CLEVELAND, March 13, 2017 /PRNewswire/ -- Asurint, a provider of next-generation background screening solutions, announced today that it has secured a minority investment from North Bridge Growth Equity, a leading growth equity firm focused on high-growth technology companies.
Asurint will leverage the North Bridge Growth Equity capital to accelerate the company's exceptional growth trajectory by adding additional talent to its workforce and further expanding its suite of technology-first background screening solutions.
Founded by a team of technology-driven industry veterans, Asurint utilizes its automated recommendation model and proprietary technology to deliver accurate, timely, compliant and cost-effective enterprise solutions within the $4 billion background screening industry. The company's differentiated approach has rapidly supplanted conventional background screening players by providing an unmatched ability to improve search result quality, turnaround time, workflow efficiency and regulatory compliance, all while lowering the total cost of search. Asurint's innovative solution, combined with its strong dedication to excellent customer service, has enabled the company to garner an impressive list of enterprise customers across a broad range of sectors, including staffing, healthcare, transportation and retail.
"Asurint is first and foremost a technology company. Our differentiation revolutionizes the background screening industry by taking advantage of technological advances, rather than the archaic processes of the past. The North Bridge Growth Equity team understands our competitive differentiation, believes in our business model and sees our growth potential to become the market leader in the background screening industry," said Gregg Gay, Asurint co-founder and CEO.
"The background screening industry is highly fragmented and dependent on legacy technology, making it ripe for disruption. Asurint clearly has the data, technology and service team to redefine the industry, proven by the company's rapid growth, which has propelled it onto the Inc. 5000 list multiple times. Asurint has also been consistently named as one of the top providers on the HRO Baker's Dozen list, which speaks volumes about the company's commitment to serving its customers. We are excited to partner with Asurint for its next chapter of growth," said Roshen Menon who will join the company's board of directors along with Doug Kingsley, both managing directors of North Bridge Growth Equity.
Asurint is a full-service background screening company with 100-percent focus on next-generation technology products and services that are redefining the industry. Its full suite of screening solutions consistently yield faster turnaround times than competitors; improve the accuracy of search results; and provide automated compliance with local, state and federal laws. In the highly competitive race for human capital, Asurint gives clients a competitive advantage in candidate acquisition. The company is headquartered in Cleveland, Ohio. Learn more at www.asurint.com or @VerifyEveryHire on Twitter.
About North Bridge Growth Equity
North Bridge Growth Equity is a leading growth equity firm that partners with successful technology and tech-enabled companies addressing large, dynamic markets including business services, healthcare IT, communications infrastructure and software. North Bridge Growth Equity provides capital and expertise to help companies institutionalize their approach and to prepare for the next phase of growth. North Bridge Growth Equity has over $1 billion of capital under management and has backed industry defining companies such as Dyn (acquired by Oracle), IngeniousMed, OutSystems, Proto Labs (IPO on NYSE), RuffaloCody (acquired by financial sponsor), SmartPak (acquired by Henry Schein) and WPEngine.