Digital Identity Friday Five: December 27, 2024

Covering the most interesting news for the week of December 21 to December 27

Today is Friday, December 27. This is the last #fridayfive of 2024 so I’m changing it up!

Here are five game-changing #digitalidentity M&A transactions that I found interesting this year and my 2¢ WHY

[chronological order]

1/ April 4 - Entrust acquired Onfido

My 2¢:

Onfido’s #idv tech bolstered Entrust’s #identity stack while expanding its #Europe & #UK footprint

Entrust provides Onfido with capital stability and a broad #GTM capability enabling vertical & use case expansion

💰Onfido total raised: $242M

2/ June 11 - Incode acquired MetaMap

My 2¢:

MetaMap (previously known as Mati) augmented Incode’s #biometric capabilities with broad #crossborder #datacentric #compliance tools

Incode strengthened its customer base in #NorthAmerica, #LatAmerica & #Africa while diversifying its offering

💰MetaMap total raised: $84M

3/ August 13 - Experian acquired NeuroID, a part of Experian

My 2¢:

NeuroID gives Experian with a competitive asset to counter LexisNexis Risk Solutions BehavioSec & ThreatMetrix assets

Experian’s #CrossCore gains another in-house capability to augment legacy 41st Parameter tech while extending its SDK #devicecentric capabilities

💰NeuroID total raised: $47.9M

4/ October 24 - Socure acquired Effectiv (now part of Socure)

My 2¢:

Effectiv amplifies Socure’s #identitygraph with an enhanced #decisionengine & #orchestration stack creating an in-house offering similar to partner platforms Alloy, Provenir, & Oscilar

Socure enables accelerated Effectiv innovation with broader customer base & capital resources

💰Effectiv total raised: $9.5M

5/ December 10 - LexisNexis Risk Solutions acquired IDVerse - An OCR Labs Company

My 2¢:

IDVerse provides LN with a fully-automated, in-house #documentverification & #biometric suite

LN gives IDVerse a stronger #GTM footing to compete against global #docauth players like AuthenticID, AU10TIX, Jumio Corporation, Persona, Regula, Veriff, and more

💰 IDVerse total raised: $46M

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More collaborations, accelerated consolidation, & continued innovation!

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*** LINKS

Funds raised via Tracxn: https://tracxn.com/

ENTRUST + ONFIDO: https://finance.yahoo.com/news/entrust-completes-acquisition-onfido-creating-110000176.html

INCODE + METAMAP: https://www.prnewswire.com/news-releases/incode-acquires-metamap-to-lead-the-future-of-identity-verification-302168820.html

EXPERIAN + NEUROID: https://www.businesswire.com/news/home/20240813630475/en/Experian-Acquires-Behavioral-Analytics-Pioneer-NeuroID

SOCURE + EFFECTIV: https://www.prnewswire.com/news-releases/socure-to-acquire-effectiv-for-136m-302286089.html

LEXISNEXIS + IDVERSE: https://www.prnewswire.com/news-releases/lexisnexis-risk-solutions-announces-definitive-agreement-to-acquire-idverse-302326808.html