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MIRA INFORM REPORT
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Report No. : |
493083 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
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Name : |
X1 DISCOVERY,
INC. |
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Registered Office : |
National Registered
Agents, Inc. (Registered Agent), 160 Greentree Dr Ste 101 Dover, Kent, DE
19904 |
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Country : |
United States |
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Date of Incorporation : |
2003 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject
provides search, eDiscovery, and social media investigation solutions for a
range of business uses and IT environments. |
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No. of Employees : |
23 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED
STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.
Imported oil accounts for nearly 55% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
X1 DISCOVERY, INC. |
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Trade Name: |
X1 |
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ID: |
5041400 |
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Date Created: |
2003 |
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Date Incorporated: |
9/21/2011 |
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Legal Address: |
NATIONAL REGISTERED
AGENTS, INC. (Registered Agent) 160 GREENTREE DR
STE 101 DOVER, Kent DE 19904 USA |
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Operative Address: |
130 W Union St Pasadena,
California 91103-3628 United States |
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Telephone: |
877.999.1347 |
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Fax: |
626.535.2701 |
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Legal Form: |
Corporation |
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Email: |
partners@x1.com |
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Registered in: |
DELAWARE |
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Website: |
www.x1.com |
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Contact: |
Todmund Cole, Chief
Executive Officer John Patzakis,
Executive Chairman of the Board |
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Staff: |
23 |
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Activity: |
NAICS 1: Custom
Computer Programming Services SIC 1: Computer
Software Development And Applications |
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BANKS: |
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The company does not make its
banking data public |
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HISTORY: |
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The company was founded in 2003 |
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Key Developments: |
X1 was founded as X1
Technologies, Inc. in 2003. X1 was named after the Bell X-1, the first
airplane to exceed the speed of sound. |
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PRINCIPAL ACTIVITY
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X1 Discovery, Inc.
is a small organization in the custom computer programming services industry located
in Pasadena, CA. |
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Products/Services description: |
X1 Discovery, Inc.
provides search, eDiscovery, and social media investigation solutions for a
range of business uses and IT environments. Its solutions include X1 Search,
a solution for business professional search of desktops, files, email,
SharePoint, and more; X1 Distributed Discovery, a solution for the
identification of data for the purpose of compliance and audit, data
migration, and business intelligence; and X1 Social Discovery, a solution for
the investigation and collection of social media evidence. SOLUTIONS: Search eDiscovery Data Audit &
Compliance Social Media
Investigations PRODUCTS: X1 Search X1 Distributed
Discovery X1 Social Discovery |
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Brands: |
X1 Search X1 Distributed Discovery X1 Social Discovery |
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Sales are: |
Wholesale and Retail |
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Clients: |
The company serves
enterprise customers, and commercial and government users. It markets its solutions through resellers and distribution
partners. |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
No import |
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The company exports to |
No export records |
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The subject
employs |
23 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
130 W Union St Pasadena, California 91103-3628 United States |
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Comments: |
NA |
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Branches: |
The company does
not have branches |
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Main Competitors |
Bnw Internet
Services 221 E Walnut St Ste
102 Tube Player, Inc. 130 W Union St Clever Girl Games
Llc 1290 La Loma Rd Palladian
Consulting 201 S Lake Ave Ste
416 Calendar Research
Llc 155 N Lake Ave Ste
800 |
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Related Companies: |
X1 works with a
wide variety of resellers and technology partners: Technology
Partners: Amazon Web Services
(AWS) Citrix Systems Inc.
VMware (NYSE:VMW) Distribution
Partners: Ingram Micro Inc ImmixGroup Resellers: Agile360 CCL Solutions Group
Ltd DataExpert e-Forensic Services
(EFS) Government
Marketing & Procurement (GMP) SHI SMS |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. The company
does not disclose information on shareholders. We could not confirm major
holders. |
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Management: |
Todmund Cole, Chief Executive Officer John Patzakis, Executive Chairman of the
Board Brent Botta, Chief Technology Officer Gregg Morin, Executive Vice President of
Sales Cathryn Goodman, Senior Vice President
of Marketing Michael Devin, Vice President of
Business Development and X1 Search Solutions Howard Williamson, Senior Vice President
- X1 Social Discovery Skip Lindsey, Executive Vice President
Sales |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Revenue |
1,645,000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Patents |
Methods
and systems for federation of results from search indexing Patent
number: 9659058 Abstract:
Systems and methods enable federation of search results. An identification of
a first data source associated with a first schema is received by the system,
the first data source comprising data of a first type. An identification of a
second data source associated with a second schema is received, the second
data source comprising data of a second type, the second type different than
the first type. An identification of a plurality of fields for a results set
user interface, a mapping of the data of the first type to a first field of
the results set user interface, and a mapping of the data of the second type
to the first field of the results set user interface, are accessed. Data of
the first type and data of the second type are merged and provided for
display in the first field on a user terminal. Type:
Grant Filed:
March 7, 2014 Date of
Patent: May 23, 2017 Assignee:
X1 DISCOVERY, INC. Inventors:
Steven Lee Colwell, Eric Schmidt METHODS
AND SYSTEMS FOR FEDERATION OF RESULTS FROM SEARCH INDEXING Publication
number: 20140289223 Abstract:
Systems and methods enable federation of search results. An identification of
a first data source associated with a first schema is received by the system,
the first data source comprising data of a first type. An identification of a
second data source associated with a second schema is received, the second
data source comprising data of a second type, the second type different than
the first type. An identification of a plurality of fields for a results set
user interface, a mapping of the data of the first type to a first field of
the results set user interface, and a mapping of the data of the second type
to the first field of the results set user interface, are accessed. Data of
the first type and data of the second type are merged and provided for
display in the first field on a user terminal. Type:
Application Filed:
March 7, 2014 Publication
date: September 25, 2014 Applicant:
X1 Discovery, Inc. Inventors:
Steven Lee Colwell, Eric Schmidt METHODS
AND SYSTEMS FOR UNIQUELY IDENTIFYING DIGITAL CONTENT FOR EDISCOVERY Publication
number: 20140359411 Abstract:
Systems and methods provide for the collection of content, such as webpage
content, and for detection of changes in content. Files composing a document
at a different time periods may be accessed and sets of hash values
corresponding to files composing the document at the different periods may be
calculated. A determination is made as to whether a file in the identified
files at the different time periods is an HTML file, and if so an additional
hash value corresponding to the HTML file is calculated. Aggregated hash
values may be calculated based on hash values in the sets of hash values. A
report may be generated reporting hash values for the document as it exists
at the different time periods, including the hash values for the files
composing the document, the additional hash values for respective HTML files,
and the aggregated hash values. Changes in hash values may be indicated. Type:
Application Filed:
June 2, 2014 Publication
date: December 4, 2014 Applicant:
X1 Discovery, Inc. Inventors:
Brent Botta, Nicklaus Torrecillas, Jacob Edward Sleigh Methods
and systems for uniquely identifying digital content for eDiscovery Patent
number: 9880983 Abstract:
Systems and methods provide for the collection of content, such as webpage
content, and for detection of changes in content. Files composing a document
at a different time periods may be accessed and sets of hash values
corresponding to files composing the document at the different periods may be
calculated. A determination is made as to whether a file in the identified
files at the different time periods is an HTML file, and if so an additional
hash value corresponding to the HTML file is calculated. Aggregated hash
values may be calculated based on hash values in the sets of hash values. A
report may be generated reporting hash values for the document as it exists
at the different time periods, including the hash values for the files
composing the document, the additional hash values for respective HTML files,
and the aggregated hash values. Changes in hash values may be indicated. Type:
Grant Filed:
June 2, 2014 Date of
Patent: January 30, 2018 Assignee:
X1 Discovery, Inc. Inventors:
Brent Botta, Nicklaus Torrecillas, Jacob Edward Sleigh |
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Cases |
No records found |
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UCC |
No records found |
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OFAC Sanctions List Search |
The company is not
listed in the OFAC list. |
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SUMMARY
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Founded in 2003, X1 Discovery, Inc. is a
small organization in the custom computer programming services industry
located in Pasadena, CA. The company has 23 full-time employees
and generates an estimated USD 1.645 million in annual revenue. The company operates within national and
international markets. This has been an ACTIVE company
incorporated in DELAWARE in 2011. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
Aydia |
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POSITION |
Operator |
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COMMENTS |
An operator answered and confirmed legal name, trade name,
address and website. She asked the reason of the call and refused to provide
further information. She transferred the call to another department but
nobody answered. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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1 |
INR 90.41 |
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Euro |
1 |
INR 79.83 |
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US Dollar |
1 |
INR 64.83 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared by
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TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.