Veriato
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 1998 |
| Headquarters | West Palm Beach , United States |
Area served | Enterprise clients |
| Products | User behavior analytics software, employee monitoring software |
Veriato, Inc., previously known as SpectorSoft, is a company that develops software focused on user behavior analytics and employee monitoring software. Its corporate headquarters are located in West Palm Beach, Florida, United States.
History
Established in 1998, Veriato was among the pioneers in the field of internet monitoring software. In 2008, majority ownership was acquired by private equity firms Harbourvest Partners and WestView Capital Partners. Initially catering to both consumer and business sectors, the company withdrew from the consumer market entirely by 2015 to concentrate solely on enterprise clients.
By 2011, Veriato had expanded its presence with offices in West Palm Beach and London. The acquisition of Corner Bowl Software’s assets in 2012 strengthened its server monitoring technology. In 2016, the company underwent rebranding from SpectorSoft to Veriato to better reflect its increasing focus on insider risk management solutions for corporations.
On June 12, 2019, Awareness Technologies acquired Veriato. Later, on December 7, 2020, Awareness Technologies itself was purchased by TZP Group, a private equity firm specializing in multi-strategy investments.
Patent Infringement case
The legal dispute Helios Software LLC et al. v. SpectorSoft Corporation ended with significant decisions favoring SpectorSoft. In September 2014, the court issued a summary judgment ruling that there was no infringement concerning the ‘571 and ‘237 Patents. Following a five-day trial in June 2015, a jury determined that SpectorSoft neither directly nor indirectly infringed upon the ‘304 Patent and invalidated several claims of this patent based on prior art.