LexisNexis Agreement to Acquire IDVerse Elevates Risk Solutions Portfolio

LexisNexis Risk Solutions, part of RELX, has announced a definitive agreement to acquire IDVerse, an Australia-based company specializing in AI-powered document authentication and fraud detection. This strategic acquisition aims to integrate IDVerse's advanced AI technology into LexisNexis's platform to enhance digital identity verification and combat AI-generated fraud, such as deepfakes. The acquisition builds on a pre-existing alliance between the two firms, allowing LexisNexis to strengthen its global document verification capabilities and better protect consumers. IDVerse's technology, which can verify over 16,000 types of identity documents, is set to provide improved risk insights and enhance decision-making processes for business clients globally. The transaction is expected to close by early 2025, subject to regulatory approvals, although financial terms have not been disclosed. LexisNexis and RELX are headquartered in Atlanta, Georgia, and London, respectively, while IDVerse has offices in Sydney, Melbourne, London, and Silicon Valley.