Pleasanton, California – (The Hosting News) – August 23, 2006 – Software, application engineering and web hosting services firm, BrightStar Information Technology Group, Inc., has acquired, as a wholly-owned subsidiary, Arlington, Virginia-based MyPublicInfo, Inc. (”MPI”), a privately held provider of online consumer identity and public records management products and services.
MPI offers a suite of non-credit related consumer identity and public records management solutions for the $1 billion Consumer Identity Management market. MPI’s product line consists of online applications for identity theft risk assessment, prevention, monitoring and recovery services comprehensive identity and criminal background screening and monitoring services. MPI’s Public Information Profile (”PIP”) product has been packaged with major financial and other software applications and has garnered extensive press and partnership interest.
Identity Management and the MPI Public Information Profile Identity fraud is a large and rapidly growing problem. More than nine million Americans were victims of identity fraud over a recent 12-month period, according to Javelin Strategy and Research. While identity fraud is most typically associated with credit fraud, 49% of all identity frauds were actually non-credit frauds; frauds that were not related to a consumer’s credit and could not be detected by conventional credit monitoring services, fraud alerts, and credit reports. MPI’s PIP product addresses this problem by providing consumers with the industry’s only online, non-credit, background self check product.
The PIP sifts through an extensive array of over 7000 public databases and 2 private ”super-aggregator” databases and assembles a consumer’s various records into a single comprehensive report. The PIP provides consumers with a single point of access to identify and manage potential identity theft or public record inaccuracies across the full range of their public records databases. These public databases include Federal, State and County records, financial records such as bankruptcies, liens and judgments, property ownership records, government-issued and other licenses, law enforcement records of felony and misdemeanor convictions, and UCC records. In addition to their current product and service lines, MPI’s proprietary, patent-pending, identity information search and data distillation technologies have broad potential applications in identity screening, identity theft and identity monitoring. Businesses and government agencies can use these applications for employee background screening and monitoring, identity-related alert services, and packaged identity theft prevention, recovery and insurance services.
Ian Scott-Dunne, Chairman of BrightStar, explained, ”MPI is truly at the forefront of the Consumer Identity Management market and is offering and developing identity management solutions that will have enormous positive impact on the lives of millions of people. MPI’s considerable lead in the Identity Management space will be further enhanced by this acquisition. It also provides MPI with an accelerated path to market for an extensive pipeline of products and services that will enable consumers to take control of their identity and allow businesses to incorporate valuable identity management solutions into both their internal processes and client offerings.”
MyPublicInfo, Inc. (MPI) was founded in Arlington, Virginia, in 2004 and is a provider of consumer identity and public records management services. MPI sells a comprehensive consumer product line through www.IdentitySweep.com and www.MyPublicInfo.com, partner web sites, and other marketing channels.
BrightStar Information Technology Group, Inc. (OTCBB:BTSR), and its wholly-owned subsidiaries, provide software and software application engineering services for consumers, businesses and non-profit organizations. BrightStar subsidiaries include Neulogic, Inc., and MyPublicInfo, Inc. Neulogic (www.neulogic.com) is a provider of website hosting, content management and e-communications software and services for non-profit organizations.
To learn more about Neulogic, please visit: www.neulogic.com.
For more information about MyPublicInfo, Inc., please visit: www.mypublicinfo.com.