Naveen Jain

Bellevue-based Intelius, an online identity company that specializes in background checks of individuals, may consider going public next year if there’s an appetite among investors.

“We will consider an IPO if the markets are open,” Jain told GeekWire today. “We feel good about where we are, and feel confident about our future.” The company — which reported net income of $12.1 million on revenues of $122 million in 2008 — canceled plans for an IPO last October after filing to raise as much as $143 million.

Bloomberg News reported today that Intelius would use proceeds from an IPO for acquisitions. Revenue last year was $150 million, including proceeds from the company’s Talentwise business.

Intelius was founded in 2003 by Jain and other former executives of Bellevue Internet search company InfoSpace. Last year, the company settled a dispute with  Washington Attorney General Rob McKenna involving allegations of deceptive marketing tactics. As part of the agreement, Intelius agreed to pay $1.3 million.

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Comments

  • Grady

    Great. Given its track record with consumers, I can see a lot of investors wanting to trust Intelius their money .

  • Joe the Coder

    In the immortal words of Monty Python, “Run Away! Run Away!”

  • Joe the Coder

    In the immortal words of Monty Python, “Run Away! Run Away!”

  • http://marselluswallace.myopenid.com/ Marsellus Wallace

    Let’s be honest, the earlier IPO was not canceled do to
    market conditions; it was canceled because the SEC never granted it “effective”
    status because every Attorney General and the FTC was investigation Intelius
    for their fraudulent “post transaction” activity.  This reporter needs to do more investigative
    reporting and less PR happy hour mingling.

    • Zippysmugdust

      Bwahahaha!  No doubt there.  A little less carrying of Barton’s bag and a bit more diggy Johnny Boy.

    • Zippysmugdust

      Bwahahaha!  No doubt there.  A little less carrying of Barton’s bag and a bit more diggy Johnny Boy.

  • http://marselluswallace.myopenid.com/ Marsellus Wallace

    Let’s be honest, the earlier IPO was not canceled do to
    market conditions; it was canceled because the SEC never granted it “effective”
    status because every Attorney General and the FTC was investigation Intelius
    for their fraudulent “post transaction” activity.  This reporter needs to do more investigative
    reporting and less PR happy hour mingling.

  • chewy

    Jain = Scammer, Fraud, huckster… you name it, this guy is it.

  • Zippysmugdust

    John, why play this one straight?  Everyone knows that Naveen has more bends in his crook than a small intestine.

  • Zippysmugdust

    John, why play this one straight?  Everyone knows that Naveen has more bends in his crook than a small intestine.

  • Bob

    Naveen Jain? Get real. This worthless scammer should be in the slammer, rotting away for the rest of his days.

    IPO? Yeah, right… That’s hilarious.;

  • Hugh Scott Shashy

    Intelius is conducting deceptive business practices. NetNewsNetwork.net, LLC, used Intelius’ site to conduct only one background check. Likewise, Intelius continued billing NetNewsNetwork.net, LLC on a continuing basis. Furthermore, in an attempt to cancel their unknown subscription to Intelius, Net News could not find the link on Intelius’ website to cancel. Furthermore, in all of Intelius’ emails to Net News, Intelius never included a “cancel subscription” link in their email correspondence. NetNewsNetwork.net believes, via its own experience as a customer of Intelius, that Intelius is involved in deceptive business practices so as to enhance its ‘bottom line’, in an effort to attract investor capital to go public. As a
    ‘customer’ of Intelius, their business growth model borders on fraud, in the opinion of NetNewsNetwork.net, LLC. Hugh Scott Shashy, Founder, & CEO, http://www.NetNewsNetwork.net 

  • Sharma Subhash

    Naveen Jain and his team have intellect to create new stuff. Lot of people are jealous. Grow up and start appreciating all team members that are in work at Intelius. Look in the future offering and services. By the way this is my observation. I do not work or in any way associated with this company.I am for the new technology development and creating jobs.
    Thanks

  • Derek

    This guy is good at stealing money online. I hope one day he’ll face justice.

  • MattBigBoy

    All the frauds and scams that his companies engage in will
    one they backfire, and we’ll read about his body floating around some river in
    Washington.

  • Thomas

    If Naveen Jain and his company Intelius goes public, I am afraid the history may repeat itself. Do you guys remember what happened with his ex company, Info Space: http://seattletimes.com/news/business/infospace/ The guy clearly has problems with following rules and staying on the path of law.

  • Babu

    This kind of behavior deserves to be condemned. If still in doubt take a close look at the Jain case , a timely advice for those dreaming of huge gains by investing in highly touted and promising companies.

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