Bologna, Italy & Istanbul, Turkey, December 21, 2012
CRIF acquires Dun & Bradstreet Turkey, Finar and Kompass Turkey
CRIF has announced the acquisition of a corporate group based in Istanbul, comprising three companies: Dun & Bradstreet Turkey, Finar and Kompass Turkey.
The acquisition will strengthen CRIF’s industry-leading position in the field of business and credit information and risk management solutions in Turkey.
Established in Istanbul in 1989, Finar is the leading data and business information provider in Turkey. Working in collaboration with the country’s major banks, Finar develops software for small and large scale financial institutions and with its 20-years’ experience provides consultancy services to support businesses in credit decision and risk management processes.
The corporate group, headquartered in Istanbul, provides services to the Turkish business community and almost all of its business information thanks to the country’s most comprehensive database, with information on 1.2 million companies, almost all active companies, as well as access to the D&B Worldwide Network.
The acquisition is part of CRIF’s global strategy, with increasing investments over recent years, and the commitment to provide the Turkish market with greater added-value services and products. The solutions offered by CRIF and its subsidiaries worldwide will make it possible to respond more effectively to the needs of an increasingly demanding market in terms of advanced solutions and IT flexibility.
Moreover, CRIF’s decision support systems and software solutions combined with Dun & Bradstreet Turkey, Finar and Kompass Turkey data and risk management solutions will help Turkish clients optimize existing business processes in a very efficient and innovative way and strengthen relationships with Europe and many other countries.
“Turkey is a country characterized by a high rate of growth and significant potential. For this reason, it was a market we have been following with interest for a long time, searching for the right opportunity to enter the market - said Carlo Gherardi, President and CEO of CRIF -.
The integration of CRIF with Dun & Bradstreet Turkey, Finar and Kompass Turkey solutions represents a further step in CRIF’s expansion in the global market. We share a commitment to innovation and customer service and we strive to develop our value proposition. Building on synergies between the companies, we will be able to provide added-value risk assessment and decision management solutions, and support our mutual customers in increasing their profitability.”
Established in 1989, Finar has a database covering 1.2 million companies and rates 70,000 Turkish companies. Finar relies on a highly-experienced team and its vast know-how on analytics and data management accumulated over time.
About Dun & Bradstreet Turkey
Dun & Bradstreet Turkey is Turkey’s leading provider of credit information and sales and marketing solutions. Its major clients include multinational corporations, exporters, importers, corporations, banks, financial institutions and export promotion councils.
About Kompass Turkey
Kompass is a comprehensive B-2-B database, with more than 3 million international and domestic companies listed, which link buyers and sellers worldwide. Kompass Turkey is an affiliated company of Finar Enformasyon Derecelendirme ve Danismanlik Hizmetleri A.S.