CHOICEPOINT ACQUIRES NATIONAL DATA RETRIEVAL.ChoicePoint (NYSE NYSE See: New York Stock Exchange :CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ), Alpharetta, has acquired National Data Retrieval Inc. (NDR NDR Norddeutscher Rundfunk NDR non-delivery report (email) NDR Network Data Representation NDR National Driver Register NDR Non-Delivery Receipt (email) NDR Negative Differential Resistance ), one of the nation's leading providers of public records information for bankruptcies, civil judgments, and federal and state tax liens Noun 1. state tax lien - a lien on the property of a taxpayer that the tax collector can use upon default of payment of taxes tax lien - lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien) . Terms of the acquisition were not disclosed. National Data Retrieval, which also is based in Alpharetta, has 26 fulltime employees, all of whom will be retained, plus a nationwide network of approximately 400 independent collection contractors. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. was established in 1989. NDR's products, services and public records databases of nearly 43 million records will complement ChoicePoint's existing Court Research and Retrieval Group (CRRG), which processed approximately 5 million records requests in 2002. NDR's customers will gain access to ChoicePoint's CRRG technology and records collection facilities, supported by ChoicePoint's proprietary database of more than 16 billion public records. "We are pleased to acquire the expertise of National Data Retrieval, which greatly enhances ChoicePoint's civil records collection capabilities," said Andy Guberman, vice president of ChoicePoint's record operations. "The combination of ChoicePoint and NDR strengthens our presence in this important market and supports the continued growth of our Court Research and Retrieval Group." The acquisition represents a significant advancement for ChoicePoint, which previously had purchased civil records while it collected its own criminal records for WorkPlace Solutions customers and its National Criminal File product of more than 63 million records of convictions. "Given ChoicePoint's scale resulting from its significant growth over the past several years, it is now more cost effective to bring the civil records collection process in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. ," Guberman said. "The acquisition of NDR allows ChoicePoint to do this quickly and in a high quality fashion." As a part of the agreement, the current National Data Retrieval top leadership team of Rick Anderson
Rick Anderson is a prominent Canadian political strategist and businessman. In the 1980s, he worked for the Liberal Party of Canada. and Erik Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic will continue to operate the business. "We welcome the opportunity to join an organization as dedicated to excellence as ChoicePoint," said Rick Anderson, president of National Data Retrieval. "We share their commitment to providing timely and reliable data to help customers make smarter decisions and manage risk. ChoicePoint's vast and integrated capabilities to provide the most comprehensive information available will deliver substantial value to National Data Retrieval's clients." The transaction is not expected to have a material impact on ChoicePoint's financial results and ChoicePoint does not expect the acquisition to be dilutive to earnings. About ChoicePoint ChoicePoint (NYSE:CPS) is the leading provider of identification and credential credential verb To determine or verify titles, qualifications, documents, completion of required training, and continuing education, in those persons who function in a professional or official capacity–eg, ER physician, neurosurgeon, etc. Cf Credentials. verification services for making smarter decisions in today's fast- paced world, serving the information needs of business, government and individuals. ChoicePoint is committed to protecting personal privacy and promoting the responsible use of information to help create a safer world. For more information visit http://www.choicepoint.net or call 770/752-3594. |
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