- Neustar (NYSE:NSR-OLD) is acquiring caller authentication service assets from Transaction Network Services (TNS) for $220M, or $173M after accounting for tax benefits related to the deal.
- The deal is expected to close in Q4, and be financed with cash on hand. Neustar predicts the purchased assets will produce 2016 revenue of ~$60M, and declares they'll allow the company to "compete in the broad market for call authentication in mobile, broadband and wireless services with offerings that include subscriber data storage, database management, caller identification and verification services."
- The deal follows Neustar's $87M acquisition of Australian domain name registry provider Bombora Technologies. Neustar had $412M in cash at the end of Q2, and $779.3M in debt.