Experian, Costa Mesa, CA, said yesterday that it acquired relationship, credit and risk management solutions provider Baker Hill for an undisclosed sum to strengthen its service offerings for small businesses.
Baker Hill has been in business for more than 20 years, and its clients include 1,100 banking, credit union and financial services companies. The company introduced the first integrated relationship management solution for bankers and was the first to offer common platforms for loan origination across the lending process, according to Experian.
The acquisition lets Experian offer deeper coverage to its Small Business Credit Share program.
Baker Hill will operate as a business unit within Experian's Business Information Solutions division and will be known as Baker Hill, an Experian company. The company will stay in its Carmel, IN, headquarters, and the current management and employees will be retained, including president Mark Hill.
Kristen Bremner covers list news, insert media, privacy and fundraising for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters