Blue Umbrella Screening, a Cisive Company

Blue Umbrella Screening specializes in compliance management solutions, providing advanced risk intelligence to large enterprises managing complex third-party relationships, ensuring regulatory compliance and safeguarding reputations. Founded in 2009 and headquartered in Hong Kong, Blue Umbrella Screening operates as a subsidiary of Cisive following the acquisition of its pre-employment screening division in November 2018. The company's founders are Rakesh Baweja and Sumendra Singh, and the current CEO is David Aitken. The firm has engaged in a single deal since its inception, with the most recent deal date on November 28, 2018.

Blue Umbrella offers a robust suite of compliance management solutions designed primarily for large enterprises that manage extensive networks of third-party relationships. Central to their offerings is the Status platform, which integrates all relevant information and workflows necessary for running a comprehensive global compliance program. By leveraging advanced technology and high-quality research, Blue Umbrella facilitates tailored third-party risk intelligence reports that empower organizations to safeguard against regulatory and reputational risks. Their innovative risk management tools are specifically aimed at companies operating across various industries and geographical markets, including North America, Europe, and Asia-Pacific, where they serve a diverse clientele comprising some of the world’s most recognized brands.

These products collectively enhance visibility into business risks associated with third-party engagements, ensuring that companies can maintain ethical behavior throughout their supply chains. Blue Umbrella generates revenue through a structured B2B model, focusing on subscriptions for its compliance management solutions. Clients engage with the company primarily on a subscription basis, which provides them access to the Status platform and tailored risk intelligence reports. The pricing structure is designed to accommodate the complexities of large enterprises, likely involving tiered subscriptions based on the scale of services utilized and the number of business relationships managed.

Additionally, the firm may establish partnerships that enhance its service offerings, further solidifying its position in the compliance management sector. Specific revenue figures and detailed pricing plans are not publicly disclosed, reflecting a focus on customized services that align with the unique needs of each client. Looking ahead, Blue Umbrella Screening plans to enhance its product offerings with the launch of new features and services designed to support its clients in navigating evolving compliance challenges. The company is targeting expansion into additional markets across Europe and Asia-Pacific by 2025.

The recent acquisition by Cisive in November 2018 is expected to provide strategic resources and support for these growth initiatives, further solidifying Blue Umbrella's position in the global compliance landscape.