Experian Sells Off FootFall Arm

Information solutions giant Experian has sold its retail intelligence business FootFall for £38.5m ($60m) to Tyco, a provider of retail performance and security solutions.

Footfall is based in Solihull, UK, with operations in Europe, Asia and the US, and was acquired by Experian in 2006.The business provides thousands of retailers and retail property owners with technology, services and retail analytics solutions to collect and analyse customer traffic in their stores, and currently has more than 50,000 devices installed in approximately 13,000 retail sites. In addition, its Retail FootFall Index (RFI) provides a set of national trend indexes measuring shopper numbers, used by retailers and shopping centres across the globe as a consistent performance benchmark.

FootFall's revenue for the year ended 31st March 2015 was $39m. Experian CEO Brian Cassin said the sale reflects a decision that the business lies outside Experian's core business strengths.

Nancy Chisholm (pictured), President, Tyco Retail Solutions, added: 'The FootFall acquisition not only complements our existing portfolio of information-based store performance solutions, but is also consistent with our growth and innovation strategy. This investment positions Tyco as a leading provider of traffic intelligence solutions globally, while strengthening and differentiating our Internet of Things (IoT) solutions that deliver real-time visibility with predictive capabilities into inventory, shrink and shopper behaviour'.

Web sites: www.experianplc.com , www.tycoretailsolutions.com and www.footfall.com .

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