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TransUnion (NYSE: TRU) has announced its agreement to acquire iovation. The nuts and bolts of the transaction are spelled out in the press release.

At its core, the announcement represents a great opportunity for iovation and TransUnion to combine technology strategies and stay ahead of the ever-evolving fraud and consumer authentication landscapes.

TransUnion is a sophisticated, global risk information provider that helps companies make smarter decisions. And for years iovation has been making the internet a safer place by recognizing any online device and understanding its risk and reputation. Their common enemy: fraudsters.

By combining the strengths of iovation and TransUnion, they are positioned to create a safer digital world for all. TransUnion and iovation’s complementary assets will provide increased global scale, and accelerate new innovations in the areas of fraud prevention, consumer authentication, and the convergence of online and offline identities.

So, what happens now? Pending approval by regulatory agencies, this transaction is expected to close in the next four to six weeks. For iovation’s employees, there will be no layoffs, no relocations, no changes to leadership. The only change will be an improved ability to fight fraudsters and help businesses stay ahead of evolving threats.

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