Experian buys Mighty Net in £133m deal

first_img Share Credit information company Experian has bought US peer Mighty Net Inc for $207.5m (£133m), in a deal which Experian said would consolidate its market leading position in the United States.Mighty Net, which was founded in 1996, provides online services to US consumers interested in managing their credit behaviour.As of 30 June 2010, Mighty Net had approximately 680,000 subscribers in the United States.The company, whose brands include the CreditReport.com, CreditScore.com and MyCreditScore.com websites, had 2009 revenues of $115m and earnings before interest and tax of $28m.Experian said it expected to increase the revenue per member among Mighty Net’s subscriber base and was targeting savings of around $4m from the deal in the year to March 2012 and savings of $5-6m in the following year. John Dunne Tuesday 21 September 2010 3:35 am Experian buys Mighty Net in £133m deal Show Comments ▼center_img whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more