Daily Research News Online

The global MR industry's daily paper since 2000

Equifax Buys Stake in NettPositive Business Analytics

December 6 2012

US-based consumer credit data agency Equifax has acquired a 51% controlling stake in Bangalore-headquartered NettPositive Business Analytics. Terms of the deal were not disclosed.

Viraj TyagiFounded in 2007, NettPositive offers a range of analytics and business intelligence solutions - such as credit scoring, segmentation, predictive modelling, and campaign management - to the financial services, insurance, retail and telecoms sectors. As well as its operations in Bangalore, the firm has offices in Dubai, and New Jersey.

Equifax - which collects data on more than 500 million consumers and 81 million businesses worldwide - says the transaction will help it create a 'multi-bureau solution' offering custom analytics to the Indian market.

NettPositive co-founder and CEO Viraj Tyagi (pictured) says that the combination of the two firms will provide a 'robust proposition' to customers in India.

Shahid Charaniam, Equifax Director of Emerging Markets, adds: 'Integrating NettPositive's unique business intelligence capabilities and proven analytical software solutions will enable Equifax to strengthen its in-country credit reporting capabilities, drive sustainable growth, and innovate into additional emerging markets.'

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.

Select a region below...
View all recent news
for UK
UK
USA
View all recent news
for USA
View all recent news
for Asia
Asia
Australia
View all recent news
for Australia

REGISTER FOR NEWS EMAILS

To receive (free) news headlines by email, please register online