Veremark buys RMI to boost outsourced background screening in APAC
LONDON, ENGLAND, and SINGAPORE, SINGAPORE — Veremark, a global workplace trust solutions provider, has acquired Singapore-based Risk Management Intelligence (RMI), which offers outsourced background screening and candidate verification.
The acquisition, which adds a team of 70 specialists to Veremark’s operations, will increase the company’s presence in the Asia-Pacific (APAC) region and strengthen its direct affiliation with major government and educational bodies in Singapore.
Veremark gains Singapore government screening access
This move will help Veremark build integrated relationships with key Singaporean organizations, such as:
- Ministry of Manpower (MOM)
- Early Childhood Development Agency (ECDA)
- Nanyang Technological University (NTU)
Direct communication with government organizations helps Veremark deliver specific services, including government visa checks, accurately and in accordance with regulations.
“As global hiring and workforce mobility continue to accelerate, the capabilities and reach of background screening need to stay one step ahead,” states Daniel Callaghan, CEO and Co-Founder of Veremark.
“Together, we can ensure that employers can implement thorough background screening at scale anywhere in the world.”
Veremark offers outsourced, automated background and pre-employment checks, including employment history, reference, identity, and academic checks. In addition, they help employers in reducing hiring risk and enable them to onboard global employees faster, without upfront payment, and even integrate with their current HR practices in more than 180 countries.
RMI was established in 2012 by recruitment industry veteran Matthew Beath and built its reputation on a personalized approach that leveraged public records, international sanctions lists, and direct interactions with university registrars and local business registration offices.
They also offer risk management services to enable businesses to operate in a complex risk environment and build the resiliency of their operations.
The combination of these built-in workflows would enable Veremark to improve its platform and expand its workspace trust services in the APAC region.
Veremark accelerates global screening after $26Mn funding
The acquisition of RMI represents a calculated deployment of capital following Veremark’s recent $26 million Series B funding round, signaling a rapid consolidation phase aimed at building a comprehensive global screening platform.
This transaction marks Veremark’s second acquisition in a short period, following its purchase of Agenda Screening Services, a specialist background screening firm.
Callaghan notes, “RMI’s regional expertise and partnerships with key government and educational institutions allow us to strengthen our international capabilities and double down on our workplace trust offerings.”
On the other hand, Mervyn Ho, General Manager of RMI, states, “For our customers and partners, business will continue as usual, and with the backing of Veremark, we can enhance our capabilities and global offering.”
This move allows Veremark to maintain RMI’s high-touch, personalized service while integrating it into a well-capitalized international platform, positioning the company to compete aggressively in the evolving global workforce mobility market.
