Big picture - Why invest in ClearStar Inc
ClearStar Inc Snapshot
ClearStar is a technology and service provider to the background check industry, supporting background screening companies, employers and employees with their recruitment and employment application decisions. ClearStar provides employment intelligence to its clients through a suite of IT applications for day-to-day use in their business. Employment intelligence aims to improve business insight to support better recruitment and other decisions affecting employees generally, by increasing the quality, reliability and visibility of information available to management.
The IT suite consists of a collection of applications that utilise data from over 3,000 sources ranging from résumés to records with local authorities. ClearStar’s primary business involves searching the relevant source of data for specific employment intelligence information based on clients’ bespoke requirements for its employment applicants. ClearStar extracts the required input and this information is then processed, allowing the client to make a swift decision in respect of the relevant applicant, thereby minimising bottlenecks in the hiring process.
We didn’t become industry leaders in background screening overnight. In fact, our leadership team were accomplished professionals with decades of relevant experience under their belts before ClearStar was ever formed. Today, collectively, they represent the best in the business, not only leading the background screening industry but also shaping it.
Robert J. Vale, Jr., CEO
Robert “Bob” Vale, Chief Executive Officer, founded ClearStar in partnership with Ken Dawson and William White. He is actively involved in developing business strategy and meeting with clients and business partners to discuss the direction of the background screening industry. Before forming ClearStar, Bob was the Manager of Loss Prevention Technical Support for United Parcel Service (UPS). As a founding member of the National Association of Professional Background Screeners (NAPBS), Bob is often called upon to deliver keynote presentations on the subject of large-scale systems management, technology trends, and personal information security.
Kenneth W. Dawson, Jr., CIO/CISO, CISSP®
Kenneth “Ken” Dawson is a founding member of ClearStar and currently serves as its Chief Information Officer. Ken is responsible for evaluating, designing, and implementing background check technology solutions that combine information from disparate information sources in varied data formats. Before forming ClearStar, Ken developed enterprise systems for United Parcel Service (UPS) and Kaiser Permanente. Ken began his career in software development and content delivery in 1990 while working as an intern for Conatec, Inc., an aerospace engineering firm.
Jennifer Balleza, CFO
Jennifer Balleza leads all areas of finance and accounting for ClearStar, including establishing and maintaining accounting controls and processes to mitigate financial risk and ensure timely financial reporting. She previously served as ClearStar’s Corporate Controller since ClearStar’s IPO, managing the financial reporting, compliance, and accounting aspects of the organization. Prior to joining ClearStar, Jennifer was a senior manager in the assurance practice of Aprio, LLP, a large business advisory firm based in Atlanta. During her tenure at Aprio for over 14 years, she worked with companies in various industries, including software, manufacturing and distribution, telecommunications, healthcare, and insurance. Jennifer earned her Bachelor of Science degree in Accounting from the University of Arkansas. Her professional affiliations include the American Institute of Certified Public Accountants, the Georgia Society of Certified Public Accountants, and she is a former board member of TAG Corporate Development.
Traci Ivester, COO
Traci Ivester directs the daily operations of ClearStar with oversight of the compliance and order fulfillment teams. Traci has significant experience with the product and service needs of major employers, and large and small consumer reporting agencies. She led the ClearStar team to achieve National Association of Professional Background Screener’s (NAPBS) Accreditation in 2013, and is also a founding member of NAPBS. Before joining the ClearStar team, Traci was a founding partner and served as Vice President of global employment screening firm Vereda, Inc., a firm she took from start-up to a successful industry leader. Traci holds a BA in Justice Studies.
Brad Carlson, CRO
Brad drives ClearStar’s sales efforts with direct clients, Innovators, channel partners, and agents. He provides statistical analysis and forecasting and manages sales contributors, partnerships, and strategic alliances. Brad has extensive knowledge within the background screening industry serving as Vice President of Sales for four national background screening companies, including his role as EVP of Sales at General Information Services, where he led the sales efforts for all segments of the team for 6 years. Brad has over 30 years of active sales management, 18 of which were within the background screening industry.
Nicolas Dufour, EVP and General Counsel, Corporate Secretary
Nicolas Dufour advises ClearStar’s management team on all legal matters, issues, and risks impacting the organization. He provides legal guidance, legal management, and operating standards related to business; state and federal laws; regulatory; and legal strategic matters. Nicolas has more than two decades of legal practice experience and twelve years of experience in the background check industry. Before joining ClearStar, he was Chief Regulatory Counsel at First Advantage Corporation, where he oversaw litigation matters and regulatory enforcement investigations related to privacy and data security issues.
Todd Shoulberg, President, Medical Information Services
Todd Shoulberg provides direction and leadership to the daily operations of ClearStar’s Medical Review Office. He is responsible for keeping all drug testing clients in compliance with state, federal, and local regulations, and identifies new testing methods and products for clients to utilize in their drug testing programs. Before joining ClearStar, Todd served as Vice President of Florida Drug Screening, Inc., where he oversaw operations of the Medical Review Office, including Sales, Marketing, and Customer Service.
|Shareholder||Number of Ordinary Shares||Percentage of Issued Ordinary Share Capital|
|Robert Vale*||9, 693, 000||26.66%|
|Canaccord Genuity Group, Inc.||5, 785, 532||15.91%|
|Ken Dawson||4, 090, 000||11.25%|
|William White**||3, 811, 500||10.48%|
|River & Mercantile Group||3, 030, 550||8.33%|
|Artemis Investment Management LLP||1, 754, 000||4.82%|
|Paul Hill||1, 543, 500||4.24%|
|David Pattillo||1, 363 ,900||3.75%|
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