GB Group announced that it has reached agreement to acquire Acuant, a leading identity verification and KYC/AML compliance provider, for a cash-free, debt-free enterprise value of $736 million. The acquisition of Acuant brings together two of the leaders in the global digital identity market with a combined revenue of c.£265 million. A long-time partner, Acuant has a product suite that is a natural complement to GBG’s existing US-based services from IDology.
iProov announced that Acuant has integrated iProov into its platform to provide robust online face authentication services. Acuant, which provides identity verification services to all industries, selected iProov’s patented Flashmark technology to deliver the highest level of trust during the online authentication of a remote individual for customer onboarding, customer authentication, age verification, fraud prevention and regulatory compliance.