Sift’s Acquisition Of Keyless

Orrick assisted Keyless in its sale to Sift, advised by Oon & Bazul.

Sift,  a leader in digital trust & safety products, has acquired Keyless, a pioneer in passwordless and multi-factor authentication.

With Sift’s acquisition of Keyless, Keyless’ innovative biometric authentication technology for eliminating passwords will be integrated into Sift’s products to protect businesses and their users from account takeover attacks, while preserving privacy and reducing friction.

Sift empowers digital disruptors to Fortune 500 companies to unlock new revenue without risk. It dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of 70 billion events per month, and a commitment to long-term customer partnerships. Global brands such as Airbnb, Doordash, and Wayfair rely on Sift to gain a competitive advantage in their markets.

Keyless’ authentication and identity management solutions are designed by world-renowned cybersecurity and privacy experts, using a unique combination of advanced cryptography and biometrics to ensure that biometric data is never at risk of being stolen, lost or compromised.

The Orrick cross border team included Attilio Mazzilli, partner, Flavio Notari (Picture), of counsel, Katie Cotton, partner, and associates Aniello Veneri, Aoife Casey, Cecile Renaud and Shaun Malone.

The Oon & Bazul’s Singapore team was led by Corporate Partner and Head of M&A Ng Yi Wayn.

Involved fees earner: Ng Yi Wayn – Oon & Bazul; Aoife Casey – Orrick Herrington & Sutcliffe LLP; Katie Cotton – Orrick Herrington & Sutcliffe LLP; Shaun Malone – Orrick Herrington & Sutcliffe LLP; Attilio Mazzilli – Orrick Herrington & Sutcliffe LLP; Flavio Notari – Orrick Herrington & Sutcliffe LLP; Cécile Renaud – Orrick Herrington & Sutcliffe LLP; Aniello Veneri – Orrick Herrington & Sutcliffe LLP;

Law Firms: Oon & Bazul; Orrick Herrington & Sutcliffe LLP;

Clients: Keyless Technologies; Sift;

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Author: Michael Patrini