LOS ANGELES, April 6, 2009 (GLOBE NEWSWIRE) -- Corra Group has ramped up its services to meet the growing needs of private equity groups, hedge funds, and other financial investors. With the economy so volatile, the Corra Group background screening and business research service has had numerous requests from a variety of financial concerns.
"Private Equity groups and financial investors are in need of multiple services," said Gordon Basichis, Co-Founder. "Much of it is due to the corporate restructuring taking place as a result of this economic downturn. In order to shore up their investments, financial entities must manage working capital and initiate cost containment priorities.
"Investors are recruiting new employees to oversee the restructuring of a variety of companies, large and small. They are conducting extensive business research to assess potential business relationships, partnerships and ventures. With the economy undergoing dramatic changes, investors rely on background checks for new hires and for businesses as well."
"Businesses are experiencing any number of difficulties," offered Nick Gustavson, Corra Group's other Co-Founder. "When you are trying to retrieve business credit reports on other companies, your information has to be current. Corra Group can provide freshly created business credit reports on millions of companies throughout the United States and around the world."
Both founders agreed that the volatile economic climate subsequent to the recession has put increased demands on every company. Private equity concerns and hedge funds must protect the investments they made largely through mergers and acquisition. Without the right hires in their work force, and without the proper information, a successful company can be ailing one day and out of business the next.
"It is a matter of anticipating the changes and navigating the speed bumps," added Basichis. "It is just so crazy out there, you had better stay informed. You have to manage working capital and follow viable cost containment procedures. This all helps you seize opportunities as they present themselves. That's how you survive a recession."
About us: Corra operates as Corra Group and specializes in pre-employment background checks, business research, and corporate investigation. Corra Group services companies throughout the United States and around the world. It is one of the few companies that will answer the phone. View us at www.corragroup.com