Overview of Transaction

• On December 10, 2024, RELX (LSE:REL) announced that it has entered into an agreement to acquire IDVerse, a provider of AI-powered automated document authentication and fraud detection solutions
• IDVerse will become a part of LexisNexis Risk Solutions Business Services
• Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes
• IDVerse’s proprietary technology is powered by a deep neural network which verifies the authenticity of identity documents and, with consumer consent, matches faces to these documents using liveness detection for identity verification
• The technology is capable of verifying more than 16,000 types of identity documents globally across organizations in various industries and the public sector
• RELX is a global provider of information-based analytics and decision tools for professional and business customers, headquartered in London, United Kingdom with offices in about 40 countries
• LexisNexis Risk Solutions is renowned for leveraging advanced technology, analytics and global data networks to provide organizations with critical risk insights

Transaction Rationale

• LexisNexis Risk Solutions has delivered document authentication solutions since 2005. Combining IDVerse's advanced technology with its existing complementary offerings represents a natural evolution in addressing AI-generated fraud
• IDVerse’s solutions are already available through LexisNexis Risk Solutions’ platform, pursuant to a pre-existing alliance agreement; the acquisition will integrate IDVerse’s capabilities across solutions and will enhance customer readiness for future fraud threats through advanced AI-powered solutions

FT Partners' Role

• FT Partners served as the exclusive strategic and financial advisor to IDVerse
• This transaction underscores FT Partners’ position as the leading adviser to FinTech companies globally as well as its ability to generate positive outcomes across the Fraud Prevention, Risk and Data Analytics space