Background screening people-data leader welcomes data industry veterans Marco Piovesan and Greg Jones to its executive team.
ATLANTA, Oct. 26, 2022 /PRNewswire-PRWeb/ -- InformData, LLC, the leading wholesale data provider to the background screening industry, uses broad market recognition of the superior qualities of Direct-Source Data™ to pivot to address broader market opportunities both nationally and globally. The company completes its executive team with the addition of data-industry veterans Marco Piovesan as Chief Revenue Officer and Greg Jones as Chief Product Officer.
Over the past two years, InformData expanded access to Direct-Source Data for Consumer Reporting Agencies (CRAs). Direct-Source Data improves accuracy, reduces turnaround time and normalizes costs by replacing a patchwork network of off-line, third-party data sources with API-enabled, cloud-based, direct connections.
These efforts led to dramatic improvements in court data access and turnaround time nationwide, including in traditionally challenging markets such as the Commonwealth of Massachusetts, the state of New Jersey, Cook County, Illinois and Maricopa County, Arizona. As a result, InformData enabled CRAs to increase competitiveness and accuracy with more rapid results used to assist businesses making real-time hiring decisions and organizational performance improvements.
With broad market acceptance of its proven technology deployed, InformData turns its sights to new market opportunities for Direct-Source Data and will increase access to its CRA-friendly business model for pre-employment background checks helping CRAs contain costs in inflation-ravaged markets.
"Direct-Source Data continues to demonstrate superior outcomes resulting when CRAs and the businesses they serve are closer to people-information. Based on these successes in pre-employment markets, InformData will expand to offer the benefits of Direct-Source Data to adjacent markets such as security and risk management, government, FinTech and other related markets. Demand in these industries for Direct-Source Data to enable real-time business decisions is exciting," said Scott Vanek, Chief Executive Officer of InformData. "As part of our plans to address these new markets and expand our footprint with our market-leading capabilities, I am announcing the creation of the new roles of Chief Revenue Officer and Chief Product Officer. Following an extensive search for talent that shares our philosophy of thinking differently about the business of people-data, I am pleased to reveal that data industry luminaries Marco Piovesan and Greg Jones have accepted the roles of CRO and CPO, respectively. Each has a strong track record as people-data visionaries who know how to develop compelling new products and drive growth both in the background screening industry and in new markets we will compete in."
Recent public filings by Sterling, FADV and HireRight estimate multi-billion-dollar total addressable market growth in employment background checks, continuous risk monitoring and identity solutions. Both Piovesan and Jones have recently led efforts that focused on people-data aggregation and software-as-a-service business models which may accelerate the deployment of Direct-Source Data in these markets and others.
"I'm excited to join the InformData team and contribute to both its business success and mission to transform access to people-information using Direct-Source Data solutions and our CRA-friendly business model in traditional and new markets and to deliver results and value to our customers.," remarked Marco Piovesan, Chief Revenue Officer at InformData.
Traditionally, the background screening industry has relied on a highly fragmented supply chain to cobble together a network of local and regional vendors to fulfill orders. InformData has invested in both the technology and the people to deliver direct-source people data nationwide.
According to Greg Jones, Chief Product Officer, "Expanding demand for people-information to support the pre-employment screening, security and risk management and FinTech markets has outgrown the ability for a traditional patchwork of data providers and older proprietary point solutions to offer consistently fast, reliable, comprehensive and cost-effective information. InformData's cloud-based architecture provides a powerful, secure, extensible platform to deploy products based on Direct-Source Data to meet global new market demands."
InformData is transforming how Consumer Reporting Agencies (CRAs) help businesses make decisions about their most valuable assets, people, by making Direct-Source Data equitably accessible to all. As the leading wholesale provider of people-data, the company leads the background screening industry in innovation, with an API-first technology model, a supply chain methodology that puts CRAs closer to the data and metrics they need, and a simplified CRA-friendly business model. InformData's targeted people-data provide the most comprehensive background screening insights available. The company's 1,200 employees around the globe are dedicated to making the world a better-informed place. Be informed. Please visit http://www.informdata.com
Nick Fishman, InformData, 1 8477078775, [email protected]