We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equifax (EFX) Announces Completion of LawLogix Acquisition
Read MoreHide Full Article
Equifax Inc. (EFX - Free Report) announced yesterday that it has completed the acquisition of cloud-based I-9 software and immigration case management software provider, LawLogix, for an undisclosed amount. The acquisition was previously announced on Jul 21.
LawLogix provides two cloud-based software as a service (SaaS) solutions, Guardian and Edge. Guardian aids employers with their Form I-9 and E-Verify requirements and provides I-9 workflow. Edge provides comprehensive immigration case management software to businesses, immigration law firms and non-profit organizations.
Strengthening Workforce Solutions
LawLogix has joined Workforce Solutions, Equifax's largest and fastest-growing business, and expands the company's portfolio of employer and HR-focused solutions that assist companies in managing their hiring and employment requirements. Addition of LawLogix positions Equifax to deliver a comprehensive set of services suitable for employers in a rapidly changing employment and regulatory environment.
"Equifax has expanded well beyond a traditional credit bureau and the acquisition of LawLogix marks the sixth acquisition in support of the continued growth and expansion of the Equifax Workforce Solutions business unit since the beginning of 2021,” said Mark W. Begor, CEO of Equifax.
Equifax’s shares have declined 32.1% in the past year compared with a 27.8% fall in the industry it belongs to.
Image: Bigstock
Equifax (EFX) Announces Completion of LawLogix Acquisition
Equifax Inc. (EFX - Free Report) announced yesterday that it has completed the acquisition of cloud-based I-9 software and immigration case management software provider, LawLogix, for an undisclosed amount. The acquisition was previously announced on Jul 21.
LawLogix provides two cloud-based software as a service (SaaS) solutions, Guardian and Edge. Guardian aids employers with their Form I-9 and E-Verify requirements and provides I-9 workflow. Edge provides comprehensive immigration case management software to businesses, immigration law firms and non-profit organizations.
Strengthening Workforce Solutions
LawLogix has joined Workforce Solutions, Equifax's largest and fastest-growing business, and expands the company's portfolio of employer and HR-focused solutions that assist companies in managing their hiring and employment requirements. Addition of LawLogix positions Equifax to deliver a comprehensive set of services suitable for employers in a rapidly changing employment and regulatory environment.
"Equifax has expanded well beyond a traditional credit bureau and the acquisition of LawLogix marks the sixth acquisition in support of the continued growth and expansion of the Equifax Workforce Solutions business unit since the beginning of 2021,” said Mark W. Begor, CEO of Equifax.
Equifax’s shares have declined 32.1% in the past year compared with a 27.8% fall in the industry it belongs to.
Equifax, Inc. Price
Equifax, Inc. price | Equifax, Inc. Quote
Zacks Rank and Stocks to Consider
Equifax currently carries a Zacks Rank #4 (Sell).
Investors interested in the broader Zacks Business Services sector can consider stocks like Avis Budget Group, Inc. (CAR - Free Report) , Genpact Limited (G - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has an earnings growth rate of 108.4% for 2022. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 (Buy) at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
CRA International flaunts a Zacks Rank of 1, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.