TransUnion plans to accelerate the modernization of delivery of Verisk Financial’s products by leveraging the technology of its PRAMA Analytics Platform. With the acquisition of Verisk Financial, TransUnion intends to provide enhanced insights and solutions to help consortium members increase financial inclusion, acquire new accounts, and improve fraud prevention, risk management and targeting through better application of solutions like CreditVision ® and CreditVision ® Link. “Verisk Financial is a distinctive business with authoritative, differentiated data - particularly from Argus’s consortium of lender-contributed data and analytics. TransUnion’s broad range of data, analytics and technology enhances Verisk Financial’s existing data set and expands their addressable market while delivering valuable innovation to members of the consortium,” said Chris Cartwright, President and CEO of TransUnion. Verisk Financial is expected to be immediately accretive to 2022 Adjusted EPS upon closing. TransUnion also expects to achieve an Adjusted EBITDA margin of approximately 40% by 2026. Verisk Financial is expected to grow revenue low-single-digits in 2022, which TransUnion expects to accelerate to high-single-digits in 2023 and into the low-double-digits in 2024 as part of the combined company. In 2021, Verisk Financial generated $143 million of revenue and $41 million of Adjusted EBITDA before corporate allocations and one-time discrete costs, or 29% margin. TransUnion has agreed to acquire Verisk Financial for $515 million, which will be funded with cash on hand. Verisk Financial’s leading business, Argus Information & Advisory Services, provides proprietary competitive portfolio performance insights sourced from a consortium of financial institutions, which complements TransUnion’s ability to help participating customers understand consumer behavior through a “full wallet view.” Around the core Argus business, Verisk Financial has added capabilities to address merchant fraud, regulatory compliance and consumer bankruptcy for financial institutions around the world. Verisk Financial is relied upon by leading financial institutions, payments providers and retailers worldwide for competitive studies, predictive analytics, models and advisory services to provide a clear perspective on where their business stands today - and how to best position them for success in the future. 22, 2022 (GLOBE NEWSWIRE) - TransUnion (NYSE:TRU) has signed a definitive agreement to acquire Verisk Financial Services, the financial services business unit of Verisk (Nasdaq: VRSK). Together, Verisk Financial and TransUnion create a “full wallet view” of consumer spend and produce actionable new insights into consumer behavior for participating customers.ĬHICAGO, Feb.Verisk Financial’s leading business, Argus Information & Advisory Services, focuses on credit and debit card accounts and demand deposit account behaviors that complement TransUnion’s core consumer credit business.While you do need to freeze your credit with all three credit bureaus for the credit freeze to be effective, you do not need to call – TransUnion, Equifax and Experian all offer the option of freezing your credit through an online account.Do I need to call all three credit bureaus to unfreeze my credit?.Simply click "Unfreeze" and log in to get started. Yes, it's easy to unfreeze your TransUnion credit report online.Simply sign up for these accounts and freeze and unfreeze your credit as you need. However, they all offer credit freeze features as part of free online accounts. TransUnion, Equifax and Experian are all separate companies, so there's no way to freeze your credit with all three reporting agencies at once.
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