Shawn Rucks
Austin, TX (USA)
Role(s):
Founder/Owner/Principal
deverus
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Startup
Location:
Austin
Industry:
Technology/Web
Year Founded:
1997
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
Established in 1998, privately-held Austin-based deverus, Inc., helps companies in the background screening industry work better, faster and smarter by providing the highest quality software, SAAS cloud-based solutions, mobile applications, integrations, compliance, automation, security, privacy and customer support services available. Deriving its name from a blend of Latin and Spanish meaning “from the truth,” deverus helps HR departments make critical hiring decisions using data such as criminal records, education and employment verifications, drug and assessment testing, and more. The company delivers its services to over 35,000 businesses, hiring more than 2.5 million employees per year, through more than 75 trusted partners.
$7.7M in revenue, (10.05% growth) $1.295M in profit (EBITDA 19.3%). Looking to grow to $12M revenue, $3M in profit by 2021 and then exit. Multiples on SAAS is anywhere from 4 to 10 in revenue, 13 in EBITDA
The current valuation is $35M, looking for $ 2M for 6%. Needed for owner liquidity for one-time cash purpose. (Divorce) Yearly dividend of $12K per year for each percentage point.