Neustar Security Solutions will become a new portfolio company of Golden Gate Capital and GIC following the sale of its marketing, risk and communications solutions businesses to TransUnion.
“Backed by Golden Gate Capital and GIC, our security business will increase its agility and is now poised to aggressively scale its business and move into its next stage of growth,” said Neustar President and CEO Charlie Gottdiener.
After the completion of the TransUnion transaction, which is expected in the fourth quarter 2021, Golden Gate Capital and GIC will retain ownership of Neustar Security Solutions and continue to invest in the company’s growth as a provider of cloud-oriented security solutions. The business will continue to be driven by its leadership team.
“With an enhanced focus, Neustar Security Solutions will benefit from a targeted investment strategy, accelerating its business momentum and positioning the company to gain further share in a large, in-demand, and expanding market,” Gottdiener added.
Rishi Chandna, managing director at Golden Gate Capital, said the company has been impressed by the transformation of Neustar Security Solutions
“We are confident that Neustar Security Solutions has a bright future ahead and look forward to helping the company accelerate solutions for its customers and capitalize on the market’s massive tailwinds,” Chandna said.