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Allstate has announced that it has closed its acquisition of InfoArmor, a provider of employee identity protection coverage. InfoArmor serves more than one million employees and family members across more than 1,400 firms, including 100 Fortune 500 companies, according to Allstate.
InfoArmor provides a proactive identity-monitoring service that alerts users at the first sign of fraud. InfoArmor’s corporate threat intelligence service, VigilanteATI, monitors for emerging threats and protects companies from cyberattacks.
“Allstate’s acquisition of InfoArmor gives us another innovative high-growth business to further expand our portfolio of protection products and services,” said Tom Wilson, chairman, president and CEO of Allstate. “Identity theft is a growing problem, and this enables us to protect more people from life’s uncertainties. Consumers are increasingly at risk of having their digital identities compromised, and InfoArmor is the go-to identity-protection company in the employee benefits market. This acquisition allows us to further broaden the Allstate Benefits business, which already serves more than four million employees.”
