Boston – December 7, 2016 – Cooley advised mobile digital intelligence company InAuth on its sale to American Express.
InAuth will operate as a wholly-owned subsidiary of American Express. The acquisition follows an investment made in InAuth earlier this year by American Express Ventures, the strategic investment arm of American Express. Cooley also advised InAuth on that earlier investment.
According to an American Express issued press release, the acquisition “positions the company to capture new opportunities as more consumer activity – from payments to account origination and servicing – moves to digital channels."
InAuth’s technology is used by some of the largest financial institutions, banks, payment networks and merchants to reduce risk and help identify potential fraud utilizing its mobile-first device authentication capabilities.
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