cogint Announces Early Spin-off of Red Violet
“cogint experienced yet another breakthrough year in 2017 and an even
stronger start to 2018,” said
Post spin-off, the Company expects cogint, which will include its digital marketing company, Fluent, to be profitable from day one. Fluent will continue to provide industry-leading, people-based digital marketing and customer acquisition to leading consumer brands and direct marketers, leveraging its mobile-first platform and performance-based model.
Red Violet, a software and services company specializing in big data analysis, will provide cloud-based, mission-critical information solutions to enterprises in a variety of industries, not only in the $8+ billion North American risk analytics market, but in other emerging and expansive technology-driven markets that require identity verification and other risk mitigation solutions, including mobile identity authentication and enterprise-oriented blockchain.
At cogint, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most – running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers. At cogint, we are dedicated to making the world a safer place, to reducing the cost of doing business, and to enhancing the consumer experience.
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 we will
announce a spin-off record date in the next 30 days; whether the
spin-off dividend will be between one share of Red Violet common stock
to every four to five shares of
Source: cogint, Inc.
Aaron Solomon, 561-757-4054
SVP Finance and Administration