One Source Technology LLC

One Source Technology LLC provides comprehensive employment background screening solutions, helping businesses streamline their hiring processes efficiently and effectively while ensuring compliance with employment regulations. Founded in 2005 and headquartered in Cleveland, US, One Source Technology LLC, doing business as Asurint, specializes in employment background screening services. The company has undergone strategic developments to enhance its offerings but no specific pivots have been recorded. Asurint was established independently and is not reported to have any subsidiaries.

The firm has raised funds through a total of 2 deals, with the latest funding round occurring on August 8, 2020. Asurint specializes in employment background screening solutions that streamline the hiring process for organizations across various industries. Their core offerings include criminal background checks, civil background checks, drug testing services, motor vehicle driving records, financial background checks, and tenant screening. These services enhance hiring efficiency, facilitate compliance with federal and state regulations, and minimize legal risks associated with employment decisions.

Asurint’s Direct Court Access connects clients to a comprehensive network covering over 85% of the U. S. population, enabling same-day results for four out of five background screens with an accuracy rate of 99. 99%.

Their primary customer base consists of businesses in sectors such as healthcare, nonprofit, retail, staffing, transportation, and others, focusing on serving small to large enterprises in the United States. Asurint's revenue generation model is based on B2B transactions through a subscription-based service structure. Organizations utilize Asurint's services via various integrated platforms that facilitate seamless background checks and compliance monitoring. The company provides clients with customizable reporting options and a user-friendly interface, ensuring effective management of the screening process.

Revenue is accrued through these subscription agreements, enabling ongoing access to their suite of services. Clients benefit from the efficiency and accuracy of Asurint's offerings, which enhance their hiring processes while maintaining compliance with relevant laws and regulations. Specific pricing structures for individual services are tailored to client needs, designed to provide value through expedited results and comprehensive coverage. Asurint is focusing on developing new background screening products aimed at improving user experience and efficiency.

Plans for expansion into additional markets include targeting the West Coast and Southern regions of the US by the end of 2023. The most recent funding round on August 8, 2020, will be utilized to support these initiatives, helping to bolster product development and geographical outreach.