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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 well as giving it access [...]

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