BizEquity and Equifax Partner to Deliver Big Data for Small Businesses

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Sep 14, 2016, 01:30 ET

WAYNE, Pennsylvania and ATLANTA, September 14, 2016 /PRNewswire/ --

BizEquity, the world's leading online provider of business valuation big data, today announced a strategic relationship with Equifax (NYSE: EFX), an information solutions and, global insights provider, to offer a new business valuation tool to help financial professionals prospect more effectively and small business owners better understand their business' worth.

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As part of the agreement, Equifax will license certain data assets, which include financial and business details of some 80 million companies, to BizEquity to pre-value over 71 million private businesses using its patented cloud-based valuation platform that harnesses sophisticated algorithms and big data knowledge. This will enable financial professionals, such as bankers, financial advisers and wealth managers, to provide their clients and prospects with real-time insight into the fundamental questions of what their business is worth and how they are performing - in a fraction of the time it takes to accomplish a traditional business valuation.

"We are proud to team up with Equifax, a global leader in the world-wide data and insights business, to harness the power of billions of data elements and use this data to democratize knowledge for every small business around the world," said Michael M. Carter, CEO of BizEquity. "By jointly distributing the BizEquity service, targeting over 900,000 financial professionals, we'll both innovate and disrupt by delivering value to the commercial market."

The new valuation service will help provide financial professionals with:

prospecting intelligence and lead engagement
key business contact details
innovative big data analytics
a reliable and viable technology platform
the ability to build stronger client relationships

"Combining our market-leading data assets with BizEquity's award-winning technology is an excellent strategic relationship and an example of how Equifax continues to create innovative alliances," said Joy Wilder Lybeer, senior vice president of Enterprise Alliances at Equifax.

Some 10 million businesses are expected to change ownership over the next 10 years^[^1]. Moreover, with a significant number of businesses looking for financing and with many proprietors planning retirement based on the sale of their company, business valuation knowledge is a vital service provided by financial institutions and advisors.

BizEquity has over 300 financial institutions as clients to it's private labelled service offering including leading wealth management firms, insurance carriers, and international banks, including Metro Bank US, American Bankers Association, Penn Mutual, Dynasty Financial Partners in New York; Mutual of Omaha; and one of the UK's largest wealth management firms.

ENDS

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1. https://cabb.org/news/baby-boomers-incredible-numbers-are-buying-and-selling-businesses-part-1-2

BizEquity

BizEquity is the world's leading provider of business valuation knowledge and big data. BizEquity has valued over 33 million private businesses and distributes it's patented cloud-based service through thousands of financial advisors to help better inform small businesses of their lending; insurance; and wealth management needs and potential.

BizEquity is headquartered in Wayne, Pennsylvania but has offices around the world in key markets such as London; Singapore; and Delhi.

Some noteworthy accomplishments for the company include BizEquity's CEO Michael M. Carter being named one of the top 100 leaders in Global Fintech; BizEquity being named one of the top 360 private companies by Entrepreneur Media; and BizEquity winning the FinTech growth and innovation award from Bank Director.

For more information, please visit: http://www.bizequity.com.

About Equifax

Equifax powers the financial future of individuals and organizations around the world. Using the combined strength of unique trusted data, technology and innovative analytics, Equifax has grown from a consumer credit company into a leading provider of insights and knowledge that helps its customers make informed decisions. The company organizes, assimilates and analyses data on more than 820 million consumers and more than 91 million businesses worldwide, and its databases include employee data contributed from more than 5,000 employers.

Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,200 employees worldwide.

Some noteworthy achievements for the company include: Ranked 13 on the American Banker FinTech Forward list (2015); named a Top Technology Provider on the FinTech 100 list (2004-2015); named an InformationWeek Elite 100 Winner (2014-2015); named a Top Workplace by Atlanta Journal Constitution (2013-2015); named one of Fortune's World's Most Admired Companies (2011-2015); named one of Forbes' World's 100 Most Innovative Companies (2015). For more information, visit http://www.equifax.com.

SOURCE BizEquity