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PayPal Completes $120 Million Acquisition of Simility

PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility for $120 million. PayPal COO Bill Ready says each of these five recent acquisitions are part of the company’s effort to strengthen the services they provide to merchants. Simility was founded in 2014, they are based

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ThreatMetrix Acquires Australian Fraud Prevention Provider

Online fraud prevention provider ThreatMetrix announced their acquisition of TrustDefender, an Australian company specializing in secure browsing technology and malware protection, on January 10, 2012 for an undisclosed price. Read More

 
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