Digital Recognition Network (DRN) Expands with Key Executive Additions

FORT WORTH, Texas, Sept. 23, 2014 /PRNewswire/ -- After a year of unprecedented growth, Digital Recognition Network (DRN) (www.DRNData.com) has expanded its executive ranks to meet new market opportunities. DRN announces a 50% growth in staff over last year and reports that new additions of key personnel are paying off in meeting the company's performance objectives.

"I am very pleased to announce 3 key executive additions that are critical to DRN's expansion plans," said Chris Metaxas DRN's Chief Executive Officer.

The Founder of DRN, Todd Hodnett returns to the company as Executive Chairman.  In this role, Hodnett will focus on the overall strategy of the company with particular focus on continuing DRN's success in ensuring positive results around DRN's Legislative and Government affair initiatives. Additionally, to meet DRN's needs for new innovations, Hodnett is spearheading the company's efforts incubating new technologies and ecosystems on an international basis.  Hodnett will also continue his role as the Chairman of DRN's Board of Directors.

Alex Young joins DRN with a formidable background in the Insurance industry working for many of the leading risk and underwriting platform providers.  In his role as Vice President of Risk Solutions, Young is building a new business unit for DRN focused on the insurance industry.  DRN's ability to provide actionable insights for the insurance industry represents a significant addressable market. The insurance strategy provides for creating new, License Plate Recognition (LPR) based, analytics solutions as well as building out new channels of distribution.  Young is currently building out the team and the partnerships to fast track DRN"s success in the insurance industry.  

Worldwide markets represent another area of growth for DRN.  In a joint partnership with Vigilant Solutions, Stuart Mallory, VP of International Markets, heads up the efforts in building out a worldwide marketplace for DRN's solutions.  This includes creating new channels of distribution in high propensity markets such as the Europe, Middle East, Asia Pacific and Latin America with a focus on both commercial, governmental and security applications.  Mallory will actively develop partnerships with "in country" providers to replicate DRN and Vigilant Solutions success in new worldwide markets.

"DRN's growth comes on the heels of an exciting year for us. We have seen the shift of providing LPR-based data and analytics take hold with our customers in a big way," said Metaxas.  This includes the release and adoption of SmartRecovery, DRN's subscription based LPR solution and the release and customer adoption of DRN's Smart Collections Platform.  Smart Collections provides actionable insights for organizations to quickly and easily pinpoint their consumer using data derived from DRN's extensive database of LPR data.

Metaxas adds,  "I am very excited to see the traction we have with major clients taking advantage of our solutions and partnering with DRN to look at new strategies for mitigating risk and realizing improved returns to their operations"

About DRN
DRN is a leading provider of data and analytics to the Financial Services, Insurance and Asset Recovery industries. Our solutions enable our clients to more effectively optimize their portfolios, reduce losses, detect fraud, and manage risk.  An industry pioneer in vehicle location data and license plate recognition technology and services, DRN covers every major metropolitan area in the United States and maintains the largest vehicle location database under strict standards of privacy, compliance, and data integrity. To find out more, contact [email protected], visit us online at www.drndata.com, or call us at (817) 877-0077.

Contact:
Heather Ford
[email protected]
817-710-7808

SOURCE Digital Recognition Network