Checkr Strengths, Domain Expertise, and Key Differentiators
Checkr possesses several strengths that solidify its position as a leader in the realm of background check technology.Its key differentiators lie in the seamless integration it offers to thousands of clients, streamlining the hiring process for millions annually. Checkr's domain expertise shines through its ability to provide comprehensive insights into the evolving dynamics of the workforce, empowering companies of varying scales to make informed hiring decisions.
Checkr Recent Developments
In 2023, Checkr unveiled significant advancements aimed at enhancing adjudication processes, employment verifications, and the overall candidate experience. These improvements include the expansion of adjudication tools to more organizations, along with updates to Continuous Checks and employment verification processes. Checkr introduces a faster method for verifying candidates' employment history in the US, allowing for near-instantaneous verification when candidates log into their payroll provider within the background check application.
Checkr plans to bring hundreds of jobs to Orlando, Florida, instead of Albuquerque. The company offers a background check platform that uses artificial intelligence to screen job candidates, intends to create 630 jobs in Orlando as part of a $2.7 million investment in the region. The expansion announcement came less than one week after disclosing a $250 million funding round.
Checkr Mergers and acquisitions (M&A) Activities
In 2022, Checkr, a leading HR technology company has acquired GoodHire a leader in background checks for small businesses. Representing Checkr's largest acquisition to date, this move solidifies its position as a frontrunner in the background check industry. This acquisition a strategic step in Checkr's expansion strategy, particularly targeting the burgeoning small-to-medium-sized business segment. GoodHire's innovative self-service background check solution, tailored for small businesses, aligns seamlessly with Checkr's commitment to providing cutting-edge technology and exceptional customer experiences.
In 2022, Checkr has solidified its position with the acquisition of Inflection, a renowned trust and safety solutions provider based in Redwood City, California.Represents Checkr's largest venture in mergers and acquisitions to date. Inflection's flagship brand, GoodHire, renowned for its employment screening services tailored for small businesses, aligns seamlessly with Checkr's expansion strategy, particularly targeting the burgeoning small-to-midsize business segment. Checkr's CEO, Daniel Yanisse, emphasized the shared ethos between the two companies, citing a mutual commitment to customer satisfaction, cultural values, and the advancement of fair labor practices
In 2022, Checkr's the company has recently announced the acquisition of ModoHR, a prominent Canadian-based background check company. ModoHR's expertise lies in delivering scalable and compliant solutions through their flagship ScreeningCanad platform, renowned for its comprehensive features and commitment to data privacy and security. This strategic move by Checkr signifies its intent for international expansion, with a focus on bolstering its capabilities in the North American market.
Checkr Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Checkr applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Checkr and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Checkr customers.
Checkr Overview
Ownership: - x
Number of Employees: 1500
Functional Market: Recruiting,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Checkr Key Cloud and HCM Applications
Checkr
Checkr HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Checkr Revenue Breakdown by Type:
Checkr HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Checkr HCM Applications Revenues By Verticals, $M:
Checkr Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Checkr Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Checkr Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Checkr Customers
No. of Checkr Customers: 15000
No. of Checkr HCM Applications Customers: 15000
No. of Checkr Cloud HCM Customers: 15000
No. of Checkr Cloud HCM Subscribers: x
Checkr serves more than 15000 customers from a variety of indusries. Among the companies that rely on Checkr there are: Shipt, Adecco, HomeCare, elwood Staffing, Netflix, Papa Johns, Hot Topic, Angi, Insta Cart and others.
Checkr Market Opportunities, M&A and Geo Expansions
Checkr's recent $250 million financing round, spearheaded by Durable Capital alongside prominent investors like Fidelity Management & Research Co. and Franklin Templeton, marks a significant milestone for the company. This substantial influx of capital not only doubles its valuation but also presents a plethora of opportunities for Checkr's growth trajectory.
Checkr Risks and Challenges
In the evolving landscape of HR, Checkr faces a myriad of risks, both internal and external, alongside formidable go-to-market challenges. As a pioneering entity in this domain, the company grapples with the inherent uncertainties accompanying its innovative solutions. Internally, factors such as operational inefficiencies and technological glitches could impede seamless service delivery. Externally, the relentless emergence of competitors poses a substantial threat, compelling Checkr to continually refine its strategies to maintain a competitive edge
Checkr Ecosystem, Partners, Resellers and SI
In 2023, the realm of technology integrations and ecosystem partnerships, Checkr, a renowned provider of background checks and screening services,proudly unveils its latest collaboration with Bambee. By merging Bambee's expertise in HR and compliance with Checkr's cutting-edge screening technology, this collaboration delivers a robust HR solution tailored to modern recruiting needs.
WillHire and Checkr announced they are working together to modernize how enterprise organizations find and engage workers. This first-to-market, fully integrated partnership means companies will have access to pre-background checked workers from their private talent pool. WillHire’s direct sourcing and talent pool solution combined with Checkr’s AI and machine learning technology, including Continuous Check, make background checks faster, easier, and more compliant.
Checkr Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Checkr Public Cloud and Infrastructure (IaaS)
- Checkr Platform (PaaS)
- Checkr Application Delivery
- Checkr Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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