Exhibit
99.1
1550
Peachtree Street, N.W. Atlanta, Georgia 30309
Tim
Klein
404-885-8555
404-771-2029
(wireless)
tim.klein@equifax.com
Equifax
Signs Agreement to Sell APPRO
ATLANTA,
April 5, 2010 — Equifax Inc. (NYSE: EFX) today announced it has entered into a
definitive agreement to sell its Equifax Enabling Technologies LLC unit,
consisting primarily of the APPRO suite of loan origination software (“APPRO”),
to CRIF Corporation, an affiliate of CRIF S.p.A., an Italian credit reporting
firm. The sales price is $72.4 million, subject to adjustment. The
transaction is expected to close in April, upon satisfaction of customary
closing conditions. Equifax intends to use the net proceeds from the transaction
for general corporate purposes. The divestiture is not expected to
have a material impact on adjusted EPS for full-year 2010.
APPRO is
a leading provider of comprehensive loan origination systems for financial
institutions and is based in Baton Rouge, Louisiana. CRIF Corp., with
headquarters in Tampa, is a provider of decision support systems, business
information solutions, credit management, direct marketing and credit collection
services. CRIF S.p.A., is based in Bologna, Italy, and is a leading provider of
banking credit information in Europe, including business and commercial
information and credit and marketing management services.
About
Equifax (www.equifax.com)
Equifax
empowers businesses and consumers with information they can trust. A global
leader in information solutions, we leverage one of the largest sources of
consumer and commercial data, along with advanced analytics and proprietary
technology, to create customized insights that enrich both the performance of
businesses and the lives of consumers.
With a
strong heritage of innovation and leadership, Equifax continuously delivers
innovative solutions with the highest integrity and
reliability. Businesses – large and small – rely on us for consumer
and business credit intelligence, portfolio management, fraud detection,
decisioning technology, marketing tools, and much more. We empower
individual consumers to manage their personal credit information, protect their
identity, and maximize their financial well-being.
Headquartered
in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries
throughout North America, Latin America and Europe. Equifax is a member of
Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the
New York Stock Exchange under the symbol EFX.
Forward-Looking
Statements
This
press release includes forward-looking statements regarding Equifax’s proposed
sale of APPRO, including statements related to product and service offerings and
businesses of Equifax, APPRO, CRIF and CRIF S.p.A. and the expected impact
of the transaction on Equifax’s financial results for 2010. Any such statement
may be influenced by a variety of factors, many of which are beyond the control
of Equifax, APPRO, CRIF and CRIF S.p.A., that could cause actual outcomes and
results to be materially different from those projected, described, expressed or
implied in this press release due to a number of risks and uncertainties.
Potential risks and uncertainties include, but are not limited to, that
the transaction will not close or that the closing may be delayed, and
Equifax’s expectations for the use of the net proceeds from the
transaction. Accordingly, no assurances can be given that any of the
events anticipated by the forward-looking statements will transpire or occur, or
if any of them do so, what impact they will have on the results of operations or
financial condition of Equifax.
Certain
additional factors are set forth in Equifax’s Annual Report on Form 10-K
for the year ended December 31, 2009 under Item 1A, “Risk Factors”, and its
other filings with the Securities and Exchange Commission. Equifax assumes
no obligation to update any forward-looking statements to reflect events that
occur or circumstances that exist after the date on which they were
made.
SOURCE
Equifax Inc.