ClearStar Inc (ISE:CLSU)

ClearStar Inc (ISE:CLSU)


Share Price
57.00 p
Change
0.5 (0.89 %)
Market Cap
£20.73 m
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ClearStar Inc

ClearStar, Inc. is a leading and trusted provider of background check and drug screening services that provide employers with reliable decision-making information. Our mission is to provide employers of all sizes with intuitive systems, cutting-edge tools, and comprehensive reports that employers across the globe can use to affirm their decision to confidently welcome individuals to their team.

EPIC: CLSU
Market: ISE:CLSU
52-week High/Low: 86.000p / 50.220p
Sector: Software & Computer Services
Market Cap: £20.73 m
Website: www.clearstar.net
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Big Picture – A Deep Dive Examination of ClearStar Inc


ClearStar Inc Snapshot

ClearStar is a technology and service provider to the background check industry, supporting background screening companies, employers and employees with their recruitment and employment application decisions. ClearStar provides employment intelligence to its clients through a suite of IT applications for day-to-day use in their business. Employment intelligence aims to improve business insight to support better recruitment and other decisions affecting employees generally, by increasing the quality, reliability and visibility of information available to management.

The IT suite consists of a collection of applications that utilise data from over 3,000 sources ranging from résumés to records with local authorities. ClearStar’s primary business involves searching the relevant source of data for specific employment intelligence information based on clients’ bespoke requirements for its employment applicants. ClearStar extracts the required input and this information is then processed, allowing the client to make a swift decision in respect of the relevant applicant, thereby minimising bottlenecks in the hiring process.

Background Screening Solutions That Work

We provide employers across the globe the tools they need to quickly, easily, and confidently welcome new individuals to their team. We focus on making the process convenient and secure and the results comprehensive and compliant. When you combine the latest technology with exceptional client service, you get solutions that work hard to help your business succeed.

user 66x74 - Candidate Care

Candidate Care

We believe that treating candidates right is just as important as finding the right candidate. It’s natural for them to feel a little intimidated by the amount of information that is required to conduct a thorough background check. We recognize that, and make a special point of treating each candidate with the level of respect, courtesy, and care that you would want to be reflected by your brand.

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arrows 78x64 - Fast. Easy. Comprehensive.

Fast. Easy. Comprehensive.

In today’s competitive job market, you have to be able to act fast when it comes to securing the best talent. Just as important, making well-informed decisions ensure that you are hiring the right people. We can help by streamlining the background screening process through integrations with our technology, which promote Fair Credit Reporting Act compliance and comprehensive information handling.

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Mobile

In today’s increasingly mobile-dominant world, interacting with candidates through their smartphones just makes sense. Our innovative background check solutions meet candidates where they are and when it’s convenient. By utilizing mobile options, background screening information can be submitted and retrieved much more quickly and easily.

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Group 146 74x74 - Global Reach

Global Reach

A global economy demands a global background screening process. ClearStar’s global screening capability is the most progressive and expansive background screening service available. FFrom our suppliers’ offices around the world to a comprehensive analysis of privacy regulations in the countries we serve, you’re in the know with ClearStar.

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Group 145 46x74 - Security

Security

Our team of background check and drug screening experts is serious about keeping your applicant’s data safe and secure. This is where some technology providers tend to cut corners, but not us. All of our solutions include military-grade protection, undergo third-party vulnerability testing, and are monitored for availability.

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Group 177 66x74 - Client Service

Client Service

Our clients are our partners, and we support them with the level of service expected within their organizations.

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Robert J. Vale, Jr., CEO

Robert J. Vale, Jr., CEO

Robert “Bob” Vale, Chief Executive Officer, founded ClearStar in partnership with Ken Dawson and William White. He is actively involved in developing business strategy and meeting with clients and business partners to discuss the direction of the background screening industry.

Before forming ClearStar, Bob was the Manager of Loss Prevention Technical Support for United Parcel Service (UPS).

As a founding member of the National Association of Professional Background Screeners (NAPBS), Bob is often called upon to deliver keynote presentations on the subject of large-scale systems management, technology trends, and personal information security.


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Kenneth W. Dawson, Jr., CIO/CISO, CISSP®

Kenneth W. Dawson, Jr., CIO/CISO, CISSP®

Kenneth “Ken” Dawson is a founding member of ClearStar and currently serves as its Chief Information Officer. Ken is responsible for evaluating, designing, and implementing background check technology solutions that combine information from disparate information sources in varied data formats.

Before forming ClearStar, Ken developed enterprise systems for United Parcel Service (UPS) and Kaiser Permanente. Ken began his career in software development and content delivery in 1990 while working as an intern for Conatec, Inc., an aerospace engineering firm.


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David Pattillo, CFO

David Pattillo, CFO

David Pattillo leads all areas of finance and accounting for the company including financial planning, forecasting, and accessing capital to fund growth. Additionally, he is responsible for establishing and maintaining the accounting controls and processes to mitigate financial risk and ensure timely financial reporting.

David has an accomplished career in helping guide companies through high-growth expansion. Before joining ClearStar, David was CFO of MyCelx Technologies, which he led through an IPO on AIM market (London Stock Exchange). Before that, he was CFO of Harry’s Farmers Market, a company he helped guide from start-up to an IPO on NASDAQ. David is currently a non-executive director of Endava Limited, an UK-based, privately-owned IT services company.

David holds a Bachelor of Science degree from Clemson University and an MBA from the University of Georgia.


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Traci Ivester,  COO

Traci Ivester, COO

Traci Ivester directs the daily operations of ClearStar with oversight of the compliance and order fulfillment teams. Traci has significant experience with the product and service needs of major employers, and large and small consumer reporting agencies. She led the ClearStar team to achieve National Association of Professional Background Screener’s (NAPBS) Accreditation in 2013, and is also a founding member of NAPBS.

Before joining the ClearStar team, Traci was a founding partner and served as Vice President of global employment screening firm Vereda, Inc., a firm she took from start-up to a successful industry leader. Traci holds a BA in Justice Studies.


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Nicolas Dufour, EVP and General Counsel, Corporate Secretary

Nicolas Dufour, EVP and General Counsel, Corporate Secretary

Nicolas Dufour advises ClearStar’s management team on all legal matters, issues, and risks impacting the organization. He provides legal guidance, legal management, and operating standards related to business; state and federal laws; regulatory; and legal strategic matters.

Nicolas has more than two decades of legal practice experience and twelve years of experience in the background check industry. Before joining ClearStar, he was Chief Regulatory Counsel at First Advantage Corporation, where he oversaw litigation matters and regulatory enforcement investigations related to privacy and data security issues.


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Todd Shoulberg, EVP, Medical Information Services

Todd Shoulberg, EVP, Medical Information Services

Todd Shoulberg provides direction and leadership to the daily operations of ClearStar’s Medical Review Office. He is responsible for keeping all drug testing clients in compliance with state, federal, and local regulations, and identifies new testing methods and products for clients to utilize in their drug testing programs.

Before joining ClearStar, Todd served as Vice President of Florida Drug Screening, Inc., where he oversaw operations of the Medical Review Office, including Sales, Marketing, and Customer Service.


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Andy Hellman, Managing Director, International and Strategic Initiatives

Andy Hellman, Managing Director, International and Strategic Initiatives

Andy Hellman drives the growth of ClearStar’s global (non-U.S.) business segment as well as specific strategic initiatives. This includes leading platform and product development as well as operational and compliance support.

Andy brings over two decades of experience to this role in organizations ranging from venture-backed startups to Fortune 100s, including over a decade in background screening. Prior roles include running the business analytics team for ChoicePoint and the global screening business for LexisNexis. Andy has a BA in International Economics and Leadership Studies and an MBA in Finance and Entrepreneurship. He also holds CIPP/E and CIPM certifications, as well as the Fellow of Information Privacy (FIP).


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Major Shareholders

The total issued and outstanding number of shares is 36, 302, 900. The following hold 3% or more of the ordinary share capital of ClearStar:

Shareholder Number of Ordinary Shares Percentage of Issued Ordinary Share Capital
Robert Vale* 11, 306, 000 31.14%
Hargreave Hale Limited 4, 837, 203 13.32%
Ken Dawson 4, 288, 000 11.81%
William White** 3, 806, 500 10.49%
River & Mercantile Group 3, 587, 500 9.88%
Artemis Investment Management LLP 1, 754, 000 4.83%
David Pattillo 1, 303, 900 3.59%
Paul Hill 1, 161, 617 3.20%

*The interests of Robert Vale include 1, 696, 000 Ordinary Shares held by The Vale Family Trust
**The interests of William White include 1, 320, 000 Ordinary Shares held by his wife

Last update: 28/07/2017

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as to English law

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Reporting Accountants

Baker Tilly Corporate Finance LLP
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London EC4A 4AB
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Auditors

Aprio
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Financial PR

Luther Pendragon
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London EC3V 0EJ
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Registrar

Capita Registrars (Guernsey) Limited
Mont Crevelt House
Bulwer Avenue
St Sampson
Guernsey GY2 4LH

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