San Ramon, CA (PRWEB) October 26, 2010
Ascend Strategic Partners, LLC (Ascend) is pleased to announce that Experian, the global information services company, has acquired substantially all the assets of Mighty Net, Inc (Mighty Net), a provider of online credit monitoring services to consumers. The purchase price is $207.5 million which was funded from Experian's existing cash resources. Ascend acted as the exclusive financial advisors to Mighty Net in connection with the transaction.
Founded in 1996, Mighty Net provides online services to US consumers interested in managing their credit behavior. Mighty Net's key products include bureau reports, bureau scores, credit score tracking and credit file monitoring services, which are provided directly to consumers on a subscription basis. As of June 30, 2010, Mighty Net had approximately 680,000 subscribers in the US. Mighty Net's products are marketed online through its CreditReport.com, CreditScore.com and MyCreditScore.com websites.
For more information regarding this transaction, visit: http://www.experianplc.com/news/company-news/2010/2010-09-21.aspx
Ascend helps closely-held business owners diversify their wealth through M&A transactions. The company is located in San Ramon, CA and serves clients with revenues of $20 to $200 million in the Western United States. For more information, visit: http://www.ascendsp.com/