HireRight (Nasdaq: HIRE; USIS) Irvine, CA “DCM is a true long-term investment partner. They have actively provided assistance and guidance to HireRight on multiple fronts — including financing, strategy, hiring and significantly the IPO process itself — over a period of five years. I recommend DCM to any entrepreneur.” - Eric Boden, CEO, HireRight

HireRight (Nasdaq: HIRE; USIS) is a leading provider of web-based employment screening services. The company’s background verification, drug screening and assessment tools enable organizations worldwide to safely and securely identify the best candidates. On August 8, 2007, HireRight, Inc. (Nasdaq: HIRE; USIS), successfully completed its initial public offering, raising over $65 million.

DCM first invested in HireRight in February 2003 after Tom Blaisdell was introduced to the deal by a fellow board member from another portfolio company. Although not on the board at the time of DCM’s initial investment, Tom Blaisdell was later invited to take a board seat, in recognition of his contribution as a trusted company advisor. Tom has been an active member of the board of directors ever since, working on various strategic issues, serving on the Audit and Nominating committees prior to the company’s IPO and continuing to serve on the board post the IPO. As with every DCM deal, HireRight was a team effort, with assistance being provided by nearly all members of the team throughout the company’s life in areas including financing, hiring and business development, both in the U.S. and internationally.

HireRight represents a successful execution of DCM’s investment thesis around the commoditization of technology, creating new opportunities in technology-enabled services. By applying a technology platform-centric approach to a traditionally low technology business service (background screening), HireRight was able to grow quickly and establish itself as one of the premier players in this fragmented market space.