Experian acquired a 65% stake in Serasa in June 2007 and this has subsequently increased to 70%. Founded in 1968, Serasa owns the most extensive databases in Brazil on the credit behaviour of consumers and companies.
It is a well established company, with over 2,400 employees and operates across 147 locations. It has won numerous employer awards, is consistently ranked in the list of top ten employers in Brazil by the ‘Great Places to Work Institute and was awarded first place in 2006
It has been reporting its performance voluntarily for the past 14 years. Since 2004 it has been implementing the guidelines of the Global Reporting Initiative (GRI) and in 2006 reported to the new G3 guidelines.
We have incorporated Serasa’s data in this report under our six responsibilities and clearly differentiated our year-on-year comparative data to make sure the effect of the acquisition is transparent.
All data from Serasa included in this Report relates to the calendar year of 2007 (1 January - 31 December 2007) rather than the Fiscal Year ending 31 March 2008 as the rest of the business.