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Equifax Announces Definitive Agreement to Acquire Appriss Insights

AI TechPark 2021-08-11

Acquisition to Expand Equifax’s Largest and Fastest Growing Business – Workforce Solutions – By Widening Suite of Market-Leading Verification Capabilities, Enhancing Identity and Fraud Prevention Offerings, Advancing Strategy for Comprehensive Workforce Solutions Data Hub and Diversifying EquifaxInvestor Call and Webcast to be Held on August 10, 2021 at 8:30 a.m. Eastern TimeEquifax® (NYSE: EFX) a global data analytics and technology company has signed a definitive agreement to acquire Appriss Insights, a trusted and comprehensive source of risk and criminal justice intelligence, for $1.825 billion.

This acquisition will expand the breadth of differentiated data sources “Only Equifax” can provide, expanding the company’s market-leading and fast growing Workforce Solutions verification capabilities, enhancing identity and fraud prevention offerings, advancing the strategy for a comprehensive Workforce Solutions data hub, and helping public and private organizations tap into timely, decision-critical data that helps employers reduce workforce risk and communities improve delivery of government entitlement programs.

An investor call and webcast on the agreement will be held on August 10, 2021 at 8:30 a.m. Eastern Time (ET).“The acquisition of Appriss Insights’ industry-leading data platforms will further position Equifax as the resource of choice for public and private sector decision intelligence,” said Mark W. Begor, CEO of Equifax.

We are extending the scope of our verification capabilities beyond income and employment with Appriss Insights’ unique data assets which feature industry-leading automation, coverage and accuracy.”Appriss Insights will expand Equifax relationships with employers, background screeners, and state and federal government agencies, extending Equifax reach into the $5 billion U.S. talent acquisition market and $2 billion U.S. government social services delivery market – areas seeing increasing demand for criminal background checks and continuous monitoring services.Appriss Insights was founded in 1994 with the creation of the VINE® network, a proprietary victim notification network that empowers victims with timely and reliable information regarding incarcerated persons.

They also are used by law enforcement and government agencies to support active investigations and aid in the efficient delivery of government entitlement programs, helping to get much-needed benefits to those who are eligible while mitigating fraud and reducing waste.“Deeper data insights drive better decisions, whether you are an employer, background screener, healthcare provider, or social service agency,” said Rudy Ploder, president of Equifax Workforce Solutions.

“The combination of Appriss Insights and Equifax presents exciting opportunities to grow these partner relationships.

Equifax Names Julia Houston Chief Strategy and Marketing Officer

AI TechPark 2021-03-23

New Role Expands Houston’s Role as Company Accelerates Innovation, New Products and GrowthEquifax® (NYSE: EFX) announced Julia Houston as Chief Strategy and Marketing Officer, expanding her current scope to include leadership of global Marketing where she will be responsible for ensuring strong alignment with the company’s strategy, working closely with the business units and global regions.

This expansion of Houston’s role unlocks synergies and efficiencies that support the company’s strategy to bring new products, innovation and capabilities to customers, partners and consumers around the world.“We are entering an exciting and crucial chapter in our 121-year history, as we leverage our $1.5B cloud technology investment to accelerate our innovation, new products and growth,” said Mark W. Begor, Chief Executive Officer of Equifax.

“Julia is the perfect leader to drive marketing for Equifax.

She is highly strategic, and will provide valuable synergies as we align Marketing, Strategy, Communications, Risk & Compliance, and Privacy into one team.

With Julia’s leadership, her expanded team will create end-to-end growth solutions for our customers and support the right go-to-market experience in our Business Units.”Under Houston’s leadership, Equifax global marketing will take a leadership role in ensuring alignment and consistency across the enterprise with the primary goal of helping customers take full advantage of the Equifax cloud-native solutions and unique data insights.Houston has been a critical member of the Equifax senior leadership team since joining the company in 2013.

During her tenure, she has been at the forefront in managing the Equifax transformation that is driving the company’s growth today.

Equifax's push to regain public trust calls for companies to work together

Geekz Snow 2019-08-08

If you don't trust Equifax, the company is willing to bet you will soon.

At the Black Hat cybersecurity conference, Jamil Farschi, Equifax's chief information security officer described how a company could regain the public's trust on Thursday -- just 17 days after the company reached the largest settlement for a data breach.

The credit-monitoring company agreed to pay at least $650 million in a settlement with the US Federal Trade Commission, the Consumer Financial Protection Bureau, 48 states, Washington, DC and Puerto Rico.

In 2017, Equifax suffered one of the largest data breaches in history with hackers stealing sensitive data on as many as 147.7 million Americans.

Two former Equifax executives have been charged with insider trading and its former chief information officer was sentenced to four months in prison in June.

Equifax's former CEO Rick Smith blamed the hack on a single employee who failed to patch the company's servers for a vulnerability the company had been warned about four months prior to the breach.

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