Experian Continues Acquisition Strategy, Adding illion to Enhance ANZ Offerings
Acquisition Overview
Experian, a global information services company, has announced the strategic acquisition of illion, a leading provider of data and analytics services in Australia and New Zealand (ANZ).
The acquisition, finalized on March 31, 2022, signifies Experian's commitment to expanding its presence in the ANZ region and enhancing its service offerings.
Rationale for Acquisition
Strategic Growth Areas
Experian's acquisition strategy focuses on expanding into new markets and supplementing existing businesses.
The acquisition of illion aligns with this strategy by allowing Experian to:
- Enter the Australian consumer credit reporting market
- Bolster its existing data and analytics capabilities in the region
Enhanced Choice in ANZ
The acquisition will enable Experian to provide customers in ANZ with a wider range of products and services.
By combining illion's expertise in data and analytics with Experian's global scale and capabilities, customers will benefit from:
- Improved access to credit information
- Enhanced insights for risk management and decision-making
Outlook
Experian believes that the acquisition of illion will significantly contribute to its growth in the ANZ region.
By leveraging illion's data and analytics expertise, Experian aims to become the leading provider of data-driven solutions for businesses and consumers in ANZ.
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