Trustev, an Ireland-based fraud protection software developer backed by telecommunications firm Telefónica, has been purchased by credit information services provider TransUnion in a deal worth up to $44m.
TransUnion will pay Trustev an initial $21m in cash, and up to $23m more dependent on Trustev reaching certain retention, revenue and earnings milestones through 2018.
Founded in 2012, Trustev provides fraud prevention technology that analyses consumer behaviour and devices while the user browses a store. It then uses human intelligence datapoints…
