JACKSONVILLE, FL--(Marketwire - Sep 24, 2012) - Wymoo International, a professional private investigation and international background check company, reported today the company has received a steady rise in company verification and due diligence requests. Wymoo conducts a full range of international investigation services, and management says the rise in demand reflects that both consumers and companies are concerned about the risk for fraud and scams when dealing with unknown companies and representatives.
The U.S. and European economies continue to struggle, and individuals and businesses around the world are looking abroad for opportunities. Businesses in the U.K., Australia, Canada and the U.S. are reaching out to companies in India and China for opportunities, whether for outsourcing, suppliers or other investments. Eastern Europe, West Africa and Latin America are also seeing more interest from investors. These deals carry an increased risk, and more individual and business clients are reaching out to Wymoo to verify.
Company verification services help clients reduce risk for business fraud and scams. Individuals and businesses typically learn about a foreign company or investment via the internet, and without having an experienced local investigator, it can be very difficult to verify. Given the high risk for fraud and misrepresentation of facts, the steady growth of company verification and due diligence is supporting company growth. Management expects a 15% growth rate for 2012 and sees significant opportunity going forward.
Management explains that company verification services are a form of insurance essential to international business. "Most clients are skeptical and do their own research, and check references. Some of the same clients are surprised when we uncover evidence confirming the company does not exist, and there is an empty lot where the office should be," said David Wilkerson, Vice President and COO. "We also see many cases where a criminal assumes the identity of an actual business, so it's important to verify." International investigators with offices or investigators on the ground can verify company registration, ownership, check reputation and assets, verify offices and facilities, and screen for fraud.
About Wymoo International
Wymoo International, LLC is a leader in professional investigations and discreet background check services. The company specializes in verifying individuals and organizations in over 100 countries. The U.S.-based firm offers private investigations, background checks, surveillance and asset searches, and also helps clients reduce the risk from dating scams and fraud. Wymoo® is verified by McAfee, the U.S. Better Business Bureau and Truste.