IBM Acquires Iris Analytics

IBM LOGOIBM (NYSE: IBM) acquired Iris Analytics, a Koblenz, Germany-based company specializing in real-time analytics to help combat payment fraud.

The amount of the deal was not disclosed.

The acquisition will allow IBM to expand combination its Counter Fraud capabilities and create a comprehensive solution for real time payment fraud prevention.

Founded in 2007 and led by Constantin von Altrock, Chief Executive Officer, Iris provides technology and consultancy services to the payments industry to beat electronic payment fraud. Its a real-time analytics engine powers real-time fraud scoring across the full range of electronic payment channels, including credit, debit, prepaid, online and mobile to enable payment processors, switches, payment service providers, wallets and issuers across the world to analyze and respond to complex fraud patterns in real time.



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