Toronto-based market profile specialist Compusearch Micromarketing Data and Systems and its list management sister company Prospects Unlimited are now part of an American credit-reporting giant following a $260-million deal earlier this month.
Equifax signed an agreement with R.L. Polk to acquire Polk’s consumer information solutions (CIS) group, which includes Compusearch and Prospects Unlimited. The deal is expected to close by the end of April.
‘We are very excited about it,’ says Jan Kestle, president of Compusearch. ‘Equifax is a very large player in the financial information business around the world. This deal won’t have much effect on our day-to-day operations, but it does put us with a group that is extremely large.’
Compusearch provides geodemographic and market analyses for marketing organizations across Canada. Prospects Unlimited manages four major Canadian consumer databases for direct marketers, including the 12-million name TotaList Canada and Prospects Canada, which numbers 7.5 million.
Equifax, which is headquartered in Atlanta, Ga., says it will use the companies’ databases to help its clients conduct more targeted marketing efforts.
In a statement, Equifax president Lee Kennedy said his company is poised to take advantage of Polk’s CIS management team and its presence in the consumer goods manufacturing industry.
One of the anticipated benefits for Equifax is that the deal will allow it to overlap Compusearch’s consumer lifestyle and demographic databases on its credit information database. However, both Equifax and Compusearch made a point of saying that the Equifax consumer credit database will remain separate from the acquired lifestyle and demographic databases.
‘Last fall, we announced that Compusearch’s neighborhood cluster system, PSYTE, has been linked to aggregated credit information from Equifax,’ says Kestle. ‘This product is an example of how Compusearch and Equifax can work together to create information products that benefit our mutual customers, while ensuring that the privacy of Equifax’s consumer database is protected.’