HireRight Launches Brazil Entity, Strengthening Market Position in Latin America
06 November 2023 - 2:00PM
Business Wire
Entry into Brazilian market expands support for
employers hiring across Latin America
HireRight Holdings Corporation (NYSE: HRT) ("HireRight”), a
leading provider of global background screening services and
workforce solutions, is excited to announce the launch of its
operational entity in Brazil, marking a significant milestone in
its regional expansion strategy. With this move, HireRight aims to
enhance its support for customers hiring in Brazil, as well as
throughout Latin America.
With a population of 214 million people, the largest economy in
Latin America, and a thriving hub of startups in HireRight’s core
vertical of technology, Brazil has tremendous potential for growth
in employment screening. HireRight’s new office is in the financial
district of São Paulo, a decision-making hub for many businesses in
Latin America where 60 percent of Fortune 100 companies have a
local presence.
The expansion into Brazil follows the launch of HireRight’s
Mexico subsidiary in 2021 and the acquisition of Inquiro Vitae in
Argentina earlier this year. These strategic moves allow HireRight
to extend its employment screening services beyond the
multinational corporations already served to local small- and
medium-sized businesses in the region, catering to their specific
needs and requirements.
"We are thrilled to grow our Latin America footprint into Brazil
to better serve our customers operating in this important market,"
said Guy Abramo, President and CEO of HireRight. "We recognize the
value of local expertise when conducting employment screening and
believe that our presence in São Paulo will help differentiate us
from other global screening providers and pave the way for new
business opportunities."
With its new operating entity in Brazil, HireRight aims to
provide faster data to customers screening in Brazil through direct
connections to local sources. It will also offer local fulfilment
of verifications and customer support in Portuguese, to help drive
accurate and efficient screening processes. Additionally, HireRight
can invoice its customers in the local currency – the real (BRL) –
providing a significant advantage to global customers with a
presence in Brazil. With this expansion, HireRight is
well-positioned to further strengthen its market position in Latin
America, deliver exceptional local support, and foster mutually
beneficial partnerships across the region.
About HireRight
HireRight is a leading global provider of technology-driven
workforce risk management and compliance solutions. We provide
comprehensive background screening, verification, identification,
monitoring, and drug and health screening services for
approximately 37,000 customers across the globe. We offer our
services via a unified global software and data platform that
tightly integrates into our customers’ human capital management
systems enabling highly effective and efficient workflows for
workforce hiring, onboarding, and monitoring. In 2022, we screened
over 24 million job applicants, employees and contractors for our
customers and processed over 107 million screens. For more
information, visit www.HireRight.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231106980011/en/
Investors: Investor.Relations@HireRight.com Media: Tom Sayer
Media.Relations@HireRight.com
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