Acuant is based in California and it specializes in identity verification and Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. The acquisition, which is expected to close by the end of the month, will help GBG further expand into the United States.

GBG says Acuant’s product suite complements the services provided by its US-based subsidiary IDology.

The combined company has a revenue of roughly £265 million ($355 million), and more than 25,000 enterprise customers around the world.