Market Insights

Harver raises $8.1M, FTC terminates Blue Global: Friday Deal Book for 7/7/2017

One World Identity’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 July 7, 2017.

Dutch HR automation startup Harver raises $8.1 million Series A
Harver replaces manual recruitment processes, including resume screening by using predictive analytics to match candidates with opportunities. Its customers include and Netflix – the company will use the additional funding to grow its international presence, especially in the United States. The round was led by Insight Venture Partners and brings Harver’s total funding to $11.4 million. The growth in data analysis and predictive capabilities has spelled many new business models when applied to personal and identity data. [Read more]

HID Global acquires Arjo Systems
HID Global acquired Arjo Systems SAS, a provider of physical and digital identity solutions for government applications, for an undisclosed sum. Arjo’s 100 person team will join HID Global’s existing Government ID Solutions business. Both companies provide government to citizen software and hardware solutions, Arjo Systems brings will increase HID Global’s footprint in select emerging markets. Large identity companies have been particularly active in acquisitions and mergers over the last year but so far have not raised any regulatory red flags while consolidating their positions. [Read more]

FTC shuts down Blue Global for unauthorized sharing of user data
Blue Global claimed to provide consumers unparalleled access to trusted lending partners to help them secure favorable loan terms. However, according to the complaint, of the 15 million loan applications the company received, fewer than 2 percent were actually sold to lenders, while the rest were sold to non-lenders without user consent. Applications included sensitive personal data such as social security numbers, past financial history, and bank account numbers. The FTC has taken actions against several companies in recent months, but the true scale of sham providers looking to capitalize on user data is unknown. [Read more]

Google authentication suite launches finer grained data access controls
Google, one of the largest providers of authentication on the web, announced that administrators can now create whitelist to define which specific applications can access user data. In May, many Google users were hit with a phishing attempt coming in the form of a Google Docs share from an unauthorized party. This feature could prevent unauthorized access even if a user installed the malicious application. Data sharing and auditability remain key concerns across the market. [Read more]