Veremark extends Australia & New Zealand presence with Employrite acquisition
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The global pre-employment screening service will continue to expand its presence across Europe and APAC as well as acquire more businesses
London, 13th Feb 2024 – Veremark, the global pre-employment screening and verified career credentials organisation that offers more than 40 kinds of credential checks in 150 countries, has seen its client base triple since the close of its Series A.
In addition to furthering its organic growth strategy, Veremark has also acquired Employrite Pty and Employrite Ltd in Australia and New Zealand, strengthening the group’s capabilities across APAC.
As one of APAC’s longest-standing pre-employment screening agencies, Employrite brings with it a blue-chip client base and a wealth of industry experience. The acquisition encompassed both the Australian and New Zealand books of businesses and IP.
Veremark - a web 3.0 company - continues to operate as a globally distributed team with core hubs in the UK, USA, Australia, Singapore, India, and the Philippines servicing clients 24/7.
"We are excited by what the future holds.”
Daniel Callaghan, CEO of Veremark, said: “We are delighted to bring Employrite onboard with transforming how companies ensure the appropriate screening and continued compliance of their employees. Our mission remains to help the world trust faster - something we can bring to reality not only in our key markets of the UK growth sector, but also across the broader ANZ region.”
David and Katrina Birchall founders of Employrite shared, “Employrite and Veremark make a great union. With our market knowledge and presence supported by their state-of-the-art technology and global reach means that we can continue to deliver more for our clients. We are excited by what the future holds.”
The pre-employment screening market is estimated at $16bn annually with strong continued global growth. With more than two million screening checks now completed by the Veremark group, the company has a wealth of data to drive further automation and insights as well as continue to pioneer its innovative blockchain-based credentials offering.
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About Veremark: Veremark is a global background screening service that works with companies to run checks on prospective employees, business partners, LPs and founders. The company operates globally with regional offices across APAC, UK, EU and USA. Since launch in 2019, the company has served hundreds of the world’s top venture backed companies and multinationals to implement better people compliance practices and works directly with Heads of Talent Acquisition to help them improve speed and overall hiring experience. To find out more, please visit www.veremark.com
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FAQs
FAQs
This depends on the industry and type of role you are recruiting for. To determine whether you need reference checks, identity checks, bankruptcy checks, civil background checks, credit checks for employment or any of the other background checks we offer, chat to our team of dedicated account managers.
Many industries have compliance-related employment check requirements. And even if your industry doesn’t, remember that your staff have access to assets and data that must be protected. When you employ a new staff member you need to be certain that they have the best interests of your business at heart. Carrying out comprehensive background checking helps mitigate risk and ensures a safer hiring decision.
Again, this depends on the type of checks you need. Simple identity checks can be carried out in as little as a few hours but a worldwide criminal background check for instance might take several weeks. A simple pre-employment check package takes around a week. Our account managers are specialists and can provide detailed information into which checks you need and how long they will take.
All Veremark checks are carried out online and digitally. This eliminates the need to collect, store and manage paper documents and information making the process faster, more efficient and ensures complete safety of candidate data and documents.
In a competitive marketplace, making the right hiring decisions is key to the success of your company. Employment background checks enables you to understand more about your candidates before making crucial decisions which can have either beneficial or catastrophic effects on your business.
Background checks not only provide useful insights into a candidate’s work history, skills and education, but they can also offer richer detail into someone’s personality and character traits. This gives you a huge advantage when considering who to hire. Background checking also ensures that candidates are legally allowed to carry out certain roles, failed criminal and credit checks could prevent them from working with vulnerable people or in a financial function.
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