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REPEAT -- IDI Now Available on Carahsoft’s GSA Schedule

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IDI, a red violet company (NASDAQ: RDVT), has been awarded a GSA MAS8F contract through its alliance with Carahsoft Technology Corp. As of August 6, 2024, government agencies can procure IDI's idiCORE™ investigative solution and related products through Carahsoft's GSA Schedule contract. IDI offers identity intelligence solutions, including KYC verification, contact information, arrest history, employment and bank account verification, batch processing, and API access.

IDI's comprehensive data assets cover nearly 100% of the U.S. adult population, enabling public sector agencies to manage risk, reduce fraud, and handle identity resolution effectively. This strategic alliance aims to enhance government capabilities in preventing cybercrimes, bolstering authentication controls, and ensuring public safety.

IDI, una compagnia di rosso viola (NASDAQ: RDVT), ha ottenuto un contratto GSA MAS8F attraverso la sua alleanza con Carahsoft Technology Corp. A partire dal 6 agosto 2024, le agenzie governative possono procurarsi la soluzione investigativa idiCORE™ di IDI e i prodotti correlati attraverso il contratto GSA di Carahsoft. IDI offre soluzioni di intelligenza sull'identità, tra cui verifica KYC, informazioni di contatto, storia degli arresti, verifica dell'occupazione e del conto bancario, elaborazione in batch e accesso API.

Le risorse dati complete di IDI coprono quasi il 100% della popolazione adulta statunitense, permettendo alle agenzie del settore pubblico di gestire il rischio, ridurre le frodi e gestire efficacemente la risoluzione dell'identità. Questa alleanza strategica mira a potenziare le capacità governative nella prevenzione dei crimini informatici, nell'innalzamento dei controlli di autenticazione e nel garantire la sicurezza pubblica.

IDI, una empresa de rojo violeta (NASDAQ: RDVT), ha sido otorgada un contrato GSA MAS8F a través de su alianza con Carahsoft Technology Corp. A partir del 6 de agosto de 2024, las agencias gubernamentales podrán adquirir la solución investigativa idiCORE™ de IDI y los productos relacionados a través del contrato de programa GSA de Carahsoft. IDI ofrece soluciones de inteligencia de identidad, que incluyen verificación KYC, información de contacto, historial de arrestos, verificación de empleo y de cuentas bancarias, procesamiento por lotes y acceso a API.

Los activos de datos integrales de IDI cubren casi el 100% de la población adulta de EE. UU., lo que permite a las agencias del sector público gestionar riesgos, reducir fraudes y manejar eficazmente la resolución de identidades. Esta alianza estratégica tiene como objetivo mejorar las capacidades gubernamentales para prevenir delitos cibernéticos, reforzar los controles de autenticación y garantizar la seguridad pública.

IDI, 레드 바이올렛 회사(NASDAQ: RDVT),은 Carahsoft Technology Corp.와의 제휴를 통해 GSA MAS8F 계약을 체결하였습니다. 2024년 8월 6일부터 정부 기관은 Carahsoft의 GSA 스케줄 계약을 통해 IDI의 idiCORE™ 조사 솔루션 및 관련 제품을 조달할 수 있습니다. IDI는 KYC 검증, 연락처 정보, 체포 기록, 고용 및 은행 계좌 검증, 일괄 처리 및 API 접근을 포함한 신원 정보 솔루션을 제공합니다.

IDI의 종합 데이터 자산은 미국 성인 인구의 거의 100%를 포괄하며, 이를 통해 공공 부문 기관들이 리스크를 관리하고 사기를 줄이며 신원 해결을 효과적으로 처리할 수 있게 합니다. 이 전략적 제휴는 사이버 범죄 예방, 인증 통제 강화 및 공공 안전 보장을 위한 정부의 능력을 향상시키기 위한 것입니다.

IDI, une entreprise de rouge violet (NASDAQ: RDVT), a été attribuée un contrat GSA MAS8F par le biais de son alliance avec Carahsoft Technology Corp. À partir du 6 août 2024, les agences gouvernementales pourront acquérir la solution d'investigation idiCORE™ d'IDI et les produits associés via le contrat de programme GSA de Carahsoft. IDI propose des solutions d'intelligence d'identité, y compris la vérification KYC, les informations de contact, l'historique des arrestations, la vérification de l'emploi et des comptes bancaires, le traitement par lots et l'accès API.

Les actifs de données complets d'IDI couvrent presque 100 % de la population adulte américaine, permettant ainsi aux agences du secteur public de gérer les risques, de réduire la fraude et de gérer efficacement la résolution d'identité. Cette alliance stratégique vise à améliorer les capacités gouvernementales à prévenir les cybercriminalités, à renforcer les contrôles d'authentification et à garantir la sécurité publique.

IDI, ein Rot-Violett-Unternehmen (NASDAQ: RDVT), hat einen GSA MAS8F Vertrag durch seine Allianz mit Carahsoft Technology Corp erhalten. Ab dem 6. August 2024 können Regierungsbehörden die Untersuchungslösung idiCORE™ von IDI und verwandte Produkte über den GSA-Vertrag von Carahsoft beschaffen. IDI bietet Identitätsintelligenzlösungen, einschließlich KYC-Überprüfung, Kontaktinformationen, Strafregister, Beschäftigungs- und Bankkontoüberprüfungen, Batch-Verarbeitung und API-Zugriff.

IDIs umfassende Datenbestände decken nahezu 100 % der erwachsenen Bevölkerung der USA ab, was es öffentlichen Einrichtungen ermöglicht, Risiken zu managen, Betrug zu reduzieren und Identitätsauflösungen effektiv zu handhaben. Diese strategische Allianz zielt darauf ab, die Fähigkeiten der Regierung zur Verhinderung von Cyberkriminalität, zur Stärkung der Authentifizierungskontrollen und zur Gewährleistung der öffentlichen Sicherheit zu verbessern.

Positive
  • IDI awarded GSA MAS8F contract through alliance with Carahsoft Technology Corp
  • Government agencies can now procure IDI's idiCORE™ solution through Carahsoft's GSA Schedule contract
  • IDI's data assets cover nearly 100% of the U.S. adult population
  • Expanded access to public sector market through Carahsoft's various contract vehicles
Negative
  • None.

IDI's inclusion on Carahsoft's GSA Schedule marks a significant milestone for the company's public sector strategy. This partnership streamlines the procurement process for government agencies, potentially accelerating IDI's revenue growth in this sector. The GSA Schedule status adds credibility and may lead to increased adoption of IDI's solutions across various government agencies.

However, it's important to note that while this opens doors, it doesn't guarantee immediate financial impact. The actual revenue boost will depend on IDI's ability to leverage this opportunity and compete effectively against other vendors on the schedule. Investors should monitor future announcements for concrete contract wins resulting from this partnership.

IDI's comprehensive identity intelligence solutions address critical needs in government cybersecurity. With the increasing sophistication of cyber threats, IDI's offerings could play a vital role in enhancing public sector security posture. The inclusion of KYC, identity verification and fraud prevention tools is particularly noteworthy, as these are high-priority areas for government agencies.

The integration of AI/ML technologies in IDI's CORE™ platform suggests advanced analytical capabilities, which could be a key differentiator in the competitive government contracts landscape. However, the effectiveness of these tools in real-world government applications remains to be seen and investors should watch for case studies or performance metrics in future reports.

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI’s next-generation investigative solution, idiCORE, and associated IDI products and services with ease and confidence through Carahsoft’s GSA Schedule contract. This strategic alliance is a significant step in IDI’s commitment to deliver innovative solutions and drive operational success and security for the public sector and the nation at large.

The services offered by IDI on Carahsoft’s GSA Schedule contract include the idiCORE online identity intelligence solution suite, Know Your Customer (KYC) and identity verification solutions, contact information including social media detail, arrest history, employment verification, bank account verification, batch processing, API access, and professional services, all of which are powered by the integration of IDI’s leading identity graph with its cloud-native, AI/ML-powered CORE technology platform.

"With today’s threats, the public sector increasingly demands mission-critical information and analytical capabilities to prevent cybercrimes and fraud, bolster authentication controls, and ensure public safety. With IDI’s differentiated assets, we are uniquely positioned to meet these needs, and we are thrilled that our partners and the public sector at large are recognizing and adopting our future-focused investments in government,” commented Jonathan McDonald, Executive Vice President of IDI’s Public Sector Group. “Through the Carahsoft GSA Schedule contract, IDI offers highly effective and cost-efficient solutions to enable public sector agencies to manage risk, reduce fraud, and handle all aspects of identity resolution. Our comprehensive data assets, covering nearly 100% of the U.S. adult population, and identity verification solutions empower organizations to operate with confidence, ensuring seamless and effective investigations.”

“The addition of IDI’s established identity intelligence solutions to our GSA Schedule represents a significant step forward in enhancing government and public sector capabilities,” said Craig P. Abod, Carahsoft President. “Working with IDI and our reseller partners allows us to provide unparalleled access to solutions that are crucial to the evolving needs of the public sector. We look forward to helping agencies enhance security, streamline operations, and effectively manage their identity verification processes.”

IDI’s solutions are available through Carahsoft’s reseller partners and Carahsoft’s GSA Schedule No. 47QSWA18D008F, SEWP V contracts NNG15SC03B and NNG15SC27B, ITES-SW2 Contract W52P1J-20-D-0042, NASPO ValuePoint Master Agreement #AR2472 and OMNIA Partners Contract #R191902. For more information, contact the IDI team at Carahsoft at (888) 662-2724 or sales@carahsoft.com.

About IDI

At IDI, we deliver innovative identity intelligence solutions. Our proprietary technologies and advanced analytical capabilities empower organizations to operate with confidence, providing real-time identification and location of individuals, businesses, assets, and their interrelationships. With a focus on identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition, our intelligent platform, CORE™, caters to organizations of all sizes, transforming data into intelligence for frictionless commerce, safety, and reduced fraud.

For more information, please visit www.ididata.com.

About red violet®

At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society.

For more information, please visit www.redviolet.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether IDI, with its differentiated assets, is uniquely positioned to meet the public sector’s demands for mission-critical information and analytical capabilities to prevent cybercrimes and fraud, bolster authentication controls, and ensure public safety and whether IDI will empower organizations to operate with confidence, ensuring seamless and effective investigations. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com


FAQ

What is the significance of IDI being available on Carahsoft's GSA Schedule?

IDI's availability on Carahsoft's GSA Schedule allows government agencies to easily procure IDI's identity intelligence solutions, including idiCORE™, through a trusted government IT solutions provider. This expands IDI's reach in the public sector market and simplifies the procurement process for agencies seeking identity verification and risk mitigation tools.

What products and services does IDI (RDVT) offer through the GSA Schedule contract?

IDI offers the idiCORE online identity intelligence solution suite, Know Your Customer (KYC) and identity verification solutions, contact information including social media details, arrest history, employment verification, bank account verification, batch processing, API access, and professional services through the GSA Schedule contract.

When did IDI (RDVT) become available on Carahsoft's GSA Schedule?

IDI's products and services became available on Carahsoft's GSA Schedule as of August 6, 2024.

How extensive is IDI's (RDVT) data coverage for identity intelligence?

IDI's comprehensive data assets cover nearly 100% of the U.S. adult population, providing extensive coverage for identity intelligence and verification solutions.

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