Homepage Veda newsroom

Veda announces acquisition of Corporate Scorecard

Announcement posted by Veda 03 Apr 2013

Sydney, Australia; 3 April 2013: Veda, Asia-Pacific's leading provider of consumer and commercial data intelligence and insights today announced the acquisition of Corporate Scorecard, an independent provider of quality financial and supplier risk assessments.

Corporate Scorecard (CSC) has been in business for over 30 years providing high quality and dependable financial viability and risk advisory services to Government and private enterprises, with a core competency in financial viability assessments on entities involved in Government contracts and major infrastructure projects for much of that time. 

Corporate Scorecard provides a wide range of services including:

• A broad range of financial viability assessments
• Commercial, financial and risk advisory services
• Industry benchmarking
• Supply chain research
• Credit ratings and risk assessment platforms for wholesale clients

Veda CEO, Nerida Caesar, said “We chose Corporate Scorecard because of its strength of procurement risk solutions which have strong market appeal.  We have made significant investments to our commercial credit and supplier risk portfolio in the last 18 months and this targeted acquisition further accelerates our very strong market position.  Corporate Scorecard will now be able to leverage Veda’s data intelligence and insights making this acquisition a ‘win-win’ outcome for both parties”

The acquisition of Corporate Scorecard was very targeted and is a natural fit with Veda’s existing commercial credit and supplier risk portfolio and synergistic with our credit analytics capabilities.  Procurement and credit utilise similar data sets, technologies, staff and resources and in many cases customers.  CSC will not only help Veda increase its reach within the government sector and other key verticals, but over time also offer better financial risk assessments to existing customers looking to manage their credit and/or supplier risk needs.

Corporate Scorecard is also the only independent online provider of Business Information Services that has a Financial Services License to provide Credit Ratings in Australia under its new regulations. This capability will complement our market leading credit analytics capabilities  

Corporate Scorecard’s founder and Managing Director, Graeme Gribben said “We see Veda as a natural home for our businesses. Veda’s committed and intelligent approach to strategic growth in this space will help to grow and invest in the future development of Corporate Scorecard’s services to ensure we are delivering the best possible solutions to our customers.”

Mr Gribben will assist in the smooth transition to Veda and will be succeeded by Mr Moses Samaha, the current General Manager of Veda’s Commercial Credit & Procurement Risk business.

-Ends-

About Veda
Veda is Australasia's leading data intelligence and insights company and has been at the forefront of the information services industry for many decades. Veda is built on the largest, most comprehensive and current data source in Australia and New Zealand. We hold more fit-for-purpose credit data than any other organisation in Australia and New Zealand, including information on 19.4 million credit active people and 4.2 million companies and businesses. The breadth and depth of our data, and the knowledge it delivers help customers take a proactive and informed approach in making decisions.

Veda serves a diverse range of markets including large financial institutions, small to medium sized enterprises, and consumers. We provide services in areas of Consumer Credit Risk, Commercial Credit Risk, Credit Analytics, Data Solutions, Fraud and Electronic Verification, Insurance, Automotive, Customer Location Services and Commercial and Property Solutions.

www.veda.com.au

About Corporate Scorecard
Originally incorporated in 1948, Corporate Scorecard has focused on counter-party and procurement risk since 1987, with hundreds of clients servicing a range of industries in Australia.  Corporate Scorecard specialises in providing commercial, financial and risk advisory services to Government and private enterprise with a core competency in financial viability assessments on entities involved in Government contracts and major infrastructure projects. 

www.corporatescorecard.com.au