Experian Completes Acquisition of CSIdentity Corporation
- by Radu Cotarcea
On August 15th, Experian, the global information services company, announced the completion of its acquisition of CSIdentity Corporation from InvestCorp Technology Partners.
CSID uses its patent-protected technology to access a variety of data and scours the internet in real-time to monitor websites, blogs, bulletin boards and chat rooms to identify the illegal trading and selling of personal information. It provides a range of services, including credit data, to notify consumers of potential abuse of their identities and that their digital identity information is being actively sold or traded on the internet. This helps consumers to take action to protect themselves.
Back in April, Brian Cassin, Chief Executive Officer of Experian, commented: "The acquisition of CSID accelerates execution of our Consumer Services strategy and enables us to address a broader spectrum of the consumer market. By combining Experian and CSID capabilities, we will provide best-in-class products to give consumers greater control over their identity and credit information in one proposition. We look forward to welcoming the CSID team to Experian and building stronger and ever more compelling services which help consumers to protect, manage and make the most of their data. Following completion, we expect CSID to be immediately enhancing to Group earnings."
Experian is a global information services company, providing data and analytical tools to its clients around the world. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.