Equifax Acquires ID Watchdog

Equifax Acquires ID Watchdog
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Leading consumer credit reporting company, Equifax, Inc., has acquired ID Watchdog, a company that provides identity theft protection products. Sources have indicated that the transaction of this acquisition is around $63 million and is an all-cash deal. There was a major shareholder meeting at ID Watchdog, where 96% of members approved the acquisition. According to the terms of the acquisition, the shareholders of ID Watchdog will receive a cash compensation of $0.40 per “ordinary” share, which is the regular Per Share Consideration.

As the acquisition process culminates, the company’s ordinary shares will be delisted from TSX Venture Exchange and trading in these shares will cease. The two companies were represented by their financial and legal advisors. ID Watchdog was represented by financial advisor Headwaters MB and legal advisors Polsinelli PC, Fogler, Rubinoff LLP and Walkers. Equifax’s legal advisor is King & Spalding LLP.

The company has hired a payment administrator to facilitate the payment of per share consideration. The shareholders will receive a notification from the payments administrator with details on accessing an online portal to complete formalities of transmittal before they can receive payment of the Per Share Consideration.

ID Watchdog is an award-winning identity theft protection company that provides an array of products and services to the employee benefits sector. The company was formed in 2005 and it works on its own proprietary technology for creating the solutions that it offers. The company owns six different awards from the industry for its identity protection software and services.

Equifax is a global information services company that provides consumer credit reporting. The company uses data from trusted sources as well as analytics and technology to churn out information and ratings on consumers. Equifax provides information on 820 million consumers and more than 91 million businesses globally.


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Anirudh Menon
Anirudh Menon
I have adorned multiple hats during my professional journey. My experience of 14 years comes in areas like Sales, Customer Service and Marketing. My journey as a professional writer started 5 years back, when I started writing for an in-house magazine for my employer. Having successfully delivered many in-house projects, it encouraged me to take my skill to the world. As on day, I have written articles, blogs website content for various industries like Information Technology, Start-up, Retail and Government. The subjects that I have covered range from Digital Marketing, SAP Cloud Platform, Cloud Computing, Content Marketing , Politics. Enhancement is a process and I constantly thrive to add more subjects in my portfolio. Over and above content writing, I also train language and communication to students who want to brush up their speaking skills. I am a part time trainer for IELTS coaching and also work as a budding voice over artist.

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