GlobalOptions Group (NASDAQ: GLOI), a leading provider of domestic and international risk mitigation and management services, today announced that its Fraud & SIU Services unit has signed a three-year contract with a major assurance corporation and its subsidiaries.
"We are pleased and proud to be selected to implement a comprehensive program to help and the Company and its subsidiaries manage and mitigate fraud," said Halsey Fischer, President of GlobalOptions Group's Fraud & SIU unit. "I am confident our team and proprietary technology will exceed our client's expectations in all aspects of this program."
GlobalOptions will use its enhanced GlobalTrakTM proprietary enterprise risk mitigation and management solution. It offers a full suite of risk management tools, including evidence processing and management and audio and video surveillance file management. It also provides client companies with contacts and status reports in real time, allowing more efficient internal management of assignments, evidence, and reporting.
"With this contract, GlobalOptions Fraud & SIU continues on its path of setting the industry standard for insurance companies that are seeking the most effective and successful program to minimize risk in the area of insurance fraud," said Dr. Harvey Schiller, Chairman and CEO of GlobalOptions Group.