The price was not disclosed.
Under the terms of the deal, Ansonia will be integrated into PayNet, a division of Equifax that provides credit and analytics for small- and medium-sized businesses (SMBs), as part of the Equifax US Information Solutions (USIS) business unit.
Ansonia, which specializes in transportation, logistics, and invoice receivables, said it has more than $1.3 trillion in accounts receivable data from industries in North America.
Among its top competitors are Florida-based Cortera, Universal Credit Services in Pennsylvania and Colorado’s Advantage Credit, according to Owler.com.
Equifax said the addition of Ansonia’s data will complement its commercial databases of SMB loans, leases and credit lines including the Equifax Commercial Financial Network (CFN) and PayNet database.
“Integration of Ansonia into the Equifax USIS business provides us with a rich source of customized intelligence to meet the needs of capital providers who extend credit to transportation and logistics companies,” said Sid Singh, president of Equifax USIS, in a statement.
Launched in 2006, Ansonia reports on seven million businesses in more than 140 industries. Its global database completes updates to 25 million accounts daily, worth more than $700 billion in trade accounts receivable data, the company said.
“Our integration into Equifax gives us the additional resources and capabilities we need to further scale and innovate for financing teams focused on the transportation and logistics industry,” said Anthony Kinninger, Ansonia’s founder and president, in a statement.
Last week, Equifax reported revenue growth for its Workforce Solutions segment with an expansion in USIS revenues in the second quarter (Q2). In contrast, the credit data company’s international revenues in Q2 fell during that time, according to a statement.
Total revenues for the Workforce Solution business increased 53 percent to $353 million. The U.S. Information Solutions (USIS) segment showed total revenues of $365.6 million, which was up 10 percent, and within that unit, Online Information Solutions was up 7 percent for the quarter to $263 million. In contrast, total revenue fell 21 percent in its international segment for a total of $180.5 million.