Transunion
 |
|
| Public | |
| Traded as | : TRU |
| Industry | Information technology |
| Founded | February 8, 1968 |
| Headquarters | Chicago, Illinois, United States |
|
Area served
|
Worldwide |
|
Key people
|
James M. Peck (CEO) |
| Products | Credit reports |
| Services | Credit information |
| Revenue |
 US$1.705 billion (2016) |
|
US$300.5 million (2016) |
|
|
US$120.6 million (2016) |
|
| Total assets |
US$4.781 billion (2016) |
| Total equity |
US$1.363 billion (2016) |
|
Number of employees
|
4,700 (2016) |
| Website | www |
TransUnion is an American company that provides credit information and information management services to approximately 45,000 businesses and approximately 500 million consumers worldwide in 33 countries. It is also the third-largest credit bureau in the United States. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers. The company is based in Chicago, Illinois, and its revenue in 2014 was US$1.3 billion.
TransUnion was originally formed in 1968 as a holding company for the railroad leasing organization, Union Tank Car Company. The following year, it acquired the Credit Bureau of Cook County, which possessed and maintained 3.6 million card files. In 1981, a Chicago-based holding company The Marmon Group acquired TransUnion for approximately $688 million. Almost thirty years later, in 2010, Goldman Sachs Capital Partners and Advent International acquired it from Madison Dearborn Partners In 2014, TransUnion acquired Hank Asher’s data company TLO. On June 25, 2015, TransUnion became a publicly traded company for the first time, trading under the symbol TRU.
TransUnion has evolved its business over the years to offer products and services for both businesses and consumers. For businesses, TransUnion has evolved its traditional credit score offering to include trended data that helps predict consumer repayment and debt behavior. This product, referred to as CreditVision, launched in Oct. 2013.
Its SmartMove™ service facilitates credit and background checks for consumers who may be serving in a landlord capacity.
In September 2013, the company acquired eScan Data Systems of Austin to provide post-service eligibility determination support to hospitals and healthcare systems. The technology was integrated into TransUnion’s ClearIQ platform that tracks patients demographic and insurance related information to support benefit verification.
In November 2013, TransUnion acquired TLO LLC, a company that leverages data in support of its investigative and risk management tools. Its TLOxp technology aggregates data sets and using a proprietary algorithm to uncover relationships between data that were not possible before.
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