Fenwick & West represented NortonLifeLock in the transaction.
LexisNexis® Risk Solutions, part of RELX, has entered into an agreement to acquire ID Analytics (IDA), a trusted provider of credit and fraud risk solutions for enterprises, for a purchase price of $375 million.
The sale of ID Analytics is another step in NortonLifeLock’s transformation into a pure-play consumer cyber safety leader. The transaction is subject to customary conditions and regulatory consents and is expected to close in the first calendar quarter of 2020.
Based in San Diego and founded in 2002, ID Analytics technology delivers risk insights to enterprises through the combination of proprietary data, patented analytics, and near real-time cross-industry consumer identity behavior. ID Analytics provides credit and fraud risk solutions for enterprises with patented analytics and has proven expertise and near real-time insight into consumer behavior.
NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety. NortonLifeLock is dedicated to helping secure the devices, identities, online privacy, and home and family needs of nearly 50 million consumers, providing them with a trusted ally in a complex digital world.
The Fenwick transaction team included corporate partners Doug Cogen (Picture) and Bomi Lee and associates Victoria Wong, Meredith Evancie and Shajee Rizvi; executive compensation & employee benefits partner Scott Spector and associate Nicholas Frey; technology transactions partners Stephen Gillespie and Jonathan Millard, counsel Christopher Joslyn and associate Russell Wong; antitrust & trade regulation partner Mark Ostrau; and tax partner William Skinner and associate Ora Grinberg.
Involved fees earner: Douglas Cogen – Fenwick & West LLP; Meredith Evancie – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Ora Grinberg – Fenwick & West LLP; Christopher Joslyn – Fenwick & West LLP; Bomi Lee – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Shajee Rizvi – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Scott Spector – Fenwick & West LLP; Russell Wong – Fenwick & West LLP; Victoria Wong – Fenwick & West LLP;
Law Firms: Fenwick & West LLP;