Chester identity firm GB Group’s revenue tops £143m

GB Group CEO Chris Clark

Chester-based identity data company GB Group (GBG) said on Wednesday its revenues increased 19.9% to £143.5 million in the year to March 31 and profit before tax rose 10% to £14.7 million.

The firm said its international revenues grew from 34% to 45% of total revenue, with encouraging performances in North America and Asia Pacific. 

GB Group’s total number of employees has increased to nearly 1,000, working in 16 countries.

The firm said it enjoyed key wins including Discover Financial Services, N26, Bosch, BNI, Kohls and eBay.

In February, GBG agreed to acquire IDology, a US-based provider of identity verification and fraud prevention services for £233 million in cash.

GB Group CEO Chris Clark said: “This was another good year for GBG.

“The continued investment in our three core solutions led to exciting product innovation and deeper geographical reach. 

“Our strong growth and track record of delivery is a testament to our commitment to customer value and the expansion of our global presence through organic developments and strategic acquisitions.

“We remain committed to developing world class products and making the most of the significant market opportunities ahead.

“As a global business, with a well-defined strategy, we are confident in our future growth and our ambition to become the leading provider of identity data intelligence solutions.”