TDX Group, a British subsidiary of Atlanta-based Equifax Inc., has signed a multimillion-dollar contract to provide debt recovery services to the United Kingdom government.
The government is trying to collect more than £22 billion ($34 billion) in outstanding debt.
Six government departments will rely on a newly created entity, Integrated Debt Services Ltd., for debt recovery services.
TDX, whose applications allow corporate and government clients to manage their debt collection processes, will provide the services to IDS through a multi-year contract.
Equifax, a consumer credit reporting company that also provides credit protection services, acquired TDX earlier this year for $327 million.
Equifax said the acquisition allowed it to expand its data and analytics services to debt collectors and collection agencies beyond the U.S.
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