WAYNE, Pennsylvania and ATLANTA, Georgia, May 22, 2017 /PRNewswire/ --
BizEquity, the world's leading online provider of business valuation big data, today announced a strategic relationship with Equifax Inc. (EFX), a global information solutions provider, to offer a new business valuation tool to help financial professionals prospect more effectively and small business owners better understand their business worth.
As part of the expanded agreement, Equifax will offer the BizEquity - BizEstimate™ business valuation estimation as a core attribute in their market-leading Equifax Marketing Data Services (MDS) file. The Equifax MDS file is comprised of over 33 million domestic businesses containing over 500 data attributes. BizEquity the global leader in business valuation data has scored every domestic private business in the Equifax MDS file based on up to 143 business valuation attributes.
The new BizEstimate™ score will help provide customers with:
- Understanding the capacity of opportunities for financial and other credit products with business owners
- Provide another measure of risk and credit performance
- Determine additional lending opportunities
- Determine additional insurance and wealth management opportunities
- Better align their services to the entrepreneurs' needs
"Our MDS file has helped hundreds of financial and commercial institutions better market their product and services to business leaders and owners," said Scott Wagner, senior vice president and general manager of commercial marketing data services at Equifax. "The addition of the BizEstimate model and attribute will help the clients we serve by providing a forward indicator of risk and revenue opportunities."
"BizEquity is proud to expand our relationship with Equifax by delivering to the market this new leading indicator to the clients they serve," stated Michael M. Carter, founder and chief executive officer of BizEquity. "Understanding the potential estimated business net worth and value will change the way business owners and entrepreneurs are treated and served, by aligning their opportunities to the risk of the financial institutions that serve them."
For more information, please visit: http://www.bizequity.com
For further information, please contact:
Richard Morgan Evans/Kathleen Edmondson/Harriet Adams/Sarah Cooper-Lesadd