Tempe, Ariz.-based LifeLock Inc. said on March 14 that it acquired San Diego-based ID Analytics Inc. for undisclosed terms.
In a statement, LifeLock characterized the move as “a strategic acquisition that brings together a leader in consumer identity theft protection services with a leader in enterprise identity risk management.
“Together, LifeLock and ID Analytics will be able to help both consumers and enterprises manage their identity risk,” the company said.
In order to complete the acquisition, LifeLock said it raised more than $100 million in new preferred equity. All of LifeLock’s current significant insiders participated in the new round, including Bessemer Venture Partners, Goldman, Sachs & Co., Kleiner Perkins Caufield & Byers, Symantec Corp. and River Street Management. Other investors included Industry Ventures, Institutional Venture Partners, Keating Capital Inc. and CrossCreek Capital.
LifeLock and ID Analytics generated combined revenue in excess of $200 million in 2011.
ID Analytics will operate as a wholly owned subsidiary of LifeLock and will continue to operate under the leadership of its current CEO, Bruce Hansen.