Goldman Sachs-Led Consortium Acquires NYC Antifraud Firm

Goldman Sachs-Led Consortium Acquires NYC Antifraud Firm

December 30, 2020

Antifraud technology provider WhiteOps has been acquired by a group headed by the merchant banking division of Goldman Sachs. Along with ClearSky Security and NightDragon, which are also involved in the deal, Goldman Sachs had initially invested in the company earlier this year.

WhiteOps specializes in protecting businesses from bot attacks and digital fraud and abuse including account takeover attacks, new account fraud, fraudulent transactions and sensitive content scraping. The company said that, as society moved to digital this year amid Covid restrictions, it was called upon on behalf of its customers to "verify the humanity" of more than 10 trillion interactions per week.

"As fraud and abuse become increasingly prevalent across the digital ecosystem, enterprises and internet platforms require sophisticated threat protection now more than ever. White Ops has proven that it can stop fraud and abuse at tremendous scale," said Jay Leek, managing Partner of ClearSky. "We have spent a lot of time with their leadership team over the past year and have been impressed with the strength and quality of their platform. We look forward to partnering to continue to build on the Company’s leadership position in the industry."

Financial terms of the acquisition were not disclosed.

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