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HireRight Holdings Corporation (NYSE: HRT) has completed the acquisition of Inquiro Vitae, an Argentina-based background screening provider. This strategic move is part of HireRight's growth plan in Latin America, following its Mexico subsidiary launch in 2021. The acquisition will enhance local support for customers hiring in Argentina and across the region, allowing faster identity checks and local invoicing in Argentine Pesos. Guy Abramo, CEO of HireRight, emphasized the importance of local expertise in employment checks. Inquiro Vitae, founded in 2019, specializes in technology-driven background screening services.
Positive
Acquisition of Inquiro Vitae enhances local expertise in Argentina.
Allows faster identity checks and local invoicing in Argentine Pesos.
Supports growth strategy in Latin America following the Mexico subsidiary launch.
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None.
BUENOS AIRES, Argentina--(BUSINESS WIRE)--
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.
What is the purpose of HireRight's acquisition of Inquiro Vitae?
The acquisition aims to enhance local support in Argentina for background screening services, enabling quicker identity checks and invoicing in local currency.
When did HireRight acquire Inquiro Vitae?
HireRight announced the completion of the acquisition on April 3, 2023.
What benefits will customers experience from this acquisition?
Customers will benefit from faster identity checks, local fulfillment of verifications, and invoicing in Argentine Pesos.
How does the acquisition affect HireRight's growth in Latin America?
The acquisition is part of HireRight's strategy to expand its footprint in Latin America, providing targeted support for local small and medium-sized businesses.
What services does Inquiro Vitae offer?
Inquiro Vitae provides academic verifications, employment checks, identity verification, legal searches, and continuous monitoring services.
