Credit Register operator buys data firm Vision-net
The Italian data credit tracking company tapped by the Central Bank to run Ireland's new Central Credit Register (CCR) has agreed a deal to buy Irish business data provider Vision-net.
Bologna-based CRIF specialises in operating credit bureaux, and the provision of business information and credit monitoring services.
The company won the Central Bank contract to build and operate the CCR four years ago.
Dublin-based Vision-net provides company data, including credit reports, company accounts and director details for every company in the UK and Ireland.
The Irish business had 22 staff at the start of last year, according to its most recently filed accounts.
Its client list has expanded to include leading Irish companies across the financial services, legal and accountancy sectors, as well as listed companies, public sector bodies, multinationals and indigenous SMEs.
The acquisition will strengthen CRIF's local presence in the field of business information and decision support solutions, the companies said in a statement.
Vision-net managing director Christine Cullen, pictured, will continue in her role and will lead the business in Ireland. She will work alongside CRIF's regional director for the UK and Ireland, Sara Costantini.
"By combining the strength of CRIF's global know-how and experience with Vision-net's distinctive expertise, we will help our clients to seize new opportunities and open up new possibilities for growth and innovation", said Carlo Gherardi, president and CEO of CRIF.