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Acxiom® Expands Fraud Prevention, Risk Mitigation
Capabilities with Acquisition of InsightAmerica
AUGUST 10, 2005-
Acxiom® Corporation (NASDAQ:
ACXM) today announced it had expanded and enhanced its fraud prevention
and risk mitigation services with the acquisition of InsightAmerica
based in Broomfield, Colo.
The acquisition represents Acxiom’s latest
strategic initiative to provide businesses, law enforcement, and
the government with a comprehensive set of custom data-driven solutions,
analytic tools and background screening services to help their fast-growing
need to mitigate risks, prevent identity theft and limit fraud.
Since its inception in 1994, InsightAmerica
has earned a reputation for innovation, quality and service in helping
law enforcement, government and commercial investigative agencies,
banking and financial institutions, debt recovery groups, employment
screening organizations and others whose success depends on advanced
risk mitigation or protection services.
“More than 10 years ago, Acxiom began building
its capabilities to help insurance companies, banking and financial
institutions and other organizations improve their identity verification
capabilities to reduce fraud and make better business decisions,”
said Acxiom Company Leader Charles D. Morgan.
The marketplace for such services has grown tremendously,
Morgan said, as companies and organizations realized their success
and reputation often depended on their ability to confirm the identity
and background of an individual, to quickly analyze information
to make risk assessments, and to comply with new laws such as the
USA PATRIOT Act. In 2002, Acxiom’s strategic direction continued
with the acquisition of what is now Acxiom Information Security
Services, a premier employment background-screening unit based near
Cleveland, in 2004 with the announcement of a joint fraud-management
solution with TransUnion, and with Acxiom’s introduction of
its own proprietary anti-fraud solutions
“With the acquisition of InsightAmerica,
Acxiom has reached another milestone in advancing our extensive
base of solutions in support of the growing fraud prevention and
risk mitigation markets,” Morgan said.
Jeff Stalnaker, who leads Acxiom’s Financial
Services and Government Organization, added, “We are excited
about what InsightAmerica brings to Acxiom in the way of advanced
solutions software, innovative product development, and a commitment
to excellence for enabling risk mitigation decisions while preserving
individual privacy.
“We are very pleased with the opportunity
to become part of the Acxiom family, particularly in a time when
the constructive use of information for risk mitigation can immensely
benefit business, government and our society,” said Ron Fournet,
Chief Executive Officer of InsightAmerica. “Acxiom’s
reputation for providing the highest quality service, combined with
its grid-enabled Customer Information Infrastructure and InsightAmerica’s
advanced decisioning software and databases, will provide a competitive
advantage for our clients and prospects."
InsightAmerica, a privately held company
that employs approximately 100 associates, serves thousands of clients
nationwide. Terms of the deal were not released.
About Acxiom Corporation
Acxiom Corporation (NASDAQ: ACXM) integrates data,
services and technology to create and deliver customer and information
management solutions for many of the largest, most respected companies
in the world. The core components of Acxiom's innovative solutions
are Customer Data Integration (CDI) technology, data, database services,
IT outsourcing, consulting and analytics, and privacy leadership.
Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas,
with locations throughout the United States and Europe, and in Australia
and China. For more information, visit www.acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.
About InsightAmerica
InsightAmerica has become a leader in
risk mitigation information and analytics by offering analytically
enhanced data in an easy-to-use form. InsightAmerica provides secure,
reliable access to hundreds of national and state-specific databases,
including identity data, property, addresses, phone numbers, motor
vehicle and criminal records, in both online and batch mode. In
its first decade, InsightAmerica has won over thousands
of customers in government, law enforcement, fraud prevention, consumer
lending, receivables management and employment screening by listening
to customers, producing innovative solutions and focusing on service.
The company is privately held and headquartered near Denver, Colorado.
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