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TransUnion Forges Strategic Partnership to Augment Growth

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TransUnion (TRU - Free Report) remains focused on making significant investments to modernize its infrastructure and facilitate the seamless transition to the latest Big Data and analytics technologies. This enables TransUnion to expand its business and improve its cost structure. The company recently entered into a strategic partnership with SavvyMoney, wherein both entities will work mutually to enhance their financial data analytical offerings to the customers.

Headquartered in Pleasanton, CA, SavvyMoney is a leading provider of credit information services. It works toward empowering its customers to take full control of their finances by providing easy to understand actionable advice about their credits. The company provides free ongoing access to their credit score, as well as explains the factors that impact it, and recommends actions to improve it.

This deal will help TransUnion’s consumers get personalized credit information services using SavvyMoney’s highly advanced credit system. 

The company acquired RTech (Healthcare Revenue Technologies, Inc) as it aims to enhance its healthcare business by leveraging data, technology and analytics to help healthcare providers make the most of its lucrative business potential. In June, the company had also acquired Auditz, LLC, another leading healthcare services organization.

TransUnion is poised on organic and inorganic growth to enhance its portfolio. Such enhancements will enable the company improve its top line, going ahead.

Headquartered in Chicago, IL, TransUnion is a consumer information services company that offers data and analytics solutions, particularly in credit risk management. The company is one of the three largest credit reporting agencies in the U.S. What sets TransUnion apart is its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities that enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across a wide range of industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information.

TransUnion currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include LifeLock, Inc. , National Research Corp. and S&P Global, Inc. (SPGI - Free Report) . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

LifeLock belongs to the Business Information Services space. The company beat estimates on every occasion in the trailing four quarters.

National Research belongs to the Business Information Services space. The company has positive average earnings of 7.8%, beating estimates twice in the trailing four quarters.

S&P Global is part of the Business Information Services space. The company has a healthy earnings history, beating earnings all four times in the last trailing quarters.

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