GBG acquires identity verification services provider IDology for $300 million

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UK-headquartered identity data intelligence company GBG, has conditionally agreed to acquire Atlanta-based IDology, a provider of identity verification and fraud prevention services, for $300 million (£233 million) in an all-cash transaction.

Over the course of 2018, IDology has delivered revenues of $38.2 million at a CAGR of 16%, and EBITDA of $16.3 million, GBG said in a statement.  The company will retain its entire senior management team, and the employee base of IDology will join GBG.

[Image courtesy: GBG]