news release
EXPERIAN TO ACQUIRE CLEARSALE IN
4 October 2024 - Experian, the global data and technology company, is pleased to announce that it has agreed to acquire ClearSale S.A.1, the leading digital fraud prevention provider in
Brian Cassin, Chief Executive Officer said:
"We have established a leading position in identity and fraud (ID&F) in
Overview and Strategic Rationale
ClearSale is a leading provider of digital fraud prevention solutions in
Leveraging its proprietary historical database, ClearSale enables online retailers to swiftly and accurately verify consumer identities during transactions, leading to increased automated approvals while simultaneously enhancing fraud detection and prevention.
Serasa Experian has established a leading position in ID&F, primarily helping clients to prevent fraud when they authenticate and onboard their customers through digital channels. Serasa Experian also increasingly provides ID&F solutions through a combined sale across credit analytics and fraud risk management.
ClearSale is highly complementary and synergistic to Serasa Experian's existing ID&F business. By combining ClearSale's scaled position with Serasa Experian's existing capabilities, we will deliver a more comprehensive and superior experience to clients. We expect the combination to unlock new use cases and widen the market opportunity still further, positioning Serasa Experian strongly to address this attractive growth market.
Financial information
The acquisition of 100% of ClearSale is for a price per share of
1. ClearSale is listed on the Brazilian Stock Exchange (B3) in the Novo Mercado listing segment under the ticker CLSA3.
2. US$/R$ spot exchange rate of 5.48 as at 3 October 2024.
3. Under the terms of the agreement, ClearSale's shareholders will be presented with the option to choose between a cash-based offer or a combination of cash and Experian BDRs. Experian will establish a Level I BDR programme prior to completion of the transaction in order to facilitate the issuance of the BDRs to those ClearSale shareholders who elect to receive Experian BDRs.(bank-issued certificates representing shares in Experian on a one-for-one basis for trade on the Brazilian stock exchange).
Experian
Nadia Ridout-Jamieson Investor queries +44 (0)20 3042 4220
Gerry Tschopp, Nick Jones Media queries
Teneo
Graeme Wilson and Louise Male +44 (0)20 7353 4200
About Experian
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realise their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 22,500 people across 32 countries. Our corporate headquarters are in
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