Experian, the credit checking business, yesterday said it had agreed to buy 192business for an undisclosed amount. 192business – which provides services such as personal data verification, fraud screening, online document verification and voice verification – posted revenue from continuing operations of $11m (£7.1m) in the year to 31 March and has gross assets of $9m. The firm will be acquired from its founding shareholder, senior employees and private investors using funds from Experian’s existing cash resources. It will be subsumed into Experian’s Decision Analytics business line.
29 November 2011 1:07am