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Verified Person Inc. Secures $2 Million Financing From MMV Financial Inc.
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.
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