M&A Deal Summary

Socure Acquires Berbix

On June 27, 2023, Socure acquired internet software and services company Berbix for 70M USD

Acquisition Highlights
  • This is Socure’s 1st transaction in the Internet Software and Services sector.
  • This is Socure’s largest (disclosed) transaction.
  • This is Socure’s 1st transaction in the United States.
  • This is Socure’s 1st transaction in California.

M&A Deal Summary
Date 2023-06-27
Target Berbix
Sector Internet Software and Services
Buyer(s) Socure
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Berbix

San Francisco, California, United States
Berbix is a startup that developed a high-accuracy document verification solution with a patent-pending forensics engine able to detect spoofed IDs including AI-generated fakes that are visually indistinguishable to the human eye. Berbix is based in San Francisco, California.

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Buyer(S) 1

Buyer

Socure

Incline Village, Nevada, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Socure is a predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real-time. Socure is based in Incline Village, Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
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