage.
The transaction is subject to customary conditions and regulatory consents and is expected to close in the first quarter of 2020.
In Jan. 2020, LexisNexis entered a contract with NortonLifeLock to acquire ID Analytics, which will boost the company’s Fraud and Credit Risk Assessment departments.
Procuring ID Analytics will galvanize LexisNexis in Fraud and Identity Management, offering analytic models and verification solutions to help customers identify consumer risk; and Credit Risk Decisioning, utilizing data attributes to give organizations a better understanding of consumer risk and credit worthiness to promote financial inclusion. Both have been designated as strategic growth areas by the acquiring company.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.
Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based and analytics and decision tools for professional and business customers across industries.