Announced
Completed
Financials
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United States
document verification
Auto Technology
Acquisition
Domestic
Private
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Completed
Friendly
Single Bidder
Synopsis
Socure, a provider of digital identity verification solutions, completed the acquisition of Berbix, a startup that developed a high-accuracy document verification solution, for $70m. “There’s a perception among users that all document verification solutions perform the same, but after testing several offerings in the market, we found this to be categorically false. In fact, we found endless examples of other vendors in the market providing inaccurate stats that just couldn’t be validated. I don’t blame users for their lack of faith here,” Johnny Ayers, Socure Founder and CEO.
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