TransUnion (TRU) Forms Strategic Partnership To Spur Growth
Zacks Investment Research | Oct 10, 2016 10:05PM ET
TransUnion (NYSE:TRU) is currently making significant investments to modernize its infrastructure and facilitate the seamless transition to the latest Big Data and analytics technologies. Such investments will allow TransUnion expand its business and improve its cost structure. It recently inked a strategic partnership with SavvyMoney, wherein both entities will work mutually to enhance their financial data analytical offerings to the customers.
This deal will help TransUnion’s consumers get personalized credit information services using SavvyMoney’s highly advanced credit system.
Headquartered in Pleasanton, CA, SavvyMoney is a leading provider of credit information services. It works toward empowering its customers to take full control of their finances by providing easy to understand actionable advice about their credits. The company provides free ongoing access to their credit score, as well as explains the factors that impact it, and recommends actions to improve it.
The company took over RTech (Healthcare Revenue Technologies, Inc) to enhance its healthcare business by leveraging data, technology and analytics to help healthcare providers make the most of its lucrative business potential. In June, the company had also acquired Auditz, LLC, another leading healthcare services organization.
TransUnion is focused on organic and inorganic growth to enhance its portfolio. These initiatives will help the company enhance its top line, going forward.
TRANSUNION Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.