LexisNexis Screening Solutions Portfolio to Symphony Technology Group

LexisNexis® Risk Solutions has announced it has entered into a definitive agreement to sell its LexisNexis screening business to the Palo Alto-based private equity firm Symphony Technology Group (STG). STG plans to combine LexisNexis screening with its portfolio company, First Advantage, to create a global leader in talent acquisition solutions.

“The decision to sell the screening business came after a careful review of the needs of the business and the strategic goals we have in place,” said Mark Kelsey, CEO, LexisNexis Risk Solutions. “While the screening business has been a significant offering within the LexisNexis portfolio, there is greater long-term opportunity for the business with an organization like First Advantage, which is focused on bringing background screening solutions to the marketplace.”

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