- Data Facts recently announced it is acquiring Strategic Information Resources (SIR). These are the details behind the deal.
Data Facts — a nationwide provider of mortgage lending solutions and national and international background screening solutions — recently announced it is acquiring Strategic Information Resources (SIR) and its affiliate companies Background Decision, Diversified Appraisal Services, and All In Compliance. This acquisition provides Data Facts with a range of complementary and adjacent lending and background screening solutions.
Data Facts President Julie Wink pointed out that the decision to keep the Strategic Information Resources offices open was easy.
“Although operating as one company, both Data Facts and SIR clients can rely on the same personal working relationships they’ve enjoyed over the years, communicate with the same people, and depend on the same quality of work that is never off-shored outside the U.S,” said Wink.
Strategic Information Resources CEO Lee Howlett, President Maureen Devine, and Managing Partner Bill Shea are going to work closely with Data Facts’ management team to ensure a smooth transition. And Data Facts will retain Strategic Information Resources’ office in Holyoke MA and their Diversified Appraisal Services locations in York, ME and Raymond, NH.
“The combination of SIR and Data Facts charts a new course for outstanding client service and innovative product development. Our many loyal clients will benefit from new efficiencies and even greater support for their organizational goals,” added Howlett.
“We celebrate a new milestone today as the Data Facts family formally welcomes our highly regarded peer, SIR. Aligning with a firm that complements our approach provides an unparalleled depth of services to exceed client needs and expectations. Their team impresses me, with some of their team offering 20, 30, even 40 years of valuable industry experience. Every SIR and Data Facts employee, under the Data Facts umbrella, will be integral in pushing the boundaries of innovation and creating opportunities to increase client efficiencies,” explained Data Facts’ founder and CEO Daphne Large.
Data Facts and SIR will operate under the Data Facts umbrella and remain privately held.
“I’ve worked with Daphne and Julie for many years on all aspects of this business. I trust them both. Culturally, I believe we are similar- we care about the customer, the people, and the health of the business. I’m confident this will be a perfect union,” commented Devine.
Data Facts is known for providing trusted information to Mortgage Lending and Human Resource professionals thus enabling them to reach sound lending and hiring decisions. And Data Facts is SOC 2 and WBENC certified, NAPBS accredited, actively involved with various MBA and SHRM chapters, and requires all staff members to hold FCRA certifications.
John McTighe — the Data Facts’ Executive Vice-President for the Background Screening division — pointed out that “the connection of our two companies is a classic example of how 1 + 1 really can equal 3. The combination of our two teams will deliver a higher level of service and flexibility for our customers, a louder voice to influence legislative and regulatory activities, and an expansion of our product offerings. Everybody wins!”
Last year, Data Facts was ranked by HRO Today’s Baker’s Dozen Customer Satisfaction Ratings as a top background screening provider.
“Data Facts, combined with SIR, is an enterprise capable of adapting to industry changes and expanding customer needs with the vision to bring new products and services to market. What competitor will have more talent, more drive, and inspire more trust than this newly merged entity? No one” noted Shea.
The launch of Strategic Information Resources goes back to 1926. The company started out as a regional provider of credit information helping financial institutions evaluate loan applicants. And today, SIR is a single-source, leading provider of information solutions delivering a mix of comprehensive products that add value to their clients’ entire processes. Many employees have direct industry experience. And the company invests in its ongoing training on the industries they serve and consumer protection laws.
