On October 24, 2024, Socure, the leading provider of artificial intelligence for digital identity verification, fraud prevention, and sanction screening, announced that it has signed an agreement to acquire Effectiv, a real-time risk decisioning company, for $136 million. Wilson Sonsini Goodrich & Rosati advised Socure on the transaction.
The strategic acquisition pairs Socure’s best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions platform. With this acquisition, Socure—which serves more than 2,700 customers and has verified more than 2.26 billion identities over the past 12 months—further solidifies its leadership position in the identity verification and fraud prevention market, and is propelled into the $200 billion enterprise fraud industry, which additionally encompasses payments fraud, credit underwriting, and AML transaction monitoring. The transaction is expected to close in November.
The Wilson Sonsini team that advised Socure on the transaction includes:
M&A
Catherine Riley Tzipori
Emma Sarkisyan
Elia Perez Villamarin
Melis Kilic
Casey Anderson
Katherine Fuller
Employee Benefits and Compensation
Sriram Krishnamurthy
Matt Norgard
Lori Howey
Technology Transactions
Jamie Clessuras
Morgan Kasenchak
Mary O’Brien
Chris Murray
Kristin Bradley
Sarah Syed
Ariel Friedman
Stephanie Stark
Data, Privacy, and Cybersecurity
Matt Staples
Daniel Chen
Dantam Le
Chany Kim
Employment Law
Marina Tsatalis
Alison Genova
Quinn Christie
Regulatory
Anne Seymour
Seth Cowell
Josh Gruenspecht
UK Corporate
Ross Davies
Olivia Carrington
UK Benefits
Fleur Benns
Emilie Sylvester
UK Employment
Martin Luff
For more information, please see Socure’s news release.
