Verato, Inc.

Verato, Inc., doing business as Araxid Fairfax Co, is a McLean, Virginia-based for-profit organization providing tri-merge credit reporting, single credit reports, and identity verification services to federal agencies as a prime contractor under small business set-asides and full-and-open competition. The company operates Araxid, Inc., a self-certified small disadvantaged business subsidiary, and competes across 961 recent federal contract awards spanning 23 customer agencies, with a combined potential value of $543.8 million and $110.8 million in obligated dollars.

Verato's capability portfolio centers on credit reporting and identity verification services for personnel security determinations, background investigations, employment screening, debt collection support, and financial litigation. Representative work includes a $5.96 million total small business set-aside delivery order from the Defense Counterintelligence and Security Agency for single credit reports (awarded May 2024), a $1.49 million firm fixed price BPA call from the U.S. Coast Guard for tri-merged credit reporting supporting the Coast Guard Receivables Center (October 2025), a $1.1 million BPA call from the Transportation Security Administration for credit reports and court records checks (September 2025), and a $857 thousand BPA call from Customs and Border Protection for credit reporting (September 2025).

Customer concentration is extreme and tilted toward the Department of Justice. The Department of Justice's U.S. Attorney's Offices account for 865 awards (90% of the recent portfolio by count) with a modest $964 thousand combined potential value — a pattern of high-frequency, low-dollar task orders issued against standing BPAs. By potential value, however, the Defense Counterintelligence and Security Agency dominates, accounting for 26 awards worth $502.5 million (92% of the combined potential-value base). The next four customers—Immigration and Customs Enforcement ($11.7 million), Office of Personnel Management ($9.6 million), GSA Federal Acquisition Service ($6 million), and DOJ Bureau of Prisons ($3 million)—together represent less than 5% of the portfolio's dollar value.

Verato holds two active primary-vehicle positions anchoring this work. A single-award BPA with the Department of Homeland Security (awarded August 2025, GSA Multiple Award Schedule, $11.3 million, total small business set-aside, through August 2030) provides credit reporting services across all DHS components. A single-award BPA with the DOJ Central Office (awarded April 2024, GSA Multiple Award Schedule, $1 million, total small business set-aside, through July 2026) supplies tri-merge credit reporting for employment screening and background investigations across DOJ components. Beyond these, Verato places work under two large-volume older BPAs: BPA 15JA0521A00000141 (467 task orders, $428 thousand combined potential value) and indefinite delivery contract DJJ16PEOA020188 (390 task orders, $892 thousand combined potential value). The company also holds positions on the GSA Multiple Award Schedule (88 task orders, $196.2 million combined potential value) and The Professional Services Schedule (28 task orders, $93.7 million combined potential value), enabling broad federal access to credit reporting capabilities.

Activity has remained flat to modestly declining across recent years—109 awards in 2022, declining to 96 in 2025, with only 7 awards recorded in 2026 through mid-June. Ninety-four awards valued at $2.1 million combined reach ultimate completion inside the next twenty-four months, creating recompete exposure and opportunity for competitors on standing DOJ and DHS vehicles. Verato's federal contracting footprint is 100% prime; the source reports zero subcontract activity and zero named subcontractors, indicating the company builds its own delivery teams and does not operate as a sub-supplier to other primes.

SCI-reported invoicing data shows $19 million in FY2022 across service contracts above the $150,000 reporting threshold, with zero FTEs reported across all three fiscal years in the source (FY2022–FY2024). This absence of FTE reporting is consistent with a business model centered on credit bureau data access and reporting—labor-light commodity services that do not require large dedicated staff pools. SCI coverage is limited and predates the recent activity surge, so these figures are not representative of current operations.

The source describes Verato as maintaining "substantial federal contracting relationships" and "significant indefinite delivery vehicles" but does not specify subsidiary strategy beyond Araxid's small disadvantaged business certification. Verato competes under small business set-asides where available (notably on DCSA, DOJ, and DHS vehicles) and full-and-open on larger GSA Schedule work. The vendor's portfolio is narrow and specialized: 887 of 961 awards fall under NAICS 561450 (Credit Bureaus), with the remaining 71 under Other Accounting Services and isolated work in court reporting and operations research. This high concentration in credit reporting and identity verification reflects a single-product enterprise with sustained customer relationships across law enforcement, human resources, and security clearance processing functions.