LexisNexis Risk Solutions Acquires IDVerse
Deal News | Feb 19, 2025 | PR Newswire Cision LexisNexis Risk Solutions
In a strategic move to enhance its capabilities in risk and fraud solutions, LexisNexis Risk Solutions, a part of RELX, has completed the acquisition of IDVerse, a provider of AI-powered document authentication and fraud detection solutions. The acquisition will allow LexisNexis to integrate IDVerse's innovative technology into its existing platforms, like LexisNexis RiskNarrative and IDU, and offer it as a stand-alone solution. IDVerse, founded in Australia in 2018, uses advanced AI technology to verify the authenticity of identity documents and combat various forms of fraud, such as deepfakes. This acquisition is expected to expand LexisNexis's global reach in identity verification across industries, enhancing fraud detection and prevention measures. The terms of the transaction were not disclosed.
Sectors
- Risk Management
- AI & Machine Learning
- Financial Services
Geography
- United States – LexisNexis Risk Solutions is headquartered in Atlanta, Georgia, and operates across the U.S.
- Australia – IDVerse was founded in Australia, highlighting its origins and operational base.
- United Kingdom – The acquisition involves LexisNexis's operations in London and RELX's presence in the UK.
Industry
- Risk Management – The deal directly involves risk management solutions as LexisNexis enhances its capabilities in combating fraud.
- AI & Machine Learning – IDVerse provides AI-powered technology crucial for fraud detection and identity verification.
- Financial Services – IDVerse's technology serves financial institutions that require robust identity verification solutions.
Financials
- Not disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LexisNexis Risk Solutions | Acquirer | Company | A leading provider of risk management and decision tools, part of RELX. |
| IDVerse | Target | Company | AI-driven document authentication and fraud detection provider. |
| RELX | Parent Company | Company | A global information analytics company owning LexisNexis Risk Solutions. |