TransUnion Completes Acquisition of TLO
CHICAGO, IL--(Marketwired - Dec 16, 2013) - TransUnion announced today that it has completed the acquisition of Boca Raton, Fla.-based TLO, a leading company in the risk information and analytics industry.
"This acquisition supports our primary mission to help organizations optimize their risk-based decisions and enable consumers to understand and manage their personal information," said Jim Peck, TransUnion's president and CEO. "We are excited about the possibilities the combination of our two companies will bring to our existing customers as well as new markets that need to leverage data and analytics to effectively manage risk."
On November 22, the U.S. Bankruptcy Court for the Southern District of Florida named TransUnion's offer of $154 million in cash as the winning bid in the court-managed auction of TLO. The transaction will not materially affect TransUnion's financial results for 2013.
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 on five continents. www.transunion.com/business
TLO is a leading data solutions provider specializing in custom, scalable investigative and risk management tools for due diligence, threat assessment, identity verification, fraud prevention and debt recovery. Used daily by thousands of organizations in the public and private sector, TLO's core product, TLOxp®, is the most powerful technology for locating, researching and finding the connections between individuals, businesses and assets. TLO further supports law enforcement agencies in more than 40 countries around the globe by providing, at no charge, cutting-edge technology used to identify and locate child predators. www.tlo.com