North Bridge Growth Equity’s acquisition of a minority interest in Asurint, a provider of next-generation background screening solutions

Asurint, a provider of next-generation background screening solutions, announced that it has secured a minority investment from North Bridge Growth Equity, a leading growth equity firm focused on high-growth technology companies.

Asurint will leverage the North Bridge Growth Equity capital to accelerate the company’s exceptional growth trajectory by adding additional talent to its workforce and further expanding its suite of technology-first background screening solutions.

Founded by a team of technology-driven industry veterans, Asurint utilizes its automated recommendation model and proprietary technology to deliver accurate, timely, compliant and cost-effective enterprise solutions within the $4 billion background screening industry. The company’s differentiated approach has rapidly supplanted conventional background screening players by providing an unmatched ability to improve search result quality, turnaround time, workflow efficiency and regulatory compliance, all while lowering the total cost of search. Asurint’s innovative solution, combined with its strong dedication to excellent customer service, has enabled the company to garner an impressive list of enterprise customers across a broad range of sectors, including staffing, healthcare, transportation and retail.

North Bridge Growth Equity is a leading growth equity firm that partners with successful technology and tech-enabled companies addressing large, dynamic markets including business services, healthcare IT, communications infrastructure and software. North Bridge Growth Equity provides capital and expertise to help companies institutionalize their approach and to prepare for the next phase of growth. North Bridge Growth Equity has over $1 billion of capital under management and has backed industry defining companies such as Dyn (acquired by Oracle), IngeniousMed, OutSystems, Proto Labs (IPO on NYSE), RuffaloCody (acquired by financial sponsor), SmartPak (acquired by Henry Schein) and WPEngine.

Jones Day has advised Asurint in its sale with a team led by George Hunter.

Involved fees earner: George Hunter – Jones Day;

Law Firms: Jones Day;

Clients: Asurint;


Author: Ambrogio Visconti