EverC Unites with G2 Risk Solutions in Strategic Combination
In a strategic move to strengthen the digital payments and e-commerce security landscape, AI risk classification platform EverC and G2 Risk Solutions (G2RS) have announced their merger. The transaction, expected to close in the third quarter of this year, will create a unified global leader in digital payments security, combining EverC’s advanced AI technology with G2RS’s deep expertise in risk and compliance.
Founded in 2015, EverC was established with the aim of bringing trust and security to the ecommerce ecosystem. G2RS, on the other hand, was founded in 1989 and has grown to offer solutions for merchant risk, digital commerce monitoring, transaction laundering detection, identity verification, bankruptcy risk, and regulatory data services. Both companies will continue to operate globally, with offices in the US, Europe, India, and Israel.
The merger aims to significantly enhance protection against sophisticated merchant and marketplace threats. By integrating EverC’s AI-driven risk insights and G2RS’s compliance monitoring, the combined entity will target faster, smarter identification and mitigation of evolving fraud methods affecting banks, merchant acquirers, international marketplaces, and online platforms.
The combined company will serve nearly every significant stakeholder in digital payments, fortifying e-commerce and digital commerce security on an unprecedented scale. Leveraging AI advances, the combined company will set a new market benchmark in merchant risk management, pushing technological boundaries and improving merchant portfolio performance globally.
G2RS CEO Brian Longe will lead the newly formed company, ensuring continuity and a smooth transition. Ariel Tiger, the CEO of EverC, will serve as an adviser through the end of the year during the transition into a single entity.
The partnership between EverC and G2RS will leverage EverC's AI capabilities and G2RS's risk and compliance capabilities in the payments risk ecosystem. EverC offers three products: Risk Insights, MerchantView, and MarketView. MerchantView, one of EverC's products, helps identify illicit activity to reduce and avoid fines.
In summary, the merger strategically positions the combined firm to address the growing complexity and sophistication of risks in the global digital payments and e-commerce sectors by uniting complementary technological capabilities and domain expertise to deliver comprehensive, AI-powered risk solutions at scale. This union aims to establish a new standard for innovation and accelerate robust risk management solutions across the payments ecosystem worldwide.
[1] EverC Press Release, "EverC and G2 Risk Solutions Merge to Form Global Leader in Digital Payments and E-commerce Security," [date], [URL] [2] G2RS Press Release, "G2 Risk Solutions Acquires WebShield Owner ZignSec AB," [date], [URL] [3] G2RS Press Release, "G2 Risk Solutions Partners with AI Risk Classification Platform EverC," [date], [URL] [4] EverC Demonstrates MerchantView at Fall 2021 Platform Event, [date], [URL]
- The merger between EverC and G2 Risk Solutions will combine their expertise in business, technology, and finance, aiming to establish a new standard for innovation in the digital payments and e-commerce sectors.
- By integrating EverC's AI technology and G2RS's risk and compliance capabilities, the combined company will provide comprehensive, AI-powered risk solutions to banks, merchant acquirers, international marketplaces, and online platforms.
