22 June 2006
Experian®, the global information solutions company, today announces the acquisition of Eiger Systems, a market-leading provider of bank account validation and payment processing software. Eiger Systems strengthens Experian’s expertise in data integrity, and further extends its services within the fast-growing payments arena.
Based in Rugby, UK, Eiger Systems was founded in 1997 and currently employs over 80 people. More than 1,000 organisations and over one third of FTSE 100 companies use Eiger Systems’ software, including many of Europe’s clearing banks, insurance companies, telecommunication providers, utility companies, building societies, charities, local authorities and central government departments. These include Nationwide Building Society, Standard Life Assurance, The Carphone Warehouse, Scottish Power and BT Retail.
Harry Meikle, Group Managing Director of QAS, stated: “The acquisition of Eiger Systems, a successful fast growing company, reflects the strong strategic fit between both organisations. It also reinforces Experian’s ability to provide clients in the UK and overseas with a suite of complementary data accuracy software products to ensure that the integrity of customer data – both personal and financial – is captured with greater precision. Together, our joint proposition will provide significant opportunities for future growth and add a new dimension to the scope, scale and range of software solutions we are able to offer our clients.”
Callum Johnston, Managing Director of Eiger Systems, added: “As an Experian company we can now leverage its considerable resources to take Eiger Systems’ business in Europe to the next level. Given the high growth expected in electronic payments throughout Europe, combined with the support and experience of QAS and Experian, Eiger Systems has a great opportunity to deliver first-class software solutions to major markets across multiple territories.”
The acquisition of Eiger Systems is consistent with Experian’s global strategy of acquiring complementary businesses that provide new products, new data or entry into new vertical or regional markets, while leveraging the core assets of other Experian companies.
Eiger Systems will trade as ‘Eiger Systems, an Experian company,’ within QAS. It will continue to be led by the current management team and will report to Harry Meikle, Group Managing Director of QAS.
ENDS…
This press release can be found on http://press.experian.com.For further information, please contact:
Rebecca Hennessy
PR Manager
QAS
Tel: 0207 819 5580
rebecca.hennessy@qas.com
Experian provides information, analytics, decision-making solutions and processing services. Using its comprehensive understanding of individuals, markets and economies, it helps organisations to find, develop and manage customer relationships to make their businesses more profitable.
Experian promotes greater financial health and opportunity among consumers by enabling them to understand, manage and protect their personal information, helping them control financial aspects of key life events and make the most advantageous financial decisions.
Experian works with clients across diverse industries, including financial services, telecommunications, healthcare, insurance, retail and catalogue, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, California, more than 12,500 people in 28 countries worldwide support clients in more than 60 countries. Annual sales are in excess of £1.7 billion.
For more information, visit the company's website on www.experian.com.
The word 'Experian' is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.