InfoArmor Acquired By Allstate For $525M
Scottsdale, Arizona-based InfoArmor, which provides employee identity protection services, has been acquired by The Allstate corporation, Allstate announced this morning, in a deal worth $525M. Allstate said the all-cash deal will help it accelerate its expansion into the identity protection area. InfoArmor provides identity protection to more than 1 million employees and their family members at over 1,400 firms, according to Allstate. John Schreiber is CEO of InfoArmor. InfoArmor was previously backed by private equity investor Summit Partners.
posted on Monday, August 27, 2018
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