The Allstate Corporation, firm offering a broad array of protection products through multiple brands and diverse distribution channels, has closed its acquisition of InfoArmor Inc, a leading provider of employee identity protection coverage. The offer values entire company at $525 million. “Allstate’s acquisition of InfoArmor gives us another innovative high-growth business to further expand our portfolio of protection products and services. Identity theft is a growing problem, and this enables us to protect more people from life’s uncertainties. Consumers are increasingly at risk of having their digital identities compromised, and InfoArmor is the go-to identity protection company in the employee benefits market. This acquisition allows us to further broaden the Allstate Benefits business, which already serves more than 4 million employees.” Tom Wilson, Alstate Chairman, President and CEO