Equifax Inc. has completed its acquisition of Veda Group Limited (‘Veda’), the leading provider of credit information and analysis in Australia and New Zealand.
“This acquisition opens an exciting period of opportunity for both businesses. It is a strong fit for Equifax and reinforces our strategic focus to be a leading global information solutions provider,” said Richard F. Smith, Equifax Chairman and CEO. “Veda represents another step in our goal to expand our insights-driven capabilities and expertise, and to enter an important new region through the proven abilities of a great team.
“Through Veda, we will have a strong platform from which to offer customers advanced new data and analytics services in Australia and other markets in this region,” he continued. “We’re delighted to count on the expertise of Veda’s management and staff, and we welcome them to the Equifax team.”
Veda’s CEO Nerida Caesar will continue to lead the Australian-based business providing market expertise and continuity for the existing business, customers and staff. “Equifax’s insights-guided technology and advanced data and analytics will enable us to build the ‘next generation’ of credit information products for our customers in Australia, New Zealand and our other markets,” Caesar said. “On behalf of the Veda team, we are pleased to become part of Equifax,” she said. “Our objective is consistency and continuity for customers and the Veda team, while bringing all the benefits of the combined companies to market as quickly as possible. We will be as nimble and efficient as before, but more capable and more global in the future.”
Veda will now operate as ‘Veda, An Equifax Company’ until further notice. It will become a division of the company’s International business unit and will report into Equifax International President John Hartman.
Source: Equifax Press Release