Equifax Announces Higher Profits; Acquires Risk Assessment App Developer

Equifax, an Atlanta credit reporting firm, announced revenues in 2013 were more than $2.3 billion, up 11 percent from 2012. Profits were up 29.3 percent last year, to $351.8 million.

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Equifax’s U.S. Consumer Information Solutions business was particularly strong, especially in consumer financial marketing services. Verification revenue — related to mortgage verification — was down.

The company added several new products and more existing customers began using additional Equifax offerings, according to Richard Smith, chairman and CEO of Equifax. Smith, in a statement, said he anticipates a strong 2014.

Equifax anticipates 2014 revenue between $2.425 billion and $2.475 billion.

Equifax also announced it had acquired Forseva, a company that develops applications that improve risk assessment and organizational efficiency. Terms of the deal were not disclosed.

 


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