Exhibit
99.1
1550 Peachtree Street,
N.W. Atlanta, Georgia 30309
For More
Information
Equifax
Tim
Klein
404-885-8555
404-771-2029
(wireless)
tim.klein@equifax.com
Jennifer
Costello
Equifax
Inc.
(404)
885-8907
jennifer.costello@equifax.com
Equifax
Acquires Anakam
Combination
Will Provide Industry-leading Portfolio of Online Identification and
Authentication Solutions
Atlanta –
October 4, 2010 -- Equifax Inc. (NYSE:EFX) announced today it has acquired Anakam®, Inc., a leader in
large-scale, software-based, multi-factor authentication solutions and
recognized recently by Inc. magazine as one of the fastest-growing private
companies in America. Terms of the transaction, which the companies
completed October 1, were not disclosed.
The
global identity management market, spurred by increases in online commerce and
information sharing, has become a large and growing market. With the
combination of Anakam’s Identity Suite® and
Equifax’s eIDverifier service, the company will be able to provide an
industry-unique single, integrated platform for two-factor identification as
well as no-touch, risk-based identity verification and identity
proofing.
Anakam
has focused on industries, including government and healthcare, where
traditional solutions have been inadequate in verifying and authenticating large
and diverse web users. The company created a revolutionary
authentication platform that is secure, scalable, and easy-to-deploy and use,
eliminating the need for hard tokens or the downloading of
software.
Founded
in 2004, Anakam is headquartered in San Diego, with additional offices in
Arlington, VA. It will become a division of Equifax, and become part
of the company’s Technology and Analytical Services organization.
“Leveraging
Anakam’s solutions and highly-experienced management team alongside Equifax’s
decisioning technology platforms, market presence and financial strength will
allow us to broaden our portfolio of solutions in this large and rapidly-growing
market,” said Rajib Roy, President, Equifax Technology and Analytical Services.
“With Anakam, Equifax will become a premier provider of cloud-based
authentication solutions.”
Equifax
has been an innovator in identity proofing, verifying more than 60 million
identities annually. Anakam’s unique software adds a secure, cost-effective
solution that can scale to millions of users while eliminating the need for
cards and tokens.
“The
acquisition by Equifax marks an exciting new direction, one in which we are
jointly taking identity services and trusted business enablement to the next
level,” according to Allan Camaisa, President and CEO of Anakam. “Our global
customers and prospects are making critical decisions on how to establish trust
and reduce fraud as they move their business operations online to eliminate
costs, increase efficiency and improve quality. The intellectual property that
Equifax and Anakam bring together around a single, integrated platform for
identity proofing and multifactor authentication will be a powerful force in the
exploding consumer authentication marketplace.”
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, Equifax Inc. operates in the U.S. and 15 other countries throughout
North America, Latin America and Europe. Equifax is a member of Standard &
Poor’s (S&P) 500® Index. Our common stock is traded on the New York Stock
Exchange under the symbol EFX.
About
Anakam (www.anakam.com)
Anakam®
is a global leader in multi-factor authentication, identity proofing and
verification technologies. With Anakam organizations can defend against
unauthorized access, system breach, data loss and fraud. Anakam’s flagship
product the Anakam Identity Suite® is an affordable and scalable solution which
gives organizations the power to configure authentication policy based on level
of risk, individual business unit use cases and compliance requirements. The
nation’s leading healthcare, government, banking and commercial organizations
have chosen Anakam to prove trusted access to their sensitive data. For
more information, please visit http://www.anakam.com.
Forward-Looking
Statements
This
press release includes forward-looking statements regarding Equifax’s
acquisition of ANAKAM, including statements related to Equifax’s and ANAKAM’s
product and service offerings, business strategy and general business
outlook. Any such statement may be influenced by a variety of
factors, many of which are beyond the control of Equifax or ANAKAM, 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, the expected benefits and anticipated synergies
of the combined companies may not be achieved after the closing, the combined
operations may not be successfully integrated in a timely manner, if at all, as
well as industry, general economic conditions, and competitive, legal,
governmental and technological factors. 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 or
ANAKAM.
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 and
ANAKAM assume 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.
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