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Equifax Completes Acquisition Of Efficient Hire

Feb 07, 2022•almost 4 years ago

Acquiring Company

Equifax

Acquired Company

Hire

AtlantaFinancial ServicesSoftware

Description

Equifax® (NYSE: EFX) announced today that it has completed the acquisition of Efficient Hire, a provider of cloud recruiting, onboarding and HR management solutions. The definitive agreement to acquire Efficient Hire was announced on January 31, 2022. Efficient Hire is now part of the Workforce Solutions business unit, expanding on the company's portfolio of employer- and HR-focused solutions that help firms manage their hiring and employment needs amidst a rapidly changing landscape. The transaction is not anticipated to have a material impact on 2022 Equifax financial results.

Company Information

Company

Equifax

Location

1550 Peachtree Street Northwest

Atlanta, Georgia, United States

About

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed