Experian dials up 192business

28th Nov 2011 09:29

Information services provider Experian is to buy UK identity verification specialist 192business.192business's services include personal data verification, fraud screening, online document verification and voice verification. It services a wide range of global clients, covering segments such as e-commerce, insurance, utilities, retail, finance and legal services. The company will be subsumed into Experian's Decision Analytics business line, expanding its range of identity verification and fraud prevention products and services.No pricing details of the acquisition were revealed but Experience did say that in the year to March 31st, 2011, 192business reported revenue from continuing operations of $11m, and at 31 March 2011 had gross assets of $9m. 192business will be acquired from its founding shareholder, senior employees and private investors. The acquisition will be funded from Experian's existing cash resources. --jh