REG - Experian plc - Acquisition of Court Ventures Inc
Acquisition of Court Ventures Inc
9 March 2012 - Experian, the global information services company, announces that it has acquired substantially all the assets of Court Ventures Inc., an aggregator of electronically available public records data in the United States.
Founded in 2001, Court Ventures sources, aggregates, repackages and distributes public record data, obtained from over 1,400 state and county sources. This acquisition strengthens Experian's consumer data assets in North America and is a further step in Experian's strategy to extend its global lead in credit information and analytics.
Gross assets as at 31 December 2011 were US$1m. Court Ventures was acquired from its founding shareholder and will form part of Experian's Credit Services activities in North America. The acquisition will be funded from Experian's existing cash resources.
Nadia Ridout-Jamieson Director of Investor Relations +44 (0)20 3042 4215
James Russell Communications Director, UK&I and EMEA
Rollo Head +44 (0)20 7251 3801
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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