Callcredit announce purchase of process benchmarking ltd

Callcredit Information Group today announced the purchase of process benchmarking ltd, in a deal set to combine their proven strengths to deliver the most powerful credit risk management insight for their clients.

Since 1994, process benchmarking ltd has been providing unique benchmarking services to blue chip organisations including major clearing banks, building societies and other financial services institutions.

This form of benchmarking complements the existing products and services offered by Callcredit including credit risk, affordability, fraud management and verification solutions.

Graham Lund, Managing Director at Callcredit said: "The purchase of process benchmarking ltd shows our strong commitment to investing in the future growth and expansion of Callcredit. We approached pbl on the recommendation of our mutual clients and are excited to be working with such a unique and innovative company."

Lucy Vella, Director and founder of process benchmarking said: "This agreement provides us with a real opportunity to provide an even better service to our clients whilst at the same time maintaining the Independence and the trust that we have built up over many years. We also look forward to working with the new clients introduced by Callcredit."

The Leeds office of Hammonds LLP advised Callcredit on this latest transaction. The team was led by corporate senior associate Paul Mann.