Intralinks fetches $1B price tag, Visa ventures into auth: Friday Deal Book for 10/20/2017

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending Oct. 20, 2017.

Secure data sharing provider Intralinks acquired for $1 billion
Siris Capital Group will acquire Intralinks, a provider of secure data sharing and enterprise collaboration solutions, for about $1 billion in consideration. In addition to the acquisition, Siris has agreed to invest $185 million of equity into Synchronoss, the parent company of Intralinks. Synchronoss acquired Intralinks in 2016 for approximately $821 million and has been operating it as a wholly owned subsidiary since then. Under the terms of the agreement, Intralinks will become an independent, privately owned portfolio company of investment funds affiliated with Siris. Intralinks provides cloud-based virtual data room and secure team collaboration solutions to financial institutions and enterprises. [Read more]

Visa enters authentication market with launch of Visa ID Intelligence
The platform will allow merchants, issuers, and acquirers to integrate authentication technologies through Visa Developer tools. By providing API and SDK interfaces, Visa hopes to both drive adoption of existing authentication technologies and help partners keep pace with the evolving authentication demands, especially driven by IoT expansion. Visa partnered with technology provides Neustar, ThreatMetrix and Daon for the launch giving these partners a very valuable distribution channel. [Read more]

Identity verification prodiver Alloy raises $3.8 million
The seed round was led by Eniac Ventures. Alloy provides a single API service and dashboard for companies to manage identity verification at all stages of the customer lifecycle. As an increasing number of companies have expanding global verification needs, single integration solutions are gaining increasing traction. [Read more]

Mitek acquires ICAR for $15 million
Identity verification provider Mitek has acquired ICAR, a consumer identity verification provider focused on Spain and Latin American markets in a cash and share deal worth approximately $15 million. In addition to expanded market coverage, the acquisition is also an interesting combination of technical capabilities — Mitek’s solution has historically been very strong on mobile, and ICAR’s desktop capture capabilities could round out the offering. The Consumer Identity and Access Management Market is expected to grow to $16.6 billion by 2022. [Read more]