|By Business Wire||
|June 23, 2014 02:00 PM EDT||
eBureau, an industry leading provider of predictive analytics and information solutions, and Oxxford Information Technology, a leader in banking, insurance and business analytics, are pleased to announce a long-term strategic alliance to offer a comprehensive solution for accurately assessing fraud and credit risk at time of acquisition and measuring the probability of recovering customer debt from small businesses.
With the combination of Oxxford’s business data, representing almost 97 percent of all operating companies in the U.S. and eBureau’s coverage of nearly all adult consumers in the U.S., the team is able to deliver unprecedented fraud, credit risk and collection insights into U.S. small businesses, especially those with under $10 million in sales.
eScore for Business, the partnership’s flagship product, provides fraud, credit risk and collection scores to help businesses make confident customer acquisition decisions while optimizing collection strategies for small business accounts. eScore for Business scores 99% of all U.S. businesses by leveraging Oxxford’s wealth of resources in the small commercial business segment and eBureau’s vast data network that seamlessly integrates billions of records across thousands of databases that cover nearly all U.S. adults and households.
Together, this data fuels eBureau’s predictive analytics platform and provides a powerful way to verify the legitimacy and viability of a small business, specifically those with little or no available credit information.
Oxxford powers its data and product offerings with cross-linked databases affectionately called “Bizzilla.” Derived from over 200 public, proprietary and third-party sources, Bizzilla can provide a total view of a business through several dimensions. More than 35 million public and private company records for both analytical and contact purposes are included, representing almost 97 percent of all operating companies in the U.S. Their strength in the small commercial market segment allows Oxxford to link a business or businesses to its owner’s individual consumer record, or vice versa. This capability also includes the ability to identify home-based businesses—a fast growing market segment.
“We’re excited to promote our alliance with Oxxford and to provide an exceptional scoring solution for companies needing to confidently evaluate business customer risk,” said Gordy Meyer, chief executive officer, eBureau.
“Oxxford has long been recognized as a valuable resource in the banking and insurance industries and we see this collaboration with eBureau as a way to offer Oxxford’s small business insights to a broader market,” said, Cliff Brundage, Oxxford executive vice president. “We are thrilled to have Gordy Meyer and eBureau with us in this alliance and believe the conjunction of Oxxford’s business information resources with eBureau’s consumer analytics will prove to be superior to any other small business risk score in the marketplace.”
eBureau provides a powerful suite of predictive analytics and real-time information solutions to help companies acquire customers, manage risks and maintain customer relationships. Clients span numerous industries and rely on the company’s business and consumer scoring, identity verification, authentication, location and monitoring services to make instant, data-driven decisions about consumers and businesses. Launched in 2007, eBureau is a wholly-owned subsidiary of xTech Holdings, Inc. Its investors include Redpoint Ventures, Split Rock Partners, and Tenaya Capital. For more information, please visit www.ebureau.com.
About Oxxford Information Technology
Oxxford (www.oxxfordinfo.com) is headquartered in Hagaman, New York. Its distinctive position in the information services space results from unique content and analytical assets acquired over 25 years of client engagements with the top firms in their respective industries. Oxxford’s business development and strategies unit, OX2 Solutions Corporation (www.ox2solutions.com), has spearheaded this alliance and was launched in 2011 to assist financial institutions, technology firms, marketing organizations and small business hubs realize the potential of private company markets. OX2's solutions address marketing, financial services, wealth advisory, credit management, supply chain, economic development, and risk mitigation applications. Oxxford’s customer base includes many of the major banks, financial service companies and Fortune 500 companies.
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