Equifax India completes acquisition of Nettpositive

MUMBAI: Credit information bureau Equifax today said it has completed the acquisition of Bangalore-based analytics and business intelligence provider Nettpositive.

Equifax India had acquired a majority interest in the company in 2012, and has finished picking up the residual stake now, the company said in a statement.

The acquisition will help Equifax give a combination of data and analytics on consumer behaviour to its customers, the statement said, without disclosing the size of the deal.

"It (Nettpositive) has proven to be a tremendous asset thus far. The combination of robust data and cutting-edge analytics has led to a successful business model as well as leading solutions for our customers," Equifax's managing director for emerging markets, Shahid Charania said.

Nettpositive was founded in 2007 and has operations in Mumbai and Dubai as well, it said.