ATLANTA, March 24, 2021 /PRNewswire/ -- Equifax®
(NYSE: EFX) announced today that it has closed the acquisition of
i2verify, an income and employment verification provider.
With this acquisition, Equifax expands its suite of automated
verification capabilities and brings incremental efficiencies to
both consumers and credentialed verifiers. Known for pioneering the
automation of income and employment verifications, Equifax, through
its flagship service - The Work Number® - has helped to
digitize and accelerate billions of critical decisions that
consumers need for credit, employment, social services and
more.
"We continue to invest in unique, differentiated data -
establishing Equifax as the clear industry leader in the best
position to bring new and differentiated solutions to our customers
and their consumers," said Mark W.
Begor, Chief Executive Officer, Equifax. "Our ability to
integrate new data and drive synergies is powered by our
cloud-native capability that only Equifax can provide. This enables
rapid adoption and integration of bolt-on M&A and innovation
that we can deploy more quickly into the marketplace and drive
Equifax growth."
Founded in 2011, i2verify is an income and employment
verification provider, offering instant access to employment and
wage data to verifiers who meet requirements for access under the
Fair Credit Reporting Act. i2verify serves employers nationwide,
with a concentration in the healthcare and education sectors that
enhances the existing services offered through The Work Number. The
i2verify capabilities will further the progress made by Equifax
Workforce Solutions to help increase consumer access to credit
through secure and efficient digital verifications.
"The addition of i2verify gives Equifax Workforce Solutions
additional momentum as we work to help accelerate the process for
consumers applying for mortgages, social service benefits, and
other important financial services," said Joe Muchnick, SVP at Equifax Workforce
Solutions. "It is highly complementary to our core and presents
additional opportunities to meet the evolving needs of our
clients."
i2verify, an Equifax company, is now part of Workforce
Solutions, the fastest-growing business unit at Equifax and the
i2verify leadership team has assumed roles with Equifax Workforce
Solutions.
"Instant access to employment and income data has never been
more critical," said Kevin Murphy,
CEO of i2verify. "As verifiers and
consumers look to connect the dots associated with employment
through a single user experience, joining the Equifax team will
allow us to deliver an optimal solution to both our verifier and
consumer communities. We are truly excited to collaborate as part
of the Equifax team and look forward to championing the benefits of
real-time, automated verifications to all our users."
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.