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Mastercard snaps up identity verification company Ekata for $850M
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Credit card and finance company Mastercard Inc. today said it has acquired identity verification company Ekata Inc. for $850 million.
Founded in 1997, Ekata provides global identity verification data via application programming interfaces and on a software-as-a-service basis, with a focus on helping businesses assess digital risk. The company allows businesses to link digital transactions to the actual person behind it, allowing clients to comply with regulatory requirements such as Know Your Customer.
Ekata’s Identity Engine uses datasets from the Ekata Identity Graph and the Ekata Identity Network to provide identity verification data that’s said to provide consistent results across the globe with fast response times. Pitched as offering “smarter identity verification,” the company’s service assist in areas including preventing fake accounts, reducing payment risks, comba
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Morgan Stanley Infrastructure (MSI) Inc. supported the fiber expansion. The private equity firm committed to acquiring the entire stake of Tele Columbus AG for €3.25/share (through its subsidiary Kublai Gmbh) and consequently raising €475 million through Rights Offering
In December 2020, Toscafund Asset Management LLP and Penta Capital offered to acquire 70.9% of TalkTalk Telecom Group PLC, the third-largest provider of fixed broadband in the market, for 97 pence per share at an implied equity value of £1.1 billion.
BC Partners initially acquired United Group BV in 2019, after the company had already changed ownership twice. As an alternative telecom provider in the Balkan region, United Group operates in the countries of former Yugoslavia.