Equifax Inc. (EFX - Free Report) recently completed the acquisition of ID Watchdog in an all-cash deal. The company had entered into a definitive agreement to acquire ID Watchdog on Jun 16, 2017.
Per the agreement, Equifax will pay approximately $63 million in cash, which translates to nearly 40 cents per share, to acquire all outstanding shares of ID Watchdog. The buyout is aimed to provide a boost to Equifax’s capabilities to serve customers better.
Founded in 2005, ID Watchdog is one of the leading providers of identity theft protection and resolution services to the Employee Benefits marketplace. The acquisition is anticipated to further strengthen Equifax’s identity theft protection services and fortify its presence in the employee benefits space.
According to Dann Adams, President of Global Consumer Solutions at Equifax, “"We are excited to have ID Watchdog's industry leading products become an important part of our organization." Adams further added, "Merging our Identity solutions and industry relationships will significantly increase the access, range, and depth of our employee benefits solutions."
Equifax is the world’s largest data management company which organizes and assimilates data related to more than 820 million customers, and 91 million businesses globally.
The company has made strategic acquisitions to supplement its core business. In 2014, the company acquired TDX Group and Forseva, while it closed the Veda Group Limited buyout in first-quarter 2016.
We believe that management’s efforts, such as strategic initiatives for product innovation, expansion of data assets through acquisitions and continuous share gains in North America, should act as tailwinds. Moreover, the company’s strong correlation with the consumer and financial markets, as well as exposure in the U.S. and Europe are likely to propel growth, moving ahead.
However, we foresee the company’s investments in new initiatives to weigh on its upcoming quarterly earnings. Additionally, uncertainty surrounding IT spending and the strengthening U.S. dollar remain concerns.
Moreover, increasing competition from the likes of Fiserv , Automatic Data Processing Inc (ADP - Free Report) and Total System Services are other factors likely to affect earnings in the near term.
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Equifax Inc. (EFX - Free Report) recently completed the acquisition of ID Watchdog in an all-cash deal. The company had entered into a definitive agreement to acquire ID Watchdog on Jun 16, 2017.
Per the agreement, Equifax will pay approximately $63 million in cash, which translates to nearly 40 cents per share, to acquire all outstanding shares of ID Watchdog. The buyout is aimed to provide a boost to Equifax’s capabilities to serve customers better.
Founded in 2005, ID Watchdog is one of the leading providers of identity theft protection and resolution services to the Employee Benefits marketplace. The acquisition is anticipated to further strengthen Equifax’s identity theft protection services and fortify its presence in the employee benefits space.
According to Dann Adams, President of Global Consumer Solutions at Equifax, “"We are excited to have ID Watchdog's industry leading products become an important part of our organization." Adams further added, "Merging our Identity solutions and industry relationships will significantly increase the access, range, and depth of our employee benefits solutions."
Equifax is the world’s largest data management company which organizes and assimilates data related to more than 820 million customers, and 91 million businesses globally.
The company has made strategic acquisitions to supplement its core business. In 2014, the company acquired TDX Group and Forseva, while it closed the Veda Group Limited buyout in first-quarter 2016.
We believe that management’s efforts, such as strategic initiatives for product innovation, expansion of data assets through acquisitions and continuous share gains in North America, should act as tailwinds. Moreover, the company’s strong correlation with the consumer and financial markets, as well as exposure in the U.S. and Europe are likely to propel growth, moving ahead.
However, we foresee the company’s investments in new initiatives to weigh on its upcoming quarterly earnings. Additionally, uncertainty surrounding IT spending and the strengthening U.S. dollar remain concerns.
Moreover, increasing competition from the likes of Fiserv , Automatic Data Processing Inc (ADP - Free Report) and Total System Services are other factors likely to affect earnings in the near term.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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