GlobalOptions Completes SIU Compliance Solutions Acquisition

GlobalOptions has completed the acquisition of SIU Compliance Solutions. The Florida-based company specializes in providing contract SIU programs and anti-fraud compliance services to the insurance industry.

PRESS RELEASE

GlobalOptions announced that it has completed the transaction to acquire substantially all of the assets of SIU Compliance Solutions, a Florida based Corporation which specializes in providing contract SIU programs and anti-fraud compliance services to the Insurance Industry on a national level.

“We are pleased to have completed this transaction,” said Frank Pinder, President and CEO of GlobalOptions. “This is the first step in a broader strategy to create value for our customers and shareholders by bringing companies who have exhibited operational excellence, sound financial management, and a wealth of knowledge into the GlobalOptions family. By combining the fraud compliance services provided by SIU Compliance Solutions with GlobalOptions’ extensive reach and capabilities in SIU and Fraud Investigations, we will further strengthen the turnkey SIU solutions we provide our customers. Many of the SIU Compliance Solutions customers have already begun the process of converting to the GlobalTrak™ technology platform, creating a streamlined investigation referral process, and robust reporting, including GlobalROI™, which allows customers to calculate savings as associated with their fraud fighting efforts.”

The strategic acquisition of SIU Compliance Solutions further solidifies GlobalOptions status as a leading provider of SIU, Surveillance and claims investigation services. It also expands the company’s established presence in the state of Florida where its national headquarters are based. GlobalOptions has integrated the SIU regulatory compliance staff and customer service teams of SIU Compliance Solutions into its Major Accounts and SIU teams in Orlando, FL.

“I am extremely pleased with this merger as it will provide SIU Compliance Solutions’ clients and staff with access to an array of fraud fighting resources and cutting edge technology,” said Jack Scott, President of SIU Compliance Solutions. “Global Options has successfully blended the experience of seasoned SIU investigators, anti-fraud program requirements and practices with cutting edge technology. The result is an extremely compliant and cost effective Anti-Fraud program propelled by GlobalTrak.”

About SIU Compliance Solutions

SIU Compliance Solutions is a Florida based Corporation which specializes in providing Anti-Fraud consulting services to the Insurance Industry nationally. SIU Compliance Solutions compliance staff has in excess of 13 years experience with all state insurance regulations. SIU Compliance Solutions provides a full range of services including Anti-Fraud Plan, annual reports, training and referrals which meet or exceed regulators requirements.

About GlobalOptions

GlobalOptions, Inc., headquartered in Orlando, FL, with regional offices in Chicago, Philadelphia, and Sacramento is the national leader in providing outsource SIU solutions and a wide variety of investigative products and services to insurance carriers, self-insured corporations, and third-party administrators. GlobalOptions provides quality field investigations, instantaneous access to public records, comprehensive SIU programs, strategic anti-fraud planning, innovative educational courses, integrated Internet-based technologies and investigative consulting services.

SOURCE: GlobalOptions, Inc.