BOCA RATON, Fla., Jan. 10, 2018 /PRNewswire/ -- Cogint, Inc.
(NASDAQ: COGT), a leading provider of information and performance
marketing solutions, today announced the launch of a newly-created
division dedicated to the company's expansion into the blockchain
industry. The division, named Red Violet Blockchain and
Analytical Solutions, will provide cloud-based identity
verification and Know Your Customer (KYC) solutions to the emerging
and expansive blockchain industry.
"For the last two decades, our management team has delivered
identity verification and other risk mitigation solutions to
industries including banking and financial services, insurance,
government and law enforcement," said Derek
Dubner, CEO of cogint. "Following the recent
announcement of our strategic alliance with Dragonchain, and as
more businesses adopt blockchain technology, we find ourselves in
the enviable position of not having to choose any certain
blockchain technology over another, but rather having the ability
to provide mission-critical business applications to essentially
any enterprise-oriented blockchain with the need to mitigate
risk."
Red Violet Blockchain and Analytical Solutions will be a
subsidiary of Red Violet, Inc.,
which is currently a wholly-owned subsidiary of Cogint,
Inc. Cogint, Inc. will spin-off Red Violet, Inc. as part of Cogint, Inc.'s
pending business combination with BlueFocus International
Limited.
About cogint™
At cogint, we believe that time is your most valuable asset.
Through powerful analytics, we transform data into intelligence, in
a fast and efficient manner, so that our clients can spend their
time on what matters most – running their organizations with
confidence. Through leading-edge, proprietary technology and a
massive data repository, our data and analytical solutions harness
the power of data fusion, uncovering the relevance of disparate
data points and converting them into comprehensive and insightful
views of people, businesses, assets and their interrelationships.
We empower clients across markets and industries to better execute
all aspects of their business, from managing risk, conducting
investigations, identifying fraud and abuse, and collecting debts,
to identifying and acquiring new customers. At cogint, we are
dedicated to making the world a safer place, to reducing the cost
of doing business, and to enhancing the consumer experience.
RELATED LINKS: http://www.cogint.com
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," as
that term is defined under the Private Securities Litigation Reform
Act of 1995 (PSLRA), which statements may be identified by words
such as "expects," "plans," "projects," "will," "may,"
"anticipate," "believes," "should," "intends," "estimates," and
other words of similar meaning. Such forward looking statements are
subject to risks and uncertainties that are often difficult to
predict, are beyond our control and which may cause results to
differ materially from expectations, including whether we will have
the ability to provide mission-critical business applications to
essentially any enterprise-oriented blockchain with the need to
mitigate risk. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are based on
our expectations as of the date of this press release and speak
only as of the date of this press release and are advised to
consider the factors listed above together with the additional
factors under the heading "Forward-Looking Statements" and "Risk
Factors" in the Company's Annual Report on Form 10-K, as may be
supplemented or amended by the Company's Quarterly Reports on Form
10-Q and other SEC filings. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as required
by law.
Contact
Information:
Media Contact:
Gabriella Velez
North 6th Agency
212.334.9753 ext. 137
cogint@n6a.com
Investor Relations Contact:
Cogint, Inc.
Aaron Solomon, 561-757-4054
SVP Finance and Administration
aaron.solomon@cogint.com
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SOURCE Cogint, Inc.