15 Jul 2011: Leading Identity Management business GB Group has acquired Edinburgh-based Data Discoveries, a provider of marketing and tracing software and services in the UK.

Over the past few years there has been a growing demand for tracing services, with the Credit Services Association (CSA) estimating that over £8bn of debt will be traded this year and that 70% of all instructions to collect debt will involve some form of tracing.

GB Group’s CEO, Richard Law, commented: “Tracing software and services form an important part of Identity Management. This acquisition will confirm the new, combined business as the leader in tracing software and services. Data Discoveries’ clients will complement our existing customer base with more than 100 further customer accounts including The Student Loans Company and Co-Operative Financial Services.”

Data Discoveries’s Managing Director, Ken Naismith, said: “This is a positive move for Data Discoveries. GB Group has a reputation for innovation and the acquisition provides us with access to the resources the business needs to develop our products and services and meet the demands of this growing sector.”