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The deal diversifies the customer base of both companies. ID Analytics sells its sophisticated pattern matching software mostly to big businesses, while LifeLock focuses primarily on consumers.
LifeLock -- perhaps best known for divulging founder Todd Davis' social security number in ads -- raised more than $100 million in new preferred venture capital to complete the transaction.
Both companies are privately held. They generated combined revenue in excess of $200 million in 2011, Davis said.
"By combining ID Analytics' enterprise solutions and proprietary data capabilities with LifeLock's brand leadership and consumer expertise, we see a company poised for significant long-term growth," he said.
Founded a decade ago, ID Analytics' algorithms warn banks, telecommunications firms and consumer products companies of potential identity fraud in credit applications. It has about 280 customers, Davis said.
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See also LifeLock Strengthens Market Position Through Acquisition of ID Analytics.