Reston, Virginia-based digital data security company Neustar will be acquired by credit reporting company TransUnion in a deal valued at $3.1 billion.
Neustar, which relocated its headquarters and about 400 jobs to Reston Station two years ago is being sold to Transunion by investors including Golden Gate Capital. The acquisition expands TransUnion鈥檚 digital identification verification business.
Neustar will generate approximately $575 million in 2021 revenue and will add to TransUnion鈥檚 earnings by 2023, the companies said.
The acquisition is expected to close in the fourth quarter of this year.
鈥淎s digital commerce continues to grow globally, TransUnion鈥檚 powerful digital identity assets enhanced by Neustar鈥檚 distinctive data and digital resolution capabilities, will enable safer and more personalized online experiences for consumers and businesses,鈥� said TransUnion CEO Christ Cartwright in a statement.
Neustar鈥檚 security business is not included in the acquisition. It will become part of Golden Gate Capital鈥檚 existing portfolio of businesses.
Neustar was originally part of Lockheed Martin before being spun out as a separate company. It acquired Reston-based VeriSign鈥檚 security services contracts in 2018.
Neither company has yet said what the acquisition will mean to Neustar鈥檚 headquarters location or its leadership.
