FAQ: G2 Risk Solutions Acquisition of EverC - Key Details and Implications

What is the main announcement in this content?

G2 Risk Solutions has finalized its transaction with EverC, expanding G2RS’s global reach and adding proven AI-powered risk solutions to its product suite.

Why is this transaction significant for G2 Risk Solutions?

The acquisition adds EverC’s deep marketplace expertise and battle-tested AI capabilities to G2RS’s portfolio, strengthening their ability to fortify online marketplaces against escalating threats in global e-commerce.

What types of solutions does G2RS now offer with the EverC acquisition?

G2RS delivers a comprehensive suite of AI- and analyst-driven risk solutions including proprietary risk intelligence, merchant onboarding, continuous monitoring, education and professional services, scam detection solutions, automated risk management, and the recently launched Smart Scan AI-powered risk assessment tool.

Who are the target customers for G2RS’s expanded solutions?

G2RS’s products are built to help global banks, merchant acquirers, online marketplaces, and their payment providers strengthen defenses against fraud, scams, and illegal or unsafe transactions.

What geographic reach does G2RS now have?

G2RS now serves nearly every major payment provider worldwide from offices in the U.S., Europe, India, and Israel.

Who are the key executives mentioned and what did they say about the transaction?

Rochelle Blease, president of G2RS, stated that adding EverC’s expertise will fortify online marketplaces against escalating threats. Brian Longe, CEO of G2RS, said the combined organization will leverage proven AI and unrivaled expertise to raise industry standards for e-commerce risk innovation.

What is Smart Scan and how does it fit into G2RS’s offerings?

Smart Scan is a recently launched AI-powered risk assessment tool for marketplaces and their payment providers, now part of G2RS’s expanded product suite following the EverC acquisition.

Were the financial terms of the deal disclosed?

No, the mission-focused companies have agreed not to publicly disclose the financial terms of the deal.

Which advisors were involved in supporting this transaction?

The transaction was supported by DLA Piper LLP (legal advisor to G2RS), PJT (financial advisor to G2RS), Deutsche Bank (financial advisor to EverC), and Meitar (legal advisor to EverC).

Where can I find more information about G2 Risk Solutions?

To learn more about G2 Risk Solutions, visit g2risksolutions.com.