Experian acquires QAS for £106 million
05/10/2004
Experian®, the global information solutions company, has acquired QAS, the developer of the QuickAddress range of international address management software, for £106 million, which includes £16 million of cash. With revenues of £49 million in the year to June 2004 and 8,800 customers worldwide, QAS will further strengthen Experian's Marketing Services division and trade as QAS, an Experian Company.
Announcing the acquisition, David Coupe, Managing Director of Experian's Marketing Services division, said:
"Experian invests in successful businesses and QAS is a market leading company that has achieved consistently strong growth since it was established in 1990. Experian has acquired QAS because there is a strong strategic fit between the two organisations: QAS is the UK's leading address management software provider and Experian offers the most comprehensive range of data quality services in the marketplace. Working together, both companies will bring to the market sophisticated data integrity solutions - further enhancing the quality of our clients' data"
"Together, Experian and QAS are a leader in data integrity, supporting over 10,000 clients in the UK alone. No other company can offer the scope, scale and range of consistent data integrity services across so many industry sectors."
Simon Worth, CEO of QAS, who will continue to head the business, added:
"Clients will benefit from the synergies created by bringing the two companies together. QuickAddress software captures accurate personal details at the first point of contact."
"Experian's data integrity services keep personal records accurate and up-to-date throughout the course of the customer life cycle."
"This combination offers organisations a consistent approach to data integrity for the first time - protecting them against the financial, regulatory and brand image risks posed by poor data quality."
The acquisition 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 Experian.
This press release can be found on http://press.experian.com
For further press information, please contact:
James
Russell
Press
Relations Manager, Marketing Services
Tel: 0207 664
1139
E-mail: james.russell@uk.experian.com
About
Experian
Experian is a global leader in providing information solutions
to organisations and consumers. It helps organisations find,
develop and manage profitable customer relationships by providing
information, decision-making solutions and processing services. It
empowers consumers to understand, manage and protect their personal
information and assets. Experian works with more than 40,000
clients across diverse industries, including financial services,
telecommunications, healthcare, insurance, retail and catalogue,
automotive, manufacturing, leisure, utilities, property, e-commerce
and government. Experian is a subsidiary of GUS plc and has
headquarters in Nottingham, UK, and Costa Mesa, California. Its
13,000 people support clients in more than 60 countries. Annual
sales exceed £1.3 billion.
For more
information, visit the company's web site 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.
About
Experian's Marketing Services division
Since 1980 Experian's Marketing Services division has been the
UK's most successful direct marketing services provider. Experian's
award-winning products and services help blue-chip organisations
acquire new customers, improve data integrity and enhance customer
value. Experian's Marketing Services division is based in
Nottingham and London in the UK, and has international offices in
France, Germany, Italy, Spain, The Netherlands and Ireland.
About
QAS
QAS is the UK's market leading supplier of address