ATLANTA, March 9, 2021 /PRNewswire/
-- Equifax® (NYSE: EFX) announced today that it has
closed the acquisition of HIREtech, a technology-focused human
capital management (HCM) and employer tax incentive firm. With this
acquisition, Equifax expands the Workforce Solutions' portfolio
with the HIREtech suite of products, accelerating offerings for
both employer and verification services. As digital efficiency
continues to accelerate in the human resources (HR) space,
acquiring HIREtech advances the Equifax commitment to help support
the HR and Payroll industry with more automated and better
data-driven services that help simplify complex, manual HR
tasks.
"We are energized by the opportunities we can offer by adding
the HIREtech capabilities to our differentiated Workforce
Solutions' Work NumberⓇ income and employment
verification and HR services," said Mark W.
Begor, Chief Executive Officer, Equifax. "Our cloud native
footprint has enhanced our ability to integrate new alliances and
acquisitions and drive synergies more quickly - as we believe only
Equifax can. We are reinvesting our strong 2020 financial
performance to help continue the expansion of our unique data
assets and capabilities, making bolt-on M&A central to our
future growth strategy."
HIREtech offers a robust technology platform that offers
businesses access to data and intelligence that helps guide
important financial and hiring decisions. Bridging the gap between
human resources, tax, and finance, the HIREtech capabilities will
help expedite innovation within the Workforce Solutions business
unit at Equifax.
"This acquisition further reinforces the value that Equifax
Workforce Solutions delivers as a provider of innovative,
data-driven HR services, which has become critical as workforces
shift to meet the evolving needs of employees and new work
environments," said Joe Muchnick,
SVP at Equifax Workforce Solutions. "Together we can accelerate our
ability to help provide employers with new innovations and
actionable insights that better support their workforce."
HIREtech, an Equifax company, is now part of the Workforce
Solutions business unit at Equifax. The HIREtech leadership team
has assumed roles with Equifax as part of the new Houston, Texas-based division of Equifax
Workforce Solutions.
"It is an exciting time to be in the HR technology field," said
HIREtech CEO Brian Cameron. "Joining
Equifax means we will be collaborating with sophisticated analytics
teams and new cloud-based tools to help employers access the nearly
real-time data and insights that help support critical financial
and hiring decisions."
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employees, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 11,000 employees worldwide, Equifax
operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
FOR MORE INFORMATION
mediainquiries@equifax.com
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SOURCE Equifax Inc.