Altegrity Kroll: Under Financial Pressure
October 30, 2014
Most of the name surfing search experts—like the fellow who sold my content on Amazon without my permission and used my name to boot—will not recall much about Engenium. That’s no big surprise. Altegrity Kroll owns the pioneering company in the value-added indexing business. Altegrity, as you may know, is the owner of the outfit that cleared Edward Snowden for US government work.
I read “Snowden Vetter Altegrity’s Loans Plunge: Distressed Debt”. In that article I learned:
Altegrity Inc., the security firm that vetted former intelligence contractor Edward Snowden, has about six months until it runs out of money as the loss of background-check contracts negate most of a July deal with lenders to extend maturities for five years.
The article reports that “selective default” looms for the company. With the lights flickering at a number of search and content processing firms, I hope that the Engenium technology survives. The system remains a leader in a segment which has a number of parvenus.
Stephen E Arnold, October 30, 2014
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