| 14 January 2008 |
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Chicago and Chennai, India – January 14, 2008 – TransUnion announced that it has acquired an equity stake in D&B Predictive Sciences and Analytics Private Limited (D&B PSAPL). The company, whose shareholders are D&B SAME and D&B International, will be renamed D&B TransUnion Analytic and Decision Centre. The venture will provide advanced analytics, decisioning and IT services throughout the Asia-Pacific region and will contribute to TransUnion's global generic and custom model development. Terms of the deal were not disclosed.
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TransUnion brings its expertise and resources to the already established analytics practice of the company, where it enjoys critical mass and a significant well-respected talent pool. This venture also represents TransUnion's further commitment to the region where it is the technology provider to, and a shareholder in CIBIL, India’s first credit reporting company, and is the creator of the country’s first generic scoring model, introduced with CIBIL in November.
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“Asia-Pacific and more specifically India are important territories for our customers and TransUnion, representing tremendous growth and opportunity,” said TransUnion’s Mike Kiyosaki, executive vice president, Analytic and Decision Services. “This strategic partnership allows us to combine our talent and resources, and deliver global solutions tailored to the dynamics and needs of the region.”
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“D&B PSAPL has a rich history in this region, delivering advanced commercial decision support services,” said Rajesh Mirchandani, CEO, Dun & Bradstreet South Asia Middle East Ltd. “With TransUnion as a partner, we will be greatly extending our resources, level of expertise and breadth of services, benefiting the markets and customers we serve.”
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Along with data-driven consulting services, the combined capabilities of the Centre will provide enterprise-wide decisioning technologies, data management solutions and advanced analytics and decisioning in the areas of sales and marketing services, risk management, fraud and identity management and collections management. In addition, the Centre will be responsible for core platform and product development for the credit industry, a broad spectrum of IT technical services, domain sets and operational support services for TransUnion's global operations. This operation will join TransUnion's other Centres of Excellence for Analytic and Decisioning and technology services in Chicago, Atlanta, and Johannesburg, South Africa.
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As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 4,000 employees in more than 30 countries on six continents (www.transunion.com/business).
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D&B Predictive Sciences and Analytics Private Limited (D&B PSAPL) is a premium global solutions provider in the specialized areas of risk management, predictive modeling & analytics and technology. PSAPL?s main facilities are located in Chennai housing a state-of-the-art infrastructure and unique blend of talent in analytics, information technology and consulting. D&B PSAPL has a rich heritage having been carved out of a joint effort between D&B International and D&B South Asia Middle-East Africa, combining the power of a globally trusted, insightful, expert and connected organization with strong local market execution capabilities. |
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Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Cliff O'Neal (coneal@transunion.com) at 312-985-2540.
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