Veda acquires EDX, expanding its PPSR solutions
Sydney, Australia, Monday, 22 February 2016: Veda, the data analytics company and leading provider of credit information and analysis in Australia and New Zealand, today announced the acquisition of EDX, the experts in Personal Property Securities across Australia and New Zealand.
This acquisition strengthens Veda’s existing offering across Personal Property Securities registration and search. Established in New Zealand in 2006 and expanding into Australia following the introduction of the Personal Property Securities Act 2009 (Cth), EDX offers comprehensive registration, search, compliance, and remediation services.
The EDX service includes ESIS, Electronic Securities Information System, a cloud based platform that hosts the Personal Property Securities Register (PPSR) and related details post-registration. This allows customers to effectively manage and maintain their registrations. In addition to this market-leading securities management system, EDX brings to Veda a network of independent brokers providing Personal Property Securities compliance review and advisory capabilities.
Nerida Caesar, Veda’s CEO said, “The integration of Veda’s existing PPSR registration and search capability with the EDX hosted solution provides an even stronger offering for our customers. It can help them to protect their financial security interests in a more effective way.”
The founders of the business, Kim Powell and Mary Bayne, have created the market leading platform and a successful business in Australia and New Zealand. Kim Powell said, “We are excited to take the business to the next level with Veda, through extending our expert services to Veda customers and serving new customers with our combined capabilities.”