Experian Acquires Competitor Mighty Net for US$207.5m
Experian, an information services company, has acquired all the assets of Mighty Net, a provider of online credit monitoring services to consumers, for US$207.5m.
Mighty Net provides online services to US consumers interested in managing their credit behaviour. Mighty Net’s key products include bureau reports, bureau scores, credit score tracking and credit file monitoring services, which are provided directly to consumers on a subscription basis.
Experian, on the other hand, is a leader in providing credit monitoring services directly to US consumers through its Consumer Direct business. The acquisition of Mighty Net brings attractive consumer brands to Experian and further consolidates Experian’s position in the market.
Mighty Net will form part of Experian’s North America Interactive division.