CRIF Acquires APPRO Systems

CRIF S.p.A. announced the closing of its purchase of Equifax Enabling Technologies LLC, the developer of the APPRO Systems automated credit decision technology. Equifax Enabling Technologies was a subsidiary of Equifax Inc. (NYSE: EFX), a provider of financial information solutions. The APPRO suite of loan origination software is used by a variety of banks, credit unions and other financial institutions in credit risk management and services programs. Morrison Cohen LLP represented CRIF and its subsidiary, CRIBIS Corporation, in the transaction. CRIF, based in Bologna, Italy, is a supplier of banking credit information systems, including business and commercial information, and credit and marketing management services. Please click the link below to read the full text of CRIF's press release announcing the transaction.

http://www.crif.com/en/Default.aspx