Over forty years of history
1967
Credit Reference Association began as a mutual organisation.
1998
Credit Reference Association is demutualised and became a wholly owned subsidiary of the Data Advantage Group (Credit Advantage).
1999
The establishment of the 50% joint venture business, Alliance Group Holdings, a company that offers a complete range of receivables management solutions.
The Commonwealth Bank of Australia is a one-third shareholder in Alliance, based at Parramatta, joining original shareholders Data Advantage and Baycorp Holdings.
2000
In November 2000, Data Advantage establishes another joint venture business with Trans Union International Inc. called TransUnion Advantage. This business exclusively serves the Asia Pacific market in providing software and decision support services to enable emerging economies to establish world-class credit-granting infrastructures.
2001
Data Advantage and Baycorp Holdings merge to form Baycorp Advantage with dual listings on the Australian stock exchange and the New Zealand stock exchange.
2005
Baycorp Advantage announces a profit of $34.8 million. Shareholders decide to exit the collections business, announcing the "Baycorp Advantage Business Change Blueprint" program. This program was expected to produce net benefits of approximately $12 million a year from 2008.
2006
Shareholders vote for a new company name in November. Baycorp Advantage becomes Veda Advantage. Baycorp Collection Services is sold in May for A$97 Million.
2007
In January, the Board of Directors announces to the Australian Stock Exchange that they have received an indicative proposal from a private equity consortium comprising Pacific Equity Partners and Merrill Lynch Private Equity Partners (the Consortium) about a potential privatisation of the company.
Veda Advantage was officially launched on Feb 26 2007. Following the launch, the Veda Board of Directors and the Consortium announces to the ASX and NZX a special purpose company established by the Consortium called VA Australia Finance Pty Limited (VA Finance).
Veda Advantage became fully privatised on July 9. At the Extraordinary General meeting in June, shareholders voted by an overwhelming majority (99.11% in favour, 0.89% against) - to accept the VA Finance Consortium's offer on all Veda Advantage shares.
2007
Veda Advantage acquires Atlantis Group's marketing division in July as part of Veda Advantage's strategy to expand and diversify its range of marketing services.
2007
In September, Veda Advantage acquires Australian Business Research (ABR) and National Tenancy Database (NTD) from Collection House Limited (CLH).
2008
Veda Advantage has leads a determined campaign to modernise Australia's credit reporting laws and allow for comprehensive credit reports. Veda's campaign for comprehensive reporting was vindicated in August 2008, with the Australian Law Reform Commission recommending five new data sets be added to credit reports - including account repayment history.
2009
Veda Advantage acquires Secure Sentinel to enhance its credit file and alert services.
2011
Veda Advantage acquires Mirus Online, further strengthening its' footprint in People Location services targeted focused on the Collections market.
© 2011 Veda Advantage
On this site you will find a description of some of our products and services. Please note that many of our products and services are highly specialised and are designed to meet very particular needs of specific customers and industry sectors. They may not be suitable for all industry sectors in all circumstances. Please consider this when looking at the particular product description and contact Veda to discuss your particular needs.