Veda (company) explained

Veda Advantage Limited
Type:Public Listed Company
Foundation:1967
Location:Sydney, Australia
Products:Business Services
Parent:Equifax

Veda Advantage was the largest credit reference agency in Australia[1] and New Zealand, before it was acquired by Equifax in February 2016. It provided credit reporting, credit scoring, and marketing analytics services.

The Company was previously known as Baycorp Advantage, which was a merger of Australian company Data Advantage and New Zealand Company Baycorp in 2001.[2] The name change was prompted by the sale of the Baycorp Collection Services which will retain the Baycorp name. The name change has already been applied to its listing on the Australian Stock Exchange. Veda controlled over 85% of the credit reference market in Australia, as at 2010,[3] holding data on 14 million people.[4]

Notes and References

  1. Book: Cubbage. Christopher. Brooks. David. Corporate Security in the Asia-Pacific Region: Crisis, Crime, Fraud, and Misconduct. 2012. CRC Press. 978-1439892275. 109.
  2. News: Baycorp's new owner wants refund. https://web.archive.org/web/20160308040043/https://www.highbeam.com/doc/1G1-158281305.html. dead. 8 March 2016. Bennett. Adam. 25 January 2007. New Zealand Herald . 7 September 2012.
  3. Web site: What is Veda?. https://web.archive.org/web/20141011093436/http://www.highbeam.com/doc/1G1-234651408.html. dead. 11 October 2014. Anne. Hyland. 16 August 2010. Australasian Business Intelligence . 7 September 2012.
  4. Book: Rule. James. Greenleaf. Graham. Global Privacy Protection: The First Generation. 2008. Edward Elgar Publishing Ltd. 978-1848440630. 146.