Equifax Announces Acquisition Of CCI

Equifax has acquired one of the United Kingdom's leading risk and credit management organizations, CCI Group Plc. Located in Woking, England and Glasgow, Scotland, CCI, with its complete range of risk management, credit management and customer marketing services, will be fully integrated into the Equifax solutions portfolio.

"It is a clear objective for Equifax to expand our range of services throughout Europe in order to provide our clients with a complete solution to all their customer relationship and risk management needs," said Thomas F. Chapman, Equifax president and CEO. "With the addition of the services of CCI, we can now significantly increase our risk management portfolio."

CCI Group was founded in 1992 and currently processes over 1 million accounts per year/200,000 proactive telephone calls per month, providing on-line revenue collection using sophisticated telephony techniques. In 1997 the company collected over $41 million for its clients, working in partnership with clients' own finance functions and as a fully outsourced facility. CCI revenues for the 12 months ended February 28, 1998, were $11 million.

"We are very excited by the opportunities to develop the risk management services of CCI following our acquisition by Equifax", added managing director Michael Cleary.

Equifax's worldwide knowledge-based information, transaction processing, consulting and software businesses are designed to bring buyers and sellers together. Equifax serves the banking, financial, retail, credit card, telecommunications/utilities, automotive, government and health care industries.