LifeLock, Inc. (www.lifelock.com) and ID Analytics, Inc. announced the completion of a strategic acquisition that brings together a leader in consumer identity theft protection services with a leader in enterprise identity risk management. Together, LifeLock and ID Analytics will be able to help both consumers and enterprises manage their identity risk.
To complete the acquisition, LifeLock raised over $100 million in new preferred equity. All of LifeLock’s current significant insiders participated in the new round, including Bessemer Venture Partners, Goldman, Sachs & Co., Kleiner Perkins Caufield & Byers, Symantec Corporation and River Street Management. Other investors included Industry Ventures, Institutional Venture Partners, Keating Capital, Inc. and Wasatch Advisors’ venture capital arm CrossCreek Capital. LifeLock and ID Analytics generated combined revenue in excess of $200 million in 2011.
ID Analytics will continue to operate independently as a wholly owned subsidiary of LifeLock and will continue to operate under the leadership of its current CEO, Bruce Hansen, who will report to Todd Davis.
LifeLock, Inc. is an industry leader in identity theft protection. Since 2005, LifeLock has been relentlessly protecting identities by providing consumers with the tools and confidence they need to help protect themselves from identity theft and manage their credit.
Source: LifeLock Press Release