Compuscan, a leading South African credit bureau, and ScoreSharp, a specialist credit risk management consultancy, announced this week a definitive merger agreement which will see ScoreSharp form part of the Compuscan Group.

The merger brings with it a number of benefits to both Compuscan and ScoreSharp clients following an already established relationship between the two companies.  Since the onset of their business partnership ScoreSharp has assisted Compuscan with the provision of value added services including strategic consulting, data analytics and predictive modelling solutions.  Incorporating the expertise of ScoreSharp into the Compuscan stable will allow both companies to better meet the needs of their customers and ensure superior service delivery and innovative solutions.

The merger brings with it tremendous advantages for clients, shareholders and employees of both Compuscan and ScoreSharp as it marks the bringing together of two successful, mission-driven organisations with a shared vision of being the leading partner in credit risk management. The merger will produce business advantages for both entities, including opportunities for future growth, financial stability and future sustainability.

Remo Lenisa, Managing Director of Compuscan, said of the merger:  "This is a significant move that accelerates our strategy and positions us as a leader in the credit industry by offering even greater value to our customers and partners.  In addition to the clear strategic benefits of merging two highly complementary organisations it allows us access to new growth opportunities and positions us in a leadership role within the market. I look forward to the potential that this merger holds both for the company and our clients.”

Peter van Heerden, Managing Director of ScoreSharp, says ‘’Through the collective experience, expertise and knowledge gained as result of the merger, it gives us added depth and innovation in our solutions offerings. I strongly believe that we will have most satisfied customers as a result of this merger’’.

Compuscan  

Compuscan, a leading South African credit bureau, provides individuals and businesses alike with holistic credit management solutions. Since its inception almost 20 years ago Compuscan has defined itself as the first truly home-grown African Credit Bureau and credit management solutions provider dedicated to empowering its clients through its value added products and services. The diversity of Compuscan’s portfolio is unequalled in the credit management sector with product offerings ranging from consultancy and training to customised software packages and up-to-date credit bureau data. By equipping clients with its range of decision making tools and services Compuscan enables individuals and businesses to better understand and manage their credit so they can achieve their financial goals.

As a full service credit reference bureau, Compuscan collects, validates, loads, verifies, houses and distributes consumer credit information. In addition, Compuscan provides a complete range of value adding products and services to assist companies in making the best business decisions, thereby enabling them to minimise their risk and maximise their profits. The company’s credit management solutions, risk information and technologies turn strategy into action and elevate business performance by giving them the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business.

3 Neutron Ave
Techno Park
Stellenbosch
7600
www.compuscan.co.za
+27 (21) 888 6000

ScoreSharp

ScoreSharp is a specialist credit risk management consultancy focused on providing scoring, analytical and consulting solutions and services to a host of local and international credit grantors in the finance, retail, insurance, telecommunications and credit bureau industries.

ScoreSharp was established by 4 industry professionals with over 50 accumulated years of risk management experience both locally and internationally (UK, USA, Monaco).  

 ScoreSharp maintains a reputation for consistently delivering innovative solutions and services which provide optimal business value to a wide variety of clients through the direct application of reputable operational industry knowledge and extensive consultancy experience, in combination with a network of strategic business partnerships.

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