PEC Safety

What PEC Safety does

PEC Safety, operating commercially as Veriforce, is a US-based supply chain risk management company serving high-hazard industries. Headquartered in Mandeville, Louisiana and founded in 1993 (with the Veriforce platform originating in 1985), the company runs a cloud-based SaaS platform that connects 3,200 hiring clients with 140,000+ contractors across 140+ countries and 120+ languages. The platform centralizes contractor compliance, operator qualification (OQ) tracking, learning management, worksite management, subcontractor compliance, and ESG mandate implementation for operators in oil and gas, utilities, construction, chemicals, manufacturing, pharmaceuticals, renewable energy, telecom, and other high-hazard sectors.

The product architecture is a modular platform anchored by a Risk Intelligence layer that combines compliance verification, training credential issuance, and predictive analytics for hazard prevention. Supporting sub-brands include the Veriforce Contractor Network (an exclusive contractor marketplace), the Veriforce HUB (a member benefits portal), an Instructor/Evaluator Network of 7,000+ authorized providers who deliver proprietary safety content and conduct DOT-covered task evaluations, and a Training Card System for credential lookup and replacement. Notable enterprise customers include Chesapeake, TC Energy, Southern Company, Williams, Enbridge, NRG, Sunoco LP, Praxair, California Resources Corporation, Lucid Energy Group, Lotte Chemical, Emerald Performance Materials, World Energy, and Perrigo. The company holds ISO 27001 and SOC 2 Type II certifications.

Revenue is generated through four streams: (1) recurring contractor network subscriptions, (2) enterprise subscriptions from hiring clients (annual, custom-priced), (3) training services delivered through the authorized instructor network on per-course or per-session pricing, and (4) Expert Services (auditing, consulting, custom training) and Regulatory Services tied to PHMSA and DOT compliance. Distribution combines direct enterprise field sales, a self-serve contractor onboarding flow, and a partner marketplace. The company is privately held, employs 251–500 people, and in 2025 acquired Highwire to deepen its contractor risk management footprint.

Name

PEC Safety

Legal name

Veriforce LLC

Website

https://pecsafety.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

251–500 employees

Short description

PEC Safety operates Veriforce, the world's largest contractor compliance network connecting 3,200 hiring clients with 140,000+ contractors across 140+ countries. Its SaaS platform centralizes operator qualification, safety training, worksite compliance, and ESG for high-hazard industries.

Ownership category

akta.pro rank

Product category

Supply Chain Risk Management Software

NAICS

Computer Systems Design and Related Services (54151)

akta.pro primary industry

Third-Party Risk, Vendor Due Diligence & Supply Chain Compliance (BPAEAPAG)

akta.pro secondary industries

Third-Party/Vendor Risk Management (TPRM/VRM) (HDADAIAE), Compliance Technology, GRC Platforms & Controls Automation Advisory (BPAHAFAO), Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK)

Keywords

• Contractor safety management
• Supply chain risk management
• Operator qualification compliance
• Workforce compliance software
• Safety training services

Headquarters

HQ city

Mandeville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Contractor Subscription / Network Membership: Contractors pay subscription fees to join the Veriforce Network, access hiring clients, and maintain compliance documentation. Subscription enables document sharing with multiple companies from a single platform.
2. Hiring Client Enterprise Agreements: Enterprise software licensing for hiring clients to manage contractor compliance, safety, operations, and procurement from a centralized platform
3. Training Services: Instructor-led safety training delivery through authorized instructors and evaluators. Includes training catalog, calendar scheduling, and training card issuance/replacement
4. Expert Services: Auditing, consulting, custom training, and regulatory services for PHMSA and DOT compliance optimization

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

PEC Safety (operating as Veriforce) sells a cloud-based supply chain risk management SaaS platform that enables hiring clients in high-hazard industries to verify contractor compliance, manage operator qualification programs, deliver safety training, and track workforce credentials across global operations. The platform is complemented by a contractor network subscription membership, instructor-led safety training delivered through authorized providers, and expert/regulatory consulting services for PHMSA and DOT compliance.

Product overview

Veriforce is a unified supply chain risk management platform designed for complex, global supply chains in high-hazard industries. The platform connects 3,200 hiring clients with 140,000+ contractors across 140+ countries. The core Veriforce Platform serves as the central hub, integrating modules for Contractor Management, Operator Qualification (OQ) Compliance, Learning Management, Worksite Management, Subcontractor Management, ESG, Regulatory Services, and Expert Services. Supporting sub-brands include the Veriforce Contractor Network (an exclusive marketplace connecting contractors with hiring clients), the Veriforce HUB (member benefits portal), the Instructor/Evaluator Network (7,000+ authorized training providers), and the Training Card System (credential verification). The platform is supported by The Risk Matrix Podcast for thought leadership content.

Differentiator

Problem solved

Functional benefit

Products and services

• Veriforce Platform

Named customers14 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• American Petroleum Institute (API)coreTechnology or IntegrationAPI monogram program partner - API monogram logo displayed in footer indicates integration/partnership for petroleum industry standards compliance verification
• Common Assessment StandardcoreTechnology or IntegrationCommon Assessment Standard logo displayed - indicates partnership for standardized contractor assessment and qualification framework
• SafelandcoreTechnology or IntegrationSafeland logo displayed - partnership for safety training standards and credentialing
• National Safety Council (NSC)coreStrategic or Co-development PartnerNSC membership logo displayed - strategic partnership for safety industry leadership and best practices
• Interstate Natural Gas Association of America (INGAA)coreStrategic or Co-development PartnerINGAA logo displayed - partnership for natural gas pipeline safety standards and operator qualification
• Energy Workforce Technology CouncilcoreStrategic or Co-development PartnerEWTC logo displayed - strategic partnership for energy sector workforce development and technology standards
• ClimatesmartminorStrategic or Co-development PartnerClimatesmart logo displayed - ESG/sustainability partnership for climate initiatives
• Edison Electric Institute (EEI)coreStrategic or Co-development PartnerEEI logo displayed in footer - partnership for utility sector safety and workforce standards
• HighwirecoreStrategic or Co-development PartnerVeriforce acquired Highwire to expand leadership in contractor risk management - recent strategic acquisition announced in newsroom

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ProcessUnity: ProcessUnity is a third-party risk management platform vendor with overlapping TPRM, vendor onboarding, and supply-chain risk workflows aimed at regulated enterprises, making it a comparable DIRECT_PEER in the broader TPRM software category Veriforce competes in.
• Prevalent: Prevalent provides vendor risk and third-party risk management SaaS focused on supplier assessments, security questionnaires, and continuous monitoring; comparable as a vendor/compliance risk platform targeting enterprise procurement and security teams adjacent to Veriforce's hiring-client buyer profile.
• ISNetworld (ISN): ISN is the most direct competitor, operating a large global contractor management and supplier-qualification platform for hiring clients in energy, construction, and manufacturing, with contractor subscriptions and operator-qualification workflows closely analogous to Veriforce's product.
• BROWZ: BROWZ provides contractor prequalification, supply-chain compliance, and risk management services for enterprise hiring clients in industrial and infrastructure sectors, competing head-to-head with Veriforce's contractor management and OQ modules.
• Avetta: Avetta is a direct competitor operating a contractor prequalification and supply-chain compliance network for hiring clients in high-hazard industries, with overlapping oil & gas, utilities, construction, and manufacturing customers and a similar SaaS subscription + network-joiner model.

Others

• Kroll (Third-Party Risk Management): Kroll is a global due-diligence and background-check services provider whose third-party risk offerings (cyber, compliance, ESG due diligence) overlap with Veriforce's expert-services and verification capabilities, making it a relevant adjacent services comparable rather than direct platform competitor.

Broad incumbents

• OneTrust (GRC / Third-Party Risk): OneTrust's GRC and Third-Party Risk modules address vendor risk, ESG, and compliance use cases for enterprises, competing as a broader trust-intelligence platform where it overlaps with Veriforce's hiring-client and ESG use cases.
• ServiceNow (GRC / TPRM modules): ServiceNow's Integrated Risk Management and TPRM modules provide vendor risk and compliance workflows embedded in its broader enterprise platform; it competes indirectly by offering TPRM as part of a much larger workflow suite that can displace point solutions in enterprise procurement.
• NAVEX (Lockpath / RiskRate): NAVEX provides enterprise GRC, third-party risk, and ethics-and-compliance software serving overlapping buyer personas (compliance, procurement, ESG) as part of a broad governance portfolio, representing a broader incumbent comparable to Veriforce's GRC-adjacent capabilities.
• SAP GRC / SAP Ariba: SAP's GRC and supplier-management portfolio (including SAP Ariba for supplier qualification) addresses overlapping compliance, supplier-risk, and ESG use cases for large enterprises, competing as part of a much broader procurement and risk suite rather than as a specialized supply-chain compliance network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/veriforce-llc
• Xx.com/pecsafety
• Facebookfacebook.com/pecsafety

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PEC Safety