CRIF Buys APPRO
CRIF is the new owner of APPRO, the latest in its acquisition of American lending software and credit services operations.
Based in Italy, CRIF?an international provider of credit services?said its CRIF Corp. subsidiary had purchased Equifax Enabling Technologies LLC of Baton Rouge, La., for an undisclosed price.
Equifax had bought APPRO Systems in 2005. Last year, CRIF bought Texas-based Teres Solutions and its SAIL direct and indirect lending platforms.
Together, the two companies have systems in place at about 375 credit unions, banks and other lenders. CRIF said it now has products and services in place at more than 1,500 financial institutions globally.
CRIF?which also now owns the Aimbridge, FLS Services and Magnum Communications lending and credit analysis software operations?said in its statement that "the synergies deriving from this transaction will allow a specialized hub to be created in the U.S. with a greater potential for growth."