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Garlik takes aim at US market

16 May 2008  |  3502 views  |  0 Statue of Liberty

UK ID fraud start-up Garlik has secured $5 million in additional funding which it will use to support its launch into the North American market.

Garlik says it has taken "significant steps" into the American market by opening a New York office and securing its first distribution deal in the US with Minneapolis-based life assistance firm CPP North America.

CPP, which boasts 10 million customers across Europe, North America and Asia Pacific, will provide Garlik's debut product, DataPatrol Advanced, with future identity protection product releases.

DataPatrol Advanced uses Web technology to help consumers track their personal data across more than four billion web pages, millions of public records and commercial databases as well as geo-demographic data and a subscriber's credit profile.

Garlik says the new funding round sees Edinburgh-based Noble Venture Finance join its existing investors 3i and Doughty Hanson.

Tom Ilube, CEO, Garlik, says the additional investment and the partnership with CPP North America "vividly demonstrates Garlik's evolution, ready to expand beyond Europe across the globe".

Garlik was set up in 2006 by Mike Harris, founding CEO of UK virtual bank Egg, former Egg CIO Tom Ilube and British Computer Society president Professor Nigel Shadbolt.

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