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Walter Pinson

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Credit is BIG Business!

In 2007, Equifax posted revenues of $1.8B.  Over a quarter of a billion of that was profit.  Even though profits were down from the previous year by 1%, revenue grew by 19% over the same period.  The credit business is definitely big business.

One thing to note is that Equifax’s US Consumer and Information Solutions business unit accounts for 53% of all of its revenues, while its North America Personal Solutions business unit accounts for only 8% of its total revenues.

Between the entities that purchase consumer information and the individual consumers, I wonder which group has more leverage with Equifax.  Would you care to take a guess?

Photo credit Chi sin.

More Stories By Walter Pinson

Walter Pinson is the Chief Software Architect at SMBLive; whose IAmFound social marketing platform helps SMBs (small and medium-sized businesses) get discovered online and generate inbound sales leads. In his role as CSA, Walter manages a globally distributed product development group and has SaaS products deployed at major telecommunications channel partners in the US, UK, Switzerland, Canada, and Mexico. Additionally, Walter is a co-founder and principal of Pinson3 Systems; a boutique software engineering concern serving the intelligence and defense sectors with solutions ranging from enterprise web-based multi-modal biometric analysis systems to information warfare training systems. Prior to his role at SMBLive and founding Pinson3 Systems, Walter was a Senior Strategy Consultant with Microsoft focused on SaaS, SOA, and .NET adoption in the telecommunications sector. Walter has published articles for Cloud Computing Journal, is a member of ACM and IEEE, and currently has one patent pending. He holds a bachelor's degree in computer science from The Volgenau School of Information Technology and Engineering at George Mason University, where he focused on distributed and parallel computing. Walter is currently working on his MBA at the GMU School of Management.