Australia – Data and tech firm Experian has announced that it has recently completed the acquisition of illion, a consumer and commercial credit bureau worth A$820m, in Australia and New Zealand.
With this initiative, the company is able to establish a unified business that integrates complementary capabilities, assets, people, and customers. The newly integrated organisation will enhance market options as well as provide more powerful, data-driven solutions for businesses and consumers across the region.
“Having successfully led the Australia and New Zealand business for the past seven years, Andrew Black will take leadership of the combined organisation, overseeing the strategic integration and growth plans, leveraging our global innovations,” said Malin Holmberg, CEO at Experian EMEA and Asia Pacific region.
Andrew Black, CEO at Experian ANZ, further shared, “This is a historic day for our business, our people, and our customers – and it’s just the beginning. Through this acquisition, we aim to continue our growth trajectory in Australia and New Zealand, significantly expand our market, and bring new capabilities to redefine what a data-driven technology business can be.”
He then continued, “illion has built an impressive product portfolio, data assets, and customer base that are diverse and complementary to Experian’s strengths, and we have a robust integration plan that will enable our customers to quickly realise the benefits of the combined entities.”
“One of the big wins here is the combined data assets, which will provide more choice for our customers. This is going to supercharge our product and service capabilities, in alignment with Experian’s global strategy, in a way that simply hasn’t been possible before,” added Black.
According to him, the recently merged entity will be rebranded to Experience and is expected to take place in the next 12 months. Meanwhile, Black also confirmed that some of the illion product names that have gained credible market awareness will also continue.
“Our people are our greatest competitive differentiator, which is not only recognised by our customers but also leading workplace authorities such as Great Place to Work and Work180. The integration will foster a culture of collaboration, bringing together our best talent to create a unified, empowered, and high-performing team,” concluded Black.
