Experian buys compliance outfit American Software Corporation

Experian buys compliance outfit American Software Corporation

Credit information agency Experian has acquired Americas Software Corporation (ASC), a Florida-based provider of regulatory compliance software and anti-money laundering systems to financial services firms, for an undisclosed sum.

ASC's operations will continue to be located in Miami, Florida and current management and employees will be retained.

The company will be merged with Experian's Fraud Solutions business unit. The two companies will combine their existing products to create a range identity verification, fraud and money laundering detection and compliance products. Experian says its customer identification technology will bolster ASC's monitoring, screening and compliance products to automate the detection, investigation and reporting of suspicious financial activity.

Experian says following the acquisition, its Fraud Solutions unit will have a stronger presence and customer base in several key markets in North America, Europe, Central America, Asia and the Middle East.

Rick Gallagher, president, Experian Fraud Solutions, adds: "This acquisition furthers Experian's and Americas Software's position as a comprehensive global fraud and compliance solutions provider across a number of industries."

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