ATLANTA, Oct. 1, 2021 /PRNewswire/ -- Equifax® (NYSE:EFX)
announced today that it has completed the acquisition of Appriss
Insights, a provider of comprehensive risk and criminal justice
intelligence products and solutions. The definitive agreement to
acquire the Appriss Insights business was announced on August 10, 2021. This acquisition expands
Equifax's largest and fastest-growing business unit, Workforce
Solutions, by broadening the Equifax suite of complementary
verification capabilities, advancing the path toward a
comprehensive Workforce Solutions data hub, enhancing identity and
fraud offerings and positioning Equifax as the resource of choice
for public and private sector decision intelligence.
"The acquisition of Appriss Insights leverages the Equifax Cloud
by expanding the breadth of differentiated data and insights that
only Equifax can provide," said Mark W.
Begor, CEO of Equifax. "Our strong performance and balance
sheet allow Equifax to reinvest in this accretive and strategic
acquisition that will strengthen our largest and fastest-growing
business - Workforce Solutions. Appriss Insights' unique
people-based risk intelligence data extends the verification
capabilities of our high-performing Workforce Solutions business
further beyond income and employment, supporting its future growth
while further diversifying Equifax."
Appriss Insights provides data used in public and workplace
safety, law enforcement, corporate investigations, fraud detection
and prevention, and healthcare sanctioning and credentialing. The
acquisition expands Equifax relationships with employers,
background screeners, and state and federal government agencies -
furthering the company's penetration into the $5 billion U.S. talent acquisition market and the
$2 billion U.S. government social
services delivery market.
"The Appriss Insights team provides a powerful and valuable
resource for employers and social service agencies," said
Rudy Ploder, President of Equifax
Workforce Solutions. "There are approximately 75 million new hires
annually in the U.S. and 40% of new hires are in roles that require
background checks and other verifications, including in healthcare,
financial services, public sector and portions of other industries.
Our Workforce Solutions business also sees tremendous value in the
power of Appriss Insights data in delivering broader, more
comprehensive solutions to federal and state governments across
Unemployment Insurance, Medicaid, food assistance, rental support
and other benefit programs."
Appriss Insights, an Equifax company, is now part of the
Workforce Solutions business unit. Appriss Insights President
Brian Matthews has assumed the role
of Senior Vice President and General Manager of the new
division of Equifax Workforce Solutions.
"We are thrilled to join the Equifax team," said Matthews. "The
combination of Equifax and Appriss Insights is a powerful one.
Together, we have the ability to deliver truly differentiated data
and insights to more quickly help individuals in need and further
identify ways for employers to expand candidate pools and create
new screening standards."
This release contains
forward-looking statements and forward-looking information. All
statements that address operating performance and events or
developments that we expect or anticipate will occur in the future,
including statements relating to our future financial and operating
results, our strategy, the expected financial and operational
benefits, synergies and growth from the Appriss Insights
acquisition, our ability to integrate Appriss Insights and its
products, services, technologies, IT systems and personnel into our
operations, the impact of COVID-19 and changes in U.S. and
worldwide economic conditions, and similar statements about our
outlook and our business plans are forward-looking statements. We
believe these forward-looking statements are reasonable as and when
made. However, forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations or
projections. These risks and uncertainties include, but are not
limited to, those described in our 2020 Form 10-K and subsequent
SEC filings. As a result of such risks and uncertainties, we urge
you not to place undue reliance on any forward-looking statements.
Forward-looking statements speak only as of the date when made. We
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 12,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
FOR MORE INFORMATION
Walker for Equifax
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SOURCE Equifax Inc.