TransUnion

Summary
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk. This segment serves various industry vertical markets, including financial services, insurance, tenant and employment, collections and services, technology, commerce and communication, public sector, media, and other markets. The International segment offers credit reports, analytics, technology solutions, and other value-added risk management services; and consumer services, which help consumers to manage their personal finances and consumer credit reporting, insurance and auto information solutions, and commercial credit information services. This segment serves customers in financial services, retail credit, insurance, automotive, collections, public sector, and communications industries through direct and indirect channels. The Consumer Interactive segment provides credit reports and scores, credit monitoring, identity protection and resolution, and financial management solutions that enable consumers to manage their personal finances and take precautions against identity theft. This segment offers its products through online and mobile interfaces, as well as through direct and indirect channels. The company serves customers in approximately 30 countries and territories, including North America, Latin America, Europe, Africa, India, and the Asia Pacific. The company was formerly known as TransUnion Holding Company, Inc. and changed its name to TransUnion in March 2015. TransUnion was founded in 1968 and is headquartered in Chicago, Illinois.

History

TransUnion was originally formed in 1968 as a holding company for Union Tank Car Company, making TransUnion a descendant of Standard Oil through Union Tank Car Company. The following year, it acquired the Credit Bureau of Cook County, which possessed and maintained 3.6 million credit accounts. In 1981, a Chicago-based holding company, The Marmon Group, acquired TransUnion for approximately $688 million.In 2010, Goldman Sachs Capital Partners and Advent International acquired it from Madison Dearborn Partners In 2014, TransUnion acquired Hank Asher's data company TLO. On June 25, 2015, TransUnion became a publicly traded company for the first time, trading under the symbol TRU.

TransUnion eventually began to offer products and services for both businesses and consumers. For businesses, TransUnion updated its traditional credit score offering to include trended data that helps predict consumer repayment and debt behavior. This product, referred to as CreditVision, launched in October 2013.Its SmartMove™ service facilitates credit and background checks for landlords. The service also provides credit and background checks for partner companies, such as RentSpree.In September 2013, the company acquired eScan Data Systems of Austin, Texas, to provide post-service eligibility determination support to hospitals and healthcare systems. The technology was integrated into TransUnion's ClearIQ platform, which tracks patients demographic and insurance related information to support benefit verification.In November 2013, TransUnion acquired TLO LLC, a company that leverages data in support of its investigative and risk management tools. Its TLOxp technology aggregates data sets and uses a proprietary algorithm to uncover relationships between data.In 2014, a TransUnion analysis found that reporting rental payment information to credit bureaus can positively affect credit scores. As a result, TransUnion initiated a service called ResidentCredit, making it easy for property owners to report data about their tenants on a monthly basis. These reports include the amount each tenant pays, the timeliness of their last payment, and any remaining balance the tenant currently owes. As a result, some companies have started reporting rent payment information to TransUnion.

In 2015, TransUnion acquired Trustev, a digital verification company specializing in online fraud for $21 million, minus debts.In 2017, TransUnion acquired FactorTrust, a consumer reporting agency specializing in alternative credit data.In mid-April 2018, TransUnion announced it intended to buy UK-based CallCredit Information Group for $1.4 billion, subject to regulatory approval.

On 1 December 2021, TransUnion completed the acquisition of Neustar


Mission
Our mission is to help people everywhere access the opportunities that lead to a higher quality of life. By helping organizations optimize their risk-based decisions and enabling consumers to understand and manage their personal information, we empower both to take their destinies into their own hands. We call this Information for Good.

Vision
TransUnion is committed to creating a world where trust, transparency and accountability are the norm. By leveraging our comprehensive data and analytics capabilities, we will enable a secure and prosperous financial future for consumers and businesses around the world.

Key Team

Mr. Steven M. Chaouki (Pres of U.S. Markets & Consumer Interactive)

Mr. Timothy J. Martin (Exec. VP & Chief Global Solutions Officer)

Mr. Richard Dane Mauldin (Exec. VP & COO)

Ms. Jennifer A. Williams (Sr. VP & Chief Accounting Officer)

Mr. Aaron H. Hoffman (VP of Investor Relations)

Ms. Heather J. Russell J.D. (Exec. VP & Chief Legal Officer)

Ms. Karen Krause (Exec. VP, Chief Strategy & Communications Officer)


Recognition and Awards
TransUnion won 1 award in 2017 and 3 awards in 2016. In 2017, TransUnion won for Top Rated Companies in Chicago. In 2016, TransUnion won for Top Rated Managers, Top 15% Rated CEO and Top 30% Rated Team. Based on 883 ratings and 96 participants, employees at TransUnion are very satisfied with their work experience. The overall culture score, 77/100 or A, incorporates employee ratings based on their feedback on the Leadership, Diversity, Happiness and more.

References
TransUnion
Leadership team

Mr. Christopher A. Cartwright (Pres, CEO & Director)

Mr. Todd M. Cello CPA (Exec. VP & CFO)

Mr. Abhinav Dhar (Exec. VP and Chief Information & Technology Officer)

Products/ Services
Credit Bureau, Financial Services, Information Technology, Legal
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1968
Company Registration
SEC CIK number: 0001552033
Net Income
500M - 1B
Revenue
Above - 1B
Social Media
Sat Feb 24 2024
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