An affiliate of HIG Capita has completed the acquisition of Intelius an online provider of people-related information for consumers.
Intelius is a leading provider of on-demand information about individuals and predictive analytics that can help identify connections to other people, places and things. Headquartered in Bellevue, Washington, the privately-held company has been in business since 2003 and has sold more than 50 million reports.
“We are pleased to support Intelius, a leading provider of online consumer information services,” says Elliot Maluth, a Managing Director of HIG Capital. “We view Intelius as a strong cash flow business with tremendous growth opportunities moving forward.”
“This transaction enables us to focus solely on our core Intelius business and to re-invest in ways that help us to better support customers and to grow our leadership position,” says Prakash Kondepudi, Chief Executive Officer of Intelius, who is replacing Intelius’ founder Naveen Jain in this role. Kondepudi has served as the President of the Intelius Division for the past five years.
