March 19, 2021
Private equity firms covet data and analytics businesses that combine elements of providing data, analytics for that data, and software to incorporate the analysis for their clients, says
Trent Hickman, managing director of
VSS, a New York-based lower-middle-market private equity firm.
“It’s not just having a ton of raw data,” he says. “It’s being able to use that data and easily pull out insights that are actionable. An ideal business would incorporate all three elements, and when you can do that you will become mission-critical for your customers.”
Trent Hickman
PE firms like the fact that the revenues for companies in the sector are frequently mission-critical and subscription-based, Hickman says.
Equifax Announces Acquisition Of AccountScore
WASHINGTON (dpa-AFX) - Equifax, Inc. (EFX) has acquired AccountScore Holdings Limited, a global data and analytics business that provides actionable insights and analytics on bank transaction data for clients. Equifax said the acquisition positions it at the forefront of the latest trends in Smart Data, including the transition of Open Banking to Open Finance, to incorporate data on additional financial services products such as insurance policies, pensions and mortgages.
AccountScore s unit Consents Online Limited is a registered Account Information Service Provider, regulated by the FCA, which provides branded Open Banking as a Service.
Copyright RTT News/dpa-AFX
Astound Commerce Acquires MarketForce
Astound Commerce, an independent digital commerce specialist Astound Commerce has acquired
MarketForce, a business unit within Digital River, a provider of digital performance marketing services. The transaction between the two companies was finalized on February 1, 2021.
Upon completion of the transaction,
Igor Gorin will lead the combined business operations as the chief executive officer of North America.
Jeff Dahlby will join Astound as a vice president and will partner with Astound head of demand
Sean Dunn to lead the integration.
“Combining Astound’s experience, technology, design and demand capabilities with MarketForce’s proven performance marketing business model and outstanding global services will enable us to move forward together as the most powerful end-to-end digital commerce specialist in the marketplace today,” says Igor Gorin, North American CEO, Astound.
Equifax Announces Acquisition of Open Banking & Transaction Data Analytics Company AccountScore
February 9, 2021 @ 8:13 am By Samantha Hurst
Equifax (NYSE: EFX) announced on Tuesday it has acquired transaction data analytics company AccountScore Holdings Limited to bolster its Open Banking and insights capabilities. Equifax reported that the acquisition will see it enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore.
“Integration of these new data assets will enable Equifax clients to benefit from higher rates of automated, digital income verification, to carry out more granular assessments of affordability and expenditure and offer more predictive and inclusive credit scoring, by using the most up-to-date information available. For consumers, this combined data approach will improve an individual’s ability to demonstrate their creditworthiness by enablin