November 27, 2014 8:30 AM ET

Software

Company Overview of Digital Recognition Network, Inc.

Company Overview

Digital Recognition Network, Inc., an asset location company, provides license plate recognition technology solutions for automotive lenders, insurers, and recovery agents. It offers DRNWebRepo, a proprietary technology software solution; DRNAffiliate program; Web-based routing and reporting tools; and DRNDashView and DRNInteliRouting, which help to monitor efficiencies and results in a Web-based environment. The company provides Address Scoring, a solution that helps customers to drive portfolio returns. Digital Recognition Network, Inc. has strategic partnerships with American Recovery Association Inc., Recovery Management Incorporated, Dynamic, RDN, and Vigilant Video. The company was inc...

4100 International Plaza

Suite 2-B10

Fort Worth, TX 76109

United States

Founded in 2010

Phone:

817-877-0077

Fax:

817-877-5412

Key Executives for Digital Recognition Network, Inc.

Chief Executive Officer
President
Founder and Executive Chairman
Vice President of Finance
Director of Marketing
Compensation as of Fiscal Year 2014.

Digital Recognition Network, Inc. Key Developments

Digital Recognition Network Announces Executive Appointments

After a year of unprecedented growth, Digital Recognition Network (DRN) has expanded its executive ranks to meet new market opportunities. DRN announced a 50% growth in staff over last year and reports that new additions of key personnel are paying off in meeting the company's performance objectives. The Founder of DRN, Todd Hodnett returns to the company as Executive Chairman. In this role, Hodnett will focus on the overall strategy of the company with particular focus on continuing DRN's success in ensuring positive results around DRN's Legislative and Government affair initiatives. Additionally, to meet DRN's needs for new innovations, Hodnett is spearheading the company's efforts incubating new technologies and ecosystems on an international basis. Hodnett will also continue his role as the Chairman of DRN's Board of Directors. Alex Young joins DRN with a formidable background in the Insurance industry working for many of the leading risk and underwriting platform providers. In his role as Vice President of Risk Solutions, Young is building a new business unit for DRN focused on the insurance industry. DRN's ability to provide actionable insights for the insurance industry represents a significant addressable market. The insurance strategy provides for creating new, License Plate Recognition (LPR) based, analytics solutions as well as building out new channels of distribution. Young is currently building out the team and the partnerships to fast track DRN"s success in the insurance industry.

Digital Recognition Network Announces the Release of Address Scoring

Digital Recognition Network (DRN) announced the release of Address Scoring, a solution that helps customers drive portfolio returns. Address Scoring delivers actionable business intelligence that results in improved processes, better customer service and reduced costs. For a limited time, DRN is offering Address Scoring as a free trial to qualified clients. Address Scoring helps financial service companies achieve instant results to prevent fraud and recover debts. Insurance companies use the solution to investigate claims and detect insurance fraud. Once addresses are entered, Address Scoring accepts one or more given addresses and provides good and bad scores. A good score, means the address is likely good and a bad score indicates that the debtor may have moved or provided a fraudulent address.

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