Johannesburg, 1 May 2019: Experian today completed its historic acquisition of Compuscan and Scoresharp. The combined organisation will spur financial inclusion across the African region, bringing more people into the credit economy and helping create a better tomorrow for millions of people.
The acquisition will also deliver a wide range of services and opportunities for clients and employees across the group. Enhanced innovation, product and service capabilities will be deployed across the region, building on Compuscan’s presence in six Sub-Saharan African countries and both companies’ existing South African footprints. To deliver this goal, Experian has committed to spend at least R120 million on technological enhancements, establishing South Africa as an investment hub.
The acquisition will extend the services offered to clients of both companies. Compuscan and Scoresharp’s analytics, scores and data quality will further strengthen Experian’s core bureau data and decisioning software, while Experian’s global technology capabilities and complex Business Information will add depth and breadth to Compuscan and Scoresharp’s services.
Compuscan founder and Chief Executive Remo Lenisa takes on a new role as Chief Executive of the joint organisation, alongside a combined leadership team.
Charles Butterworth, managing director of Experian UK&I and EMEA, said: “This is a major achievement for Experian in the South African market and the wider Africa region and demonstrates our commitment to economic development. South Africa is a vital hub for our regional strategy and this acquisition is just one of the investments we’ve made to build our presence here. Together with Compuscan and Scoresharp we are in a position to deliver a new world of opportunities for both our clients and our people by expanding both companies’ successes across Africa.”
Remo Lenisa, CEO of Compuscan, said: “We are bringing together the best of both organisations to create a single, powerful, customer-centric business. Compuscan and Scoresharp bring analytical scale, relationships and expertise, alongside advanced bureau technology and data quality. Experian brings global experience, technology and innovation, with digital capabilities, machine learning and software. All three organisations are deeply committed to the importance of quality, accurate and reliable data. I am excited by the opportunity for the newly combined organisation to bring new innovations to market at a faster scale, enabled by our shared bureau data.”
ENDS
Contact:
Taryn Stanojevic
Experian South Africa
+27 11 799 3434
Leigh-Anne Sa Joe
Meropa Communications
+27 11 506 7300
About Experian
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
We have 16,500 people operating across 39 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.