Socure to Acquire Effectiv for $136M [Yahoo! Finance]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Yahoo! Finance
INCLINE VILLAGE, Nev. Oct. 24, 2024 /PRNewswire/ -- Socure , the leading provider of artificial intelligence for digital identity verification, fraud prevention and sanction screening, has signed an agreement to acquire Effectiv , a real-time risk decisioning company, for $136M . The acquisition is expected to close in November. This strategic acquisition pairs Socure's best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions platform – a combination of technology not held by a single competitor, and one that will elevate the way the market combats fraud and verifies identities across the entire customer journey. Effectiv's open platform seamlessly integrates any risk solution, including identity and payment fraud controls, credit underwriting, Know Your Business (KYB) and anti-money laundering (AML), to drive real-time decisions that solve the toughest risk challenges of our time – identity theft, account takeover,
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- 11/7/24 - Form 6-K
- 10/10/24 - Form 6-K
- LSPD's page on the SEC website