First Advantage, a Symphony Technology Group (STG) company and a leading global provider of comprehensive talent acquisition solutions, today announced that it has entered into a definitive agreement to acquire the employment and resident screening business of LexisNexis Risk Solutions, a division of Reed Elsevier.
As a result of the acquisition, First Advantage becomes a global leader in talent acquisition solutions with a focus on technology-enabled background screening solutions and services. The combined company will utilize its powerful data, analytics and technology capabilities to deliver even more value to its global customers in North America, Europe, China, India and throughout Asia, in financial services, retail, healthcare, manufacturing and other key verticals.
Through this acquisition, First Advantage becomes a global leader in providing tens of thousands of employers around the globe a broad range of solutions designed to improve talent acquisition efforts and reduce hiring risk. The addition of the LexisNexis’ screening business also further strengthens First Advantage’s position in key industries including financial services, transportation, healthcare and volunteer and non-profit. Moreover, as LexisNexis has a particularly strong presence in the retail sector, the acquisition enables First Advantage to broaden its position in the rapidly growing retail industry.
Additionally, as LexisNexis is a leading provider of tenant screening services for large property management companies, First Advantage plans to further diversify its service offering to meet the growing demand for effective screening solutions for multifamily housing.
About First Advantage
First Advantage is a global leader in providing talent acquisition solutions and services, including background screening, recruiting solutions, skills assessment and skills-related tax services. First Advantage’s proprietary solutions are based on its distinctive capabilities in data, analytics and technology and its domain expertise. First Advantage’s headquarters are in St. Petersburg, Florida, and it has offices throughout North America, Europe, China, India and other locations in Asia. More information about First Advantage can be accessed at www.fadv.com
Source: Symphony Technology Group