Morrison & Foerster is advising iovation, one of the most advanced providers of device-based information in the world, in its acquisition by TransUnion. The deal, which is subject to regulatory approval, is expected to close late in the second quarter or early in the third quarter.
Founded in 2004, Portland-based iovation helps brands protect their end users against online fraud and abuse. iovation pioneered the device intelligence industry and provides a highly advanced digital device reputation consortium, with insight into nearly 5 billion unique devices from more than 35,000 leading brands across more than 50 countries. With technologies that can dynamically identify new fraud patterns as they emerge, TransUnion and iovation’s combined solutions will empower customers to quickly incorporate and adapt strategies to the fast-changing and evolving fraud landscape.
The deal team is led by corporate partners Eric McCrath (San Francisco) and Tyler Sewell (Denver), and also includes corporate associates Chere See (New York) and Sara Uz (San Francisco); technology transactions partner Tessa Schwartz (San Francisco) and associates Justin Haan (San Francisco) and Kyun Saiidnia (San Francisco); tax partner David Strong (Denver) and associate Joseph Tucci (Denver); compensation and benefits partner Dom Bozzetti (New York) and counsel Amanda Hines Gold (San Francisco) and Ali Nardali (San Francisco); privacy partner Julie O’Neill (Washington, D.C.) and associate Melissa Crespo (New York); antitrust partner Jeff Jaeckel (Washington, D.C.) and associate Marcie Brimer (Washington, D.C.); and employment and labor of counsel Chip Aubry (San Francisco).
You may view a press release with more details on the transaction.