An industry-leading provider of background screening solutions, A&M Capital, A&M Capital Partners (AMCP), and Asurint recently announced the acquisition of Contemporary Information Corp, a Duluth, Georgia-based provider of housing data for tenant screening and other public records.
Over the years, Contemporary Information Corp (CIC) has established a database of over 30 million housing court records and upwards of a billion criminal records compliant with Fair Credit Reporting Act standards. Clients benefit not only from the company’s comprehensive archive of public records, but also CIC’s proprietary matching methodology and exclusive regulatory filtering technology. Pairing the company’s proprietary data assets, robust intelligence, and automated compliance technology with Asurint’s unique data-driven platform will enhance both businesses’ capacity to serve the needs of leaders in America’s tenant screening sector.
Speaking on the acquisition, Asurint’s chief executive officer Alla Schay said, “CIC is a strategic data and technology asset that strengthens our platform, particularly in tenant screening, where speed and accuracy are critical.” Schay spoke highly of the new acquisition’s proprietary data and tools, particularly in regard to how they pertain to Asurint’s ability to automate and scale operations. “We believe the combined impact will be greater than the sum of its parts,” Schay continued. “Together, we will deliver the fastest and most comprehensive criminal and eviction screening intelligence in the market.”
Asurint began operations in 2005. Since that time, the company has innovated screening operations through a combination of expert insights and advanced technology, resulting in more intelligent and expansive screening methodologies. The Asurint team has developed a data-focused platform that delivers more accurate results at greater speeds using an integrated framework, with the overriding goal of providing every person with the transparency and respect they deserve while undergoing screening processes. Asurint provides a more comprehensive look into tools and processes at asurint.com.
Meanwhile, CIC chief executive officer William Bower responded in kind, stating that “[CIC has] worked with Asurint for many years, so [the acquisition] came as a natural fit. Asurint’s core values and ethos mirror those of CIC.” Bower, a founding member of the Professional Background Screening Association (PBSA), continued by explaining how the new partnership would enhance both companies’ abilities to pursue new opportunities. “Combining CIC’s data with Asurint’s deep market reach allows the vision of CIC to be fully realized. Together, the companies will create a positive shift in the industry that will benefit both clients and consumers.”
CIC launched in 1986, quickly establishing itself as a leading provider of housing court, criminal cases, and sex offender records on behalf of a varied client base. While CIC has focused on the rental housing market in recent years, the company also supports the needs of consumer reporting agencies, insurance product underwriters, banking professionals, and others. Clients can receive information through a data-as-a-service model. Alternatively, CIC may offer records directly to end users via a series of proprietary databases and platforms.
Working closely with chief financial officer Sabrina Bower, William Bower strives to empower multi-family housing and independent rental owners with the most actionable and accurate housing and criminal public records possible. Together, they have developed rigorous data quality standards that have helped CIC establish a reputation as an industry leader. The acquisition represents a momentous shift for Asurint’s growth strategy, allowing the background screening solutions provider to advance numerous innovation initiatives while expanding offerings to clients.