Mastercard To Acquire Ekata for $850 Million
April 19 2021 - 10:03AM
Dow Jones News
By Michael Dabaie
Mastercard Inc. said it would acquire Ekata for $850 million in
a deal to advance its identity verification efforts.
Identity verification services company Ekata works with a global
merchants, financial institutions, travel companies, marketplaces
and digital currency platforms, delivering scores, data attributes
and risk indicators, Mastercard said.
"They help their customers identify good consumers and
businesses and bad actors in real-time during online account
opening, payments and variety of other digital interactions," the
company said.
"With the addition of Ekata, we will advance our identity
capabilities and create a safer, seamless way for consumers to
prove who they say they are in the new digital economy," said Ajay
Bhalla, president of cyber and intelligence solutions at
Mastercard.
Ekata is headquartered in Seattle, with offices in Amsterdam,
Singapore and Budapest.
Mastercard said it sees the deal closing within the next six
months.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 19, 2021 09:48 ET (13:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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