OpSec Security, a provider of anti-counterfeiting and brand protection services, is set to acquire the MarkMonitor brand protection, antipiracy and antifraud business from Clarivate Analytics plc, a London- and Philadelphia-based analytics company. Clarivate will retain the MarkMonitor Domain Management business.
OpSec Security CEO Richard Cremona said in a statement, "Integrating MarkMonitor's industry-leading online brand protection program into OpSec's solution portfolio expands and strengthens our commitment to helping brands combat the rising problems of piracy, fraud, counterfeiting and diversion for both the offline and online world."
Guggenheim Securities LLC is serving as exclusive financial adviser to Clarivate and Holland & Knight LLP is serving as legal counsel to Clarivate for the transaction.
The transaction is expected to be completed by the end of 2019.