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HireRight Holdings Corporation (symbol: HRT) is a global leader in technology-driven workforce risk management and compliance solutions. Headquartered in Irvine, California, HireRight provides a wide range of background screening, verification, identification, monitoring, and drug and health screening services. The company's innovative platform is designed to integrate seamlessly with existing human capital management (HCM) systems, enabling efficient and effective workflows for workforce hiring, onboarding, and monitoring.
HireRight offers a comprehensive screening solution tailored to the unique needs of organizations of all sizes and industries. By delivering global background checks, drug testing, and employment verification services, HireRight helps companies hire the right candidates, ensuring successful and efficient growth. The platform's user-friendly interface provides an optimal experience for both employers and candidates, fostering a smooth and streamlined hiring process.
The company operates on a unified global software and data platform, ensuring consistency and reliability in its services across different regions. While a significant portion of its revenue is generated in the United States, HireRight maintains a strong international presence with offices located around the world.
In recent times, HireRight has continued to expand its service offerings and strengthen its market position through strategic partnerships and technological advancements. The company's commitment to innovation and excellence has made it a trusted partner for businesses looking to manage workforce risks and maintain compliance effectively.
For more information, visit HireRight's official website.
HireRight Holdings , a global leader in background screening services, announced the completion of its acquisition by investment funds affiliated with General Atlantic and Stone Point Capital. The all-cash merger transaction values HireRight at approximately $1.7 billion, with shareholders receiving $14.35 per share. The transaction was approved during a Special Meeting of Stockholders on June 21, 2024. As a result, HireRight’s common stock has ceased trading on the New York Stock Exchange.
HireRight Holdings (NYSE: HRT) reported its first quarter 2024 financial results, with revenues at $173.2 million and a net loss of $3.3 million. The company also highlighted an adjusted EBITDA of $40.3 million and diluted loss per share of $0.05. HireRight President and CEO Guy Abramo expressed satisfaction with the performance, focusing on margin expansion and customer satisfaction.
Despite the net loss, HireRight remains optimistic about its long-term growth prospects, emphasizing its unique compliance solution and ability to attract new global customers. The company maintains a strong liquidity position with $236.0 million in capital available as of March 31, 2024.
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