About Veriforce
Veriforce is a company based in Houston (United States) founded in 2001 was acquired by Apax in August 2024.. The company has 201 employees as of December 31, 2021. Veriforce has completed 4 acquisitions, including CHAS, ComplyWorks and Global Worker Pass. Veriforce offers products and services including Contractor Management, Operator Qualification (OQ), Learning Management, Worksite Management, and Subcontractor Management.
- Headquarter Houston, United States
- Employees 201 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Apax Partners
& 3 more
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Employee Count
201
as on Dec 31, 2021
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Investments & Acquisitions
CHAS
& 3 more
- Acquired by
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Products & Services of Veriforce
Veriforce offers a comprehensive portfolio of products and services, including Contractor Management, Operator Qualification (OQ), Learning Management, Worksite Management, and Subcontractor Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for overseeing contractor safety and documentation.
System to develop and manage qualification programs for workers.
Platform for delivering and tracking safety training courses.
Software to verify and communicate worksite safety protocols.
Tool for tracking and ensuring subcontractor compliance.
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Funding Insights of Veriforce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Veriforce
Veriforce has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Apax Partners, Thoma Bravo and Veriforce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location | |
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Greenridge Growth Partners is focused on investing in B2B software companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Veriforce
Veriforce has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CHAS, ComplyWorks and Global Worker Pass. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online suite solutions for contingent workforce management
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2023 | ||||
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Online platform for managing contractor risks and improving project outcomes
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2008 | ||||
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Provides compliance and risk management solutions
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Veriforce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veriforce Comparisons
Competitors of Veriforce
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Veriforce
Frequently Asked Questions about Veriforce
When was Veriforce founded?
Veriforce was founded in 2001.
Where is Veriforce located?
Veriforce is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Veriforce?
Colby Lane is the current CEO of Veriforce.
How many employees does Veriforce have?
As of Dec 31, 2021, the latest employee count at Veriforce is 201.
What does Veriforce do?
Veriforce was founded in 2001 in Houston, United States, and operates in the supply chain sector. Integrated risk management solutions are delivered through audit, training, consulting, and IT services. Operations focus on enhancing worker safety and business efficiency across global supply chains. The company serves clients in energy and industrial fields from its U.S. base.
What products or services does Veriforce offer?
Veriforce offers Contractor Management, Operator Qualification (OQ), Learning Management, Worksite Management, and Subcontractor Management.
How many acquisitions has Veriforce made?
Veriforce has made 4 acquisitions, including CHAS, ComplyWorks, and Global Worker Pass.
Who are Veriforce's investors?
Veriforce has 4 investors. Key investors include Apax Partners, Thoma Bravo, Veriforce, and Greenridge Growth Partners.