Elixir Technology’s subsidiary, BizInsights, a leading provider of corporate information and licensee of the Accounting and Corporate Regulatory Authority of Singapore (ACRA) database, has recently been acquired by CRIF S.P.A., Italy, a global information company specialising in credit bureau, business information and credit solutions.
BizInsights currently provides various types of information reports, through an innovative online platform to both local and international customers, supporting their digitisation efforts in business transformation. The new company – CRIF BizInsights – will strengthen this focus by empowering enterprises with credit risk management and meeting due diligence and compliance requirements among others.
“We are pleased and excited that BizInsights is now part of the CRIF family. Given our shared values in delivering quality business information through technology innovations, Singapore companies can look forward to a wider range of innovative products and services as CRIF consolidates its footprint in the region,” commented Lau Shih Hor, CEO of BizInsights.
Singapore companies will be able to access additional sources of global business information, data analytics and proven credit management solutions as well as enjoy heightened visibility via the CRIF global network to manage and grow their business. CRIF’s provision of direct ASEAN and Asia presence, market knowledge and expertise with innovative data platform will also help to facilitate intra-region trade growth among local companies. With the addition of Singapore to CRIF’s significant presence across the ASEAN region as part of its broader Asia growth plan, CRIF clients can now look forward to even greater information coverage to meet their needs.
This acquisition will provide a fuller range of information services solutions to local companies, supporting their digital transformation efforts as well as boosting the information industry.