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EBay Inc. said it's buying Fraud Sciences, a privately held Israeli online risk tool provider, for $169 million in cash. EBay said it's buying the firm to boost eBay and PayPal's proprietary fraud management systems.
EBay Buy Fraud Services Company For $169 Million [marketwatch.com]
joined:Dec 29, 2003
No doubt this is about their Verificator technology.
Shvat Shaked and Saar Wilf become employees of the eBay monster now, but their VC investors must be happy as they now have their exit.
Sadly, I don't think that PayPal's treatment of merchants is going to get any better because of this technology acquisition.