TransUnion To Acquire Reston-Based Tech Firm Neustar For $3.1B

Reston VA

14 September, 2021

4:50 PM

Description

RESTON, VA — Reston-based Neustar Inc. will be acquired by credit reporting company TransUnion for $3.1 billion, the companies said Monday. Neustar, an identify-theft and fraud solutions company, is on track to generate about $575 million of revenue in 2021. The deal is expected to be completed during the fourth quarter of 2021, the companies said in a news release. Neustar is being sold to Chicago-based Transunion by investors, including Golden Gate Capital. Neustar's security business is not included in the acquisition. It will become part of Golden Gate Capital's existing portfolio of businesses. Two years ago, Neustar completed a deal to relocate and consolidate its headquarters from Sterling to Reston. Neustar moved about 400 employees to Reston from its two Sterling locations. The company selected the Reston location due to its proximity to the Wiehle-Reston East Metro station and the building's design. Nearby restaurants and shops in the larger Reston Station development also played a role. The companies did not disclose on Monday how the deal will affect the employees who work in Neustar's headquarters location in Reston. RELATED: Neustar To Move Headquarters Out Of Sterling