Credit-rating giant Trans Union Newstar, an identity resolution company that tracks and aggregates the digital activity of online customers for marketing and anti-fraud applications, announced a deal to raise .. 3.1 billion in cash.
The deal is expected to close in the fourth quarter of 2021, subject to traditional closing conditions and regulatory approval. Trans Union is buying Nestor with the participation of a private investment group led by Golden Gate Capital and GIC.
Transunion hopes that Newstar’s OneID platform will help integrate digital identity capabilities, with Transunion integrating TLO data resources and fusion platforms, Iovation Device Reputation Network and True Optic Digital Marketing capabilities in recent years.
Nestor Security Solutions will not be included in the Trans Union Agreement. After selling Neuster Marketing, a risk and communications business in Transunion, Golden Gate Capital and GIC will retain ownership of Nestor Security Solutions, which has about 235 employees.
Reston, VA-based Newstar is expected to generate 57 575 million in revenue and 11 115 million in EBITDA in 2021. Transunion expects “material cost adjustment” through the acquisition of Newstar and expects the transaction to be acceptable for consolidated earnings starting in 2023.
“As global digital commerce continues to grow, TransUnion’s powerful digital identity assets, enhanced by Newstar’s unique data and digital resolution capabilities, will enable a safer and more personalized online experience for consumers and businesses,” said Transunion President / CEO Chris Cartwright. Went and said.
“The complementary business, products and relationships of the two companies will provide benefits to our combined customers, employees and other stakeholders across different markets,” added Charlie Gottdianer, President / CEO of Newstar.