TransUnion Announces Acquisition of ZipCode in Brazil
CHICAGO, IL and SAO PAULO, BRAZIL--(Marketwire - Jan 31, 2013) - TransUnion, a global leader in credit and information services, has signed an agreement to acquire control of ZipCode, one of the largest independent providers of registry information to companies in Brazil's information management sectors that include credit, fraud prevention and marketing. The acquisition provides TransUnion with new tools to deliver even more comprehensive data, analytics and decisioning capabilities in the Brazilian marketplace. Subject to regulatory review, TransUnion anticipates to close later this quarter. Terms of the deal were not disclosed.
ZipCode's product portfolio includes solutions to help clients throughout the customer lifecycle, including customer acquisition, relationship management, debt collection and fraud prevention. The new solutions will increase TransUnion's ability to help companies improve efficiency, manage risk, reduce costs and increase revenue throughout their entire business process.
"We are delighted to join up with ZipCode as TransUnion continues to expand our presence in Brazil," said Maria Olga Rehbein, president of TransUnion Latin America. "ZipCode's data assets and capabilities, combined with Crivo TransUnion's decisioning platform and TransUnion's global expertise will create new solutions to address unmet marketing and risk management needs of Brazilian companies."
"ZipCode builds on TransUnion's strategy to continuously enhance our data management and decisioning services by expanding our solution suite that is relied upon by more than 45,000 customers globally," said David Neenan, president of TransUnion International.
TransUnion offers credit information and analytics expertise that helps credit grantors and lending institutions better manage risk worldwide. The company operates in five continents, and will continue to look for ways to grow its capabilities in data management, advanced analytics and decisioning. This is TransUnion's second acquisition in Brazil over the past year. In 2012, TransUnion announced the acquisition of Crivo, one of the country's leading providers of decisioning technology.
"TransUnion shares ZipCode's commitment to expand our reach in the Brazilian market," said Ricardo Sleiman, CEO of ZipCode. "We both have a long history of effectively leveraging information for the benefit of the customers and economies we serve. Combined, we provide our customers with not only enhanced data, but global expertise to help Brazilian businesses achieve profitable growth."
As a global leader in information and risk 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 high quality data, and integrating advanced analytics and enhanced decision-making capabilities. 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 reaches businesses and consumers in 33 countries around the world. www.transunion.com/business