Acquisition of 192business Limited
news release
Experian plc
Acquisition of 192business Limited
28 November 2011 - Experian, the global information services company, announces that it has agreed to acquire 192business Limited, subject to approval by the Office of Fair Trading. 192business is a leading provider of online identity verification services based in the United Kingdom.
Launched in 2002, 192business helps organisations to verify and manage the identity of their customers online in order to minimise fraud and risk. Increasing regulation, the rise in fraud globally, growth in e-commerce sales and the move from traditional offline identity checks to online checks are all contributing to growth in the identity verification market.
192business provides organisations with timely identity verification, including personal data verification, fraud screening, online document verification and voice verification. It services a wide range of global clients, covering segments such as e-commerce, insurance, utilities, retail, finance and legal services.
The acquisition will form part of Experian's Decision Analytics business line, expanding its range of identity verification and fraud prevention products and services.
In the year to 31 March 2011, 192business reported revenue from continuing operations of US$11m, and at 31 March 2011 had gross assets of US$9m. 192business will be acquired from its founding shareholder, senior employees and private investors. The acquisition will be funded from Experian's existing cash resources.
Contact
Experian
Nadia Ridout-Jamieson Director of Investor Relations +44 (0)20 3042 4215
James Russell Communications Director, UK&I and EMEA
RLM Finsbury
Rollo Head +44 (0)20 7251 3801
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.
This information is provided by RNS
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