On June 27, 2023, identity-verification company Socure announced it had acquired Berbix for approximately $70 million in cash and stock. Berbix specialized in checking identity documents and detecting fraudulent or spoofed IDs; Socure said it integrated Berbix’s technology into its document-verification offering.
What Socure bought and what the deal cost
Socure was the buyer and Berbix was the acquired company. Socure described the transaction as its first acquisition and put the consideration at approximately $70 million, paid in cash and stock. The figure and deal description come from Socure’s June 27, 2023 announcement; it is an announced approximate value, not a separately established breakdown of the cash and stock portions.
What Berbix’s technology did
Berbix focused on document-based identity verification: checking whether an identity document appeared genuine and helping detect fraudulent or spoofed IDs. Its Y Combinator company profile described the core customer question as, “Are you who you say you are?” The profile also described developer-friendly SDK access, a way for developers to incorporate verification into their applications.
How Socure said Berbix fit its products
Socure offered a broader identity and fraud platform, while Berbix brought a specialization in document checks. TechCrunch reported that Socure had already integrated Berbix into its existing document-verification service and described demand for online ID checks as complementary to Socure’s other tools. One example Socure CEO Johnny Ayers gave was confirming that “a driver applying to a grocery delivery service is who they say they are.” These descriptions explain the intended onboarding use case, not a guarantee that a particular check will identify fraud.
Do these 3 things before closing this tab:
1Repair Windows errors before they cause bigger problems2Fix the driver behind crashes, sound loss and screen glitches3Clear out junk files and repair common Windows errors#1 Best Overall
- TokenWorks IDVisor Smart Plus reads Passports & Drivers License/IDs from all 50 states, Canadian provinces, and their Military IDs. Fast operation - 1 second per scan. 12+ hour battery operation, 350+ standby time. LIFETIME SOFTWARE UPDATES and complementary US-based phone/email support.
- Calculates Age Automatically - Intuitive Icons, Vibration & Human voice warnings. Notifications for Underage & ExpiredExpeired ID; Pop-Up alerts for Underage, Passback (Looping), Tagged. Challenge questions (Zodiac sign, state capital/motto, area code etc), customizable age verification for age restricted products depending on the jurisdiction.
- VIP/Banned Software – Tag customers with custom categories with expiration dates, add notes such as “VIP, banned started a fight, owes money, etc”. 6 expiration. FIND MY DEVICE- Through GPS locate your scanner, lock/erase its data remotely and see the scanner on Google Maps
- Customer Relationship Management: Highlights New vs Repeating Clients. Scan Count tracks Venue Occupancy & time of visit for Covide tracking. Options for manual email & phone numbers. Easily assign "Loyalty Membership" with the press of a button. Export Scan/Customer records in Excel Format through WiFi or USB. Optional Upload/Download records from a cloud networking available for multiple devices - IDVisor Sync database through WiFi or USB export/import.
- Price / Performance Leader – We dare you to Compare
Predictive Document Verification 3.0
Socure announced Predictive Document Verification 3.0 alongside the acquisition, saying Berbix technology had been integrated with Socure technology. That describes the product positioning at the time of the June 2023 announcement; it does not establish the product’s current packaging, availability, or commercial terms. Socure’s claims about speed, accuracy, and fraud reduction in its announcement are vendor claims, not independently verified comparative results.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the deal does—and does not—establish
The acquisition brought Berbix’s document-verification capabilities into Socure’s broader identity and fraud offering, according to the companies’ announcement and contemporaneous reporting. It does not, by itself, establish how the combined service performs against competitors or how well it works in any specific customer deployment.
Rank #2
- Cypress Computer Systems WMR-7100
Socure later reported 376% revenue growth from 2019 to 2022 in a September 21, 2023 press release. That is a company-reported figure, not independent evidence about the purchase price, the value of Berbix, or the performance of the integrated verification product. See Socure’s release carried by PR Newswire.
Quick Recap
Rank #4
- Created for detail-driven professionals who rely on verification as a daily operating principle. Ideal for inspectors, analysts, planners, and process-focused thinkers who prefer checking twice, and maintaining control through structured review habits.
- Appeals to people with verification-first routines, including quality reviewers, compliance-oriented roles, and disciplined minds. This design reflects calm confidence, and a mindset built around accuracy, consistency, and intentional decision-making.
- Two-part protective case made from a premium scratch-resistant polycarbonate shell and shock absorbent TPU liner protects against drops
- Printed in the USA
- Easy installation
Rank #3
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
