TransUnion Completes Acquisition of TLO

Posted by Joachim Bartels | Dec 17, 2013 | Analytics, Consumer Credit Information, Credit Bureau Operations, Credit Scoring & Decision System, Member, Member News, Ownership Changes of Information Companies, TransUnion, Uncategorized, United States | 0 |

TransUnion announced 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.

Source: Pr-inside.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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