Callcredit Information Group has further boosted its international ambitions by gaining a foothold in the Spanish market through the acquisition of Madrid-based Confirma, which specialises in fraud prevention and anti-money laundering software solutions.
The deal, backed by private equity firm GTCR, is the group’s third acquisition in less than 18 months, having bought international customer experience specialist Numero in March 2016 and device fraud protection firm Recipero in September 2016.
Callcredit will take a majority shareholding in Confirma, which is claimed to be a market leader in the country. Details of the deal have not been released. Callcredit Spain will be headed by Juan Antonio Villegas, a former director general of Experian and Trans Union España, to lead its regional operations.
The company is looking to invest in and grow Confirma, which already boasts an impressive client roster that includes over 40 clients including both domestic and international banks, consumer lending institutions and insurance companies.
Callcredit chief executive Mike Gordon said: “There is a real momentum within the business at the moment. As a group we have a focused strategy and international expansion is a key component of this. Spain represents a significant opportunity for Callcredit and its future growth.”
“We are continuing to develop our fraud prevention and risk management capabilities and this acquisition complements our core proposition of delivering technology enabled data solutions.”
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