GBG Announces It Has Agreed to Acquire Acuant, Bringing Together Two Leaders inside the Global Digital Identity Market With Combined Revenue of c.£265 Million

The global identification verification marketplace is projected to reach $15.Eight billion by 2025 and the fast-growing identity fraud market is projected to be well worth $9.6 billion through 20251. GBG’s acquisition of Acuant strengthens its presenting in each markets with an answer for any enterprise that needs to accept as true with an identity, whether pushed by way of handling compliance, lowering the price of fraud or improving consumer revel in on the point of purchase. GBG and Acuant share a not unusual imaginative and prescient to create a platform that allows believe in the virtual economic system, and this imaginative and prescient is underpinned by way of similar cultures and common values, tested over years of collaboration on present business initiatives. Acuant brings a team of over 2 hundred particularly skilled digital IDV professionals and over 1,000 clients, with almost 1/2 of sales powered with the aid of Acuant’s strong channel accomplice community.

Chris Clark, Chief Executive Officer at GBG, said: “We are delighted to announce the acquisition of Acuant. It is a business that we’ve got labored with and favourite for many years. The aggregate of our agencies is a complementary and effective one. Together we create a worldwide leader in facts, report and biometric identity verification services and give a boost to our mutual functionality to capitalise on the quick-growing identification fraud marketplace. The US is the largest and most strategic market for region, identification and fraud services. 

 As importantly, it also strengthens the breadth of our era portfolio which we can use to support our present day clients in new approaches in growth geographies inclusive of APAC and Europe wherein we have already got a strong footprint. The crew at Acuant brings new skills and expertise to GBG, as well as an aligned culture and shared imaginative and prescient to enable trust in the virtual financial system. We are enthusiastic about the potential of the combined agencies and the acceleration this gives to our strategic dreams.”

Yossi Zekri, Chief Executive Officer at Acuant, said: “This is an thrilling day for Acuant. We are very proud of the entirety that Acuant has achieved up to now – constructing a international-class generation portfolio and a sturdy marketplace position across a couple of sectors. There remains tremendous possibility in advance and becoming a member of the GBG own family is the high-quality manner for us to capitalise on those opportunities. Our patron, technology and geographical blend are complementary and culturally we are aligned in our project, vision, and the way we invest in our people and appearance after our customers. We are very a lot searching ahead to operating together within the years in advance.”