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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 (NYSE: HRT) is set to release its first quarter 2023 earnings results after market close on
HireRight Holdings Corporation (NYSE: HRT) has appointed Venkat Bhamidipati to its Board of Directors and the Audit Committee, effective immediately. Bhamidipati previously served as executive vice president and CFO at McAfee and has extensive experience in finance and operations at major companies including Providence and Microsoft. His leadership is expected to bolster HireRight's growth and enhance its market value. HireRight provides tech-driven workforce risk management solutions, having screened over 24 million applicants in 2022, supporting a customer base of approximately 38,000 globally.
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.
HireRight Holdings Corporation (NYSE: HRT) reported a notable financial turnaround for the year ended December 31, 2022, with revenues increasing by $76.6 million to $806.7 million. The company achieved a full-year net income of $144.6 million, a significant rebound from a net loss of $21.3 million.
Fourth-quarter results showed revenues of $175.4 million, down from $198.5 million the previous year. However, net income rose to $15.3 million from a loss of $13.0 million. Adjusted EBITDA was $188.3 million, up 18% year-over-year. Despite economic uncertainties, the company highlighted improvements in productivity and operational automation.
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