1st Oct 2013 07:08
LONDON (Alliance News) - Experian PLC said Tuesday it has signed a definitive agreement to acquire The 41st Parameter Inc., a fraud-detection services company in the US for a total of USD324 million, USD14 million of which is subject to limited two-year earn-out provisions.
This acquisition will be funded from Experian's existing cash resources. The information services company says it expects 41st Parameter to deliver around USD26 million of revenue for the year ending December 31.
Experian shares are up 14.00 pence, or 1.2% at 1,191.00p at the open Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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