Equifax acquires Austin-Tetra
Equifax Inc. has acquired Austin Consolidated Holdings Inc., a provider of business-to-business data management and customer data management services for Fortune 1000 companies and government agencies.
The Atlanta-based database company bought Austin Consolidated, also known as Austin-Tetra Inc., in all-cash transaction. Other financial terms of the acquisition were not disclosed.
Austin-Tetra will maintain its presence in Irving, TX, and its founder/CEO, Phil Berkebile Jr., will remain with Equifax under a consulting arrangement during the transition. The rest of the Austin-Tetra team will join Equifax.
Equifax, which offers information solutions to businesses and consumers, said Austin-Tetra will become a key part of its strategy to grow its commercial business, aided by an expanded suite of commercial solutions.
The cornerstone of Austin-Tetra's offerings is the A-T Number, a unique nine-digit identifier for individual business entities such as parent companies, subsidiaries, headquarters and branches.
Using its proprietary technology and data match verification process, Austin-Tetra links data records to build corporate family structures for enterprise-wide visibility of customers and suppliers.
The Austin-Tetra data-match verification process has an industry-leading accuracy rate, a key resource for customers looking to optimize costs and relationships.
Austin-Tetra is based on a proprietary database of more than 30 million global businesses, with information aggregated from more than 300 information sources.