Inventure Enterprises, a company that specializes in streamlining background checks and other business processes, has moved into East Lansing’s Technology and Innovation Center (TIC).
“They offer a lot of services here (in the TIC), says Robert Fulk, president of Inventure Enterprises. “The whole idea is to have a big support system to get businesses in here.”
Inventure Enterprises is slated to occupy the TIC space formally used by Enliven, which recently moved out on its own, but that spot could change due to the shuffling of other TIC businesses.
Inventure Enterprises doesn’t conduct background checks, but it enables organizations that do, such as school districts and government, to electronically access multiple databases — state police records, FBI records and state and federal data — to cross check potential employees. It also helps these entities comply with state and federal legislative mandates.
The company also streamlines other business processes. Fulk says they’re working on a new core system he projects will increase business. Fulk is working on obtaining a $12 million contract with the U.S. Department of Homeland Security.
Fulk estimates that Inventure will be in 10 to 15 states within the next 15 months. He also expects to see a revenue stream of $5 million in 2010.
“We’re looking at rapidly expanding now,” he says, adding that this expansion will likely include 10-20 new employees.
Source: Robert Fulk, Inventure Enterprises
Ivy Hughes is the managing editor of Capital Gains and can be reached here.
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