TransUnion has sold its Recipero business – which operates in both the UK and US – to its current management team.
The management buyout represents a return to independence for Recipero which was established in 2000 and has enjoyed consistent success providing data solutions to detect and prevent theft and fraud in the world’s mobile device communities.
“We’re very pleased to have agreed to this buyout with Recipero’s current management team, since the business no longer aligns with our global model,” said Satrajit “Satty” Saha, CEO of TransUnion UK. “With their experience in the business spanning two decades, and a track record of success, we’re confident that the company will continue to thrive. We will be working together in the future and wish them success in this exciting new chapter.”
TransUnion will continue to offer fraud and ID solutions using state-of-the-art technology, to help clients verify more customers and reduce the risks of fraud.
Recipero chief operating officer Les Gray said: “Having established a loyal client base over the years, spanning both public and private sector, we will continue to operate as we do currently, without any disruption. We welcome the opportunities that lie ahead for us as an independent business as we move into 2020.”
Steve Shepherd, Recipero’s chief technical officer added: “We’re looking forward to this exciting new start and will be developing our offerings to support crime reduction and due diligence as we embark on a new year and a new beginning.”
Recipero provides a range of solutions for both businesses and consumers for fraud prevention, crime investigation, device due diligence and more, with the management team committed to maintaining and enhancing their products and services.