OLD GREENWICH, Conn.--(BUSINESS WIRE)--WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced it has invested in Certrax Risk Compliance Solutions, Inc. (“Certrax”). Certrax is a state-of-the-art application and service that allows real estate owners, property managers and service providers to manage third-party risk by electronically tracking, managing and storing contracts and insurance certificates. As part of the agreement, Steven Lau, Managing Director at WorldQuant Ventures, will join Certrax’s Board of Directors.
The application’s cutting edge technology, along with its superior leadership, including Certrax’s Chief Executive Officer Brian O’Keefe and Chief Operating Officer Robert Mitchell, offer an attractive opportunity for WorldQuant Ventures to help expand Certrax’s compliance risk assessment and reporting offering.
“WorldQuant Ventures is pleased to announce our investment in Certrax Risk Compliance Solutions and its leading compliance web application,” said Lau. “I look forward to joining Certrax’s Board of Directors during this important juncture as we work with the company to innovate and help it realize its future growth potential.”
“We are extremely excited to have WorldQuant Ventures as an integral part of our Board of Directors, which will shape the strategic direction of the company. Our Board and investors help us to accelerate growth through capital, but more importantly, through a broad range of relevant experience, expertise and networks. From our first meeting with WorldQuant Ventures, we knew that Steven and his executive team were exactly what we needed to continue to enhance our product offering and add scale to our client base,” said Brian O’Keefe, Chief Executive Officer of Certrax.
About WorldQuant Ventures LLC
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, LLC’s founder, Igor Tulchinsky. The firm is focused on disruptive companies in technology, with a particular focus on data and finance, and has investments in over 20 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management firm. For more information, please visit www.worldquantventures.com and www.worldquant.com.
About Certrax Risk Compliance Solutions, Inc.
Through its web application and service team, Certrax Risk Compliance Solutions, Inc. enables both large and small scale companies that own or manage real estate to effectively implement and monitor their third-party risk mitigation plan throughout their portfolio. Clients can leverage Certrax’s leading technology and team of industry experts to efficiently perform all key functions of contract and insurance tracking. Certrax clients have a real-time picture of compliance, so they know where their actual risk lies and can take steps to mitigate these risks. Certrax also saves clients money by efficiently managing required daily tasks and minimizing out-of-pocket costs resulting from damages caused by third-parties. Certrax is pleased to have some of the largest hospitality and real estate companies utilizing their services today. For more information, please visit www.certrax.com.