Red Violet, Inc. ("red violet") (NASDAQ:RDVT), a leading analytics and information solutions provider, today announced the commencement of a proposed underwritten public offering (the "Offering") of shares of its common stock. In addition, red violet intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of shares of its common stock offered in the Offering on the same terms and conditions. All of the shares of common stock to be sold in the Offering will be offered by red violet. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

red violet intends to use the net proceeds from the Offering for working capital and general corporate purposes, including potential strategic acquisitions.

Raymond James and Needham & Company are acting as joint book-running managers and as representatives of the underwriters for the Offering.