PUR 7776.pdf

PUR 7776 (Revised 07/2022) Page 1 of 2 Incorporated by Reference: Rule 60A-1.045, F.A.C.

DESCRIPTION OF INTENDED

SINGLE SOURCE PURCHASE

(PUR 7776)

AGENCY: Florida Department of Commerce (Commerce)

TITLE: Socure, Inc.

Short description of the commodity or service desired: Identity verification and fraud prevention solutions.

CONTACT

Name: Kathryn Peterson, Procurement Officer Address: 107 E. Madison St., B-047 Caldwell Building, Tallahassee, FL 32399 Telephone: 850-245-7463 Email: FloridaCommerce.Purchasing@commerce.fl.gov

Internal tracking number, if any: 25-SS-005-KP

Date posted: February 25, 2025 @ 11:00 A.M., EST Last day for receipt of information:

March 18, 2025 @ 11:00 A.M., EST

This description of commodities or contractual services intended for purchase from a single source is posted in accordance with Sections 120.57(3) and 287.057(3), Florida Statutes (F.S.), and will remain posted for a period of at least 15 business days.

Commodity or Contractual Service Required (commodity or United National Standard Products and Services Code (UNSPSC), manufacturer, model, and description, as appropriate):

81121500 Economic Analysis 81121600 Monetary Systems & Issues 81112000 Data Services 84121500 Banking Institutions 81111806 Database Analysis Service 86141500 Educational Guidance Services 43231604 Financial Analysis Software

Quantity or Term (as appropriate):

36 months (March 2025 - March 2028).

Requestor (division, bureau, office, individual, as appropriate):

Division of Economic Development, Office of Small Business Innovation

PUR 7776 (Revised 07/2022) Page 2 of 2 Incorporated by Reference: Rule 60A-1.045, F.A.C.

Performance and/or Design Requirements (e.g. intended use, function or application, compatibility, requirements; reference to policy, rule, statute or other act of the Legislature, etc., as appropriate):

FloridaCommerce has identified a need to retain the Software as a Service (SaaS) Identifcation Application (ID+) and Application Programming Interference (API). SaaS ID+ API integrates into the Salesforce grants management system utilized by the Office of Small Business Innovation in the administration of state and federal capital programs and provides industry leading fraud prevention, identity verification, and Know Your Customer (KYC)/Anti-Money Laundering (AML) compliance.

Intended Single Source:

Socure, Inc.

885 Tahoe Blvd., Suite 11 Incline Village, Nevada 89451

Estimated Dollar Amount:

$780,000 = $260,000.00/Year x 3 Years

Justification for single source acquisition (what is necessary and unique about the product, service or source; steps taken to confirm unavailability of competition, as appropriate):

SaaS ID+ API integrates with Commerce's existing Salesforce grants management system for fraud prevention and identity verification.

Socure, Inc. is the proprietary software developer of the SaaS ID+ API.

Approved By (names & titles, as appropriate, e.g., requestor, requestor management, information systems, budget, purchasing):

Brylee Tew, Administrative Assistant II Mason Alford, Director Jason Mahon, Deputy Secretary Adam Callaway, Chief of Staff Kathryn Peterson, GOC III Andrew Collins, Purchasing Director

Prospective vendors are requested to provide information regarding their ability to supply the commodities or contractual services described. If it is determined in writing by the agency, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, the agency shall provide notice of its intended decision to enter a single-source purchase contract in the manner specified in Rule 60A- 1.045, Florida Administrative Code, and section 120.57(3), F.S.