M&A Deal Summary

Prove Acquires UnifyID

On June 1, 2021, Prove acquired software company UnifyID

Acquisition Highlights
  • This is Prove’s 1st transaction in the Software sector.
  • This is Prove’s 1st transaction in the United States.
  • This is Prove’s 1st transaction in California.

M&A Deal Summary

Date 2021-06-01
Target UnifyID
Sector Software
Buyer(s) Prove
Deal Type Add-on Acquisition

Target

UnifyID

Redwood City, California, United States
UnifyID is a mobile-based passive authentication and behavioral biometrics. UnifyID makes authentication better for users not only in terms of security but also in terms of user experience via the first implicit authentication platform. UnifyID was founded in 2015 and is based in Redwood City, California.

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Buyer(S) 1

Buyer

Prove

New York, New York, United States

Category Company
Founded 2008
Sector Information Technology
DESCRIPTION

Prove is a technology company's modern way of proving identity with just a phone number and is used by over 1,000 enterprises and 500 financial institutions worldwide, including 9 of the top 10 US banks. With 1 billion+ consumer and small business identity tokens under continuous management, Prove’s phone-centric Identity platform helps companies mitigate fraud while accelerating revenue and reducing OPEX across mobile, desktop, tablet, contact center, and in-store channels. Prove’s omnichannel solutions are available in 195 countries. Prove was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1