First Advantage, a Symphony Technology Group (STG) company and the leading global provider of screening analytics and identity solutions, today announced that it has entered into a definitive agreement to acquire competitor, Verifications, Inc., a Minneapolis-based background checking and drug testing company. As a result of the acquisition, First Advantage will add over 4,000 new clients to its over 41,000 current client relationships that process more than 15 million applicants annually. Having made significant progress on the integration of the LexisNexis screening business that was acquired earlier this year, First Advantage can now leverage a solid technology and process foundation to focus on growth initiatives, customer driven innovation and global expansion efforts.
The addition of the Verifications, Inc. screening business will quickly broaden First Advantage’s position in the growing small and mid-sized market place and strengthen the Company’s presence in key industries including staffing, healthcare and manufacturing. The Verifications, Inc. top client base boasts an average 12-year tenure including notable Fortune 100 companies. This acquisition will enable Verifications, Inc. clients to now have access to advanced solutions through the largest global footprint in the industry.