Socure Acquires Berbix
June 27, 2023
Socure has acquired San Francisco–based identity verification startup Berbix in a cash-and-stock transaction valued at about $70 million. The deal integrates Berbix's document-forensics and extraction technology into Socure's platform to launch Predictive DocV 3.0, enhancing accuracy, speed, and international document coverage while accelerating product capability and market expansion.
- Buyers
- Socure
- Targets
- Berbix
- Industry
- Cybersecurity
- Location
- California, United States
- Transaction Type
- Buyout
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