Experian buys U.S. fraud detection firm for $324 million

LONDON Tue Oct 1, 2013 11:55am IST



LONDON (Reuters) - Experian (EXPN.L), the information services group, has agreed to buy United States fraud detection group The 41st Parameter for $324 million, the firm said on Tuesday.

The British group said it would fund the deal from existing cash resources.

Experian said the deal extends its presence in the fraud prevention market, complementing its existing activities in fraud detection and online authentication.

(Reporting by James Davey; editing by Kate Holton)