Atlanta-headquartered credit reporting agency Equifax announced Tuesday the completion of its acquisition of HR platform Efficient Hire in a deal intended to help build out its suite of employer solutions.
Equifax serves financial institutions, companies, employers and government agencies with solutions for workforce management, credit risk, marketing and more. Its customers span industries from automotive and fintech to retail and manufacturing, and its cloud platform aims to help developers innovate faster and to spare data scientists time from sorting through information.
Joining the global credit bureau’s suite of tools, Efficient Hire offers a range of solutions built for the needs of hourly employers. It helps firms across the restaurant, staffing, building services, senior care and hospitality industries scale their workforces with a collection of HR management solutions. For instance, a restaurant chain that would need to hire and onboard employees consistently would also rarely have an HR professional onsite. Efficient Hire’s digital solutions would serve managers, employees or applicants alike.
“As our first acquisition of 2022, Efficient Hire aligns with Equifax’s strategy to reinvest our strong performance in strategic and bolt-on acquisitions that strengthen our business and position us for diversified growth,” Mark Begor, Equifax’s CEO, said in a statement. “Our investment in the Equifax Cloud will enable us to more quickly integrate the unique Efficient Hire solutions into our already robust suite of Workforce Solutions employer services, delivering even more value, capabilities and innovation to our customers.”
Having completed the transaction, the newly combined entity is now known as Efficient Hire, an Equifax company, and the business unit will continue to operate from its existing location in Denver. Efficient Hire’s CEO David Kenney has taken on the title of general manager as he heads the renamed division.
“Both Efficient Hire and the Employer Services business within Equifax are sharply focused on removing friction from the employee experience, and deploying technology so managers can spend less time on HR paperwork and more time growing their businesses,” Kenney said in a recent company interview. “That starts with hiring and follows through to onboarding and ongoing management. We are excited for our future together, as we leverage Equifax’s capabilities in analytics and technology for the benefit of Efficient Hire’s customers.”
Currently more than 13,000 employees strong, Equifax operates in 24 countries across the globe and is showing no signs of slowing its rate of growth. The company is hiring for over 600 roles internationally. More than 100 of those positions are based out of its Atlanta headquarters, where Equifax is expanding departments including technology, data and analytics, marketing, operations and more.