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GlobalOptions Leads the Way in Outsourcing Services for Security and Fraud Prevention
NEW YORK--(BUSINESS WIRE)--Apr. 30, 2009-- GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, leads the way in providing insurance providers, third-party administrators, legal firms, public entities and Fortune 500 companies that must battle fraud, with the most complete suite of outsourced fraud prevention services in the industry.
“We help companies streamline their fraud prevention activities by managing not only their surveillance and data services, but by offering management of a full complement of outsourced services, ultimately providing a single resource for all fraud prevention services,” said Franklin Pinder, President of the Fraud SIU division of GlobalOptions, Inc. “As cost-consciousness and sensitivity continues to be the norm in our economy, GlobalOptions is leading the way in the fraud prevention industry by offering a comprehensive suite of outsourced services to ensure that companies receive both the widest range of services provided at the highest level possible.”
In addition to standard surveillance services, among the additional outsourcing services that GlobalOptions provides are:
- Vendor management, which oversees all outsourced vendors and provides streamlined and standardized services
- Licensed SIU services
- Data storage
- GlobalOptions’s proprietary GlobalTrak system, a full suite of risk management tools, including background information, evidence processing and management and audio and video surveillance file management.
“We have come to rely on GlobalOptions’ full suite of services to manage our surveillance, background investigations, hospital sweeps and SIU investigations services. When we first started working with GlobalOptions, we had a wide variety of outsourced services, each with their own set of processes,” said Carl Ayestas, Executive Vice President, CCMSI, a leading third-party administrator for all lines of insurance claims. “The GlobalOptions team has assisted us on a nationwide basis to have better control over our entire investigations operation, streamlining the varying processes, ensuring that our outside investigators maintain their licenses, and created billing and reporting packages that were in compliance with individual state guidelines.”
“GlobalOptions continues to set the standard for highly efficient, end-to-end solutions for handling the claims investigation process while improving quality and creating efficiencies of scale for companies that need risk management support,” continued Mr. Pinder.
About GlobalOptions Group, Inc.
GlobalOptions, with headquarters in New York City and offices in 16 cities, is an integrated provider of risk mitigation and management services to government entities, FORTUNE 1000 corporations and high net-worth and high-profile individuals throughout the world. We enable clients to identify, assess and prevent natural and man-made threats to the well-being of individuals and the operations of governments and corporations. In addition, we assist our clients in recovering from the damages or losses resulting from the occurrence of acts of terror, natural disasters, fraud and other risks. Our services currently include risk management, security, investigations, litigation support, anti-fraud solutions, business intelligence, and crisis management and preparedness services. Additional information can be found at www.globaloptions.com.
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. To the extent the content of this press release includes forward-looking statements, they involve various risks and uncertainties including the successful integration of the acquired businesses, projected financial information, and the continued successful implementation of the company’s business strategy.
Certain of these risks and uncertainties will be described in greater detail in GlobalOptions Group’s filings with the Securities and Exchange Commission. GlobalOptions Group is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Source: GlobalOptions Group, Inc.
Lippert/Heilshorn & Assoc. PR: Jules Abraham, 212-838-3777 jabraham@lhai.com IR: Jody Burfening, 212-838-3777 jburfening@lhai.com
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