Experian has acquired financial services software provider N4 Solutions.
Cirencester-based N4 Solutions will become part of Experian’s consumer business.
N4 Solutions will be integrated with Experian’s existing mortgage group to create a new division within its consumer business, to be run by N4 chief executive Steven Jones.
The combined unit will leverage N4’s market knowledge within financial services with Experian’s expertise and products in application processing, decision analytics, lead generation and property valuation models, which enable organisations to make key business decisions about targeting, acquiring and retaining profitable customers.
The N4 platform provides Experian with a major opportunity to develop further its insurance and wealth management capabilities.
Experian UK and Ireland managing director Tiku Patel says: “Together with N4 Solutions’ skills base and deep mortgage sector knowledge, it is a great strategic fit with Experian, with clear synergies with our client base and core credit decisioning solutions to create a full origination solution covering risk management and cross-selling in a regulatory compliant environment.”
N4 Solutions chief executive Steven Jones says: “Many of our clients already benefit from Experian’s consumer information and credit related products and services so the combination of Experian and N4 Solutions creates a complete and unique mortgage origination proposition as well as the capability to continue to create broader innovative solutions for the financial services industry.”