iNew York, NY — January 29, 2025 — Odin, the leading platform for workforce visibility and compliance, proudly announces its acquisition of Verfico Technology, the premier provider of wage assurance and compliance solutions. This merger cements Odin’s position as the construction industry’s foremost authority on compliance and paves the way for the launch of Odin 3.0, the first true end-to-end worker-level compliance platform.

The integration of Verfico’s advanced wage assurance capabilities with Odin’s proven technology establishes a new standard in workforce compliance, empowering the construction industry to tackle its most complex regulatory challenges. Designed for high-growth sectors like data centers, critical infrastructure, and affordable housing, Odin 3.0 enables project owners, general contractors, and subcontractors to seamlessly manage workforce compliance, credentialing, and wage assurance in one powerful platform.

The Power of Integration: Revolutionizing Compliance

Odin 3.0 brings together the best of both companies to deliver a comprehensive suite of tools that address the industry’s most pressing compliance needs:

• Streamlined Worker Onboarding and Credential Management: Reduce onboarding time by 50% with multilingual pre-arrival workflows and automated credential tracking.
• Real-Time Workforce Visibility and Site Access Control: Monitor site activity and control access to ensure only compliant workers are present on-site.
• Safety and Incident Reporting Capabilities: Automate safety compliance tracking and generate detailed incident reports to meet regulatory requirements and enhance on-site risk management.
• Integrated Wage Assurance: Protect companies from wage theft litigation by ensuring payroll accuracy and ethical labor practices with real-time wage reconciliation.

“The acquisition of Verfico marks a pivotal step in our mission to redefine workforce compliance,” said Doug Carney, CEO of Odin. “With Odin 3.0, we’re delivering a powerful solution that combines advanced technology with unmatched expertise, helping our clients navigate complex regulatory landscapes while building safer, more efficient projects.”

Matt DeSarno, CEO of Verfico, also expressed his enthusiasm for the partnership: “I am excited to work with the Odin team to leverage our combined expertise in security, technology and compliance, driving innovation that benefits our clients and sets a new standard for the construction industry.”

‍

A Strategic Vision for the Future

With $1.2 trillion in federal investments from initiatives like the Infrastructure Investment and Jobs Act (IIJA) and CHIPS Act, the construction industry faces unprecedented regulatory complexity. Odin 3.0 positions the company as a trusted partner in navigating these challenges, delivering tools tailored to meet the demands of data centers, critical infrastructure, and affordable housing projects.

“Our focus on integrating Verfico’s technology reflects Odin’s commitment to leading the industry,” added Carney. “This partnership allows us to deliver the transparency, efficiency, and control that our clients need to succeed in this highly competitive environment.”

Press Contact:

Deb Michaels

deb@useodin.com

(214) 534-6435