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EQUIFAX TO ACQUIRE LAWLOGIX

July 21, 2022 6:15am EDT Download as PDF

Acquisition of I-9 and Immigration Case Management Software Provider to Further
Expand Equifax Workforce Solutions Business

ATLANTA, July 21, 2022 /PRNewswire/ -- Equifax® (NYSE: EFX) announced today that
it has signed a definitive agreement to acquire LawLogix, a leading provider of
cloud-based I-9 software and immigration case management software, from Hyland.
This acquisition will enable Equifax's largest and fastest-growing business,
Workforce Solutions, to support employers and law firms with an even more
comprehensive set of services as they manage amidst today's complex and rapidly
changing employment and regulatory landscape.



"Reinvesting our strong cash flow in accretive and strategic bolt-on M&A is
central to our EFX2023 growth strategy. This is our eleventh acquisition in the
past 18 months and aligns with expanding Equifax capabilities for strong future
growth," said Mark W. Begor, CEO of Equifax. "LawLogix will grow the
industry-leading suite of employer services within our largest and
fastest-growing business: Workforce Solutions. And with the Equifax Cloud™, we
have the infrastructure in place for rapid integration - helping us to
accelerate innovation and provide our customers with access to more
capabilities, services and insights than ever before." 

LawLogix offers two cloud-based software as a service (SaaS) solutions: Guardian
and Edge. Guardian helps employers with their Form I-9 and E-Verify requirements
while providing a user-friendly I-9 workflow that supports organizations with a
distributed workforce. Edge provides immigration law firms, non-profit
organizations, and employers with comprehensive immigration case management
software, including a customizable, easy-to-use client web portal. These
solutions are supported by award-winning customer support representatives.

"Equifax helps employers streamline vital processes for onboarding and managing
the talent they need to help grow their businesses," added Begor. "The addition
of LawLogix further demonstrates our commitment to providing customers with
easy-to-use solutions that are grounded in deep industry expertise. We are a New
Equifax that is expanding well beyond a traditional credit bureau - and we are
just getting started."

Based in Phoenix, LawLogix digitizes and streamlines labor-intensive I-9 and
immigration processes while helping thousands of organizations, including
several of the largest businesses and most recognized immigration law firms in
the United States, comply with complicated regulatory frameworks. Its leaders
and employees will join the Equifax Workforce Solutions business once the
transaction has closed. No other parts of the Hyland business are included in
the transaction.

"Employers and law firms recognize that the stakes are high when it comes to I-9
and immigration case management," said John Fay, President, LawLogix. "That is
why so many rely upon our solutions, which were developed by immigration law
experts and are backed by decades of industry experience. We are energized by
the opportunities before us, as we leverage Equifax technology and analytics to
help benefit our clients and grow the business."

The transaction is subject to customary closing conditions and is expected to
close in the third quarter of 2022. The acquisition is not anticipated to have a
material impact on 2022 Equifax financial results.

FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and forward-looking
information. All statements that address operating performance and events or
developments that we expect or anticipate will occur in the future, including
statements relating to our ability to successfully consummate the proposed
transaction, the expected financial and operational benefits, synergies and
growth from the LawLogix acquisition and our ability to integrate LawLogix and
its products, services, technologies, IT systems and personnel into our
operations, and similar statements about our outlook and our business plans are
forward-looking statements. We believe these forward-looking statements are
reasonable as and when made. However, forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations or projections.
These risks and uncertainties include, but are not limited to, those described
in our 2021 Form 10-K and subsequent SEC filings. As a result of such risks and
uncertainties, we urge you not to place undue reliance on any forward-looking
statements. Forward-looking statements speak only as of the date when made. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data,
analytics, and technology company, we play an essential role in the global
economy by helping financial institutions, companies, employers, and government
agencies make critical decisions with greater confidence. Our unique blend of
differentiated data, analytics, and cloud technology drives insights to power
decisions to move people forward. Headquartered in Atlanta and supported by more
than 13,000 employees worldwide, Equifax operates or has investments in 25
countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com.

ABOUT LAWLOGIX
LawLogix assists millions of people every year through its innovative Electronic
I-9 Compliance, E-Verify and immigration case management software. Founded in
2000, LawLogix is a trusted SaaS provider for many prestigious immigration law
firms, organizations and corporations, including members of the Fortune 500. For
more information about LawLogix and its suite of products, visit LawLogix.com.

ABOUT HYLAND
Hyland is a leading content services provider that enables thousands of
organizations to deliver better experiences to the people they serve. For more
information, visit Hyland.com.

FOR MORE INFORMATION
Daniel Jenkins for Equifax Workforce Solutions
mediainquiries@equifax.com 



View original content to download
multimedia:https://www.prnewswire.com/news-releases/equifax-to-acquire-lawlogix-301590776.html

SOURCE Equifax Inc.

Released July 21, 2022

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