Naveen Jain’s Intelius Shines despite Crisis
When the times got tough, Intelius CEO Naveen Jain knew exactly how to keep his company going. And forward was the only direction it went, shining despite the economic crisis. Despite the slump in the global economy, products and services of the leading provider in intelligence and protection services continue to sell, posting no declines in revenue since 2007. By consistently introducing relevant and innovative products and services to the market, Intelius has upped the ante in information security, securing its competitive advantage among other providers in the security category.
In fact, Inc. Magazine listed Intelius among the fastest growing companies for 2007 and 2008. By 2007, the company’s earnings had surged by 930.0%. This is already substantial given that it had $5.3 million and $54.7 million revenues for the years 2003 and 2006 respectively. Consumers patronized its instant background checks and identity verification services. During this year, almost 40% of Web users had visited its site. With the introduction of IDWatch, the award-winning identity theft prevention product, the company boosted its sales and looking at further growth.
Naveen Jain, as chief executive, has led the company in its aggressive sales campaign and product development. The India-born entrepreneur worked previously as CEO of InfoSpace and prior to that, as a senior executive at Microsoft Corporation. Through his dynamic leadership, Intellius has ranked consistently among the Top 50 Seattle-based companies and has continued to make advances in acquiring properties to improve its services, the latest of which is Spock, the search engine. It has also expanded its operations to a second site in Bothell.
Unlike some areas in the IT market, the market for information security has not dried up. Thousands of Americans are in need of intelligence services to secure their decision-making promises and ensure the protection of their families and businesses.
