Investcorp Technology Partners has agreed to purchase an equity stake in CSIdentity, an identity theft and fraud protection service based out of Austin, Texas. Ivestcorp’s Fund III has invested $35 million in the company which services the U.S. with identity and theft software solutions and datasets.
With identity theft a fast growing crime, the market for CSIdentity is predicted to grow over 20% per year servicing everyone from multi-billion dollar corporations and government agencies to small businesses and consumers across every U.S. state.
CSIdentity targets all contributing factors of identity theft. Services include identity validation, complete background screenings, voice biometric identity verification and data breach management.
CSIdentity’s solutions are used by Fortune 100 financial institutions, public pension funds, telecommunications companies as well as more than 2 million U.S. citizens.