Home Strategy Infotrack acquires CreditorWatch to fuel growth
Infotrack acquires CreditorWatch to fuel growth Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Technology company InfoTrack, a provider of intelligent search and automated workflow tools for professionals and consumers, has acquired fellow Australian company and credit bureau solutions provider, CreditorWatch.

CreditorWatch founder Colin Porter says it is definitely time to partner with a larger group “that understood our ambition and could invest in order to cement us as a truly legitimate alternative to the incumbent players in this space”.

“Three years ago we had a staff of six and now there are more than 50 people working for CreditorWatch. Our trajectory as a business has been incredible and the momentum remains amazingly strong.

“We are really excited about becoming part of the InfoTrack family. Relentless client focus and technology innovation are hallmarks of our culture and strategy. And we have seen those traits demonstrated consistently in InfoTrack and among its staff and leadership. In addition to being able to leverage unique data across both businesses, InfoTrack will also provide us with excellent support across sales, distribution, marketing, technology and product development to accelerate our growth.”

CreditorWatch aggregates data from multiple, high-quality sources to provide users with a clear and accurate understanding of credit risk across customers, prospects and suppliers, and its early focus was on small to medium enterprises which Porter identified as being under-serviced by traditional industry providers.

The executive chairman of InfoTrack, Stephen Wood, welcomed the completion of the strategic investment in CreditorWatch, the first since the $350 million raising in the Term Loan B debt market by parent company, Australian Technology Innovators.

Wood described the capital raising as a landmark deal for an Australian technology company.

 “InfoTrack and CreditorWatch are tremendously complementary and there is simply a huge opportunity to create value for our respective client bases. In particular, there is a very exciting product integration potential where we can bring data and insights from CreditorWatch together with our best in class search capability to deliver unique and unrivalled products and services for our customers.

“We continue to win clients because of our technological advantage and the dedication of the Infotrack team to support our clients daily. Acquiring CreditorWatch is consistent with our broader strategy to be the leading provider of critical business information to professional services firms, corporates and consumers. The Term Loan B raise has given us the balance sheet flexibility to be opportunistic and invest in new assets and products.”

Under the deal, Colin Porter and the existing CreditorWatch team will continue to operate the business on a standalone basis with existing branding retained.

47 REASONS TO ATTEND YOW! 2018

With 4 keynotes + 33 talks + 10 in-depth workshops from world-class speakers, YOW! is your chance to learn more about the latest software trends, practices and technologies and interact with many of the people who created them.

Speakers this year include Anita Sengupta (Rocket Scientist and Sr. VP Engineering at Hyperloop One), Brendan Gregg (Sr. Performance Architect Netflix), Jessica Kerr (Developer, Speaker, Writer and Lead Engineer at Atomist) and Kent Beck (Author Extreme Programming, Test Driven Development).

YOW! 2018 is a great place to network with the best and brightest software developers in Australia. You’ll be amazed by the great ideas (and perhaps great talent) you’ll take back to the office!

Register now for YOW! Conference

· Sydney 29-30 November
· Brisbane 3-4 December
· Melbourne 6-7 December

Register now for YOW! Workshops

· Sydney 27-28 November
· Melbourne 4-5 December

REGISTER NOW!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

Popular News

 

Telecommunications

 

Sponsored News

 

 

 

 

Connect