Leading British Identity Expert Enters US Market

- 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

Copyright © 2009, PRNewswire
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Copyright © 2009, NewsBlaze, Daily News

Tags: ,CPR,HTS,PDT,RCN,Garlik

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