ChoicePoint, a major insurance industry consumer data supplier,announced the acquisition of ELIOS Inc., a loss payee notificationcompany for the insurance industry.

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Terms of the deal were not released.

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The Alpharetta, Ga.-based company said ELIOS, based in SanRamon, Calif., notifies vehicle finance companies and mortgageholders of policy coverage and lapses in coverage for its insuranceclients.

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ChoicePoint said it has developed a number of unique andvaluable policy monitoring and reporting services, includingPolicyWatch and ALIRtS.

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ChoicePoint said the transaction is not expected to have amaterial impact on its financial results and it does not expect theacquisition to be dilutive to earnings.

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ChoicePoint recently was ordered by the Federal Trade Commissionto pay $15 million in civil penalties and consumer redress tosettle charges over its security and record-handlingprocedures.

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The company last year acknowledged that personal financialrecords of more than 163,000 consumers in its database had beencompromised.

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