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MasterCard to Acquire NuData Security

At the end of March, MasterCard announced they had entered into an agreement to acquire NuData Security, the behavioral biometric and behavioral monitoring vendor based in Vancouver, Canada, for an undisclosed amount. A pioneer in the behavioral monitoring space, NuData offers MasterCard valuable technology and patents related to performing authentication covertly across all types of devices. This was the third major acquisition of a risk management solution provider by a card association in less than six months, and the second time that has happened in the past six years.

Maybe it’s coincidence, but things tend to come in three’s. After Visa acquired CardinalCommerce and American Express acquired InAuth, each in December, 2016, MasterCard announced a major risk management acquisition before the end of the first quarter. It’s not the first time the three have acquired major risk vendors around the same time. In 2010 Visa acquired CyberSource for $2 billion, MasterCard purchased DataCash for $520 million, and American Express acquired Accertify for $150 million. While terms from each of these acquisitions were public, the financial terms have not been disclosed for the three more recent deals announced by these card associations.

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