Market Insights

BioCatch catches $30M, Ipsidy inks deal in Zimbabwe: Friday Deal Book for 03/16/2018

March 16, 2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. Here’s a quick peek at what you need to know for the week ending March 16, 2018.

BioCatch raises $30 million

The behavioral biometrics company’s latest round was led by Maverick Ventures, with participation from American Express Ventures, NexStar Partners, Kreos Capital, CreditEase, OurCrowd, JANVEST Capital, and other existing investors. BioCatch’s technology aims to boost cybersecurity and provide identity assurance, reducing fraud by identifying a range of threats at login and beyond. The company’s products — backed by an IP portfolio with more than 56 patents granted or pending — can identify malware, robotic activity, social engineering, and other cyber threats. [Read more]

Ipsidy to secure Zimbabwe election with biometrics

The contract will se Ipsidy provide biometric technology to the Zimbabwe Electoral Commission for use in its general election to be held this year. Zimbabwe will leverage the IDSearch/IMS Biometric Voter Registry solution to confirm citizens for voter rolls. The fingerprint-based biometric authentication will rely on a national voter database established in the last year. [Read more]

Palo Alto Networks nabs for $300 million

The deal will boost Palo Alto Networks’ API-based security offerings, bringing cloud services infrastructure security software into the fray. The deal is expected to close by late April, and cofounders Tim Prendergast and Justin Lindy will join Palo Alto Networks. had raised $49 million over four venture rounds. Network-based security mechanisms from Palo Alto Networks protect Internet of Things devices, which are tracked through the Identity of Things. [Read more]

Identropy, SecZetta partner to tackle identity challenges

Identropy will be a solutions partner and reseller for SecZetta, bringing NE Profile and NE Access to market in conjunction with existing identity management services. The deal will see SecZetta work closely with Identropy to assist customers and partners adopting products from both companies as components of Identity & Access Management strategies. [Read more]

Experian to buy ClearScore for $385 million

The deal will expand Experian’s presence in the U.K., while ClearScore will continue to provide free credit scores under its established brand name to an existing six million users. Those who obtain a credit score through ClearScore are offered tailored financial products, including credit cards, loans, mortgages, car loans, and more. Read more]