Tech Company M&A Transactions
Simility Acquisition
Simility was purchased by PayPal. The transaction was announced on 6/21/2018. Purchase price was estimated to be $120 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/21/2018
Transaction Type
M&A
Amount
$120,000,000
M&A Terms
PayPal Holdings announced today that it has agreed to acquire Simility, a leading fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal's ability to deliver fraud prevention and risk management solutions to merchants globally.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
430 Sherman Ave. 212
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Website
Email Address
Not Recorded
Overview
Transform your fraud detection with Simility's intelligent platform, which combines the best of human analysis and machine learning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rahul Pangam
Chief Technical Officer
Kedar Samant
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About Our Venture Capital Transactions Database
Our team works diligently to document tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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