Equifax to Buy Remaining Stake in NettPositive

US-based consumer credit data agency Equifax is to acquire the remaining 49% of Bangalore-based NettPositive Business Analytics. Terms of the deal were not disclosed.

Equifax - which collects data on more than 500 million consumers and 81 million businesses worldwide - acquired a 51% stake in NettPositive in 2012.

NettPositive will now become an operating entity of Equifax India. Founded in 2007 by Viraj Tyagi and Nitin Gupta, the company offers a range of analytics and business intelligence solutions to the financial services, insurance, retail and telecoms sectors - these include credit scoring, segmentation, predictive modelling and campaign management. As well as its operations in Bangalore, the firm has offices in Mumbai and Dubai.

Shahid Charania, Equifax MD of Emerging Markets, comments: 'India has one of the largest economies in the world, and as a global information solutions provider, we are constantly looking for better ways to meet our customers' needs. The combination of data and analytics will allow Equifax India to give its customers a more complete, comprehensive picture of the consumers it is serving today - as well as the ones it wishes to embrace in the future.'

Web sites: www.equifax.com and www.nettpositive.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.