Company Market Research Report: Experian plc

1. Company Overview

Name

Experian plc

Mission

Creating a better tomorrow by bringing financial power to all.

Foundation and Founders

Experian has a long history dating back to 1826. It was formed in its current structure in 1996 following the merging of its UK and US businesses under the ownership of GUS and rebranded as Experian.

Key People

• Brian Cassin: Chief Executive Officer

• Lloyd Pitchford: Chief Financial Officer

• Mike Rogers: Chair

• Other Board Members: Alison Brittain, Kathleen DeRose, Caroline Donahue, Luiz Fleury, Jonathan Howell, Esther Lee, Louise Pentland.

Headquarters

2 Cumberland Place, Fenian Street, Dublin 2, D02 HY05, Ireland.

Number of Employees

22,500

Revenue

US$7 billion (global revenue)

Core Offerings

Experian is known for being a global leader in data and analytics. It innovates within credit reporting, offering credit data services, fraud prevention, and analytical insights to both consumers and businesses.

2. Products

Experian Boost

• Description: A free tool allowing consumers to add positive payment history to their credit profiles.

• Key Features: Instantly increases credit scores using real-time data addition.

Experian BillFixer

• Description: Helps consumers save by negotiating lower rates for bills.

• Key Features: Stress-free bill management and negotiation service.

Ascend Platform

• Description: Integrated platform combining data, analytics, software, and fraud prevention.

• Key Features: Comprehensive analytical solutions for businesses.

Experian Smart Money

• Description: A digital checking account aimed at helping users build credit.

• Key Features: Built-in mechanisms to leverage financial data for credit enhancement.

Experian Insurance Marketplace

• Description: A free auto insurance comparison tool.

• Key Features: Allows consumers to compare and select auto insurance based on personalized data.

3. Recent Developments

Recent Financial Performance

In the first quarter of FY25, Experian delivered an organic revenue growth of 7%, consistent with company expectations.

New Product Launches

• Experian GenAI Solution: Launched to improve data scientist productivity and enhance model monitoring capabilities.

Partnerships

• Partnership with NBCUniversal Telemundo Enterprises: Launched a $10 million initiative aimed at debt relief for the Hispanic community.

• Collaboration with Limpa Nome in Brazil for debt recovery solutions.

Other Developments

• Announced as one of Fortune's 2023 "Most Innovative Companies".

• Recognized by Fast Company’s 2023 "World Changing Ideas Awards".

• Promoted financial literacy through programs like Experian Go and United for Financial Health, focusing on aiding the 'credit invisible'.

This report encapsulates a focused overview of Experian plc, including its mission, core offerings, key personnel, and recent strategic developments, highlighting its role as a significant player in the credit data and analytics industry. The information provided is intended for an audience requiring an in-depth understanding of Experian's market positioning and ongoing initiatives.