Equifax 2000 Annual Report Download - page 4

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New Products From Acquisitions
But Information Services never rests on its
leadership position. Business development
was a priority in 2000. This included the acqui-
sition of the Consumer Information Solutions
Group from R.L. Polk & Co., providing us with
a proprietary data asset containing North
America’s largest and most accurate con-
sumer, lifestyle and demographic databases.
This data facilitates new product introduc-
tions and cross-selling synergies with our
existing data businesses.
Compliance Data Center (CDC) was another
acquisition we completed this year. This
leading provider of noncompliance reports
is helping us to further penetrate the growing
online brokerage market. We also expanded
our presence in the property and casualty
insurance market through the introduction
of a new risk-score product – InScore.
TM
Big Opportunities in Small Business
Information Services also introduced a
revolutionary, first-of-its-kind service – The
Small Business Financial Exchange – that
will have a profound impact on the ability
of financial institutions to fund and support
small businesses. Managed by Equifax, the
Exchange brings together initially 15 of the
largest U.S. small-business lenders – such
as Bank of America, Bank One and Wells
Fargo – to report and maintain comprehen-
sive trade data on small businesses. This is
the first and only source of aggregated risk
and exposure information on the estimated
25 million small businesses in the United
States. The Exchange will enhance lenders’
ability to make small business credit deci-
sions and facilitate financing needs for this
important segment of our economy.
A Commitment to Consumers
Another truly new frontier for Equifax is
expansion into the consumer market. The
development of consumer applications for
our business has been a long-term goal. The
Internet has provided an entrance opportu-
nity and, subsequently, a suite of three prod-
ucts. More than 100,000 consumers a month
are purchasing Equifax Credit Profile,
TM a serv-
ice that allows them immediate, secured online
access to their credit history. Equifax Credit
WatchTM is a powerful tool that uniquely
enables consumers to prevent identity theft
by alerting them within 24 hours to any signif-
icant change to their credit file. And a third,
recently announced product, ScorePower,
TM
will provide a premium, online credit
03
<Thomas F. Chapman
Chairman and
Chief Executive Officer
Lee A. Kennedy >
President and
Chief Operating Officer
$559
$519
$503
$454
$421
$374
$347
$309
$273
U.S. INFORMATION SERVICES
REVENUE 1992–2000
In millions
U.S. Credit Information and Marketing Services revenue
has grown 9.4 percent on a compound annual basis.
1992 1993 1994 1995 1996 1997 1998 1999 2000