MicroBilt to Acquire Financial Data Provider Integra Information, Inc.
Integra Information, Inc. joins forces with MicroBilt to Offer Private Company Financial Performance Data and Online Tools through the Integra InfoBase and Online Platforms
Kennesaw, GA – June 14, 2001 -- MicroBilt Corporation, the premier provider of credit information access methodologies, today announced a definitive agreement to acquire 100% of the stock in Integra Information, Inc., the leading provider of private company information. Through the acquisition, MicroBilt plans to expand its credit data access to now include private company information through the Integra InfoBase.
The Integra InfoBase consists of high quality government and proprietary databases. Integra's team of economists, statisticians, and analysts apply a consistent framework and analytic approach to building, enhancing, testing and updating the Integra InfoBase. Integra's forecasting process includes models and methodologies developed by industry experts in economics and mathematics. The result is the most comprehensive view of private company performance available at www.IntegraInfo.com.
Integra Information, Inc is also a technology presence, leveraging its data by acting as an ASP (Applications Service Provider) designing, licensing and hosting online content and platforms for such customers as Key Bank, Bank One and Deloitte & Touche. Integra provides entrepreneurs with content and Web-based management tools to simplify and analyze complex data through their Web site at www.PrivateCo.com.
The Integra Information, Inc. acquisition benefits business-to-business clients of Integra and MicroBilt who desire private company information for their lending needs as well as various financial performance analysis tools. This type of data assists credit professionals and business managers in assessing private company performance, and thereby enables them to make better business decisions.
According to MicroBilt President, Ken Hill, "We are extremely pleased by the opportunity to collaborate with Integra to provide our clients access to their tools and information. Integra's unique web based private company information and financial tools will be an ideal complement to our credit bureau web site, CreditCommander.com." David Asofsky, Chief Operating Officer at Integra Information, Inc. believes, "Combining forces with an industry leader in providing credit solutions will greatly expand the ways in which Integra Information, Inc. can serve customers through its unique blend of proprietary information and technology. We also look forward to bringing added value to MicroBilt's impressive client list."
MicroBilt, a division of Bristol Investments, Ltd., is the North American leader in credit bureau data access and retrieval, providing credit solutions to the Financial (banking, mortgages, home equity, credit union, collections), Rental or Leasing, Health Care, Insurance, Law Enforcement, Educational (Universities, Colleges and institutions of higher learning) and Utilities (gas, electric, cellular, cable, telephone) industries. MicroBilt provides interfaces with the three consumer bureaus, Equifax (NYSE: EFX), Experian (London Stock Exchange: GUS) and Trans Union and the two commercial bureaus, Dun & Bradstreet (NYSE:DNB) and Experian Business. Bureau data is available via dedicated terminals, dial-up software, Internet website access (creditcommander.microbilt.com), or through an integrated custom interface utilizing the Software Developers Kit. The company also enables web sites to enhance their content offerings by delivering a CreditCommander.com co-branded site to their established online communities. MicroBilt services over 30,000 customers throughout the United States and Canada. Formerly a First Data Corporation (NYSE: FDC) subsidiary, MicroBilt Corporation (www.MicroBilt.com), maintains offices in Georgia, New Jersey, South Carolina, Arizona, Illinois and California.
About Integra Information, Inc.:
Founded in 1995, Integra Information Inc. provides knowledge-based analytical tools and information services to the nation's leading professional and financial services firms serving privately held businesses. The company is also a leading provider of Web-based management tools to help entrepreneurs make critical decisions.