GB Group, the leading identity management specialist, has acquired the customer registration and address management company Capscan.
The acquisition adds 54 people, robust technology and a client portfolio of more than 1,800 customers, which includes ASOS, Ocado and Virgin Wines. GB Group, whose gaming clients include Virgin Games, Million-2-1, Betfair, Probability and PartyGaming, has now undertaken three acquisitions in the last six months. Together the acquisitions should increase the revenue of GB Group to around £35m from £24m a year ago.
GB Group also recently announced that it had added Denmark and South Africa to its international Identity Verification service, bringing the number of people globally that it is able to verify online to around a billion.
GB Group CEO Richard Law said: “This is most definitely a case of the whole being greater than the sum of the parts. We have long-admired Capscan’s impressive history and client base as a rival. We are therefore excited to be bringing the Capscan and GB Group teams and product offerings together. Identity management is a fundamental enabler of online business and this acquisition significantly enhances GB Group’s strategy and prospects in this market.
“The global identity management opportunity is exciting. We know that businesses, especially those looking to trade online and exploit cross-border opportunities, are grappling with a multitude of trading and compliance challenges, especially in quickly emerging markets. Businesses want peace of mind that customer data can be instantly verified and captured accurately and also that they have the right level of insight to maximise customer profitability.”
