About Verisys
Verisys is a company based in Alexandria (United States) founded in 1992.. The company has 49 employees as of April 07, 2024. Verisys has completed 1 acquisition, including Med Advantage. Verisys operates in a competitive market with competitors including Medallion, Axuall, andros, Verifiable and Silversheet, among others.
- Headquarter Alexandria, United States
- Employees 49 as on 07 Apr, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verisys Global Private Limited
- Date of Incorporation 23 Feb, 2022
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$1.61 M (USD)0as on Mar 31, 2023
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Net Profit
$188.09 K (USD)0as on Mar 31, 2023
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EBITDA
$273.48 K (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
Spectrum Equity
& 1 more
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Employee Count
49
as on Apr 07, 2024
- Investments & Acquisitions
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Software Development Team
8 people
Leadership Team
5 people
Data Analysis and Operations Team
5 people
Human Resources and Administration
4 people
Finance and Accounting
3 people
Sales and Marketing
2 people
Operations Team
2 people
Legal and Compliance
2 people
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Funding Insights of Verisys
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Private Equity Round - Verisys | Valuation | Spectrum Equity |
| 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 Verisys
Verisys has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Spectrum Equity and Cressey & Company. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Cressey & Company is engaged in healthcare investment and partnerships.
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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 Verisys
Verisys has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Med Advantage. 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
|
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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Provider of medical credentialing and provider enrollment services among others
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1993 |
| 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 - Verisys
| 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 |
Verisys Comparisons
Competitors of Verisys
Verisys operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medallion, Axuall, andros, Verifiable and Silversheet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based licensing and credentialing are managed for healthcare providers.
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| domain | founded_year | HQ Location |
Digital credentialing services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare information management services are provided by Andros.
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| domain | founded_year | HQ Location |
Cloud based credentials verification and monitoring software for healthcare providers
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| domain | founded_year | HQ Location |
Physician credentialing solutions are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based tools for credentialing, learning, and compliance management are provided.
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| 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 Verisys
Frequently Asked Questions about Verisys
When was Verisys founded?
Verisys was founded in 1992 and raised its 1st funding round 25 years after it was founded.
Where is Verisys located?
Verisys is headquartered in Alexandria, United States.
How many employees does Verisys have?
As of Apr 07, 2024, the latest employee count at Verisys is 49.
What is the annual revenue of Verisys?
Annual revenue of Verisys is $1.61M as on Mar 31, 2023.
What does Verisys do?
Verisys was founded in 1992 in Alexandria, United States, and operates within the healthcare compliance sector. Data and tools are supplied for screening, monitoring, verifying, and credentialing individuals and entities. Services encompass FACIS searches across federal and over 800 state sources, CheckMedic for online credential management, MedPass as a portable profile from credential processes, and PrescriberCheck for real-time provider verification before billing health programs.
Who are the top competitors of Verisys?
Verisys's top competitors include Medallion, andros and Verifiable.
How many acquisitions has Verisys made?
Verisys has made 1 acquisition, including Med Advantage.
Who are Verisys's investors?
Verisys has 2 investors. Key investors include Spectrum Equity, and Cressey & Company.