TransUnion, has acquired a majority stake in Crivo Sistemas em Informatica S.A., a leading decisioning and analytics firm. This acquisition marks TransUnion’s entrance into the Brazilian market. Financial terms of the deal were not disclosed.
Crivo’s proprietary technologies are currently employed in growth industries such as credit, telecommunications, insurance and retail. Both Crivo’s market segments and capabilities closely align with TransUnion’s growing Latin America and Asia-Pacific presence.
About Crivo: Crivo is a Brazilian company of software and services of credit, risk and fraud decision, founded in 2000, to serve banks, financial institutions, insurance companies, mobile operators and retailers. The company launched itself with the Crivo credit decision software and has been developing new products over the years. Today, the company provides solutions to meet the need of credit process of companies in several sectors.
For over ten years, customers have trusted Crivo to deliver innovative solutions, analytical skills and specialist software products that enable organizations to increase the speed and quality of their decision-making processes. The company is responsible for one of the biggest decisioning technology software platforms, assisting companies to evaluate the risks and rewards associated with providing credit to consumers and businesses. Crivo’s information allows clients to make better informed lending decisions, improving their profitability.
“We have long been committed to strengthening our strategic presence in Latin America, and this union with Crivo represents our first foray into the Brazilian market,” Andrew Knight, president of TransUnion International, said in a statement.
Source: Crivo / TransUnion Press Release