ATLANTA, Jan. 31, 2022 -- Equifax® (NYSE: EFX) announced today
that it has signed a definitive agreement to acquire Efficient Hire, a
provider of cloud recruiting, onboarding and HR management solutions.
This acquisition will enable Equifax Workforce Solutions to bring
employers more of the services and insights they need to help them
manage amidst a rapidly changing hiring and employment landscape.
"The Efficient Hire acquisition demonstrates our
commitment to reinvesting our 2021 outperformance in bolt-on
acquisitions that further position Equifax for diversified
growth," said Mark W. Begor, CEO of Equifax. "Efficient
Hire will enhance our robust suite of employer
services, and bolster our largest and fastest-growing
business: Workforce Solutions. As the only cloud-native company of
our kind, we will leverage the Equifax Cloud™ to rapidly integrate
Efficient Hire's solutions into the Equifax portfolio, helping us to
drive innovation and provide customers with unique access to more
capabilities, product suites and services."
Efficient Hire offers a portfolio of solutions that is
specially tailored to meet the needs of hourly employers, with an
emphasis on helping firms in the restaurant, staffing, building
services, senior care and hospitality industries quickly and
efficiently scale their workforces. Its offerings include HR
management solutions for areas such as I-9/E-Verify, the Work
Opportunity Tax Credit (WOTC) and the Affordable Care Act (ACA).
"Now more than ever, employers are in a battle for
talent," said Joe Muchnick, Senior Vice President of Employer
Services and Talent Solutions for Equifax Workforce Solutions.
"The addition of Efficient Hire further demonstrates our
commitment to helping employers attract and retain the talent they
need to help grow their businesses."
Based in Denver, Efficient Hire serves customers nationwide.
Its leaders and employees will join the Equifax Workforce Solutions
business once the transaction has closed.
"Over the past 13 years, Efficient
Hire has helped hourly employers hire more than 6.6 million
new employees, and provided the tools to help them create a consistent
and more efficient hiring process," said David Kenney, Founder
and CEO of Efficient Hire. "Our team is invigorated by the
opportunities that lie ahead, as we leverage Equifax's renowned
capabilities in analytics and technology for the benefit of our customers."
The transaction is subject to customary closing conditions
and is expected to close in February 2022. The acquisition is not
anticipated to have a material impact on Equifax's 2022 financial results.
FORWARD-LOOKING STATEMENTS This release
contains forward-looking statements and forward-looking information.
All statements that address operating performance and events or
developments that we expect or anticipate will occur in the future,
including statements relating to our ability to successfully
consummate the proposed transaction, the expected financial and
operational benefits, synergies and growth from the Efficient Hire
acquisition and our ability to integrate Efficient Hire and its
products, services, technologies, IT systems and personnel into our
operations, and similar statements about our outlook and our
business plans are forward-looking statements. We believe these
forward-looking statements are reasonable as and when made. However,
forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from our historical
experience and our present expectations or projections. These risks
and uncertainties include, but are not limited to, those described in
our 2020 Form 10-K and subsequent SEC filings. As a result of such
risks and uncertainties, we urge you not to place undue reliance on
any forward-looking statements. Forward-looking statements speak only
as of the date when made. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by law.
ABOUT EQUIFAX INC. At Equifax (NYSE:
EFX), we believe knowledge drives progress. As a global data,
analytics, and technology company, we play an essential role in
the global economy by helping financial institutions, companies,
employers, and government agencies make critical decisions with
greater confidence. Our unique blend of differentiated data,
analytics, and cloud technology drives insights to power
decisions to move people forward. Headquartered in Atlanta and
supported by more than 13,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America,
Central and South America, Europe, and the Asia Pacific region.
For more information, visit Equifax.com.
FOR MORE INFORMATION Daniel Jenkins for
Equifax Workforce Solutions email@example.com
SOURCE Equifax Inc.
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