Market Overview

EZShield Acquires IdentityForce

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Acquisition Unites Two Powerhouses in Digital Identity Theft
Protection and Cybersecurity

EZShield,
a portfolio company of The
Wicks Group
("Wicks") and the leader in digital identity protection
and resolution, today announced it has acquired IdentityForce,
the #1
rated identity theft protection provider
for businesses and
consumers. The acquisition expands EZShield's identity protection
ecosystem by nearly 50 percent, providing partners in every industry,
businesses of all sizes, and consumers with the most secure capabilities
and rapid restoration services. The pervasiveness of cyber fraud
incidents and data breaches is estimated to cost $6
trillion annually
by 2021.

"IdentityForce is a trusted, top-ranked leader in identity theft
protection and their business is comprised of a highly customer-centric
team of experts who are committed to combating identity theft," said Dale
Dabbs
, President and CEO of EZShield. "Whether it's EZShield's focus
on exceptional customer service or robust cybersecurity tools, or
IdentityForce's award-winning mobile app and Social Media Identity
Monitoring features, our companies bring unique and in-demand
capabilities to fraud protection. Together, EZShield and IdentityForce
will continue to deliver best-in-class solutions that raise industry
standards in digital identity theft protection and cybersecurity."

IdentityForce was co-founded by siblings Steven Bearak (CEO) and Judy
Leary (President) in 2005. Since then, IdentityForce has grown to serve
consumers, businesses, and governmental agencies. EZShield was launched
in 2001 to help consumers and small businesses defend themselves against
financial and payment fraud. Today, EZShield protects U.S. consumers and
small businesses against fraud and identity crimes by partnering with
enterprises, financial institutions, insurance companies, benefits
providers, and warranty companies. Both companies share a powerful
commitment to educate and develop identity crime prevention strategies.
For example, EZShield sponsors the website, Fighting
Identity Crimes
, and IdentityForce offers consumers and businesses
tips via its consumer
and business
blogs, monthly
protection newsletter
, and an annual eBook: Protecting
What Matters Most
.

"This acquisition unites two best-in-class leaders focused on
world-class support with solutions built on integrity, security, and
trust," said Bearak,
CEO of IdentityForce. "As cybercrimes increase in number and complexity,
our combined expertise and our superior Customer Satisfaction (CSAT)
ratings will enable us to provide the greatest digital security measures
available. That's our commitment to our customers."

"We're thrilled to bring these two companies together, with the goal of
creating a combined identity protection and cybersecurity powerhouse,"
said Daniel
L. Black
, Managing Partner at Wicks. "As we continue to educate
businesses and consumers about protecting both their identity and their
data, we're excited about the acceleration plans ahead for EZShield and
IdentityForce. This collaboration also makes tremendous financial sense.
We expect to evaluate more meaningful acquisitions and organic growth
opportunities as this sector undergoes rapid expansion."

"The threats against identities and data are more significant than ever,
and as such, the need for protection has never been greater.
IdentityForce and EZShield are leaders in the identity protection space,
and their consistently strong performance in Javelin's ratings is a
testament to their deep understanding and appreciation of the threat
landscape and the needs of customers," said Al Pascual, SVP and Head of
Fraud & Security at Javelin
Strategy & Research
.

Dabbs and Bearak provide their perspective regarding the acquisition:

  • Read the EZShield blog here.
  • Read the IdentityForce blog here.

About EZShield

EZShield helps trusted partners protect their most valuable asset –
their customer relationships — through secure, digital identity
protection and resolution services that enhance the value of existing
products. The company is consistently recognized by Javelin as a leader
in Identity Protection
. Owned by the Wicks Group of Companies,
L.L.C., EZShield supports thousands of financial
institutions
through its award-winning
solutions, delivered on a secure, flexible platform that is backed by
best-in-class customer support. Follow EZShield on Twitter,
become a fan on Facebook,
engage with us on LinkedIn,
and join us on Google+.
Learn more at www.ezshield.com.

About IdentityForce

For 40 years, IdentityForce, Inc. has provided best-in-class, highly
scalable, award-winning identity theft, privacy and credit protection
solutions to consumers, businesses, and government agencies. With
IdentityForce, members benefit from the most robust and award-winning
identity protection, going as deep as Dark
Web monitoring
to keep personal information safe. A pioneer of
identity protection, IdentityForce's innovation and customer-centric
approach has made the company a trusted partner for both organizations
and individuals. IdentityForce also provides custom-tailored programs to
organizations enabling them to build closer relationships and additional
revenue streams. In 2015, the U.S. government awarded IdentityForce
elite Tier One status as an approved provider of identity protection
services for data breaches affecting over 21.5 million people. Follow
IdentityForce on Twitter,
become a fan on Facebook,
engage with us on LinkedIn,
and join us on Google+.
Learn more at www.identityforce.com.

About The Wicks Group

The Wicks Group is a private investment firm based in New York City that
invests in lower middle market information businesses that create and
deliver niche content and services to the business, consumer and
education markets. Since its founding in 1989, Wicks has invested
over $1 billion of capital in more than 30 platform companies and
approximately 100 add-on acquisitions. The firm has applied a consistent
investment strategy since its founding, partnering with high-quality,
experienced management teams to build businesses organically and through
acquisitions. Learn more at www.wicksgroup.com.

©2018 EZShield Inc. and IdentityForce, Inc. All other trademarks or
trade names are properties of their respective owners.

All
rights reserved.

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