Equifax 2011 Annual Report Download - page 10

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INTERNATIONAL
The same strategies that have ignited growth for our U.S. business are being
applied internationally, resulting in revenue growth and an expanding customer
base in all geographies. In 2011, International’s revenues, excluding Brazil,
grew by 15%.
Globally, we are expanding our product offerings—from Decision360-style
products that feature unique data assets, analytics and technology platforms
to solutions that help determine the creditworthiness of tenants or the average
asset holdings of small businesses. Last year, we launched 40 new products
and services and introduced new solutions in virtually every country in which
we operate. These products will help Equifax deliver sustainable revenue growth
while maintaining our strong market position in each of the countries.
In addition, we continued to invest in emerging markets—Russia, India and
Brazil—where growth in demand for credit information is accelerating:
In Russia, revenue increased by more than 70% year-over-year and we
increased our ownership stake to 33%.
In India, we introduced 12 new products and now have more than 250
data-contributing members.
And in Brazil, the merger of our operations with Boa Vista Serviços created
a stronger competitor in this important market with a more diverse set of
resources to drive long-term revenue growth. Boa Vista now has more than
125 million consumer and commercial records and a customer base in excess
of 30,000. This transaction emphasizes our long-term commitment to the
Brazilian market and demonstrates flexibility and creativity in our drive to win
around the world.
In the United Kingdom, we made a major advance in our capabilities with the
acquisition of Workload, the market leader in wealth and asset data. This move
added to the momentum created with our FICO partnership through which we
jointly develop and offer breakthrough products and services in risk management.
Announced in May, the FICO partnership brings new capabilities to banking,
insurance, retail and other industries for accelerated growth, stronger risk control
and improved regulatory compliance.
And in Costa Rica, we acquired DATUM, the country’s leading provider of
credit information, continuing our strategy of being a premier provider in every
geography where we do business. Costa Rica is the 10th country in Latin
America in which Equifax is operating.
GROWTH YOU CAN COUNT ON
The International business unit provides a varying
combination of credit and other data services deployed
in the United States to businesses and consumers in
Argentina, Canada, Chile, Costa Rica, Ecuador, El Salvador,
Honduras, India, Russia, Paraguay, Peru, Portugal, Spain,
United Kingdom and Uruguay.
It has major service operations in Ireland and Costa Rica
and a significant ownership presence in Brazil through
Boa Vista Serviços.
Paulino Barros, President,
International
SIGNIFICANT OWNERSHIP ACQUISITION ACTIVITY
(2011)
Argentina
Brazil
Costa Rica
India
Russia
United Kingdom
Other EFX operations
8 EQUIFAX 2011 ANNUAL REPORT