HireRight Holdings Corporation, a global provider of background verification services and workforce solutions, announced the commencement of its operations in Brazil, a significant achievement in its regional expansion strategy.
With this move, HireRight aims to strengthen its support for clients conducting hiring activities in Brazil and Latin America.
Brazil, with 214 million inhabitants, the largest economy in Latin America, and a thriving hub for technological startups, represents a significant growth potential for background verification services.
HireRight’s new office is located in the financial district of São Paulo, a decision-making epicenter for numerous companies in Latin America, with 60% of Fortune 100 companies having a local presence.
This expansion into Brazil follows the launch of HireRight’s Mexican subsidiary in 2021 and the acquisition of Inquiro Vitae in Argentina earlier this year.
“It is a great pleasure to grow our presence in Latin America with the country of Brazil to provide better services to our clients operating in this critical market.
“We recognize the value of local expertise when it comes to employment selection, and we believe that our presence in São Paulo will help us differentiate from other global providers and pave the way for new business opportunities,” emphasized Guy Abramo, President and CEO of HireRight.
These strategic moves enable HireRight to extend its background verification services beyond multinational corporations to cater to the specific needs and requirements of small and medium-sized local businesses in the region.
With the new operational entity in Brazil, HireRight aims to provide data to clients conducting verifications in the country more efficiently, establishing direct connections with local sources.
It will also offer local compliance verification services and customer support in Portuguese to enhance accurate and efficient verification processes.
Additionally, billing in the local currency, the Real (BRL), represents a significant advantage for international clients with a presence in Brazil.
With this expansion, HireRight is well-positioned to consolidate its presence in the Latin American market, provide strong local support, and foster attractive agreements and partnerships for the region.
HireRight is a global leader in technological solutions for regulatory compliance and workforce risk management.
It offers comprehensive background investigation, verification, identification, monitoring, and drug or health condition detection services to approximately 37,000 clients worldwide.
These services are provided through a unified global platform and a data platform seamlessly integrating into clients’ human resource management systems.
This enables efficient workflows in the hiring, onboarding, and personnel supervision process.
In 2022, HireRight conducted investigations on more than 24 million applicants, employers, and contractors for its clients, processing over 107 million assessments.
