Experian plc, formerly known as CCN Systems, is a global credit information group, with operations in 36 countries. The company employs 15,500 people with corporate headquarters in Dublin Dublin is the largest city (primate city) and the capital of Ireland. It is officially known in Irish as Baile Átha Cliath [bˠalʲə aːha klʲiəh] or Áth Cliath [aːh cliə(ɸ)]. The English name comes from the Irish Dubh Linn meaning "black pool". It is located near the midpoint of Ireland's east coast, at the mouth of the River, Ireland Ireland (pronounced [ˈaɾlənd],; Irish: Éire, pronounced [ˈeːɾʲə] ( listen); Ulster Scots: Airlann) is the third largest island in Europe and the twentieth largest island in the world. It lies to the northwest of continental Europe and is surrounded by hundreds of islands and islets. To the east of Ireland is Great Britain, separated from and operational headquarters in Nottingham Nottingham ( /ˈnɒtɪŋəm/ ) is a city and unitary authority area in the East Midlands region of the United Kingdom. It is located in the ceremonial county of Nottinghamshire, and is one of eight members of the English Core Cities Group. Whilst the City of Nottingham has a historically tightly drawn boundary which accounts for its relatively, England The area now called England has been settled by people of various cultures for about 35,000 years, but it takes its name from the Angles, one of the Germanic tribes who settled during the 5th and 6th centuries. England became a unified state in AD 927, and since the Age of Discovery, which began during the 15th century, has had a significant and Costa Mesa, California Costa Mesa is a suburban city in Orange County, California. The population was 116,479 as of January 1, 2009 . Since its incorporation in 1953, the city has grown from a semi-rural farming community of 16,840 to a suburban city with an economy based on retail, commerce and light manufacturing, U.S. ^ b. English is the de facto language of American government and the sole language spoken at home by 80% of Americans age five and older. Spanish is the second most commonly spoken language It is listed on the London Stock Exchange The London Stock Exchange is a stock exchange located in London, United Kingdom. Founded in 1801, it is one of the largest stock exchanges in the world, with many overseas listings as well as British companies. The exchange is part of the London Stock Exchange Group and so sometimes referred to by the ticker symbol for the group, LSE and is a constituent of the FTSE 100 Index The FTSE 100 Index — also called FTSE 100, FTSE, or, informally, the "footsie" — is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999.
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History
The Company was founded by John Peace in 1980 in Nottingham Nottingham ( /ˈnɒtɪŋəm/ ) is a city and unitary authority area in the East Midlands region of the United Kingdom. It is located in the ceremonial county of Nottinghamshire, and is one of eight members of the English Core Cities Group. Whilst the City of Nottingham has a historically tightly drawn boundary which accounts for its relatively as CCN systems, an information services business owned by GUS plc.[3]
In 1996 GUS plc acquired the US credit reporting business Experian, formerly known as TRW Information Services TRW Inc. was an American corporation involved in a number of businesses, some defense-related, but also including automotive, aerospace and credit reporting. The credit reporting business, spun off in 1996, is now called Experian. On December 12, 2002, Northrop Grumman acquired the corporation, retaining primarily the defense business, from Bain Capital Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $67 billion in assets, and its strategies include private equity, venture capital, public equity, high- and the Thomas H. Lee Partners Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations. [4] GUS combined Experian with CCN. GUS retained the Experian name for its combined credit services subsidiary. [5]
In 2004 Experian acquired CheetahMail, a business founded in 1998 provided e-mail marketing software and services .[6]
In August 2005 Experian accepted a settlement with the Federal Trade Commission The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of "consumer protection" and the elimination and prevention of what regulators perceive to be harmfully "anti-competitive" business practices, (FTC) over charges that Experian had violated a previous settlement with the FTC. The FTC's allegations concerned customers who signed up for the "free credit report" at Experian's Consumerinfo.com site. The FTC alleged that ads for the "free credit report" did not adequately disclose that Experian would automatically enroll customers in Experian's $79.95 credit-monitoring program. [7] [8]
In 2005 Experian acquired PriceGrabber for $485 million.[9] Also in 2005, Experian acquired FootFall, an information provider to the retail and retail property industries:[10] FootFall is now a part of Experian's marketing solutions division.
In September 2006 Experian announced its purchase of Northern Credit Bureaus, located in Quebec Quebec is the second most populous province, after Ontario. Most inhabitants live in urban areas near the Saint Lawrence River between Montreal and Quebec City, the capital. English-speaking communities and English-language institutions are concentrated in the west of the island of Montreal but are also significantly present in the Outaouais, the, Canada The land occupied by Canada was inhabited for millennia by various groups of Aboriginal peoples. Beginning in the late 15th century, British and French expeditions explored, and later settled, along the Atlantic coast. France ceded nearly all of its colonies in North America in 1763 after the Seven Years' War. In 1867, with the union of three.[11]
In October 2006 Experian was demerged Demerger is the converse of a merger or acquisition. It describes a form of restructure in which shareholders or unitholders in the parent company gain direct ownership in a subsidiary . Underlying ownership of the companies and/or trusts that formed part of the group does not change. The company or trust that ceases to own the entity is known as from the British company GUS plc and listed on the London Stock Exchange The London Stock Exchange is a stock exchange located in London, United Kingdom. Founded in 1801, it is one of the largest stock exchanges in the world, with many overseas listings as well as British companies. The exchange is part of the London Stock Exchange Group and so sometimes referred to by the ticker symbol for the group, LSE.[12]
In April 2007 Experian acquired Hitwise Experian Hitwise is a global online competitive intelligence service which collects data directly from ISP networks to aid website managers in analysing trends in visitor behavior and to measure website market share. The Hitwise product is a commercial platform whereby customers pay Hitwise a premium to access data reports for their vertical. A, an internet monitor that collects data directly from information service provider networks.[13]
In May 2007 Experian acquired the French leading e-mail marketing E-mail marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every e-mail sent to a potential or current customer could be considered e-mail marketing. However, the term is usually used to refer to: company Emailing Solution.[14]
In May 2007 Experian expanded its coverage of the customer lifecycle by acquiring the Tallyman debt collection management software from UK The United Kingdom of Great Britain and Northern Ireland[note 7] is a sovereign state located off the northwestern coast of continental Europe. It is an island country, spanning an archipelago including Great Britain, the northeastern part of the island of Ireland, and many small islands. Northern Ireland is the only part of the UK with a land-based Talgentra.[15]
In January 2008 Experian announced that it would cut over 200 jobs at its Nottingham office as it moved development work to India to reduce costs.[16]
Experian shut down its Canadian operations on 2009 2009 was a common year that started on a Thursday. In the Gregorian calendar, it was the 2009th year of the Common Era or of Anno Domini; the 9th year of the 3rd millennium and of the 21st century; and the 10th and last of the 2000s decade-04-18 April 18 is the 108th day of the year in the Gregorian calendar. There are 257 days remaining until the end of the year.[17]
Operations
Experian's principal lines of business are credit services, marketing solutions, decision analytics and interactive services. The company collects information on people, businesses, motor vehicles and insurance. It also collects 'lifestyle' data from on- and off-line surveys.
Its databases contain credit information[18] on 215 million people in the United States and 450 million vehicles, including title and registration data. It provides address information for more than 20 billion promotional mail items to more than 100 million households every year. Experian also provides credit reports on businesses. This business unit partnered with eCredit[19] (now Cortera) in June 2007.
Like the other major credit reporting bureaus, Experian is chiefly regulated in the United States by the Fair Credit Reporting Act The Fair Credit Reporting Act is a United States federal law (codified at 15 U.S.C. § 1681 et seq.) that regulates the collection, dissemination, and use of consumer information, including consumer credit information. (Full Statute (PDF).) Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in (FCRA). The Fair and Accurate Credit Transactions Act The Fair and Accurate Credit Transactions Act of 2003 is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and obtain a free credit report once every twelve months of 2003 2003 was a common year that started on a Wednesday, according to the Gregorian calendar. It was the 2003rd year of the Common Era or the Anno Domini designation; the 3rd year of the 3rd millennium and of the 21st century; and the 4th of the 2000s decade, signed into law in 2003, amended the FCRA to require the credit reporting companies to provide consumers with one free copy of their credit report per 12 month period. Like its main competitors, TransUnion TransUnion is the third largest credit bureau in the United States, which offers credit-related information to potential creditors. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers and Equifax Equifax Inc. is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit holders worldwide. Based in Atlanta, Georgia, Equifax, Experian markets credit reports Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonymous to credit history or to credit score directly to consumers. Experian heavily markets its for-profit credit reporting service, FreeCreditReport.com FreeCreditScore.com and FreeCreditReport.com are websites owned by Experian Consumer Direct, a subsidiary of the credit bureau Experian. The sites offer users their personal credit reports from Experian on the condition that they sign up for Experian's Triple Advantage credit monitoring program for a fee. The credit report also comes with the user', and all three agencies have been criticized and even sued for selling credit reports that can be obtained at no cost.[20][21]
Experian US handles its credit disputes in its National Consumer Assistance Center (NCAC) in Allen Allen is a city in Collin County, Texas, United States, and a wealthy northern suburb of Dallas. As of the 2000 census, the city had a total population of 43,554. As of 2007, the city's population is estimated at 77,644, Texas Houston is the largest city in Texas and the fourth-largest in the United States, while San Antonio is the second largest in the state and seventh largest in the United States. Dallas–Fort Worth and Greater Houston are the fourth and sixth largest United States metropolitan areas, respectively. Other major cities include El Paso and Austin—the. You may contact the NCAC once you have a copy of your personal credit report by calling the number that is located on the personal credit report itself. Experian opened a second NCAC in Santiago, Chile Santiago, (Spanish: Santiago de Chile ), is the capital and largest city of Chile, and the center of its largest conurbation (Greater Santiago). It is located in the country's central valley, at an elevation of 520 m (1,706.04 ft) Above mean sea level. Although Santiago is the capital, legislative bodies meet in the coastal town of Valparaíso, a during the boreal summer of 2007. Many divisions of the Allen NCAC as well as several other business functions including software development have been relocated to the Chile Chile (traditional English pronunciation /ˈtʃɪli/, also pronounced /ˈtʃiːleɪ/ ), officially the Republic of Chile (Spanish: República de Chile [reˈpuβlika ðe ˈtʃile] ( listen)), is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders location.
Experian provides regional data at nationalscoreindex.com which shows average credit scores by region and zipcode as well as various other measures of household debt. The site does not indicate if it uses a FICO based credit score A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus, the new VantageScore VantageScore is the name of a credit rating product that is offered by the three major credit bureaus . The product was unveiled by the three bureaus on 14 March 2006. The VantageScore is an attempt to compete with the FICO score produced by Fair Isaac.[citation needed], or some other scoring model.
The company's largest operation is Experian North America, a consumer credit reporting agency A credit bureau , or credit reference agency (UK) is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization providing information on individuals borrowing and bill paying habits. This helps lenders assess credit worthiness, the ability that is considered one of the three largest American credit agencies along with Equifax Equifax Inc. is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit holders worldwide. Based in Atlanta, Georgia, Equifax and TransUnion TransUnion is the third largest credit bureau in the United States, which offers credit-related information to potential creditors. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers (there is also a 4th agency known as Innovis Innovis is the 4th credit bureau (also known as a "Consumer credit reporting agency") in the United States, the other three being Equifax, Experian and TransUnion. Currently, a much smaller number of companies use Innovis for credit reporting, one being Trade Capital Company. Most sources of information about consumer credit repair do). As well as the US, Experian has operations in most European countries as well as Argentina The Argentine claims in Antarctica along with the Falkland Islands, South Georgia, and the South Sandwich Islands (administered by the United Kingdom) shown in light green, Brazil Brazil (pronounced /brəˈzɪl/ ; Portuguese: Brasil, IPA: [bɾaˈziw]), officially the Federative Republic of Brazil (Portuguese: República Federativa do Brasil, listen (help·info)), is the largest country in South America and the only Portuguese-speaking country in the Americas. It is the world's fifth largest country, both by geographical, Chile Chile (traditional English pronunciation /ˈtʃɪli/, also pronounced /ˈtʃiːleɪ/ ), officially the Republic of Chile (Spanish: República de Chile [reˈpuβlika ðe ˈtʃile] ( listen)), is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders, Costa Rica Costa Rica (pronounced /ˌkoʊstə ˈrikə/ ), officially the Republic of Costa Rica (Spanish: Costa Rica or República de Costa Rica, pronounced [reˈpuβlika ðe ˈkosta ˈrika]) is a country in Central America, bordered by Nicaragua to the north, Panama to the east and south, the Pacific Ocean to the west and south and the Caribbean Sea to the, South Africa Coordinates: 29°02′46″S 25°03′47″E / 29.046°S 25.063°E The Republic of South Africa is a country located at the southern tip of Africa, with a 2,798 kilometres coastline on the Atlantic and Indian Oceans. To the north lie Namibia, Botswana and Zimbabwe; to the east are Mozambique and Swaziland; while Lesotho is an independent, China China is seen variously as an ancient civilization extending over a large area in East Asia, a nation and/or a multinational entity, India India, officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with 1.18 billion people, and the most populous democracy in the world. Mainland India is bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal on the, Malaysia ^ b. The current terminology as per government policy is Bahasa Malaysia but legislation continues to refer to the official language as Bahasa Melayu (literally Malay language). English may continue to be used for some official purposes under the National Language Act 1967, Japan Japan is an island state in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is and Australia For at least 40,000 years before European settlement in the late 18th century, Australia was inhabited by indigenous Australians, who belonged to one or more of the roughly 250 language groups. After sporadic visits by fishermen from the immediate north and discovery by Dutch explorers in 1606, Australia's eastern half was claimed by the British.
Senior management
| role | salary | bonus | total | |
|---|---|---|---|---|
| Don Robert[22] | Chief executive officer | $1,400,000 | $2,370,000 | $3,770,000 |
| Paul Brooks[23] | Chief financial officer | £460,000 | £779,000 | £1,239,000 |
Competition
See also
| Companies portal |
References
- ^ Experianplc.com
- ^ a b c Annual Report 2009
- ^ Growing information arm shows value of Experian
- ^ Large British Retailer to buy US credit data company
- ^ [Experian plc - History Retrieved on 2010-07-15
- ^ Experian buys CheetahMail
- ^ "Consumerinfo.com Settles FTC Charges". Federal Trade Commission. http://www.ftc.gov/opa/2007/02/cic.shtm. Retrieved 2010-07-15.
- ^ Quotation marks around "free credit report" are part of FTC press release
- ^ Forbes
- ^ FootFall acquisition press release Retrieved on 2008-05-24
- ^ Experian expands operations in Canada
- ^ "London Stock Exchange company profile". London Stock Exchange. http://www.londonstockexchange.com/exchange/prices-and-news/stocks/summary/company-summary.html?fourWayKey=GB00B19NLV48JEGBXSET1. Retrieved 2009-07-17.
- ^ Hitwise acquisition press release. Retrieved on 2008-03-01.
- ^ Experian buys France's Emailing Solution
- ^ Experian Acquires Tallyman Collections Software. Retrieved on 2009-01-23
- ^ Experian to cut 200 jobs Computer Weekly. Retrieved March 3, 2008.
- ^ Experian Canada. Retrieved on 2009-03-25
- ^ Experian holds data on 450m consumers and 30m businesses worldwide
- ^ Experian.com, eCredit
- ^ Sullivan, Bob (2005-05-10). "Many free credit reports still aren't free". MSNBC.com (MSNBC). http://www.msnbc.msn.com/id/7803368/. Retrieved 2006-10-29.
- ^ "Experian, Consumerinfo.com Named In Class Action Suit". ConsumerAffairs.com. http://www.consumeraffairs.com/news04/experian_class_action.html. Retrieved 2006-10-29.
- ^ "Don Robert: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=1246449&capId=8122148. Retrieved 2009-09-17.
- ^ "Paul Brooks: Executive Profile & Biography". BusinessWeek. McGraw-Hill. http://investing.businessweek.com/research/stocks/people/person.asp?personId=1425531&capId=8122148. Retrieved 2009-09-17.
External links
- Experiangroup.com, Homepage
- Experian.com, Official US Website
- Experian.co.uk, Official UK Website
- Experian.com.my, Official Malaysia Website
- Experian.co.jp, Official Japanese Website
- Nationalscoreindex.com, National Score Index
- QAS.co.uk, Experian QAS - Contact Data Management Experts
Categories: Companies listed on the London Stock Exchange | Companies established in 1980 | Financial services companies of the United States | Credit rating agencies | Private equity portfolio companies | Companies of the Republic of Ireland
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