CRIF, a leading global company specializing in credit bureau and business information, as well as advanced digital solutions for business development and open banking, announced the acquisition of ICAP – the largest B2B service group in Greece, with a strong presence in Romania, Bulgaria and Cyprus.
ICAP was founded in 1964. In 2007 the Global Eastern Europe Fund of Global Finance acquired the majority stake, with Coface, one of the world’s largest credit and business information companies, and the management team participating in the acquisition. .
With 259 employees, ICAP currently adequately covers the local business market as well as global customers, through a wide range of value-added services and innovative solutions in the field of Credit Risk & Business Information Solutions.
In addition, ICAP is the only company in Greece that has been recognized as certified as “External Credit Rating Agency by the Bank of Greece and one of the few companies in Europe to have a Credit Rating Agency” (Credit Rating Agency) by European Securities and Markets Authority (ESMA).
ICAP business bulletins are a unique source of business information that can provide accurate and reliable insights for domestic companies. In particular, ICAP credit risk services provide comprehensive and up-to-date trade and financial data based on ICAP DATA BANK, the largest business database in Southeast Europe, covering 8.7 million companies in 4 countries (Bulgaria, Greece, Romania & Cyprus ). In addition, as a member of the Dun & Bradstreet network, ICAP provides access to readily available information for 300 million companies in more than 190 countries, supporting credit decisions for more than 1 million business transactions.
“We are extremely happy to be a member of CRIF, a global leader in Credit Risk Solutions. I firmly believe that ICAP fits in well with CRIF and together we will accelerate the sustainable development of ICAP in Greece, Romania, Bulgaria and Cyprus. that ICAP is now a CRIF company, will be very beneficial for our customers, as they will have access to advanced CRIF Solutions but also our people, who will have better career prospects “commented Nikitas Konstandellos, President and CEO of ICAP .
“We are pleased to announce the acquisition of the leading business intelligence provider in South East Europe, which will enable CRIF to consolidate its presence in the region. Both CRIF and ICAP are fully committed to providing solutions capable of minimizing portfolio losses.” through this acquisition, CRIF will combine its know-how and innovative solutions with ICAP market knowledge and value-added services, assisting both local companies and our global customers to continue to grow and innovate, “said Carlo Gherardi, President of CRIF.
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Source From: Capital
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