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The Wicks Group Invests in EZShield, Inc.NEW YORK, April 5, 2017 /PRNewswire/ -- EZShield, Inc. ("EZShield") announced that The Wicks Group of Companies ("Wicks"), a private investment firm, has completed the purchase of a controlling interest in the company from EdgeStone Capital Partners. The terms of the transaction, which closed on March 28, were not disclosed. Based in Baltimore, MD, EZShield is a leading provider of consumer and small business identity theft and fraud protection services through partnerships with companies in financial services, employee benefits, insurance, communications and other select industries. EZShield's partners, in turn, deliver the company's products as value-add offerings to their customers. Its go-to-market strategy enables EZShield to create unparalleled value for its partners. EZShield has been named "Best Overall" Identity Protection Leader three consecutive times by Javelin Strategy & Research. EZShield CEO, Dale Dabbs said, "I am very excited to work with our new partners at Wicks in pursuing what we see as a tremendous opportunity in the identity theft and fraud protection market. As cybercrime continues to grow at an alarming rate, identity theft and check fraud have become a top-of-mind risk to businesses and consumers. EZShield's suite of award-winning products and its comprehensive approach to identity protection, offer effective solutions for combatting the myriadof problems surrounding information security." "We believe the information sector needs strong service and content providers that help consumers and businesses manage the risk of identity crimes. With nearly 35.2 million victims of identity crimes in the US in 2016, we are acutely aware of the rising prevalence of the threats that lurk in our daily routines.1 We believe the growing awareness of these crimes provides an opportunity for EZShield's business going forward," said Daniel L. Black, Managing Partner at Wicks. "The company's partner-focused distribution model, high-value product offering and exceptional customer service will meet the anticipated growth in demand. EZShield's value proposition is unique in this growing market, particularly in segments where reputation and compliance are critical to success." Signal Hill acted as exclusive financial advisor to EZShield. DLA Piper LLP acted as legal counsel to Wicks. Osler, Hoskin & Harcourt LLP acted as legal counsel to EZShield. Contact: ABOUT THE WICKS GROUP OF COMPANIES ABOUT EZSHIELD 1. Javelin Strategy & Research, 2017 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-wicks-group-invests-in-ezshield-inc-300434722.html SOURCE The Wicks Group of Companies |