Experian announces that it has acquired the assets of RentBureau LLC, an aggregator of rental payment history data in the United States (US).
Established in 2005, RentBureau has developed a National Rental Data Exchange (NRDE) database and system to capture rental payment history, rental collection data and lease applications. The NRDE currently includes records on 7 million US residents and has approximately 45 data contributors to the file. The acquisition is another step in Experian’s strategy to deliver innovative data and analytics to its clients by expanding the breadth and depth of its consumer and business databases.
As at 31 December 2009, RentBureau’s estimated gross assets were approximately US$1.7m. RentBureau was acquired from its founding shareholders and private investors. It will form part of Experian’s Credit Services activities in North America. Source: Experian