BehavioSec® Announces Acquisition by RELX
Gunderson Dettmer represented client BehavioSec ®, an advanced behavioral biometrics technology provider, in its acquisition by RELX, a global provider of information-based analytics and decision tools for professional and business customers. BehavioSec’s technology uses behavioral analysis authentication to establish identity trust and help prevent fraud. The company will join the Business Services group within LexisNexis ® Risk Solutions, a part of RELX, to enhance its device and digital identity-focused offerings.
In the announcement of the transaction, CEO of BehavioSec Dr. Neil Costigan said, “I am looking forward to discovering the next phase in the evolution for behavioral biometrics alongside a successful, innovative company looking to further evolve our advanced capabilities.”
The Gunderson deal team was led by corporate partner Daniel Green and included corporate associates Damon Zhangchai, Mahfouz Basith, and Maurice Osei, M&A associate Matt Martinez, Tech/IP partners Aaron Fiske and Anna Westfelt and associates Frida Alim and Alice Lu, Tax/Fund partner Mark Foster and associate Sienna White, of counsel Craig Olshan and Executive Compensation associate Sofia Rattes, and Labor & Employment partner Natalie Pierce and associate Jeff Salomon.