M&A Deal Summary

Mitek Acquires HooYu

On March 23, 2022, Mitek acquired internet software and services company HooYu for 98M GBP

Acquisition Highlights
  • This is Mitek’s 2nd transaction in the Internet Software and Services sector.
  • This is Mitek’s largest (disclosed) transaction.
  • This is Mitek’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-03-23
Target HooYu
Sector Internet Software and Services
Buyer(s) Mitek
Deal Type Add-on Acquisition
Deal Value 98M GBP
Advisor(s) GP Bullhound LLP (Financial)

Target

HooYu

London, United Kingdom
HooYu is a cloud-based platform for KYC & identity verification. HooYu blends ID document validation, online profile analysis, geo-location, facial biometrics, and identity confidence scoring with traditional database checks and PEPs and sanctions screening. HooYu was founded in 2015 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Mitek

San Diego, California, United States
Category Company
Founded 1986
Sector Software
Employees573
Revenue 173M USD (2023)
DESCRIPTION

Mitek is a provider of mobile capture and identity software solutions for customer acquisition. Mitek's patented mobile photo technology automatically captures images of financial and personal documents and then extracts relevant data. Mitek was founded in 1986 and is based in San Diego, California.

DEAL STATS #
Overall 6 of 6
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 ID R&D

New York, New York, United States

ID R&D is a provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. ID R&D’s solutions are available for easy integration with mobile, web, messaging, and telephone channels, as well as in smart speakers, set-top boxes, and other IoT devices. ID R&D was founded in 2016 and is based in New York City.

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