Coface acquires North America data analytics boutique Rel8ed
Coface acquires North America data analytics boutique Rel8ed
Paris, 30 January 2023 – 13.00
Coface announces today the acquisition of North American data analytics boutique Rel8ed. The acquisition brings new, rich data sets and analytics capabilities, which will benefit Coface trade credit insurance as well as the company’s business information customers and teams.
“Over the last year, as we partnered with Rel8ed, it has demonstrated a truly distinct set of capabilities to Coface and our clients, in the North America market, where deep insights into mid-market and small businesses are difficult to acquire,” said Oscar Villalonga, CEO for Coface North America. “Bringing their unique approach and methodology to curating open, public, and alternative data sources will help us expand our database. Ultimately, it will allow us to better accompany our clients which need to closely monitor their credit and supply chain risks.”
Rel8ed was founded in 2015 with the support of Innovate Niagara’s incubator program in Ontario, and has offices in the U.S. and Canada. Rel8ed is specialized in the integration, cross-referencing, analysis and inference from big data extracted from multiple sources. Rel8ed’s customers range from multi-national companies, governments, and business associations.
In 2019, Coface established a data lab in Paris to exploit data science technologies in order to optimize its products, its risk assessments, and develop new services. This acquisition will strengthen and complement this approach. Coface customers can expect enhancements and expansions to the company’s business information activity.
“Businesses don’t simply need access to broad data sources, they need predictive analytics and actionable insights to support their business decisions. We are happy to welcome the experts of Rel8ed into Coface. Adding their talents and skills to our set-up will allow us to continue enrich our data capabilities and get the most out of it for our clients” said Thibault Surer, Director of Strategy and Business Development at Coface.
CONTACTS
ANALYSTS / INVESTORS
Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
Benoît CHASTEL: +33 1 49 02 22 28 – benoit.chastel@coface.com
MEDIA RELATIONS
Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
Corentin HENRY: +33 1 49 02 23 94 – corentin.henry@coface.com
FINANCIAL CALENDAR 2022/2023
(subject to change)
FY-2022 results: 16 February 2023 (after market close)
Annual General Shareholders’ Meeting 2022: 16 May 2023
FINANCIAL INFORMATION
This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website:
http://www.coface.com/Investors
For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2022 and our 2021 Universal Registration Document (see part 3.7 “Key financial performance indicators”).
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| COFACE: FOR TRADE With more than 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group's services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2021, Coface employed ~4,538 people and registered a turnover of €1.57 billion. www.coface.com COFACE SA is quoted in Compartment A of Euronext Paris Code ISIN: FR0010667147 / Mnémonique : COFA |
DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group's 2021 Universal Registration Document filed with AMF on 6 April 2022 under the number D.22-0244 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.
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