Experian takes on London company
Data analyst Experian has snapped up identity verification company 192business. Nottingham-based Experian has not disclosed the sum of the deal.
Launched in 2002, London-based 192business offers companies services verifying and managing the identity of online customers.
The acquisition will form part of Experian's decision analytics business line, expanding its range of identity verification and fraud prevention services.
192business will be acquired from its founding shareholder, senior employees and private investors. The acquisition will be funded from Experian's existing cash resources.
In the year to 31 March 2011, 192business reported revenue from continuing operations of $11m (£7m) and at 31 March 2011 had gross assets of $9m (£5.8m).
The deal is subject to approval from the Office of Fair Trading.
It is the latest in a series of acquisitions for Experian; in July, the company purchased two companies within a week. The addition of Virid Interatividade Digital was Experian's first move into the Brazilian market, while Ollerton-based LM Group gave the company a stronger East Midlands foothold.
