Leeds' Callcredit acquires Spanish fraud prevention software business

Callcredit Information Group has announced the acquisition of the Spanish Confirma group of companies, comprising Confirma Sistemas and Soluciones Confirma.

Confirma Sistemas and Soluciones Confirma, headquartered in Madrid, specialise in fraud prevention and anti-money laundering (AML) software solutions.

The acquisition sees Callcredit, which is backed by private equity firm GTCR, take a majority shareholding in Confirma.

Leeds-based Callcredit will use the acquisition tol form part of the Callcredit Spain operation, which will help accelerate international growth and the development of the company’s fraud prevention and risk management business.

Callcredit Spain will be headed by Juan Antonio Villegas, who previously served as a former director general of Experian and Trans Union España.

Callcredit is looking to invest in and grow Confirma, which already boasts a client roster of over 40 clients amongst which are both domestic and international banks, consumer lending institutions and insurance companies.

This is Callcredit’s third acquisition in less than 18 months, having bought customer experience specialist, Numero, in March 2016 and device fraud protection firm, Recipero, in September 2016.

Mike Gordon, CEO of Callcredit Information Group, said: “There is a real momentum within the business at the moment. As a Group we have a focused strategy and international expansion is a key component of this.

“Spain represents a significant opportunity for Callcredit and its future growth. The acquisition of Confirma and the appointment of Juan Antonio Villegas as an experienced country head gives us a firm presence in the market and brings a unique offering which complements our wider proposition.

“Confirma has an impressive roster of over 40 clients, including leading banks and consumer finance organisations.

“Callcredit Information Group is continuing to develop its fraud prevention and risk management capabilities and this acquisition complements our core proposition of delivering technology enabled data solutions.”

Confirma operates in sectors which are complementary to Callcredit Information Group, including banking, insurance, consumer finance, retail, financial technology, telecommunications and utilities.

As part of the acquisition, the entire Confirma team is expected to stay in place, with the aim of growing the business as Callcredit continues to invest in its offering within the geography.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →