HireRight Acquires Inquiro Vitae, Strengthening Latin American Offering
HireRight Holdings Corporation (NYSE:HRT) ("HireRight"), a leading provider of global background screening services and workforce solutions, today announced it has completed the acquisition of Inquiro Vitae, a background screening provider based in Argentina, allowing more targeted local support for its customers hiring not only in Argentina, but across Latin America.
The acquisition is part of HireRight's continued investment and growth strategy in Latin America following the launch of its Mexico subsidiary in 2021 and will enable the company to extend its background screening services to local small and medium-sized businesses in the region.
"We are thrilled to expand our footprint into Argentina to help better serve our customers operating throughout Latin America," said Guy Abramo, President and CEO of HireRight. "We understand the significance of local expertise when conducting employment background checks and believe that our local presence in Argentina will help set us apart from other global screening providers and open the door for new business in the region."
HireRight customers screening candidates and employees in Argentina should benefit from faster identity checks, local fulfilment of verifications in Argentina through direct connections to local sources, and commercial vendor-to-vendor screening services. Additionally, with its new local operating entity, HireRight will be able to invoice its customers in local currency – the Argentine Peso – a major benefit for global customers with a presence in Argentina.
"Considering the sustained growth of background check services in Latin America, we are happy to become part of HireRight and strengthen their offerings by incorporating clients, proprietary software, criminal and credit checks, ID validation services, and a local presence to stay closer to our customers' needs," said Federico Bove, Regional Senior Director of Business Development at Inquiro Vitae.
Inquiro Vitae was founded in 2019 and was formerly part of the credit bureau Fidelitas. Its services include academic verifications, employment background checks, identity verification, legal searches, and continuous monitoring services.
About HireRight
HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. We provide comprehensive background screening, verification, identification, monitoring, and drug and health screening services for approximately 38,000 customers across the globe. We offer our services via a unified global software and data platform that tightly integrates into our customers' human capital management systems enabling highly effective and efficient workflows for workforce hiring, onboarding, and monitoring. In 2022, we screened over 24 million job applicants, employees and contractors for our customers and processed over 107 million screens. For more information, visit www.HireRight.com.
About Inquiro Vitae
Inquiro Vitae is a provider of technology-driven workforce risk management services in Latin America. We offer proprietary software, automated connections to official data sources, and a local presence to offer comprehensive candidate background check services. Our solutions are tailored to the local Latin America market, and designed to support small-to-medium enterprises or regional offices that need to comply with corporate standards but also require a tailored and easy-to-implement framework, including strategic and day-to-day local account management support. For more information, visit www.inquirovitae.com.
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