Callcredit Information Group has acquired the Spanish Confirma group of companies which specialise in fraud prevention and anti-money laundering software solutions.
Callcredit has taken a majority shareholding in the Madrid-headquartered business after the strategic acquisition. Spain, where Confirma is a market leader, is an increasingly technology-led and rapidly growing market.
Forming part of Callcredit’s Spanish operation, the acquisition establishes a firm market presence and a base for more expansion and accelerate international growth. Callcredit’s fraud prevention and risk management business will be developed quickly whilst enabling it to offer its additional fraud solutions to a wider customer base.
A veteran of the industry, Juan Antonio Villegas, previously a former Director General of Experian and Trans Union España, will spearhead the Spanish operation which Callcredit intends to invest in and grow. Confirma’s client roster includes more than 40 customers consisting of both domestic and international banks, consumer lending institutions and insurance companies.
Callcredit Information Group’s Mike Gordon, CEO, commented that its third acquisition in less than 18 months demonstrates a real momentum within the business and a focused strategy where international expansion is a key component. Spain represents a significant opportunity for Callcredit and its future growth.
He added that the group is continuing to develop its fraud prevention and risk management capabilities and the latest acquisition complements its core proposition of delivering technology enabled data solutions.