Equifax Selects Chile for Software Research and Development Center

Share Name	Share Symbol	Market	Type
Equifax Inc	TG:EFX	Tradegate	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-4.00	-1.87%	210.00	210.00	212.00	214.00	210.00	214.00	3	17:17:55

Equifax (TG:EFX)
Historical Stock Chart

From Jun 2019 to Jun 2024

Equifax Adds Chilean Center to U.S. and Indian R&D Operations; Cites Country's Education, Talent Pool and Total Cost Among Deciding Factors SANTIAGO, Chile, Aug. 24 /PRNewswire/ -- As offshoring evolves to become multishoring and access to specialized talent and sustainability join cost reduction as primary decision drivers for companies, Latin America's most politically and economically stable country, Chile, continues to emerge as a key location in companies' global operations. Companies seeking the competitive advantage of offshoring with a lower risk profile are increasingly finding that Chile provides the pro-business environment and access to superior talent they need to ensure short and long-term success. Recently, Equifax (NYSE:EFX), one of the world's leading providers of risk analysis for financial services, selected Chile for a new software R&D center. After a location review that included other Latin American countries as well as Europe, Equifax selected Chile citing its strong educational system, superior engineering talent and business environment as the most important factors in its location decision. Equifax's Chilean center works in collaboration with the company's U.S. and Indian centers on research and development for software that Equifax uses to analyze financial data and patterns and assist decision making. "We looked at multiple countries but Chile best fit our needs," stated Sandeep Gupta, Vice President, R&D, Enabling Technologies for Equifax. "The combination of Chile's engineering excellence, political and economic stability, educational system and relatively low costs were difficult to beat." Equifax had little difficulty attracting and importing talent and found the launch of its Chilean operation to be smooth thanks to support from Chile's Economic Development Agency, CORFO. In addition, Equifax is working with Chile's universities to further hone the engineering curriculum to meet its future talent needs. "Currently, more than 4,200 companies from 60 countries operate in Chile," said Nicolo Gligo, Executive Director of CORFO in the U.S. "Companies are constantly citing not only our competitive costs, but also the quality of the employees and the ease of which it's possible to start an operation here." The Equifax operation launched in April 2009 and will be formally inaugurated on Aug. 24. About Equifax Inc. Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, employment and income verification and human resources business process outsourcing services, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses -- large and small -- rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being. Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500 Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX. About CORFO CORFO, the Chilean Economic Development Agency, was founded by the Chilean government in 1939 and aims to foster economic growth by encouraging investment, innovation, business and cluster development. To date, CORFO has aided more than 57,000 businesses and assisted in 74,000 projects with a goal of encouraging the development of numerous industries throughout Chile. CORFO contributes an annual average of more than $30 million to SMEs programs and more than $38 million to high technology programs alone. For more information, please visit http://www.corfo.cl/. About InvestChile-CORFO InvestChile is an investment program created by CORFO (the Chilean Economic Development Agency) in 2000. The program promotes Chile as a business platform to access Latin America and the world and facilitates investment through a series of incentives, services and comprehensive information regarding business opportunities in various sectors of the Chilean economy. Among the services provided, InvestChile facilitates access to business networks and government institutions, helps investors find service providers and suppliers, and arranges meetings with industry leaders and visits to companies. For more information, please visit http://www.investchile.com/. DATASOURCE: CORFO CONTACT: Jessica Anselmi, RF|Binder Partners, +1-781-455-0431, Web Site: http://www.corfo.cl/

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EFX Equifax Inc