June 30, 2021 (Vancouver, Canada): GeoComply Solutions Inc. today announced that it has consolidated its iGaming, streaming media and fintech businesses under one brand, GeoComply. Prior to consolidation, its media and fintech businesses were managed under the GeoGuard brand. GeoGuard will continue as a product name for GeoComply’s award-winning VPN and proxy detection solution, in order to leverage its well-established name and reputation in the industry.
As part of the brand consolidation, GeoComply has a new visual identity strategy that reflects the success and momentum the company is achieving in its target markets. This is best illustrated in the redesign of the company’s website to highlight the benefits its industry leading geolocation security and compliance, customer identity verification and location fraud detection solutions are having on the iGaming, streaming media and online banking, payments and cryptocurrency markets. Continuous investment in product innovation and the extension of our core technologies to new industries, such as RiskGuard for fraud detection in the financial services industry, are central themes in the next phase of growth.
“The internet was never designed with the level of trust necessary for digital transactions and experiences to happen,” says Anna Sainsbury, Founder and Chairman of GeoComply. “GeoComply’s solutions provide that trust across the digital spectrum, to ensure fraud-free wagers are placed within legal territories, media content is protected from piracy and any kind of online financial transaction is guarded against fraud and bad actors. By consolidating under the GeoComply brand, we’re bringing the strength of our experience, expertise and award-winning technologies to bear on all areas of the digital world in order to empower the future of digital trust.”
GeoComply operates at the center of a new generation of cybersecurity companies, leveraging advanced geolocation intelligence and data to make better risk-based decisions. Working as a critical piece of the infrastructure for some of the world’s largest tech companies, GeoComply has become a global market-leader for geolocation security with a portfolio of fraud detection solutions that enhances existing fraud management technologies, providing an important component of the risk industries’ decision-making engine.
The company is investing and expanding rapidly into the fintech and financial services industry, applying its expertise and technology to solve the growing problem of online fraud, account takeovers, money laundering, terrorist financing and other financial crimes.
The brand consolidation and new visual identity comes on the heels of GeoComply’s recent announcement of a definitive agreement for a minority investment led by funds managed by Blackstone Growth and from Atairos. The partnership – which represents the first commitment of institutional capital to the company – aims to support GeoComply’s continued growth in its core markets and help accelerate expansion into new verticals. Revenues and employees are projected to double in 2021, with staffing levels to reach over 400 by the end of the year.
About GeoComply Solutions Inc.
Founded in 2011, GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user’s true digital identity. Our award-winning products are based on the technologies developed for the highly regulated and complex U.S. online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries, building an impressive list of global customers including Amazon Prime Video, BBC, Akamai, Sightline, DraftKings, FanDuel and MGM.
The company’s software is installed on over 400 million devices worldwide and analyzes over 3 billion transactions a year, placing GeoComply in a unique position to identify and counter both current and newly emerging fraud threats.
Proven and refined over 10 years of development, GeoComply’s solutions incorporate location, device and identity intelligence along with advanced machine learning to detect and flag fraudulent activity. By integrating GeoComply’s solutions into their processes and risk engines, organizations are able to identify fraud earlier in a user’s engagement, better establish their true digital identity and empower digital trust.
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