We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equifax/BizEquity Team up for New Business Valuation Tool
Read MoreHide Full Article
World’s leading data management company Equifax Inc. (EFX - Free Report) has always strived to enhance its capabilities to serve its customers better. The company has recently entered a strategic alliance with BizEquity, a global leader of business valuation knowledge and big data.
As per the agreement, the companies will introduce a business valuation tool that will “help financial professionals prospect more effectively and small business owners better understand their business' worth”.
Benefits of the Partnership
BizEquity’s patented cloud-based service is being used by several small business houses to better understand and address their insurance, wealth management, and lending needs and potential. The company has covered the valuation of over 33 million private businesses so far.
Equifax claims that the new valuation tool will enable financial professionals provide real-time information to businesses about their current valuation as well as their performance. However, compared with traditional business valuation method, the new offering will only take a fraction of time, thereby saving both time and effort for financial professionals.
As per the company’s press release, “Equifax will license certain data assets, which include financial and business details of some 80 million companies, to BizEquity to pre-value over 71 million private businesses using its patented cloud-based valuation platform that harnesses sophisticated algorithms and big data knowledge”.
By partnering with BizEquity, Equinix expects to cater to over 900,000 financial professionals. We believe that the agreement will benefit the company by expanding its customer base and boosting its top-line performance.
Equifax is the world’s largest data management company which organizes and assimilates data related to more than 600 million customers and 81 million businesses globally, especially in the U.S. and Europe.
Customers are now looking for solutions to streamline data collection capabilities. We believe that by leveraging BizEquity’s services, Equifax will be able to offer better data, technology and advisory solutions, besides being positioned as a leader in important markets.
Of late, Equifax has been focusing on expanding its international footprint. This February, the company acquired Australia-based data and analytic services provider, Veda, for a cash consideration of approximately $1.7 billion (A$2.4 billion). Veda has been integrated into the newly created Asia Pacific unit within the International segment.
Notably, Equifax’s international revenues (including Europe, the Asia-Pacific, Canada and Latin America) surged 51% year over year to $218.8 million in the second quarter of 2016. On a constant-currency basis, revenues were up 62%. The Veda buyout boosted Asia-Pacific revenues from $1.9 million in the second quarter of 2015 to $72.3 million in the second quarter of 2016.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Equifax/BizEquity Team up for New Business Valuation Tool
World’s leading data management company Equifax Inc. (EFX - Free Report) has always strived to enhance its capabilities to serve its customers better. The company has recently entered a strategic alliance with BizEquity, a global leader of business valuation knowledge and big data.
As per the agreement, the companies will introduce a business valuation tool that will “help financial professionals prospect more effectively and small business owners better understand their business' worth”.
Benefits of the Partnership
BizEquity’s patented cloud-based service is being used by several small business houses to better understand and address their insurance, wealth management, and lending needs and potential. The company has covered the valuation of over 33 million private businesses so far.
Equifax claims that the new valuation tool will enable financial professionals provide real-time information to businesses about their current valuation as well as their performance. However, compared with traditional business valuation method, the new offering will only take a fraction of time, thereby saving both time and effort for financial professionals.
As per the company’s press release, “Equifax will license certain data assets, which include financial and business details of some 80 million companies, to BizEquity to pre-value over 71 million private businesses using its patented cloud-based valuation platform that harnesses sophisticated algorithms and big data knowledge”.
By partnering with BizEquity, Equinix expects to cater to over 900,000 financial professionals. We believe that the agreement will benefit the company by expanding its customer base and boosting its top-line performance.
Equifax is the world’s largest data management company which organizes and assimilates data related to more than 600 million customers and 81 million businesses globally, especially in the U.S. and Europe.
Customers are now looking for solutions to streamline data collection capabilities. We believe that by leveraging BizEquity’s services, Equifax will be able to offer better data, technology and advisory solutions, besides being positioned as a leader in important markets.
EQUIFAX INC Price
EQUIFAX INC Price | EQUIFAX INC Quote
Global Expansion Driving Growth
Of late, Equifax has been focusing on expanding its international footprint. This February, the company acquired Australia-based data and analytic services provider, Veda, for a cash consideration of approximately $1.7 billion (A$2.4 billion). Veda has been integrated into the newly created Asia Pacific unit within the International segment.
Notably, Equifax’s international revenues (including Europe, the Asia-Pacific, Canada and Latin America) surged 51% year over year to $218.8 million in the second quarter of 2016. On a constant-currency basis, revenues were up 62%. The Veda buyout boosted Asia-Pacific revenues from $1.9 million in the second quarter of 2015 to $72.3 million in the second quarter of 2016.
Zacks Rank & Key Picks
Currently, Equifax carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader technology sector are Ambarella, Inc. (AMBA - Free Report) , Broadcom Limited (AVGO - Free Report) and Cirrus Logic Inc. (CRUS - Free Report) . Each of these stocks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>