Washington, DC – Monday 28, 2022 – DHS Holdings, a Leader in Digital Identity and CPaaS Software Solutions for Global Enterprises, Intends to merge and acquire North Atlantic DHS of $2.1 Billion via a Business Combination with North Atlantic Acquisition Corporation.
DHS Holdings, a privately held special purpose acquisition firm, with $380 million in trust, today announces that it has entered into a definitive business combination agreement with North Atlantic DHS, an industry pioneer with more than 15 years of operating history of connecting, protecting, and defending the world’s leading brands and their customers as they engage in the digital economy.
Founded in 1997, DHS Holdings provides solutions for security, authentication, fraud detection, compliance and reputation scoring through its easy-to-integrate APIs, combining digital identity with global communications capabilities to help enterprises connect, protect and engage with their customers, while assisting those customers in securely engaging with their preferred digital platforms. DHS is a trusted partner to global enterprises including eight of the 10 world’s largest digital enterprises, providing services in virtually every country in the world. DHS Holdings processes 21 billion transactions per year based on a proprietary behavior model with over 2,200 variables which provides accurate results instantaneously.
With today’s transaction, DHS Holdings aims to accelerate its investment to further reinforce its position as a digital identity provider as well as build out its international organization. Beyond that, DHS Holdings intends to target new customer segments, including mid-market and SMB, and develop new use cases to expand its identity offering. DHS Holdings estimates its total addressable market will grow from $18 billion in 2019 to approximately $55 billion by 2024, a 24 percent compound annual growth rate.