10, December 2018: Experian, a global information services company, is pleased to announce its proposed acquisition of Compuscan and Scoresharp, successful and trusted providers of credit information and analytics services to organisations across South Africa, Namibia, Botswana, Mozambique, Lesotho, Ethiopia and Uganda, as well as the Philippines and Australia.
Established in South Africa in 1994, Compuscan was the country’s first credit bureau to pioneer both positive and negative data for the microfinance sector, providing vital assistance at a time it was most needed. Compuscan has since become a key player in this sector and grown into a company that operates across nine countries offering credit and information services, decision analytics services, marketing services, loyalty & rewards services, and training. Scoresharp started in 2007 and has been instrumental in building the organisation’s analytical strengths.
Bringing Experian, Compuscan and Scoresharp together will complement and extend the services already provided by both companies in the South African market. Compuscan and Scoresharp’s strength in analytics, scores and data quality, will further the complementary capabilities of Experian’s already impressive core bureau data and decisioning software. In turn, Experian’s global technology capabilities and complex Business Information will add depth and breadth to both Compuscan and Scoresharp’s services. By combining the best of Experian, Compuscan and of Scoresharp, significant opportunities for further growth, innovation and financial inclusion across the wider African region will be created.
The acquisition is subject to review by the Competition Regulator in South Africa.
Charles Butterworth, managing director of Experian UK&I and EMEA, said: “The South African market is a vital hub for our wider African business strategy. Compuscan is a company known for its data quality and agility, bringing with it an entrepreneurial culture that makes it a powerful and complementary fit with our business and our ambitions for the region. The acquisition, therefore, marks a significant milestone, opening up exciting opportunities as we expand across the region. We look forward to welcoming the Compuscan team to Experian and to including the Compuscan and Scoresharp brand as part of our broader offer.”
Remo Lenisa, CEO of Compuscan, said: “By combining Compuscan and Scoresharp with Experian, we will be able to enhance our products and services to our customers to better manage risk, help borrowers gain access to finance and help reduce over indebtedness. We now have more depth and breadth of products and services to build out well-functioning credit markets in all the geographies we work in and to pursue our expansion to additional countries on the African continent. The combined businesses will provide for the long-term development of our staff and create new employment opportunities. We look forward to welcoming Experian to all our stakeholders. I’d also like to take this opportunity to thank Actis for the support they have provided us over the last four years. They have been a fantastic value-adding partner bringing local presence, industry expertise and a shared vision for Compuscan. A special thank you to Michael Jordaan who has been chairman of our board over this time.”
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