December 12, 2015
Thursday, December 10th: Trustev, a global provider of digital verification technology to multiple industries, was acquired by one of its investors TransUnion for $21 million. Both companies made an announcement in regard to the acquisition and shared their excitement.
The acquisition closed on December 9 with TransUnion paying the whole sum in cash. Moreover, TrustUnion will inject another $23 million once Trustev achieves the specified retention, revenue and EBITDA targets through 2018.