Experian and Scorex Form New Global Venture In Decision Support and Consulting SectorMerger Creates Industry Leader in Business Intelligence, Decision Support and Consulting Services ATLANTA, GA, April 30, 2003 -- Experian(R), a global business solutions company, today announced the formation of Scorex, a new decision support and consulting business. Experian acquired the outstanding shareholdings in its prior joint venture with Scorex, one of the world's foremost developers of application processing and customer management software. The business has offices in 22 countries, employs more than 750 people and provides risk management solutions to major financial organizations in more than 60 countries. Scorex in the United States is headquartered in Atlanta, Georgia with additional offices in Allen, Texas and Costa Mesa, California. Scorex is unique in its ability to marry its existing decisioning solutions and consulting capabilities with Experian's vast information resources. This will allow it to deliver significant value to clients from the integration of its decision support software, information intelligence, analytics and consulting disciplines to create customer-focused solutions. Clients will be able to extract greater value from their existing customer portfolios while delivering optimized services and customer relationship management benefits through Scorex' tools, data analytics and consulting services. "Scorex has significant scale, a wealth of experienced talent and an impressive pedigree," said Steve Burnside, president of Scorex in North America. "This new business brings together the previous industry leaders MDS, CCN, TRW Information Systems analytics and Experian's decision solutions division to create a unique blend of experts in the fields of scoring, information intelligence and decision engines while offering our clients unparalleled access to our diverse information sources." The new venture will use the Strategy Management(SM) suite of customer software to support the more than 1,000 Strategy Management systems currently in use globally. Scorex currently executes more than 5 billion decisions annually and its Transact application processing solution interfaces with 50 credit reporting agencies around the world. Risk management and target marketing solutions are provided to clients in the financial services, retail, insurance, energy and telecommunication industries. "We will provide solutions throughout our clients' customer cycles including data quality and value assessments, business intelligence studies, optimization services as well as the industry's most innovative software and scoring solutions," said Burnside. About Experian Experian(R) provides strategic support to organizations around the world. It helps its clients target, acquire, manage and develop profitable customer relationships. It does this by combining its advanced decision support and outsourcing services with information on consumers, businesses, motor vehicles and property. Experian works with more than 40,000 clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, property, e-commerce and government. Millions of consumers rely on Experian's consumer credit services to meet their financial management needs. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Costa Mesa, Calif. It has a 175-year history and unbroken sales growth over the past 22 years. Its 13,000 people support clients in more than 60 countries. Annual sales exceed $1.5 billion. For more information, visit the company's Web site at http://www.experian.com . For further information please contact Donald Girard, Public Relations of Experian, +1-714-830-5647, donald.girard@experian.com SOURCE Experian Web Site: http://www.experian.com |