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GB Group agrees £6m Transactis acquistion

15th October 2014 6:38 am GMT

Identity management specialist GB Group has announced a sale and purchase agreement to acquire fraud prevention and ID verification solutions provider CDMS Limited, trading as Transactis, for a total consideration of up to £6m.

Liverpool-based Transactis aggregates customers' transactional data and delivers anti-fraud and marketing-related services to companies in both the private and public sectors.

GB Group said the acquisition would strengthen its identity intelligence products with its unique data assets, as [...]

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