Experian, a global information services company, has acquired LM Group, a provider of credit information to small to medium enterprises in the UK.
Founded in 1994, LM Group, which trades as Riskdisk, provides commercial credit reports and commercial risk information to 18,000 SME businesses in the UK.
Riskdisk is an existing partner of Experian and integrates Experian’s commercial credit data into its SME product set.
Based Nottinghamshire, the company employs 110 people.
According to a statment one of Experian’s global objectives is to establish successful businesses in new customer segments, one of the which is the SME sector.
Simon Streat, managing director at Experian UK&I, comments: ‘Credit information plays a vital role in helping businesses to make smarter decisions when it comes to understanding the level of risk associated with potential new customers or suppliers.
‘Our acquisition of Riskdisk will accelerate the range of services we offer to SMEs, while enabling Riskdisk’s thousands of customers to access Experian’s comprehensive product portfolio.
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