Vix Verify Acquired by GBG Plc (LSE:GBG)

As of 22 October 2018, VIX Verify, a leader in worldwide customer onboarding and identity verification solutions, has been acquired by GBG, the global identity data intelligence specialist.

VIX Verify and GBG share the same DNA, having both built successful businesses which focus on providing identity verification and fraud detection services. The two companies also operate in similar sectors with blue-chip customers in financial services and gaming.

As a combined entity, GBG and VIX Verify will be able to offer its customers a global end-to-end solution that provides business intelligence by leveraging data and technology from a single vendor. GBG and VIX Verify will also use this opportunity to combine their resources to deliver best of breed products to its customers.

Announcing the change of ownership, James Smith, Chief Executive of VIX Verify, said: “We are really excited about becoming part of the GBG family. We’ve known the GBG team for a number of years and we’re delighted to take this opportunity to combine our resources to accelerate our growth in Australia, New Zealand and internationally. We’re sure that GBG is a good partner for our customers, home for our people and that we can provide both with greater opportunities as we bring the businesses together.”

Chris Clark, Chief Executive of GBG, said: “I am delighted to announce the acquisition of VIX Verify. Its established track record of providing identity and location verification solutions will support our growing business in Australia and New Zealand.

There are clear growth opportunities between GBG and VIX Verify and this acquisition is a logical step in our strategy to expand internationally, extend the services we offer existing customers and increase our share in existing markets. VIX Verify has a trusted management team with a like-minded culture, and we are excited to welcome this experienced group of people into GBG.”

About VIX Verify VIX Verify is a leader in worldwide customer onboarding and identity verification solutions. VIX Verify was established in 2005 and has over 400 customer globally from the financial services (including Big 4 Australian banks), forex, telecommunication, education, gaming and government sectors.

VIX Verify’s onboarding and identity solution known as greenID is ISO 27001 certified providing secure, privacy-compliant online services that enables organisations to verify the identity of their customers in real-time.

About GBG GBG’s innovative technology leads the world in location intelligence, detects fraud and enables it to verify the identity of 4.4 billion people globally. GBG’s products are built on an unparalleled breadth of data obtained from over 200 global partners.

GBG is headquartered in the UK, with over 800 team members across 18 countries. It works with clients in 79 countries, including some of the best-known businesses around the world, ranging from US e-commerce giants to Asia’s biggest banks and European household brands.

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