After years of bootstrapping, Global Data Consortium is now being being sold to the UK-based London Stock Exchange Group (LSEG) in a deal estimated to be in the hundreds of millions. Here’s a behind-the-scenes look at one of the largest private deals to come out of the Triangle in recent years.
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Global Data Consortium (GDC), the global identification verification platform led by Bill Spruill and Charles Gaddy, confirmed on Tuesday that it has been acquired by the UK-based London Stock Exchange Group (LSEG). Find out more here.
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Global Data Consortium, a digital identity verification platform, is the first company to be featured In a new multimedia series, produced in conjunction with Innovate Raleigh, spotlighting homegrown Raleigh companies tipped to become tomorrow’s “homegrown” unicorns, companies valued at $1 billion or more before going public. Read more here.
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Since 2016, Global Data Consortium has been growing around 120 percent year over year. They currently cover 70 countries, and are growing across multiple verticals, including fintech, gaming and regtech. Read more here.
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The Raleigh-based startup, which runs a global identity verification platform, says its revenue continues to climb – going from just over $1 million in 2016 to a projected $20 million or more in 2021.
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