TransUnion (TRU) Forms Strategic Partnership To Spur Growth

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.

Headquartered in Chicago, IL, TransUnion is a consumer information services company that offers data and analytics solutions, particularly in credit risk management. The company is one of the three largest credit reporting agencies in the U.S. What sets TransUnion apart is its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities that enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across a wide range of industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information.

Some other notable stocks in the industry include Hooper Holmes Inc. (NYSE:HH) , National Research Corp. (NASDAQ:NRCIB) and S&P Global, Inc. (NYSE:SPGI) .

Hooper Holmes belongs to the Business Information Services space. The company provides medical services to enable life insurance companies evaluate the risks associated with underwriting policies.

National Research belongs to the Business Information Services space. The company has positive average earnings of 7.8%, beating estimates twice in the trailing four quarters.

S&P Global is part of the Business Information Services space. The company has a healthy earnings history, beating earnings all four times in the last trailing quarters.

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