Equifax acquires IXI Corporation

Equifax, Inc., a provider of information solutions for businesses and consumers, has acquired IXI Corporation, engaged in collecting, analyzing and delivering consumer wealth and asset data. Both the companies are based in the US.

Following the closing, IXI has become a part of Equifax's US Consumer Information Solutions (USCIS) unit.

Announcement (October 21, 2009):

Equifax has signed a definitive agreement to acquire IXI for a cash consideration of $124 million.

Wells Fargo Securities, LLC is acting as financial advisor to IXI on this transaction.

Deal Value (US$ Million) 124
Deal Type                Acquisition
Sub-Category             Majority Acquisition,Majority Acquisition
Deal Status              Completed: 2009-10-28

Deal Participants

Target 1 (Company)   IXI Corporation
Target 2 (Company)   IXI Corporation
Acquirer 1 (Company) Equifax, Inc.
Acquirer 2 (Company) Equifax, Inc.

Deal Rationale

The transaction will allow Equifax to provide enhanced solutions to its customers.

Related terms: acquisition, consumer, securities