Equifax 2007 Annual Report Download - page 16

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PART I
Item 1.
BUSINESS
OVERVIEW
Equifax Inc. (which may be referred to as Equifax, the Company,
we, us or our) is a leading global provider of information solutions
for businesses and consumers. Our products and services are
based on comprehensive databases of consumer and business
information derived from numerous types of credit, fi nancial,
public record, demographic and marketing data. We use proprietary
analytical tools to analyze this data to create customized insights,
decision-making solutions and processing services for businesses.
We help consumers understand, manage and protect their personal
information and to make more informed fi nancial decisions. Upon
our acquisition of TALX Corporation, or TALX, on May 15, 2007,
we became a leading provider of payroll-related and human
resources business process outsourcing services in the United
States of America, or U.S.
We currently operate in three global regions: North America
(U.S., Canada and Costa Rica), Europe (the United Kingdom,
or U.K., the Republic of Ireland, Spain and Portugal) and Latin
America (Brazil, Argentina, Chile, El Salvador, Honduras, Peru
and Uruguay). Of the countries in which we operate, 73% of our
revenue was generated in the U.S. during 2007.
We are organized and report our business results in
fi ve operating segments, as follows:
• U.S. Consumer Information Solutions (USCIS). Provides
consumer information solutions to businesses in the U.S.
including online credit data and credit decision technology
solutions, mortgage reporting and settlement solutions,
consumer credit-based marketing services and direct
marketing services based on demographic and other
consumer information.
• TALX. Provides services enabling clients to outsource
and automate the performance of certain payroll and
human resources business processes, including employment
and income verification, tax management and talent
management services.
• North America Personal Solutions. Provides products to
consumers enabling them to monitor and protect their credit
information and make more informed fi nancial decisions.
• North America Commercial Solutions. Provides credit,
financial, marketing and other information regarding
businesses in the U.S. and Canada.
• International. Includes our Canada Consumer, Europe and
Latin America business units. Products and services offered
are similar to those available in the USCIS, North America
Commercial Solutions and North America Personal Solutions
operating segments but vary by geographic region.
Our revenue base and business mix are diversifi ed among our
fi ve segments as depicted in the following chart. We have further
diversifi ed the mix of products and services we offer during 2007.
As depicted in the chart below regarding our business mix, our
core credit reporting operating segment, USCIS, represented
53% of consolidated revenue in 2007 compared to 63% in 2006.
Revenue from our newest operating segment, TALX, was
generated from the date of its acquisition on May 15, 2007 through
the end of the fi scal year. TALX represented 12% of our revenue
growth in 2007, while the traditional Equifax operating segments
contributed 7%. In our most recent quarter, the fourth quarter of
2007, USCIS represented 47% of total company revenue, while
TALX represented 15% of company revenue.
14 EQUIFAX | 2007 ANNUAL REPORT
$0.0
$500
$1,000
$1,500
$2,000
2006 2007
TALX
$1,546.3
$1,843.0 2006
Mix
2007
Mix
North America Commercial Solutions
North America Personal Solutions
International
U.S. Consumer Information
Solutions (USCIS)
USCIS
Other
Equifax
Businesses
19%
7%
TOTAL REVENUE
(Dollars in Millions)
37%
63% 47%
53%