Acquisition of RentBureau

RNS Number : 1517O

Experian plc

24 June 2010

 



news release

Acquisition of RentBureau

Experian, the global information services company, announces that it has acquired the assets of RentBureau LLC, an aggregator of rental payment history data in the United States (US). 

Established in 2005, RentBureau has developed a National Rental Data Exchange (NRDE) database and system to capture rental payment history, rental collection data and lease applications. The NRDE currently includes records on 7 million US residents and has approximately 45 data contributors to the file.

The acquisition is another step in Experian's strategy to deliver innovative data and analytics to its clients by expanding the breadth and depth of its consumer and business databases.

As at 31 December 2009, RentBureau's estimated gross assets were approximately US$1.7m.  RentBureau was acquired from its founding shareholders and private investors. It will form part of Experian's Credit Services activities in North America.

Contact

Experian

Nadia Ridout-Jamieson          Director of Investor Relations             [phone]

James Russell                        Public Relations Director

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 90 countries. The company 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 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil. 

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

 

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