Equifax buys US-based ID Watchdog for nearly $63 million

Equifax for business technologyEquifax has acquired ID Watchdog, an identity theft protection and resolution company in the US, for nearly $63 million.

Headquartered in Atlanta, Ga., Equifax said ID Watchdog will continue to be based in Denver and provide service to its enterprise clients and consumer base.

Equifax organizes and analyzes data on more than 820 million consumers and more than 91 million businesses worldwide, and its database includes employee data contributed from more than 7,100 employers.

Dann Adams, president of Global Consumer Solutions at Equifax, said: “Merging our Identity solutions and industry relationships will significantly increase the access, range, and depth of our employee benefits solutions.”

Equifax earlier said it posted quarterly revenue of $856.7 million (+6 percent) and net income of $165.4 million (+26 percent) in the second quarter of 2017.

Equifax said USIS revenue was $331.9 million (+8 percent) driven by mortgage, marketing and analytic services, and identity and fraud solutions. Operating margin for USIS was 45.1 percent in Q2 compared to 43.5 percent in Q2 of 2016. Adjusted EBITDA margin for USIS was 51.5 percent in the second quarter of 2017 compared to 50.4 percent.

Equifax said Online Information Solutions revenue was $232.6 million (+6 percent), while Mortgage Solutions revenue was $38.6 million (+10 percent) and Financial Marketing Services revenue was $60.7 million (+15 percent).

International drove double-digit local currency growth and made progress on their technology platforms and new product initiatives. Total revenue was $231.4 million (+6 percent) with operating margin of 19.9 percent (15.4 percent).

Equifax said Asia Pacific revenue was $76.5 million (+6 percent), Europe revenue was $68.5 million (+2 percent), Latin America revenue was $52.9 million (+13 percent), Canada revenue was $33.5 million (+4 percent).

Workforce Solutions revenue was $194.5 million (+10 percent) with operating margin of 45.7 percent in the second quarter of 2017 compared to 44.2 percent in the second quarter of 2016.

Equifax said Verification Services revenue was $130.3 million (+19 percent), Employer Services revenue was $64.2 million (–5 percent) and Global Consumer Solutions revenue declined 8 percent in the quarter to $98.9 million.

Related News

Latest News

Latest News