HireRight Files For IPO

Irvine-based HireRight has filed for an IPO, saying in an SEC filing Monday morning that it is looking to raise up to $86.25M in an initial public offering on the NASDAQ Global Market. HireRight provides web-based software for managing employment screening programs. The IPO is being underwritten by Credit Suisse, Robert W. Baird & Co., CIBC World Markets, Piper Jaffray, and William Blair & Company. HireRight is venture backed by Baird Venture Partners, DCM, Mellon Ventures, and St. Paul Venture Capital, among others.