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Checkr Acquires Modohr Technologies Inc.

Feb 08, 2022•over 3 years ago

Acquiring Company

Checkr Group, Inc.

Acquired Company

ModoHR

San FranciscoMobileAdministrative ServicesSoftwareProfessional ServicesInformation Technology

Description

Checkr, a leading technology company powering the future of work, announced today it has acquired ModoHR Technologies Inc., a Canadian-based background check company.

Company Information

Company

Checkr Group, Inc.

Location

ONE MONTGOMERY STREET

San Francisco, California, United States

About

Checkr's mission is to build a fairer future by designing technology to create opportunities for all. Established in 2014 and valued at $4.6 billion, Checkr builds people infrastructure for the future of work. We believe all candidates, regardless of who they are, should have a fair chance to work. That's why we've designed a faster—and fairer—way to screen job seekers. Many of the fastest-growing businesses in the world use Checkr's technology to easily initiate and review background checks. Our customers include Lyft, Instacart, Netflix, Adecco, Drift, Coinbase and more than tens of thousands of customers from SMBs to Fortune 500 employers. Join us in the effort to promote fair chance hiring at checkr.com and on LinkedIn, Facebook, and Twitter.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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