TransUnion Acquires ID Management Firm; Equity Company Adds Sageworks

Acquisitions and additions inside the fintech industry.

Chicago-based TransUnion will acquire Portland, Ore.-based fraud and identity management firm iovation; and Menlo Park, Calif-based Accel-KKR, a tech-focused equity firm, will purchase financial software and information supplier Raleigh, N.C. Sageworks.

iovation provides an advanced digital device reputation consortium, with insight into nearly 5 billion unique devices from more than 35,000 leading brands across more than 50 countries. “iovation has unique device identity and consumer authentication capabilities that help businesses and consumers seamlessly and safely transact in a digital world,” Jim Peck, Chicago-based TransUnion’s president and chief executive officer said in an announcement. “Together with iovation, we will create an unmatched network of offline and online identities that will help make transactions faster and more secure, while providing a frictionless experience for consumers.”