experianExperian is pleased to announce that it has signed a definitive agreement to divest Baker Hill to global private equity firm The Riverside Company for a sale price of US$100m. The transaction is subject to customary US regulatory approval.

Baker Hill provides software primarily to the regional and community banking segment in the US.  While successfully established in its niche, its software suite and customer base have limited overlap with Experian Decision Analytics and as such it is peripheral to our core strategy going forward.

Brian Cassin, Chief Executive Officer said: “The sale of Baker Hill is another step in our Group strategy to focus on our larger businesses and geographies. We are pleased that Riverside will take Baker Hill into the future and wish the Baker Hill management team and employees every success.”

Baker Hill’s revenue for the year ended 31 March 2015 was US$31m, which was included within North America Decision Analytics.

Source:  Experian