The Veritas Group and Kompass
International sign a Franchise Agreement in Mexico.
As a follow up of the Coface and Kompass International Neuenschwander S.A. long-term business partnership signed on February 16, Veritas South American Corp. and Kompass International have signed a franchise deal in Mexico. This geographical expansion of the Kompass business model through the Veritas network will support organizations looking for a global approach to international marketing and the development of electronic commerce.
Kompass International is the leader in business to business information, collecting data on companies and their products and services through a unique classification system that comprises 50,000 terms translated into 38 languages. As one of the very few global trademarks in the industry, Kompass classifies 25 million product/service references for 1,500,000 companies in 70 countries. This information is published on different media, including directories, CD-ROM’s, French Minitel, and Internet.
The Veritas Group, a leader in the Americas for business and credit information, provides a wide range of products and services to credit insurance companies and corporations worldwide. Veritas is the information arm of the Coface Group in the Americas. It has developed and maintains an extensive financial database, which is directly complementary to the Kompass marketing data. As the partner in the Americas of Coface’s global Info Alliance network, Veritas offers coverage on more than 25 million companies in 67 countries. The combined know-how of Veritas and Kompass will enable Mexican companies to globally present and promote their range of products and services, prospect the market, and identify potential suppliers and partners.
Daniel Boccara President and CEO of the Veritas Group comments "Our agreement with Kompass fully supports our strategy to be the trade facilitator worldwide. Companies will be able to identify potential providers and buyers of specific products and services using the unique and extensive Kompass Information System. And at the same time, through the Veritas offerings, assess the credit worthiness of these potential partners. Veritas enjoys outstanding business opportunities in Mexico and in the Americas. I believe the marketing of the market-recognized Kompass brand will help Veritas in materializing them."
| In the Americas, the Veritas Group
provides businesses with the requisites to identify opportunities and conduct
safe and secure trade, both at home and abroad. With a network of 15 fully
staffed offices, Veritas has an extensive presence in North, Central and
South America. Through the InfoAlliance network, Veritas clients gain access
to a collective database with over 25 million companies in 67 countries.
Today Veritas serves the credit insurance industry, collaborating with
Berne Union and ICIA members. Domestically, Veritas is a recommended vendor
to the Export Import Bank of the United States and serves many Fortune
500 companies, as well as the medium and small size market..
Rated AA by Fitch IBCA, the Coface Group, Veritas’ parent company, is the world leader in export credit insurance and the manager of French government export guarantees. |
Press contact (Veritas): Melinda Ullring
Tel: 1 (203) 503-6700
Fax: 1(203) 781-3833
e-mail: melinda.ullring@veritas-usa.com