Acxiom (NASDAQ:ACXM)
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Acxiom(R) Corporation (NASDAQ:ACXM) today announced it
had expanded and enhanced its fraud prevention and risk mitigation
services with the acquisition of InsightAmerica based in Broomfield,
Colo.
The acquisition represents Acxiom's latest strategic initiative to
provide businesses, law enforcement, and the government with a
comprehensive set of custom data-driven solutions, analytic tools and
background screening services to help their fast-growing need to
mitigate risks, prevent identity theft and limit fraud.
Since its inception in 1994, InsightAmerica has earned a
reputation for innovation, quality and service in helping law
enforcement, government and commercial investigative agencies, banking
and financial institutions, debt recovery groups, employment screening
organizations and others whose success depends on advanced risk
mitigation or protection services.
"More than 10 years ago, Acxiom began building its capabilities to
help insurance companies, banking and financial institutions and other
organizations improve their identity verification capabilities to
reduce fraud and make better business decisions," said Acxiom Company
Leader Charles D. Morgan.
The marketplace for such services has grown tremendously, Morgan
said, as companies and organizations realized their success and
reputation often depended on their ability to confirm the identity and
background of an individual, to quickly analyze information to make
risk assessments, and to comply with new laws such as the USA PATRIOT
Act. In 2002, Acxiom's strategic direction continued with the
acquisition of what is now Acxiom Information Security Services, a
premier employment background-screening unit based near Cleveland, in
2004 with the announcement of a joint fraud-management solution with
TransUnion, and with Acxiom's introduction of its own proprietary
anti-fraud solutions.
"With the acquisition of InsightAmerica, Acxiom has reached
another milestone in advancing our extensive base of solutions in
support of the growing fraud prevention and risk mitigation markets,"
Morgan said.
Jeff Stalnaker, who leads Acxiom's Financial Services and
Government Organization, added, "We are excited about what
InsightAmerica brings to Acxiom in the way of advanced solutions
software, innovative product development, and a commitment to
excellence for enabling risk mitigation decisions while preserving
individual privacy."
"We are very pleased with the opportunity to become part of the
Acxiom family, particularly in a time when the constructive use of
information for risk mitigation can immensely benefit business,
government and our society," said Ron Fournet, Chief Executive Officer
of InsightAmerica. "Acxiom's reputation for providing the highest
quality service, combined with its grid-enabled Customer Information
Infrastructure and InsightAmerica's advanced decisioning software and
databases, will provide a competitive advantage for our clients and
prospects."
InsightAmerica, a privately held company that employs
approximately 100 associates, serves thousands of clients nationwide.
Terms of the deal were not released.
About Acxiom Corporation
Acxiom Corporation (NASDAQ:ACXM) integrates data, services and
technology to create and deliver customer and information management
solutions for many of the largest, most respected companies in the
world. The core components of Acxiom's innovative solutions are
Customer Data Integration (CDI) technology, data, database services,
IT outsourcing, consulting and analytics, and privacy leadership.
Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas,
with locations throughout the United States and Europe, and in
Australia and China. For more information, visit www.acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.
About InsightAmerica
InsightAmerica has become a leader in risk mitigation information
and analytics by offering analytically enhanced data in an easy-to-use
form. InsightAmerica provides secure, reliable access to hundreds of
national and state-specific databases, including identity data,
property, addresses, phone numbers, motor vehicle and criminal
records, in both online and batch mode. In its first decade,
InsightAmerica has won over thousands of customers in government, law
enforcement, fraud prevention, consumer lending, receivables
management and employment screening by listening to customers,
producing innovative solutions and focusing on service. The company is
privately held and headquartered near Denver, Colorado.