Scottsdale, Arizona, August 11, 2013 – InfoArmor, Inc. is pleased to announce the acquisition of Aggra, Inc. Operating under the trade name PwnedList (pronounced “owned list”), Aggra is now a wholly owned, fully consolidated subsidiary of InfoArmor. The cash and stock transaction is expected to be accretive to InfoArmor’s 2014 earnings per share.
Aggra, co-founded in 2011 by Stephen Thomas and Alen Puzic, has rapidly grown into a leading harvester of information from corporate data leaks. Aggra owns and manages a database of over 110 million breached credentials, and has assisted many large corporations in mitigating the risk of compromised email addresses and passwords. “We are excited about the accelerated growth potential that the InfoArmor distribution platform brings to our credentials monitoring service,” said Stephen Thomas, who will continue managing the day-to-day operations of the new subsidiary.
InfoArmor, which provides industry leading B2B identity monitoring services to nearly a half million subscribers, will benefit from the business development and technology expertise of Thomas and Puzic. “InfoArmor could not be more pleased to welcome Stephen, Alen, and the PwnedList team. We believe their powerful, proprietary database will further differentiate and improve our flagship PrivacyArmor service while fueling growth in our employee benefits and wholesale business segments,” said John Schreiber, InfoArmor President & CFO.
About InfoArmor: InfoArmor is a leader in offering identity protection and privacy management solutions to businesses. By focusing on employee benefits, InfoArmor provides a turn-key, value-adding benefit with easy employer administration. Rather than solely focusing on credit fraud, InfoArmor uses industrial strength technologies to enable consumers and businesses alike to monitor and identify a broad range of fraudulent activity. For more information, visit http://www.infoarmor.com.
About PwnedList: Since 2011, PwnedList has been monitoring dozens of hacker forums, hundreds of hackers, thousands of data leaks, and hundreds of thousands of postings to identify and collect tens of millions of stolen credentials a year. PwnedList relies on a team of security professionals with decades of experience working in the hacker community. PwnedList was one of the first companies to find one of the largest data leaks, Gamigo, with over 8 million credentials.
Amy Thomas, Director of Marketing
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