FORT WORTH, Texas -

One of the presenting sponsors of the Re3 Conference, Digital Recognition Network, announced three major personnel moves on Tuesday, including the return of the company founder.

After departing from Recovery Database Network about a week ago, Todd Hodnett is returning to DRN as executive chairman.

In this role, Hodnett will focus on the overall strategy of the company with particular focus on continuing DRN's success in ensuring positive results around DRN's legislative and government affair initiatives. Additionally, to meet DRN's needs for new innovations, Hodnett is spearheading the company's efforts incubating new technologies and ecosystems on an international basis.

Hodnett will also continue his role as the chairman of DRN's board of directors.

Meanwhile, DRN chief executive officer Chris Metaxas indicated Alex Young is joining the company as vice president of risk solutions. Metaxas noted Young has formidable background in the insurance industry working for many of the leading risk and underwriting platform providers. 

In this role, DRN said Young is building a new business unit for DRN focused on the insurance industry.

“DRN's ability to provide actionable insights for the insurance industry represents a significant addressable market,” Metaxas said. “The insurance strategy provides for creating new, license plate recognition (LPR) based, analytics solutions as well as building out new channels of distribution.”

Young is currently building out the team and the partnerships to fast track DRN’s success in the insurance industry. 

Worldwide markets represent another area of growth for DRN.  In a joint partnership with Vigilant Solutions, Stuart Mallory, vice president of international markets, now heads up the efforts in building out a worldwide marketplace for DRN's solutions.  This includes creating new channels of distribution in high propensity markets such as the Europe, Middle East, Asia Pacific and Latin America with a focus on both commercial, governmental and security applications. 

The company indicated Mallory will actively develop partnerships with "in country" providers to replicate DRN and Vigilant Solutions success in new worldwide markets.

"DRN's growth comes on the heels of an exciting year for us. We have seen the shift of providing LPR-based data and analytics take hold with our customers in a big way," Metaxas said. 

The developments include the release and adoption of SmartRecovery, DRN's subscription based LPR solution and the release and customer adoption of DRN's Smart Collections Platform.  Smart Collections can provide actionable insights for organizations to quickly and easily pinpoint their consumer using data derived from DRN's extensive database of LPR data.

“I am very excited to see the traction we have with major clients taking advantage of our solutions and partnering with DRN to look at new strategies for mitigating risk and realizing improved returns to their operations,” Metaxas said.

At the Re3 Conference, Metaxas will explain how — for some — focusing your efforts on the “old” Re3: recovery, repossession and remarketing, is like driving on empty.

Metaxas will teach audiences about the “new” Re3: revenue, risk reduction and returns, and will help fill your tank with the insights and solutions that put the focus on what lenders really want. Get the details on how to address client needs at each stage of the loan’s lifecycle for increased revenue.

Join Metaxas at 11:15 a.m. on Wednesday, Nov. 12 for his session, titled “Stop Driving on Empty with the New Re3.”

Attendees must make hotel reservations at the Red Rock Casino, Resort and Spa before Oct. 17 to secure accommodations at the exclusive conference rate of $195/night.

For more information about the conference or for a complete agenda, visit http://re3.autoremarketing.com.