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infoscore Hungary

arvato infoscore (resp. the former InFoScore group) has intensified its involvement in Eastern Europe with the acquisition in December 2004 of a stake in the Creditexpress Group in Hungary.

Through this expansion in Hungary, InFoScore has successfully strengthened its range of services. Creditexpress Kft., headquartered in Budapest, is among the leading receivables management companies in Hungary. Besides the traditional collection services and the collateral management of motor vehicles, the Hungarian enterprise completes its value chain by purchasing receivables. Creditexpress has 55 employees. Since its foundation in 1999, it now ranks second on the Hungarian market. A diverse range of customers, from financial service providers, telecommunications companies, power supply and trade companies, benefit from Creditexpress' service.

German as well as international companies active in the Hungarian market can especially benefit from this joint venture. The cross-border service offering industry-specific solutions for an integrated receivables management also offers opportunities for those companies to earn profits which were previously hesitant about entering the Hungarian market due to the possible risk of default. These companies can now protect themselves against possible default risks and benefit further from the potential for growth. At the same time, Hungarian enterprises that plan on entering the German market may also benefit from this service.

© 2008 arvato infoscore