BATON ROUGE, La. — CRIF Corp., which has been building its credit union market with recent acquisitions of Teres Systems, Aimbridge and FLS Services, said today it has agreed to acquire APPRO Systems online lending from Equifax.
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The synergies deriving from the deal will allow a specialized hub to be created in the U.S. with a greater potential for growth, said CRIF, which is based in Bologna, Italy.
APPRO Systems will operate as a wholly-owned subsidiary of CRIF. APPRO will be marketed and distributed under the CRIF Lending Solutions brand along with lending services and technology offerings from other U.S. based CRIF companies, including Teres Solutions, Aimbridge and FLS Services.
Financial terms of the deal were not disclosed.
