Red Violet Business Summary

Red Violet, Inc. (RDVT) operates a cloud-native identity intelligence platform, CORE™, which leverages proprietary distributed computing technology to provide real-time data fusion and analytics. The company generates revenue through a mix of recurring subscription fees and transaction-based pricing across two primary business segments: IDI, which provides due diligence and risk management solutions for the enterprise and public sectors, and FOREWARN, an app-based safety and identity verification tool tailored for the real estate industry. As of early 2026, the company continues to expand its footprint in the background screening and financial services markets by integrating its idiTRACE and idiCRIM tools into third-party platforms. Red Violet competes directly with legacy data conglomerates such as LexisNexis Risk Solutions, TransUnion (TRU), Equifax (EFX), and Experian, positioning itself as a more agile, technologically superior alternative that offers higher-speed processing and more accurate entity resolution at a lower total cost of ownership. The leadership team is anchored by Chairman and CEO Derek Dubner, President James Reilly, and CFO Dan MacLachlan, all of whom have served in their respective roles since the company’s inception. This executive core brings a deep pedigree in the information solutions industry, having previously held senior leadership positions at TLO (acquired by TransUnion) and Seisint (acquired by LexisNexis), where they were instrumental in building the foundational technologies for the modern data analytics market. The technical team, led by CTO Angus Macnab and CIO Jeff Dell, is credited with developing the third-generation data fusion architecture that powers the CORE platform. Red Violet’s board includes notable industry veterans such as former Comscore CEO Bill Livek and Lisa Stanton, while institutional backing is led by significant positions from Vanguard and Ophir Asset Management, reflecting strong market confidence in the team’s long-term growth strategy.