Memphis, Tennessee – September 13, 2007 – Verified Person Inc. (“Verified Person”), a leading provider of background screening services announces the completion of a US$2MM venture loan from Toronto-based MMV Financial Inc. Verified Person is a leader in the pre- and post-employment screening industry with the most comprehensive criminal data base in the industry. This combined with advanced search technology delivers faster, more accurate screening results at significantly lower prices.
"This financing enables Verified Person to aggressively continue its growth strategy, allowing us to invest in sales, marketing and client management as well as accelerating the development of key technology initiatives.” said Jim Davis, Chief Executive Officer of Verified Person. “Our clients understand the value of timely, accurate information that is easily accessible and are increasingly turning to Verified Person as their lead provider of background security checks.”
“We are very excited to fund our first investment in the State of Tennessee. Verified Person has an impressive leadership team that is focused on executing on its growth strategy.” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “We feel the Company is positioned to capitalize on recent client successes, continuing with its impressive growth.”
Verified Person Inc. is a privately held company with operations in Memphis and New York with investment from Rho Capital Partners and Sevin Rosen Funds.
About Verified Person Inc.
Verified Person provides the industry’s most advanced criminal background screening and identity verification services, applying leading-edge technology to traditional search methodologies in order to deliver faster, more accurate results via a simple-to-use Web site. The company’s solutions help healthcare, staffing, financial services, retail and other industry organizations to comply with regulation and to mitigate corporate threats such as workplace violence, internal theft and fraud, and poor employee selection. Verified Person was founded by John Sculley, former CEO of Apple Computer, and Tal Moise. The company is headquartered in New York. For more information visit: http://www.verifiedperson.com/
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, NewStar Financial Inc, and Wells Fargo Company. For more information visit: www.mmvf.com
Senior Vice President
MMV Financial Inc.
Camille H. Gamble
Vice President of Marketing
Verified Person Inc.