DENVER, CO - Headwaters MB advised ID Watchdog, Inc. (traded under the symbol IDW on Canada’s TSX Venture Exchange), a leading provider of consumer-facing identity theft protection and resolution services, on its sale to Equifax Inc. (NYSE: EFX) for approximately $63 million.
Based in Denver, Colorado, ID Watchdog leverages proprietary technology that searches billions of data points to detect changes in the personal identity profiles of each subscriber and provides immediate resolution services. In addition to providing identity theft protection and resolution services to the employee benefits market, IDW offers breach resolution, white label, wholesale and embedded programs.
The Acquisition closed August 10, 2017 (the “Effective Date”) and the Company's Ordinary Shares will be delisted from the TSX Venture Exchange as soon as practicable following the Effective Date. Trading in the Company's shares will be halted after the closing of trading today.
“Headwaters’ extensive network and intimate knowledge of potential buyers were invaluable in allowing the transaction team to quickly identify and engage a short list of highly qualified buyers. Headwaters did a terrific job in driving shareholder value and striving for an optimal outcome for the shareholder and the company. At every step in the process, Headwaters was professional, insightful and their access to an abundance of resources was invaluable in helping us to successfully execute the transaction”, said Jay Lewis, Chief Financial Officer, ID Watchdog, Inc.
Gary Moon, Managing Director and Head of Technology, Media and Telecom, commented, “The management team of ID Watchdog has done a stellar job growing the company – it’s been a privilege working with them and we are excited to watch them grow with Equifax.”
About ID Watchdog, Inc.
Headquartered in Denver, ID Watchdog is the only identity theft detection and resolution company that provides patent-pending, three-tiered comprehensive monitoring, detection and resolution for identity theft. Unlike its competitors, ID Watchdog proactively detects identity theft problems at their source. Developed with the assistance of national consumer advocacy groups; the U.S. Postal Service; federal, state and local law enforcement agencies, and state and local Attorneys General, ID Watchdog’s service is focused on detecting the source of identity theft problems as early as possible, in as many places as possible, and taking immediate corrective action on behalf of the consumer. For more information, please visit www.IDwatchdog.com.
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. The company organizes, assimilates and analyzes data on more than 820 million consumers and more than 91 million businesses worldwide, and its database includes employee data contributed from more than 7,100 employers. For more information, visit www.equifax.com.