Acquisition of Garlik Limited

RNS Number : 5704U

Experian plc

23 December 2011

 



news release

Experian plc

Acquisition of Garlik Limited

23 December 2011 - Experian, the global information services company, announces that it has acquired Garlik Limited, a provider of web monitoring services based in the United Kingdom.

Founded in 2005, Garlik helps consumers to protect themselves from the risks of identity theft and financial fraud. Through its main product, DataPatrol, Garlik captures and monitors information from a variety of sources across the wider web and social networking sites using its proprietary web-crawler technology. DataPatrol generates alerts when an online loss, disclosure or theft of consumer data is detected, and suggests next steps on how to respond to incidents before an individual becomes a victim of financial crime or identity fraud. Garlik provides services in the UK, US, Germany and Italy.

The acquisition of Garlik extends Experian's presence in identity protection, consistent with Experian's strategic goal to become the most trusted consumer brand for credit monitoring and identity protection services. It enables Experian to offer a more comprehensive identity protection product to its customers and clients, while accelerating plans to expand consumer protection services into new geographies. The acquisition will form part of Experian's Interactive business.

At 31 December 2010 Garlik had gross assets of US$1m. Garlik was acquired from venture capital investors DFJ Esprit and Doughty Hanson, and the founding shareholders. The acquisition has been funded from Experian's existing cash resources.

Contact

Experian

Nadia Ridout-Jamieson          Director of Investor Relations                           [phone]

James Russell                       Communications Director, UK&I and EMEA

Finsbury

Rollo Head                                                                                                        [phone]

Don Hunter

About Experian

Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was US$4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil. 

For more information, visit http://www.experianplc.com.

 

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