Experian acquires fraud detection service 41st Parameter for £199.5m

Global information services company Experian had acquired 41st Parameter - a US-based leading fraud detection services - for $324m (£199.5m). (Release)

41st Parameter makes security products for online transactions, focusing on combating fraud around the opening of new bank accounts.

Of the deal, $14m (£8.6m)is subject to limited, to year earn-out provisions, which Experian will fund with existing cash resources.

Since 2002, Experian, which has 17,000 employees over 40 countries, has acquired or purchased 11 existing businesses, in addition to stake purchases.