Most of Reston information services and technology company Neustar Inc. will be acquired by credit reporting giant TransUnion LLC (NYSE: TRU), the companies announced Monday.
Neustar’s private equity owners, led by Golden Gate Capital, have agreed to sell the marketing, fraud and communications businesses of the company to the Chicago firm for $3.1 billion in cash, according to the announcement. The transaction is expected to close in the fourth quarter.
The transaction does not include Neustar’s cybersecurity business, which will be dubbed Neustar Security Solutions and remain a portfolio company of San Francisco’s Golden Gate and GIC, the Singapore sovereign wealth fund that helped take Neustar private in 2017.
Neustar, a legacy telecommunications company whose bread and butter used to be helping mobile phone customers transfer their phone numbers and route calls, has expanded significantly in the past decade into the information, marketing analytics and cybersecurity spaces.
TransUnion…Read the full story from the Washington Business Journal.