Equifax acquires Forseva, announces higher profits
Equifax, the Atlanta information company, added new products and got existing customers to use more of its offerings, chairman and CEO Richard Smith said in a statement. He anticipated a strong 2014.
“We have a number of exciting initiatives underway,” he said.
2013 revenues were more than $2.3 billion, up 11 percent from the year before. Profits were up 29.3 percent last year, to $351.8 million.
Equifax’s U.S. Consumer Information Solutions business was particularly strong, especially in consumer financial marketing services. Verification revenue — particularly related to mortgage verification — was down.
Equifax anticipates 2014 revenue between $2.425 billion and $2.475 billion. The company reported its earnings Thursday, a day later than originally planned due to the ice storm that crippled a large portion of metro Atlanta and the state.
Equifax announced Friday it had acquired Forseva, a company that develops applications that improve risk assessment and organizational efficiency. Terms of the deal were not disclosed.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
