Experian, the global information services company, announces that it has acquired LM Group Ltd (“LM Group”), a leading provider of commercial credit information to small and medium enterprises (SMEs) in the UK.
Founded in 1994, LM Group, trading as Riskdisk Ltd, provides commercial credit reports and commercial risk information to approximately 18,000 SME businesses in the UK. LM Group is an existing partner of Experian.
The acquisition of LM Group is consistent with Experian’s strategy to further penetrate new customer segments. It will expand Experian’s presence in the SME market, where the use of commercial credit information is growing rapidly. LM Group will also extend Experian’s SME product suite and increase speed to market by adding new sales capabilities.
In the year to 31 October 2010, revenue for LM Group was £7m (c. US$11m). Gross assets as at 31 October 2010 were £4m (c. US$7m). LM Group was acquired from its founding shareholders and senior employees, and will form part of Experian’s Credit Services activities in the UK. The acquisition has been funded from Experian’s existing cash resources.
|Nadia Ridout-Jamieson||Director of Investor Relations||+44 (0)20 3042 4215|
|James Russell||Public Relations Director|
|Rollo Head||+44 (0)20 7251 3801|
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was US$4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit www.experianplc.com