Experian Group Limited
25 July 2007
25 July 2007
Experian Group Limited
Acquisition of N4 Solutions
Experian, the global information solutions company, announces that it has
acquired N4 Solutions, a UK-based mortgage sector and financial services
software provider. The acquisition is a strong strategic fit with Experian's
consumer credit activities and represents a natural extension to Experian's
application processing capabilities.
Founded in 1999, N4 Solutions provides industry-leading software which helps
mortgage providers to allocate the most appropriate mortgage to a customer,
while helping financial services clients meet key compliance objectives. Its
clients include large UK mortgage providers, such as Barclays, Nationwide and
Portman.
Sales of N4 Solutions in the year to 31 March 2007 were £9m and gross assets as
at 31 March 2007 were £2m, excluding cash. The company was purchased from its
founders and will form part of Experian's Credit Services activities.
Enquiries
Experian
Nadia Ridout-Jamieson Director of Investor Relations 020 3042 4278
Finsbury
Rollo Head 020 7251 3801
James Wyatt-Tilby
Experian announcements are available on www.experiangroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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