Experian, the global information services company, announces that it has acquired a 40% stake in DP Information Group, a leading consumer and business credit bureau in Singapore.
Founded in 1978, DP Information Group provides credit information on companies (including small and medium sized enterprises) and consumers, corporate credit ratings, consumer scoring activities, portfolio management and collections services. In addition, DP Information Group provides marketing lists and campaign management services. In 2007, DP Information Group was awarded a licence to operate the second consumer credit bureau in Singapore. DP Information Group also has a minority equity ownership in BRIS, a leading business information provider in Malaysia.
The acquisition of this stake represents a further step in Experian's strategy to extend its credit risk management activities in new geographies.
Revenue for DP Information Group in the year to 31 December 2007 was US$11.4m and gross assets as at 31 December 2007 were approximately US$8m. The minority stake in DP Information Group was acquired from its founders and will form part of Experian's Credit Services activities.