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Equifax India Acquires NettPositive, Strengthens Market Footprint
BANGALORE, November 18, 2014 - Equifax Inc., a global information solutions provider, today announced that it has completed its acquisition of the remaining interest in analytics and business intelligence solutions leader, NettPositive. Through this acquisition, customers benefit from a combination of data and analytics that provides a more comprehensive view of today's consumers – a differentiator for businesses addressing complex business issues that call for innovation and game-changing insight.
Having held a majority interest in NettPositive since 2012, Equifax recently announced its intent to purchase the remaining interests in the Bangalore-based company, which serves the financial services, insurance and retail industries in India, the Middle East and Africa. With this completed transaction, NettPositive is now an operating entity of Equifax's expanding India business. Leveraging the full suite of NettPositive's superior analytics will enable Equifax India to address changing market needs and expand its market footprint.
Managing Director of Emerging Markets at Equifax, Shahid Charania said, "We are pleased to fold NettPositive – along with all of its capabilities and employees – into our Equifax India brand, as it has proven to be a tremendous asset thus far. The combination of robust data and cutting-edge analytics has led to a successful business model as well as leading solutions for our customers. We look forward to continuing to build on the momentum we've already seen, and strengthening our foothold in the India marketplace."
Founded in 2007, NettPositive also has operations in Mumbai and Dubai. Through collaboration and teamwork, Equifax India is well positioned to address the evolving data maturity needs of today's emerging markets by leveraging high-velocity analytics and business intelligence solutions
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 500 million consumers and 81 million businesses worldwide, and uses advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more information, please visit: www.equifax.com
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