A weekly column profiling companies and personalities. This week: SC-integrity.
Who: Denis duNann, the chairman, founder and chief executive officer
Serial startups: DuNann has started four companies, all based in Bothell, including SC-integrity. His first company, Verifone, targeted credit-card fraud by creating card validation services. The second, SCAN, for Shared Check Authorization Network, targeted check fraud. The third is TheftNet, a service targeting employee theft.
Clear and present danger: His SC-integrity deals with cargo theft, which he estimates to be a $50 billion-a-year problem in the U.S. “Cargo theft is an extremely serious concern with shippers and manufactures,” he said. “One of those companies will be liable for the loss, or the insurance companies will be.”
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A link: All the companies duNann has founded address crime by creating a network to share information so that companies can be aware if a person, card or check is phony.
New cargo approach: He said the idea to track trucks using GPS, or global positioning systems, is not new. But often times, it fails because by the time authorities find the truck, the cargo is gone. SC-integrity puts the GPS tracking device in the goods, not the truck.
The system: The software monitors where the goods should be. If they wander too far, an alarm is triggered. Police have access to the Web interface to track down the merchandise.
The network: SC-integrity combines the information collected by its network of users to track criminal behavior. “The main goal is very consistent with my previous businesses,” he said. “There’s a shared intelligence database. The bad guys don’t hit up one company and go away.”
Customers: Williams-Sonoma, law-enforcement agencies and Yellow, the freight company. Companies can either lease or buy the rechargeable tracking devices.
The basics: The 10-person company was founded in March and funded by duNann and Mark Eppley, founder of Kirkland-based Laplink. The company expects to raise additional money in early 2006.
— Tricia Duryee