Experian Puts Up $324M For Fraud Detection Biz

Law360, New York (October 1, 2013, 3:27 PM EDT) -- Dublin-based Experian plans to buy online fraud software developer 41st Parameter Inc. for $324 million, a deal that will expand its presence in the growing cybersecurity market, the company said Tuesday.

The addition brings 41st Parameter’s Internet security offerings, which use device identification to combat fraud for a customer base that includes financial institutions, travel websites, e-commerce merchants and customers in the digital media segment, the company said. Under the deal, 41st Parameter's device identification products will be integrated into Experian's existing identity management offerings, the...
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