Interactive Data, LLC partners with TazWorks to enhance background screening solutions and improve client trust and efficiency.
Quiver AI Summary
Interactive Data, LLC (IDI), a leader in identity verification, has announced a strategic integration with TazWorks™, a technology platform for the background screening industry, which is part of MeridianLink. This partnership aims to enhance the access of consumer reporting agencies (CRAs) to IDI's advanced identity intelligence solutions, helping them improve client satisfaction and profitability. The collaboration will enable CRAs to utilize IDI’s comprehensive identity graph and cloud-native technology to streamline their background screening processes. Key offerings include idiTRACE™, which assists in verifying addresses and history, idiCRIM™, a national criminal history database, and idiALIAS™, which provides criminal records for all subject aliases. This integration will empower CRAs with faster verifications and more reliable results within the TazWorks platform.
Potential Positives
- Strategic partnership with TazWorks enhances IDI's integration capabilities, expanding access to its identity verification solutions in the background screening industry.
- The collaboration aims to improve efficiency, client trust, and profitability for consumer reporting agencies (CRAs), positioning IDI as a leader in identity intelligence.
- Leveraging IDI's advanced analytical technologies and comprehensive consumer identity graph could significantly enhance background screening processes and outcomes for clients.
Potential Negatives
- The press release emphasizes a forward-looking statement regarding the strategic relationship between IDI and TazWorks, which is subject to risks and uncertainties that could impact its success, indicating potential instability or unpredictability for investors.
- By focusing heavily on collaboration, the press release may imply a reliance on partnerships for future growth, which could be perceived as a lack of independent strength or innovation.
- The extensive use of technical jargon and industry-specific terms might alienate general investors or stakeholders who may not fully understand the company's offerings and strategic direction.
FAQ
What is the new agreement between IDI and TazWorks about?
The agreement focuses on integrating IDI's identity verification solutions with TazWorks’ background screening technology platform.
How will IDI's solutions benefit background screening agencies?
IDI's solutions enhance efficiency, accuracy, and profitability for consumer reporting agencies in the background screening industry.
What technologies power IDI's identity intelligence solutions?
IDI's technologies utilize a cloud-native, AI/ML-driven platform and a comprehensive consumer identity graph for identity verification.
What is the role of TazWorks in this partnership?
TazWorks provides a cloud-based platform that improves the screening process, benefiting agencies that rely on background checks.
How can clients access IDI's solutions through this partnership?
Clients can access IDI's solutions via the TazWorks platform, enhancing their screening capabilities and insights.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RDVT Insider Trading Activity
$RDVT insiders have traded $RDVT stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $RDVT stock by insiders over the last 6 months:
- DEREK DUBNER (Chief Executive Officer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $462,096.
- DANIEL MACLACHLAN (Chief Financial Officer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $462,096.
- JAMES PATRICK REILLY (President) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $462,096.
- JEFFREY ALAN DELL (Chief Information Officer) has made 0 purchases and 2 sales selling 5,000 shares for an estimated $231,018.
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$RDVT Hedge Fund Activity
We have seen 81 institutional investors add shares of $RDVT stock to their portfolio, and 52 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TRIGRAN INVESTMENTS, INC. removed 582,875 shares (-48.2%) from their portfolio in Q2 2025, for an estimated $28,677,450
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- AMERIPRISE FINANCIAL INC removed 227,735 shares (-89.6%) from their portfolio in Q2 2025, for an estimated $11,204,562
- NANTAHALA CAPITAL MANAGEMENT, LLC removed 147,039 shares (-43.1%) from their portfolio in Q2 2025, for an estimated $7,234,318
- LORD, ABBETT & CO. LLC added 116,102 shares (+inf%) to their portfolio in Q2 2025, for an estimated $5,712,218
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$RDVT Analyst Ratings
Wall Street analysts have issued reports on $RDVT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Lake Street issued a "Buy" rating on 08/04/2025
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Full Release
BOCA RATON, Fla., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT) and leader in identity verification and risk mitigation, today announced an agreement for a new integration with TazWorks™, the creators of TazCloud™, a leading independent technology platform for the background screening industry and part of MeridianLink, a leading provider of modern software platforms for financial institutions and consumer reporting agencies. TazWorks’ powerful solutions—designed to make screening services more accurate, efficient, and profitable for the consumer reporting agency (CRA) business—run on a robust, cloud-based network that is instantly scalable to meet the needs of screening agencies of any size. This strategic relationship will expand access to IDI’s best-in-class solutions tailored to support the background screening industry and CRAs that seek to improve client trust and satisfaction while increasing profitability.
IDI will join the TazWorks partner ecosystem, which is built on a commitment to open integration and delivering elite solutions for background screening agencies. Leveraging IDI’s leading consumer identity graph consisting of proprietary, public record, and publicly-available data covering nearly 100% of the U.S. adult population, and powered by IDI’s cloud-native, AI/ML-driven technology platform, IDI’s suite of solutions help to identify critical pointer data to support internal background screening processes while improving match rates of screened individuals.
idiTRACE™, the premier address and verification solution, helps background screeners uncover an applicant’s potential address and alias history using customized searches by name, alias, SSN, and date of birth.
idiCRIM™, a leading national criminal history database covering court, arrest, warrant, watch list, fugitive, and sex offender records, helps reduce false positives, make manual reviews more productive, and streamline internal background screening processes.
idiALIAS™ combines address trace and national criminal database searches to deliver criminal results for all subject aliases, boosting efficiency and outcomes.
“We’re excited to partner with TazWorks to expand access to IDI’s powerful identity intelligence solutions,” said James Frasche, Chief Operating Officer at red violet. “This collaboration carries on IDI’s innovation and investment in the background screening industry and makes it easier than ever for CRAs to obtain IDI’s essential insights. Together, we’re helping CRAs and the employers, property managers, and other organizations that rely on their screening services function with greater efficiency and confidence.”
“We’re thrilled to add this integration to our top-tier software, as it represents another step forward in our mission to empower screening agencies with the industry’s most advanced and flexible technology,” said Jake Shapiro, TazWorks Director, Product Management. “By connecting TazWorks with IDI’s identity intelligence, our mutual customers gain access to deeper insights, faster verifications, and more reliable results—all within the TazWorks platform they already trust.”
About IDI
At IDI, we deliver innovative identity intelligence solutions. Our proprietary technologies and advanced analytical capabilities empower organizations to operate with confidence, providing real-time identification and location of individuals, businesses, assets, and their interrelationships. With a focus on identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition, our intelligent platform, CORE™, caters to organizations of all sizes, transforming data into intelligence for frictionless commerce, safety, and reduced fraud.
For more information, please visit www.ididata.com .
About MeridianLink
MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.
TazWorks, part of MeridianLink, offers turnkey screening solutions and growth strategies to organizations who provide background screening as a service. TazWorks is the creator of TazCloud – an end-to-end technology solution for the background screening industry.
For more information, please visit www.tazworks.com .
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether the strategic relationship between IDI and TazWorks will expand access to IDI’s best-in-class solutions tailored to support the background screening industry and CRAs that seek to improve client trust and satisfaction while increasing profitability. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
IDI Investor Relations:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
[email protected]
LinkedIn:
https://www.linkedin.com/company/interactive-data-llc
X: @IDIData
MeridianLink Media Contact
Erica Bigley
[email protected]
