Accurate Background, LLC

Accurate Background, LLC specializes in employment background screening, offering services such as criminal checks and verifications to streamline the hiring process for enterprises globally. Founded in 1997 and headquartered in Irvine, US, Accurate Background, LLC provides comprehensive background screening solutions. The company has undergone strategic pivots over the years, focusing on enhancing its offerings to meet diverse client needs. It was founded by Dave Dickerson, who has a background in establishing successful ventures.

As of February 2020, Accurate Background secured an investment from Apax Partners, which reflected a targeted investment strategy to bolster its market position. The company has successfully completed 2 deals to date, with the most recent occurring in February 2020. Accurate Background primarily specializes in employment background screening services, providing comprehensive solutions to facilitate the hiring process for global enterprises across various industries. The company’s core offerings include criminal background checks, credit checks, driving history verifications, drug and health screenings, and Form I-9 & E-Verify services.

These products are designed to streamline the screening process, ensuring compliance with local data and privacy regulations such as EEOC, FCA, and RSA, while enhancing the overall candidate experience. Accurate Background serves a diverse client base that includes organizations in sectors such as healthcare, financial services, retail, technology, and transportation, enabling them to hire qualified candidates efficiently and effectively. The solutions are tailored to meet the specific needs of clients, integrating seamlessly with existing applicant tracking systems and workflows. Accurate Background has a global presence, operating in multiple geographical markets including North America, Europe, and Asia-Pacific, thus catering to a wide array of customers and end users worldwide.

Accurate Background generates revenue through its suite of background screening services, which are typically delivered via subscription models and partnerships with B2B clients. The company offers scalable solutions that can adapt to the unique requirements of each client, which can include high-volume screening services for organizations needing to onboard over 1,000 employees. Transactions are structured around service agreements that facilitate ongoing screening needs, with clients paying for access to various packages that may include specific services tailored to their industry. While precise pricing plans for the services are not disclosed, the company’s flagship solutions are designed to meet the demands of enterprise-level clients, ensuring compliance and efficiency in the hiring process.

Accurate Background's ability to provide flexible, tailored packages enhances its attractiveness to a diverse clientele, supporting its sustained growth in the competitive background screening market. Accurate Background plans to leverage its recent funding from February 2020 to enhance its product offerings and expand its market reach. The company is designing new products aimed at improving the speed and accuracy of its screening services, targeting a launch by the end of 2023. Additionally, Accurate Background intends to expand into new geographic markets, including Asia-Pacific and Europe, within the next two years.

The capital from Apax Partners will be utilized to support the development of these new offerings and facilitate the expansion strategy.