25th Jul 2007 09:00
Experian Group Limited25 July 2007 25 July 2007 Experian Group Limited Acquisition of N4 Solutions Experian, the global information solutions company, announces that it hasacquired N4 Solutions, a UK-based mortgage sector and financial servicessoftware provider. The acquisition is a strong strategic fit with Experian'sconsumer credit activities and represents a natural extension to Experian'sapplication processing capabilities. Founded in 1999, N4 Solutions provides industry-leading software which helpsmortgage providers to allocate the most appropriate mortgage to a customer,while helping financial services clients meet key compliance objectives. Itsclients include large UK mortgage providers, such as Barclays, Nationwide andPortman. Sales of N4 Solutions in the year to 31 March 2007 were £9m and gross assets asat 31 March 2007 were £2m, excluding cash. The company was purchased from itsfounders and will form part of Experian's Credit Services activities. Enquiries ExperianNadia Ridout-Jamieson Director of Investor Relations 020 3042 4278 FinsburyRollo Head 020 7251 3801James Wyatt-Tilby Experian announcements are available on www.experiangroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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