HireRight Strengths, Domain Expertise, and Key Differentiators
HireRight helps employers hire the right candidates by delivering global employment background checks, drug testing, education verification, E-Verify solutions, and other workforce solutions. Employers can tailor HireRight’s extensive screening solutions to their unique needs, giving them peace of mind about their hiring and vetting processes. HireRight’s platform integrates with existing HR platforms and applicant tracking systems, giving organizations and candidates the best possible experience.
HireRight Recent Developments
In May 2021, HireRight has launched a range of Electronic Medical Questionnaire templates embedded within its Applicant Center to offer a streamlined customer and candidate experience. These questionnaire options embedded within HireRight’s Applicant Center for U.S. customers focus on four areas: vaccination history, including COVID-19 vaccination, tuberculosis exposure, and respirator guidelines as defined by the Occupational Safety and Health Administration (OSHA). The Vaccination History Questionnaire allows employers to receive candidate or employee vaccination records quickly and conveniently. Information is collected for the following types of vaccines: MMR, Varicella, Tdap, Flu, Hepatitis A and Hepatitis B. Designated fields record vaccination date; participants can upload capabilities for proof of vaccination.
In December 2020, HireRight has expanded its COVID-19 Screening Solution in the U.S. through its Drug & Health Screening services. HireRight now offers COVID-19 viral marker (molecular via RT-PCR) assurance testing, as well as new referral options through Preworkscreen and CIC Health. These additional capabilities build on our previously announced ad hoc COVID-19 solution for symptomatic or exposed individuals to help employers screen large workforce populations to help prevent the spread of contagion.
HireRight Mergers and Acquisitions (M&A) Activities
In July 2018, HireRight and General Information Services (GIS) merged under common ownership, creating the industry's preeminent background screening company with offices in Latin America, Europe, Asia, Middle East, and North America. Over time, the combined company will operate under the HireRight brand.
HireRight Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HireRight 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 HireRight 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 HireRight Screening Manager, HireRight Applicant Center, HireRight Connect, backgroundchecks.com customers.
Ownership: - NYSE: HRT
Number of Employees: 2760
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K563, 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,
HireRight Key Enterprise and Cloud Applications
HireRight Screening Manager, HireRight Applicant Center, HireRight Connect, backgroundchecks.com
HireRight Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** 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.
HireRight Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
HireRight Enterprise Applications Revenues By Functional Markets, $M:
HireRight Enterprise Applications Revenues By Verticals, $M:
HireRight Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
HireRight Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
HireRight Customers - Breakdown by Geo, Size, Vertical and Product
No. of HireRight Customers: 40000
No. of HireRight Enterprise Applications Customers: 40000
No. of HireRight Cloud Customers: x
No. of HireRight Cloud Subscribers: x
HireRight works with more than 50,000 customers, including 70% of the Fortune 100 companies. Among HireRight customers are a wide range of companies based in the United States, Canada, United Kingdom, Europe, Asia Pacific, Africa, Latin America, and the Middle East. HireRight offers convenient packages to cover the basic background screening needs for companies transportation, financial services, healthcare, non-profit, education, small business, and retail industry.
HireRight Market Opportunities, M&A and Geo Expansions
In October 2021, HireRight goes public on the New York Stock Exchange (NYSE) under the symbol “HRT" looking to raise $500m (€431.4m, £363.6m). HireRight Holdings’ revenue totalled $326.5m for the six months ended 30 June 2021, up from $259.4m in the first half of last year. Its revenue totalled $540.2m in 2020, down from $647.6m in 2019.
HireRight Risks and Challenges
HireRight relies heavily on services
HireRight Ecosystem, Partners, Resellers and SI
HireRight services reach more than 200 countries and territories around the globe. HireRight has an extended chain of Integration Partners and Solutions Partners including iCIMS, SAP Fieldglass, Fountain, ServiceNow, Workday, Jobvite, Avatar Management, Avature, Ceridian, Click Boarding, Cornerstone OnDemand, E&I Cooperative Services, Incentives Advisors, Paychex, and many more.
HireRight has U.S. offices in Irvine, Calif., Tulsa, Okla., Nashville, Tenn., Chapin, S.C., and Dallas, Texas, and international offices in Australia, Canada, Estonia, Hong Kong, India, Japan, Mexico, the Philippines, Poland, Singapore, the UAE, and the UK.
HireRight Cloud Infrastructure Insights
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- HireRight Public Cloud and Infrastructure (IaaS)
- HireRight Platform (PaaS)
- HireRight Application Delivery
- HireRight Private Cloud and Data Centers
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).
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