Permira acquires Israeli fraud prevention provider BioCatch
05/02/24, 6:05 PM
Location
london
tel avivIndustry
venture capital
machine learning
artificial intelligence
software
Permira, a private equity company, has acquired BioCatch, an Israeli fraud/financial crime prevention provider. The deal values BioCatch at $1.3 billion and comes amid a rising demand for fraud prevention solutions.
Company Info
Location
London, England, United Kingdom
Company info
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with assets under management of approximately US$65bn (€58bn) and makes long-term majority and minority investments. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. The Permira funds have an extensive track record in tech investing, having invested US$17.1bn in 60 companies across enterprise cloud adoption, SaaS, fintech and online marketplaces. Permira employs over 360 people in 16 offices across Europe, North America, and Asia.