Veris Group, LLC

Veris Group, LLC is a monitoring and tracking solutions provider focused on applications that enable parents and guardians to oversee children’s online activities and allow employers to monitor employees. Founded in 2005 and headquartered in Vienna, US, Veris Group, LLC specializes in the development of monitoring applications. The firm was acquired by Coalfire Systems in December 2016, although financial terms of the deal were not disclosed. Douglas G.

is the founder of the company, which has engaged in only one significant deal to date, marking its strategic focus on specialized applications. Veris Group specializes in the development and provision of monitoring and tracking applications designed for parents and guardians to oversee the online activities of their children, as well as for employers to monitor employees. Their core products include SpyMonster, uMobix, Hoverwatch, Spyic, Scannero, Haqerra, and Moniterro. These applications provide various services such as tracking social media interactions, monitoring messaging apps, and offering location tracking capabilities.

The products have been designed with a focus on child safety and digital oversight, appealing to a broad customer base in North America and Europe. Veris Group's revenue model is based on subscription offerings, allowing clients to access their suite of monitoring applications through various tiered pricing plans. Clients can choose from monthly or annual subscriptions tailored to different needs, with flagship products like SpyMonster and uMobix providing options that include text message tracking, social media surveillance, and location services. This subscription-based approach enhances revenue predictability and fosters customer retention through recurring transactions.

As of December 2016, following its acquisition by Coalfire Systems, Veris Group has aimed to leverage its positioning to expand its product offerings and geographic reach. While specific new products and their launch dates are not detailed, there is an indication that growth initiatives will be centered on enhancing existing applications and possibly developing new solutions. The company plans to further penetrate markets in Europe and North America through targeted marketing strategies and customer engagement efforts.