Relx splashes out $480m on fraud prevention firm Emailage - CityAM

Relx today said it has inked a deal to buy US startup Emailage for roughly $480m (£368m) as the publishing and analytics giant looks to boost its fraud prevention capabilities. Emailage, which uses machine learning technology to help clients spot fraud, is one of a number of businesses cashing in on a booming demand for cybersecurity software. Relx did not disclose the value of the deal, which was struck with its Lexis Nexis Risk Solutions division, but a source close to the company said it was roughly $480m. It is the latest in a string of acquisitions for the firm, which last month agreed to buy ID Analytics from Norton Life Lock in a deal worth $375m. Both firms are set to be integrated into Relx's Risk and Business Analytics -- its fastest-growing division.