Credit information provider TransUnion (NYSE: TRU) has acquired identity theft technology company Trustev for up to $44 million.
The financial deal terms call for the buyer to pay $21 million upfront and up to another $23 million based on the target’s future financial performance.
Trustev, based in Cork, Ireland, is a fraud identification software maker. Its technology monitors online transactions in real time and is designed to reduce risking getting customers’ information stolen.
“As fraud grows in volume and sophistication, TransUnion continues to invest in building our global capabilities to help companies manage their risk,” says TransUnion CEO Jim Peck.
Companies that make software designed to reduce cybersecurity threats have been in demand lately. Caci International Inc. (NYSE: CACI) is buying L-3 National Security Solutions Inc. and Carlyle Group (Nasdaq: CG) is adding Novetta. For more on trends in the cybersecurity space, see Hacking Drives Cybersecurity Deals.
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