Red Violet, Inc. (NASDAQ: RDVT) shares slumped Tuesday. The company, a leading analytics and information solutions provider, announced that it will present at the Raymond James TMT and Consumer Conference being held December 8-10, in New York. Derek Dubner, Chief Executive Officer, and Dan MacLachlan, Chief Financial Officer, will present and host investor meetings on December 9.
“At Red Violet,” according to this morning’s news release, “we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence.
“Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition.
“Our intelligent platform, CORE, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society.
RDVT shares lost 89 cents, or 1.5%, to $56.96.
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