Red Violet Inc: Jumps as unit enters JV

Red Violet

09/04/2018 17:16

** Software service provider's shares  RDVT.O  up 16.6 pct
at $9.19 
    ** Company's unit enters JV with privately held Innovative
Enterprises
    ** Partnership will allow both cos to develop advanced
identity verification, fraud prevention and risk mitigation
solutions for the background screening industry  urn:newsml:reuters.com:*:nBw1lg2DKa
    ** RDVT was spun off from Cogint Inc  COGT.O , a digital
marketing service provider in March  urn:newsml:reuters.com:*:nGNX4q7ljy 
    ** Red Violet shares have more than halved in value since
the spin-off

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))