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CRIF acquires APPRO System from Equifax
BOLOGNA, Italy, and BATON ROUGE, La. (4/7/10)--CRIF announced that it has acquired Equifax Enabling Technologies in Baton Rouge, La., which primarily consists of the APPRO suite of loan origination software from Equifax. CRIF is based in Bologna, Italy. CRIF specializes in credit reporting, business information and decision support systems. APPRO is a provider of automated credit risk management and financial technologies for online and traditional lending environments. Equifax, based in Atlanta, Ga., provides information solutions that leverage commercial and consumer data in the U.S. and 14 countries. APPRO will operate as a wholly owned subsidiary of CRIF and will be marketed and distributed under the CRIF Lending Solutions brand, along with lending services and technology offerings from other CRIF companies such as Teres Solutions, Aimbridge and FLS Services. “The APPRO acquisition increases our technological capability and flexibility, which will allow us to respond to client and market demands,” said Larry Howell, CRIF International Board chair. “APPRO will help us to greatly expand the breadth and depth of lending automation technology offerings we can provide to banks, credit unions and financial institutions,” said Carlo Gherardi, CRIF CEO.


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