Published:
Leading British Identity Expert Enters US Market
LONDON, May 16 /PRNewswire/ --
- Opens New York Office, Secures Major US Distribution Deal and $5
Million of Extra Finance
Garlik, a leading international technology innovator and identity expert,
today took significant steps into the US market by opening aNew York office,
securing an additional $5 million in funding and signing a major distribution
deal withMinneapolis-based CPP North America. CPP North America, a market
leader in life assistance products, boasts over 11.3 million customers across
North America,Europe andAsia.
The US launch of Garlik comes as identity theft continues to strike
millions. Last year identity fraud affected 8.1 million Americans and cost
the US economy $45 billion.
Deploying leading edge semantic web technology, Garlik enables consumers
to find, understand and manage personal information that appears online.
Garlik's service is the world's first designed specifically to counter the
growing global threat of ID theft where fraudsters exploit the wealth of
personal information available online to manufacture identities illegally.
The partnership with CPP North America marks the first large-scale deal in
North America to distribute DataPatrol, Garlik's revolutionary debut product.
Garlik, created by the founders of the world's first internet bank Egg,
has secured the additional funding to bolster their move into the American
market. Through the deal, Noble Venture Finance joins existing investors 3i
and Doughty Hanson in supporting the expansion into the US. This financial
commitment to Garlik's worldwide growth follows the success of its DataPatrol
business in theUnited Kingdom.
Tom Ilube, Garlik CEO, said: "Today marks an exciting step in Garlik's
development as the worldwide leader in protection against online identity
theft. The additional investment from 3i, Doughty Hanson and Noble Venture
Finance, and the partnership with CPP North America vividly demonstrates
Garlik's evolution, ready to expand beyondEurope across the globe. With
Garlik's Park Avenue,New York, office open for business, we are well
positioned to bring fresh ideas to the fight against ID theft in theUSA."
Dave Pearce, CPP North America Managing Director, added: "We are thrilled
to be entering into this partnership with Garlik, the market leader in the
fight against identity theft. By taking this step, we are ensuring our
customers and clients across America have access to state of the art life
assistance products, including identity theft protection."
DataPatrol defends and protects an individual's digital presence across
billions of web pages and it scours the deep web for critical personal
information such as credit cards and social security numbers that may have
been compromised.
About Garlik
Garlik, the online identity expert, is headquartered inLondon and has a
US operation based inNew York City. The company was founded by Mike Harris,
founding CEO of Egg plc, former Egg CIO Tom Ilube and former British Computer
Society president Professor Nigel Shadbolt. As the first company to develop a
web-scale commercial application of semantic technology, Garlik enables
consumers to find and understand what personal information is in the public
domain about them and manage how their identities appear online.
Garlik has appointed a panel of world-class ID protection and technology
experts to advise the business including Professor Wendy Hall CBE from the
University of Southampton, Sir Tim Berners-Lee, the inventor of the Web,
Simon Davies, director of Privacy International and Daniel Cooper, renowned
privacy lawyer with Covington & Burling. In January 2008, Garlik was selected
as a World Economic Forum,Davos, Technology Pioneer.
Garlik is backed by three of the UK's leading blue chip investment firms,
3i, Doughty Hanson and Noble Venture Finance.
Garlik is headquartered inLondon and has a US operation based inNew
York City.
About CPP North America, LLC
CPP North America LLC is a wholly-owned subsidiary of CPP Group PLC, a
leading international provider of assistance products and services with a
worldwide base of more than 11.3 million customers. Operating inAsia,Europe
andNorth America, CPP has a reputation for anticipating and responding to
customers' needs, and is committed to creating profitable partnerships across
each of the industries it serves. CPP Group's international headquarters is
located inYork, England; its North American headquarters is located in
Minneapolis, MN.
SOURCE Garlik
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