M&A Deal Summary

CRIF Acquires Equifax Enabling Technologies

On April 5, 2010, CRIF acquired software company Equifax Enabling Technologies from Equifax for 72M USD

Acquisition Highlights
  • This is CRIF’s 4th transaction in the Software sector.
  • This is CRIF’s 2nd largest (disclosed) transaction.
  • This is CRIF’s 6th transaction in the United States.
  • This is CRIF’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2010-04-05
Target Equifax Enabling Technologies
Sector Software
Buyer(s) CRIF
Sellers(s) Equifax
Deal Type Divestiture
Deal Value 72M USD

Target

Equifax Enabling Technologies

Baton Rouge, Louisiana, United States
Equifax Enabling Technologies LLC is a provider of software solutions consisting primarily of the APPRO suite of loan origination software. APPRO is a provider of comprehensive loan origination systems for financial institutions and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

CRIF

Bologna, Italy

website


Category Company
Founded 1988
Sector Information Services
DESCRIPTION

CRIF SpA is a provider of credit information systems, business information and credit management solutions, CRIF offers banks, financial institutions, utility companies and businesses qualified support in every phase of the customer relationship: from the planning of development strategies to acquisition, through to portfolio management and credit collection.


DEAL STATS #
Overall 7 of 28
Sector (Software) 4 of 7
Type (Divestiture) 2 of 5
State (Louisiana) 1 of 1
Country (United States) 6 of 8
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-09 FLS Services

Dallas, Texas, United States

FLS Services, Inc. is a major provider of indirect lending software to financial institutions generating in excess of $1 billion in loans annually. With more than 14 years of experience, FLS provides financial institutions with indirect lending products and expertise.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-03 Cypress Software Systems

North Richland Hills, Texas, United States

Cypress Software Systems LP is a provider of software and services that help financial institutions automate their loan application, underwriting and decisioning processes. These tools help institutions enhance risk management efforts, ensure regulatory compliance and decrease costs through higher lending efficiency and quality. Currently, Cypress serves more than 100 clients in the U.S. and 16 other countries.

Buy -

Seller(S) 1

SELLER

Equifax

Atlanta, Georgia, United States

website


Category Company
Founded 1899
Sector Information Services
Employees14,000
Revenue 5.1B USD (2022)
DESCRIPTION
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.

Equifax is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. Equifax has a large and diversified group of clients, including financial institutions, corporations, governments and individuals. Equifax's products and services are based on comprehensive databases of consumer and business information derived from numerous types of credit, financial assets, telecommunications and utility payment, employment, income, public record, demographic and marketing data. Equifax was incorporated in 1899 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 2 of 3
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Rapid Reporting Verification

Fort Worth, Texas, United States

Rapid Reporting Verification Company, a privately-held national provider of IRS tax transcript information and social security number authentication services. Founded in 1998 and headquartered in Fort Worth, Texas, Rapid Reporting is a national provider of definitive income, identity and employment verification services for mortgage lenders to help combat fraud.

Buy $73M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Equifax’s Direct Marketing Services Division

United States

Equifax's DMS division provides proprietary data-driven, integrated marketing solutions through two complementary offerings: database marketing and hosting, and data services including U.S. consumer demographic information.

Sell $117M