Combination of Kroll and CVM Solutions provides unique supplier risk, compliance solutions for global enterprises
FALLS CHURCH, Va., July 27, 2011 – Altegrity, Inc., the parent company of leading data and information services, employment screening and investigative services providers, announced today the close of the acquisition of CVM Solutions, a leading provider of supplier management technology and data solutions. CVM Solutions will become part of Kroll, an Altegrity subsidiary. Terms of the transaction were not announced.
CVM Solutions will be combined with Kroll Risk & Compliance. Pairing CVM Solutions’ supply chain management capabilities with Kroll Risk & Compliance’s robust vendor screening services creates a business that is the first to offer a complete governance, risk and compliance platform integrated into a supply chain management software solution. The combined capability allows clients to simultaneously drive supply-side efficiency while reducing fraud and ensuring compliance with the Foreign Corrupt Practices Act (FCPA) and UK Bribery Act.
CVM Solutions is the premier provider of supplier management solutions that enable clients to achieve operational excellence, drive cost savings and mitigate supplier risk. CVM Solutions’ innovative technology and the industry’s leading supplier database provide truly unique capabilities for supplier management. With vast supplier intelligence, deep experience and customer-focused results, CVM Solutions has helped more than half of the Fortune 100 to realize tangible benefits. Its customers span such diverse industries as automotive, distribution, energy and utilities, financial services, food and beverage, hospitality, high technology, media and cable, pharmaceutical, healthcare, telecommunications and transportation.
About Kroll: Kroll, the world’s leading risk consulting company, provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on opportunities.
About Altegrity, Inc.: Altegrity, Inc., is the parent company of the largest commercial provider of background investigations for the federal government; the world’s leading risk consulting company that provides a broad range of investigative, intelligence, financial, security and technology services to organizations and multinational corporations around the world; and a global commercial employment background and drug screening supplier to more than one-third of the Fortune 500.