Neustar Buying TNS Caller Authentication Assets

Neustar agreed to buy caller authentication assets from Transaction Network Services for about $220 million in cash. After tax benefits are factored in, the purchase will be worth about $173 million, said Neustar and TNS, a Siris Capital Group affiliate, in a joint release Wednesday. "This acquisition will allow Neustar to compete in the broad market for call authentication in mobile, broadband and wireless services with offerings that include subscriber data storage, database management, caller identification and verification services," the release said. "The Company estimates that the acquired assets will generate approximately $60 million in revenue in 2016." The companies expect the deal to close in 4Q after receiving federal Hart-Scott-Rodino antitrust clearance.