"Together with Appriss Insights and its employees, Equifax Workforce Solutions will accelerate the development of new services leveraging our market leading The Work Number® database of income and employment information alongside unique data assets from Appriss Insights. "Deeper data insights drive better decisions, whether you are an employer, background screener, healthcare provider, or social service agency," said Rudy Ploder, president of Equifax Workforce Solutions. They also are used by law enforcement and government agencies to support active investigations and aid in the efficient delivery of government entitlement programs, helping to get much-needed benefits to those who are eligible while mitigating fraud and reducing waste. In addition to helping keep crime victims safe, these differentiated data assets are used in background checks within the hiring process to help identify and mitigate people-based risk. The company also has built a proprietary national criminal justice database, NCIS™, the industry's most extensive and flexible national criminal file. Appriss Insights maintains the nation's most comprehensive and up-to-date incarceration data network with more than 170 million historical booking records accounting for over 90 percent of near real-time incarcerations in the United States. VINE uses Appriss' robust incarceration data network to deliver more than 25 million notifications every year and is utilized by 47 states and the territory of Guam to protect crime victims. government social services delivery market - areas seeing increasing demand for criminal background checks and continuous monitoring services.Īppriss Insights was founded in 1994 with the creation of the VINE® network, a proprietary victim notification network that empowers victims with timely and reliable information regarding incarcerated persons. talent acquisition market and $2 billion U.S. Eastern Time (ET).Īppriss Insights will expand Equifax relationships with employers, background screeners, and state and federal government agencies, extending Equifax reach into the $5 billion U.S. Appriss Insights is expected to generate approximately $150 million of revenue in 2021, up 30% over last year, and the transaction is expected to be strongly accretive to Equifax Adjusted EPS in 2022. An investor call and webcast on the agreement will be held on Augat 8:30 a.m. This acquisition will expand the breadth of differentiated data sources "Only Equifax" can provide, expanding the company's market-leading and fast growing Workforce Solutions verification capabilities, enhancing identity and fraud prevention offerings, advancing the strategy for a comprehensive Workforce Solutions data hub, and helping public and private organizations tap into timely, decision-critical data that helps employers reduce workforce risk and communities improve delivery of government entitlement programs. (together with its affiliates, "Clearlake") and Insight Partners, provides data used in public and workplace safety, law enforcement, fraud detection and prevention, and healthcare credentialing. Appriss Insights, a portfolio company of Clearlake Capital Group, L.P. In conjunction with the acquisition, Equifax will receive a tax benefit with a net present value at time of purchase of approximately $360 million. 10, 2021 /PRNewswire/ - Equifax® (NYSE: EFX) a global data, analytics and technology company has signed a definitive agreement to acquire Appriss Insights, a trusted and comprehensive source of risk and criminal justice intelligence, for $1.825 billion.
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