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Stock impact report

Equifax to acquire Appriss Insights for $1.825 billion [MarketWatch]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: MarketWatch
Equifax Inc. said Tuesday it has signed an agreement to acquire Appriss Insights, a provider of risk and criminal justice intelligence, for $1.825 billion. The data, analytics and technology company said it will receive a tax benefit with a net present value of about $360 million in conjunction with the deal which is expected to close in the second half. Appriss, which was founded in 1994, is a portfolio company of Clearlake Capital Group LP and Insight Partners and provides data used in public and workplace safety, law enforcement, fraud detection and prevention and healthcare credentialing. The deal "will expand the breadth of differentiated data sources "Only Equifax" can provide, expanding the company's market-leading and fast growing Workforce Solutions verification capabilities, enhancing identity and fraud prevention offerings, advancing the strategy for a comprehensive Workforce Solutions data hub, and helping public and private organizations tap into timely, decision-critical Show less Read more
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