Wipro Ventures is set to exit email security software provider Emailage in an acquisition by LexisNexis Risk Solutions, which is paying a reported $480m.
Data services provider LexisNexis Risk Solutions agreed yesterday to purchase Emailage, a US-based fraud prevention technology provider backed by IT services firm Wipro, for an amount reported by Reuters to be about $480m.
Founded in 2012, Emailage has developed a software product that uses machine learning and a dynamic data network to analyse email communications, issuing digital identity scores to customers in order to reduce risk from fraudulent email accounts.
The company will become part of the Business Services group…
