Neustar acquires assets from Transaction Network Services Inc.
Sterling-based Neustar said Monday that it has completed the acquisition of the caller authentication assets of Reston-based Transaction Network Services Inc. Neustar, a provider of cloud-based information services, announced the $173 million deal in September.
“These assets enhance our ability to compete across the broad market for caller authentication in mobile, broadband and wireless with offerings that include subscriber data storage and management, caller identification and verification services,” Lisa Hook, Neustar’s president and CEO, said in a statement.
Neustar also announced it has updated its 2015 guidance.
The company reaffirmed its 2015 revenue guidance to range from $1.04 billion to $1.05 billion, a growth of 8 percent to 9 percent.
Information Services revenue is expected to range from $535 million to $545 million, an increase of 9 percent to 12 percent.
The company increased its 2015 adjusted net income guidance to range from $262 million to $268 million, or a 25 percent margin.
On a per share basis, adjusted net income is expected to range from $4.70 to $4.80, an increase of 9 percent to 11 percent.
“We expect the momentum we have seen in the first three quarters of 2015 to continue,” Paul Lalljie, Neustar’s CFO, said in a statement. “We are targeting the top end of our 2015 revenue guidance range, and we have increased our adjusted net income guidance to include approximately $8 million in discrete tax benefits. In addition, this acquisition increases our 2016 guidance, provided on December 9, 2015, by $60 million in revenue and $20 million in adjusted EBITDA.”