Equifax adds British tech firm TDX in $327M deal

By VCPOST Staff Reporter

Jan 17, 2014 03:42 PM EST

Consumer credit reporting firm Equifax has added UK technology company TDX Group in a $327-million acquisition deal. The addition will allow the Atlanta-based company to expand its data and analytics services to debt collectors and collection agencies beyond the US, according to The Atlanta Journal Constitution (AJC).

Paulino Barros, Equifax International President, said of the deal: "This will help us to enter into a segment that we do not participate today, especially outside the U.S. This [TDX] is an established business in the world and there is some potential for us to get some of this market because we have the capabilities and the skills now to do it."

TDX Group helps enterprise clients manage and simplify the process of debt collection through its flagship applications. The British firm currently employs around 340 workers. Last year, TDX posted revenue of about $90 million, the report detailed.

Equifax, on the other hand, has around 7,000 employees all over the world. The company's reported revenue in 2012 reached $2.2 billion, AJC reported.

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