POWAY, Calif., Feb. 19 /PRNewswire-FirstCall/ -- First Advantage Corporation (Nasdaq: FADV), a global risk mitigation and business solutions provider, today announced the purchase of Verify Limited, a premier Asian Pacific employment screening company, by the Employer Services segment of First Advantage. The acquisition further extends First Advantage's ability to deliver its global talent acquisition solutions, especially in the high growth countries of Malaysia and China , and solidifies the company's international employment screening market leadership.
Based in Kuala Lumpur , Malaysia and with offices in India , Hong Kong , Japan and China , Verify Limited is the second largest background screening firm in Asia, following top-ranked First Advantage. Verify Screening Solutions was established in 2002 as a business unit of Hill and Associates Group Limited and was merged with Quam Data Services Limited in 2006 to form Verify Limited, in which Hill and Associates and Quam Data Services hold 75 percent and 25 percent stakes, respectively.
"This acquisition underscores our commitment to aggressively pursue international expansion of our Employer Services suite of products. The fact that Verify is a well-established company serving the on-boarding needs of multinational corporations and local businesses in Asia Pacific, where the market for employment screening services is growing at a robust rate, was an added incentive," said First Advantage President and Chief Executive Officer Anand Nallathambi. "Verify offers great extension to our customer base and terrific management, and together we have the opportunity to continue to grow our international presence and cross-sell industry leading products and services."
Verify Limited Managing Director Marc Davey said he looks forward to joining forces with the number one player in their market. "We plan to further expand our reach throughout Asia by combining our Web based delivery system with First Advantage's advanced production capabilities, as well as offering expanded scope and additional services to our valued clients," said Davey.
First Advantage's Employer Services segment provides a comprehensive suite of global talent acquisition solutions specifically designed to reduce the time, cost and risk associated with candidate recruiting, applicant tracking, screening, assessments and ongoing retention processes. The segment has been growing its international employment screening operations since 2005, when First Advantage acquired Quest Research Ltd., then the top-ranked provider of employment screening services in India and East Asia. In 2006, it purchased Tokyo-based Brooke Consulting, a regional employment screening company, followed by Refsure Worldwide Pty Ltd., the leading provider of employment screening services in Australia and New Zealand . More recently, First Advantage opened an office in Manila and expanded its offices and staff in India to streamline international services delivery. Today, more than 1,600 First Advantage employees work in international offices in India , China , Singapore , Hong Kong , Australia , Japan , the Philippines , the United Kingdom and Canada .
About First Advantage Corporation
First Advantage Corporation (Nasdaq: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif., and has 4,700 employees in offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.
First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500(R) company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at www.firstam.com.
First Advantage Contacts: Henri Van Parys Corp. Communications Manager 727.214.1072 [email protected] Cindy Williams Investor Relations Manager 727.214.3438 [email protected] Haren Samarasekera Sales Management Director - APAC +65.65343262 [email protected]SOURCE First Advantage Corporation
