CINCINNATI, OH- Recovery Decision Science, LLC (RDS) has acquired the assets and technology of Geist Holdings, Inc. (Geist), a skip-trace processing organization that applies proprietary data mining and quantitative analytics to deliver an unparalleled service to the Search for account holders to provide employment.
This acquisition enhances and complements the services RDS already offers by providing additional options for identifying employment on consumer accounts. RDS, a Unifund subsidiary that leverages data science, service transparency and compliance to optimize consumer credit account collection outcomes, will continue to offer its enhanced services through Lexis Nexis while expanding RDS’ capabilities, services and data processing.
“Recovery Decision Science is excited to work more closely with the team behind Geist and enhance our state-of-the-art data verification services,” said Andrew Hagerman, Unifund’s vice president of acquisitions. “Unifund and Geist began their relationship in 2007 and RDS has been working with Geist since 2010. Together, Unifund and RDS were Geist’s largest customer. This acquisition allows our team to leverage its technology, people and resources to expand our unique automated search processes.”
History built on partnership
Formerly headquartered in Evansville, IN, Geist grew his business to finding workplace information when all other businesses were failing. Geist used automation, broad data sources, information on the right parties, verified active employment and continuous monitoring services to form the “GHI Advantage”.
A new chapter
The team behind Geist has been integrated into RDS. RDS’ state-of-the-art IT department and extensive resources will enhance Geist’s services. RDS will integrate Geist’s established proprietary automation processes, which use online data collection techniques to enable a much deeper search than manual skip tracers, and will perform exponentially more search variations with increased speed and accuracy. Leveraging RDS’ acquired talent, technology and resources, RDS will now offer enhanced services and data processing.
The new members of the RDS team will initially work on researching additional verified asset solutions. RDS will combine the datasets from both companies to form an unmatched database for the team to operate.
Advanced legal advice
The acquisition also helps improve all facets of RDS’ services. RDS was born out of a love for data. RDS applies machine learning to its account analytics models to locate consumers most likely to pay and determine if and how much they will pay. With the new skills, knowledge base and processes acquired in this transaction, RDS will enhance and expand its master service options for customers.
RDS offers a customizable, full-service solution for creditors to manage their claims – including account adjudication, outreach, collections portal, legal account assessment, pre-trial collection strategies, litigation, judgment enforcement and RDS’ world-class asset tracking. RDS leverages its transparent, client-accessible reporting platform and valuable insights gained through years of analyzing the performance of its subsidiaries’ debt portfolios to become the perfect partner.
The extended RDS team believes in delivering only reliable, timely and actionable data that brings clients the highest possible revenue. To purchase RDS’ enhanced services or to learn more about Recovery Decision Science, visit the company’s website at recoverydecisionscience.com.
About spirit
Geist served the collections industry with a commitment to data quality, innovation and regulatory compliance. Geist automated the internet skip tracing process and used the automation to perform a much deeper search across a broader range of data sources. It provided additional sources of employment location information not available at any other company.
About Recovery Decision Science
Recovery Decision Science (RDS) is based on the idea of providing consumer receivables portfolio owners and service providers with proven data analysis and scoring science to improve collection and recovery success. Its proprietary blend of analytics tools pinpoints accounts most prone to pay. RDS has honed its approach to data science through 30 years of experience recovering thousands of account portfolios with affiliate Unifund. RDS is headquartered in Cincinnati.
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