MARKET MOVEMENT
Ping Identity acquires SecuredTouch to accelerate identity fraud capabilities
Intelligent identity solutions vendor Ping Identity Holding Corp , has announced that it has acquired SecuredTouch , a fraud and bot detection and mitigation company .
SecuredTouch said by leveraging behavioural biometrics , Artificial Intelligence ( AI ), Machine Learning and Deep Learning , it will provide identity , risk and fraud teams unparalleled early visibility into potential malicious activity happening across digital properties . The company added that through sophisticated bot detection and account takeover protection , companies can leverage SecuredTouch to provide a more secure and seamless experience for their customers .
“ Identity isn ’ t just about knowing who customers are , it ’ s about knowing when someone is pretending to be a customer . As companies undergo massive Digital Transformation initiatives , the need for seamless , frictionless and secure identity solutions to confidently understand both those situations is imperative ,” said Andre Durand , Founder and CEO , Ping Identity . “ The acquisition of SecuredTouch accelerates our vision for cloud delivered intelligent identity solutions that combat malicious behaviour such as bots , emulators , and account takeover .”
Andre Durand , Founder and CEO , Ping Identity
Alasdair Rambaud , CEO , SecuredTouch , said : “ This is a defining moment for our industry as identity security and fraud come together . Ping Identity ’ s enterprise proven and robust platform provides the perfect foundation for SecuredTouch ’ s advanced fraud detection capabilities .”
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unisys buys Unify Square for US $ 152.5 million
Peter Altabef , Chair and CEO , Unisys
Unisys Corporation , a global IT solutions company , has announced that it has entered into an agreement to acquire Unify Square , a management provider for secure collaboration and communications platforms , for US $ 152.5 million on a cash-free , debt-free basis . Unisys is funding the transaction with cash on hand .
The deal will enable Unisys to leverage Unify Square ’ s Unified Communications as a Service ( UCaaS ) offerings to help advance its experience-focused digital workplace services solution set .
“ The acquisition of Unify Square will enhance Unisys ’ digital workplace services business to drive increased revenue growth and improved profitability and cash flow ,” said Peter Altabef , Chair and CEO , Unisys . “ The UCaaS market , in which Unify Square operates , is expected to be among the fastest-growing segments
of the digital workplace services market . Unify Square ’ s capabilities will enable Unisys to deliver higher-value solutions to its clients that enhance their productivity and employee satisfaction . The acquisition is expected to be accretive to adjusted EBITDA margin and adjusted free cash flow by 2023 , with a de minimis impact initially .”
John Case , CEO , Unify Square , said : “ Unisys and Unify Square hold a shared vision for how businesses can more easily adapt to the new reality of a hybrid workforce . Unify Square ’ s goal is to empower our enterprise clients with a complete set of software and services that allows them to provide seamless , secure experiences to employees . Together with Unisys , we will have a unique opportunity to help more enterprises thrive in this new digital workplace environment .”
58