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1550 Peachtree Street, N.W. Atlanta, Georgia 30309
NEWS RELEASE
Media Contact:
Mitch Haws
404-885-8093
mitch.haws@equifax.com
Equifax to Acquire Naviant, Inc.
Combination Creates Pre-eminent eMarketing Leader
ATLANTA, August 15, 2002 Equifax Inc.
(NYSE:EFX) today announces acquisition of Naviant, Inc., a premier provider of precision eMarketing solutions for FORTUNE 500 clients. Naviants email database of more than 100 million unique permission-based addresses, the largest of its kind,
enables marketers to identify, target and build consumer relationships through email marketing. The price of $135 million will be accounted for as a purchase transaction.
The combination of Naviants unique email database with Equifaxs extensive marketing data and technology clearly positions Equifax as the pre-eminent leader in the eMarketing
field, said Thomas F. Chapman, Equifax chairman and CEO. Naviant accelerates our strategy of growth through the enrichment of our data assets and strategic acquisitions.
The benefits of the acquisition will be to:
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Accelerate growth in Equifaxs marketing services business; |
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Extend Equifaxs reach into new industries and further penetrate Naviants 3,000 customers; |
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Provide significant new distribution channel for Equifaxs rapidly growing Direct to Consumer business. |
Our combination with Equifax brings substantial strength and momentum to
our rapidly growing eMarketing business, said Naviants Michael Brauser. Brauser, who has served as Naviants CEO, will continue to oversee day-to-day operations. We are delighted to become a part of Equifax with its rich
legacy as a marketing services leader.
The acquisition is expected to have an immediate financial benefit
to Equifax. Naviants full-year 2002 revenues are expected to be approximately $60 million. The transaction is expected to be neutral to 2002 earnings and accretive in 2003.
The Naviant products and services include:
Email list sales: Naviant provides email list sales and fulfillment solutions to over 3,000 customers. The email lists include physical address, demographics and purchasing power on consumers who have given their
consent to receive marketing information.
Email Append: The Email append solution combines
Naviants email addresses with in-house customer databases to significantly reduce direct marketing costs while increasing results and tracking capabilities.
List Services: List services allow marketers to identify and market to active online households. The list services suite includes the High Tech Household
file, the largest and most comprehensive resource for Internet-enabled households.
About Equifax
Equifax, a 103-year-old S&P 500 company, enables and secures global commerce through its information management, marketing services,
direct to consumer, commercial and authentication businesses. As a leader in information technology, Equifax serves customers across a wide range of industries including the financial services, retail, healthcare, telecommunications/utilities,
brokerage,
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insurance and government industries. Equifax also enlightens, enables and empowers consumers to manage
and protect their financial health with services offered at www.equifax.com. The company ranked number five in return on equity among Business Weeks Best Performers during 2001. Equifax employs 4,800 in 12 countries and has $1.1 billion in
revenue.
About Naviant, Inc.
Naviant is a leading provider of integrated precision marketing tools for online and offline environments, enabling marketers to identify, target, reach and build relationships with consumers. Naviant
recently acquired both SweepsClub.com Inc., which specializes in reward-based e-mail marketing and postal direct-mail marketer Data One Marketing. For more information visit their website at www.naviant.com.
Statements in this press release that relate to Equifaxs future plans, objectives, expectations, performance, events and the like
are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause
actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for
the Companys products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the forward-looking information section in the managements discussion and
analysis included in the annual report on Form 10-K for the year ended December 31, 2001.
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