Naveen Jain: Leading a Recession-Proof Firm
Strong leadership often manifests in times of crisis. Based on this concept, Intelius CEO and President Naveen Jain definitely measures up. The height of the recession has seen many businesses suffer and collapse, but Jain’s information security provider has weathered the crisis and has emerged stronger and more profitable.
Naveen Jain is the head and co-founder of Intelius, an information commerce firm that supplies background checks, verification and protection services, and people search technology that empowers millions of Americans in their day-to-day decision-making. At the height of the recession, his firm has seen through new acquisitions, an IPO filing, office expansions, and increased philanthropic contribution.
Recently, the Bellevue, Washington-headquartered firm has added an extension office at Bothell, Washington to facilitate its increasing number of clients and transactions. The recession has led to increasing profit and headcount for the infocommerce firm. The new North Creek Campus building will accommodate over 140 workers, adding space to the 195 employees the Bellevue campus presently houses. This follows the impressive $31.8 million first quarter revenue for 2009 reported by the company. Due to an impressive 1566.27% growth rate for the 2003-2007 timespan, Deloitte and Touche has certified the firm as the 8th fastest growing tech company in Washington State. It has also fared extremely well in acquisitions, after recently taking over Spock, the popular search engine that is expected to boost search capability and revenue for the information security provider.
Contradicting the trend of decreasing corporate giving today, the firm has even stepped up on its charitable donations. This year, it broke its own record by giving over $210,000 to local and national nonprofit organizations.
The exceptional performance that Naveen Jain’s firm has demonstrated in terms of revenue growth, increasing headcount, office expansion, and new acquisitions validate that it is indeed a recession-proof company.
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