/PRNewswire/ Quadrant Knowledge Solutions recently announced that it has named Kount, an Equifax Company, as a 2022 technology leader in the SPARK Matrix.
CVC Growth Fund Announces Successful Exit of Kount in $640 million deal
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NEW YORK, Jan. 8, 2021 /PRNewswire/ CVC Capital Partners ( CVC ) announced today that the CVC Growth Fund has signed a definitive agreement to sell Kount Inc. ( Kount or the Company ), a provider of Artificial Intelligence (AI)- driven fraud prevention and digital identity solutions, to global data and analytics company Equifax in a deal valued at $640 million. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory review.
Formed in 2007 and headquartered in Boise, Idaho, Kount s best-in-class fraud prevention solutions protect the customer journey and digital innovations for over 9,000 brands globally. The Company has earned recognition as a leader in digital fraud prevention, with over 13 years of data informing its advanced Machine Learning (ML) and AI-based models. This patented
Equifax Announces Definitive Agreement to Acquire Kount
Acquisition Of The Industry s Leading Fraud Prevention and Risk-Based Digital Identity Authentication Platform Will Help Businesses Protect Against Online Fraud And Improve Customer Experience
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ATLANTA, Jan. 8, 2021 /PRNewswire/
Equifax® (NYSE: EFX) a global data, analytics and technology company has signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformation accelerates, driving customer interactions to digital channels in record numbers, businesses require new ways to establish digital identity trust in real time to fight the growing problem of online fraud while reducing customer friction. This acquisition will expand the Equifax worldwide footprint in digital identity and fraud prevention solutions, helping businesses better engage with their cu