Acuant acquires identity verification provider Hello Soda

Acuant has acquired Hello Soda, a global identity verification provider, know your customer (KYC), and anti-money laundering (AML) solutions.

According to Acuant, the acquisition will fortify its position in the digital identity market and strengthen its Trusted Identity Platform.

The Acuant-Hello Soda merger will also bring together powerful technologies in data science modeling and advanced analytics to enhance trust in digital identities.

“Our goal has always been to power trust for all, a vision we share with Hello Soda whom we are excited to welcome to the Acuant family,” said Yossi Zekri, president and CEO of Acuant.

“This is truly the most exhilarating time in our company’s history, coinciding with the disruption of traditional financial markets, the rapid digitalization of the world and the need for business and governments to help safeguard identity more than ever before. Adding Hello Soda to our Trusted Identity Platform will reach more people today and position us even stronger for the future of digital identity.”

With its proprietary analytics software, data science modeling, and machine learning (ML) algorithms, Hello Soda helps organizations make informed business decisions by delivering actionable insights.

The Hello Soda dark web solution reduces fraud risk by scanning over 600 million dark web records for signs of compromised personally identifiable information. Hello Soda’s other interesting solutions include ProfileiD and iDocufy.

ProfileiD analyzes customers’ digital footprint to automate user authentication “in sub-5 seconds.” iDocufy, on the other hand, verifies over 6,000 forms of government-issued identity documents.

“We could not be happier to join Acuant, bringing our talent, technology, network and expertise to strengthen all we have accomplished and to take our mutual vision further as a team,” stated James Blake, founder and CEO of Hello Soda.

“Our combined technology will serve us well in our joint mission to democratize trust and provide solutions to reach every sector of the global population, allowing every individual to conduct trusted transactions when and where they wish.”