29/10/2001

Experian acquires Interface Business Information

Experian, the global information solutions company, has continued its growth in Ireland with the acquisition of Interface Business Information (IBI), one of Ireland’s leading business information providers.

Dublin-based Experian Ireland, already a significant provider of business information in Ireland following the acquisition of ITPA in 1998, will merge with IBI to become the leading local provider of business information.

With the acquisition of IBI, formerly part of French & Associates, a leading provider of Order-to-Cash outsourcing solutions, Experian will create the largest and most comprehensive web-enabled financial information resource on Irish companies.

Richard Fiddis, Chief Operating Officer at Experian, said: “This acquisition is an important element of our successful strategy of building the leading business in Ireland to provide business information services to Irish companies and the country’s financial services industry.

“As the global economic slowdown has impacted on the Irish economy, company insolvencies have begun to increase, so companies need rapid access to accurate information about the companies they trade with in order to do all they can to avoid the risk of trading with companies that find themselves unable to pay their bills.

“Since Experian acquired ITPA more than three years ago, we have made considerable investments in new technology to enhance the amount and content of the information available on companies and the methods of delivery of that information to our clients.”

He said that the acquisition was further evidence of Experian’s commitment to the Irish market and to providing increased levels of service to clients of both businesses, with improved online delivery, more comprehensive financial information on companies in Ireland and a broader product range.

In addition to providing financial information for credit management on companies in Ireland and abroad, Experian is also well known in Ireland for its weekly Gazette, which lists all bankruptcies and Registered Judgments.

Interface Business Information is one of the leading providers of Irish business information to overseas-based companies. (MB)

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