First Advantage Announces Acquisition by Symphony Technology GroupBy First Advantage, PRNE
Sunday, January 2, 2011
POWAY, California, January 3, 2011 - First Advantage, a global provider of workforce solutions, today
announced that Symphony Technology Group, a private equity firm with a
strategic focus on software and service, has acquired the assets of First
Advantage, a leader in a broad range of talent acquisition solutions
including employment background screening, occupational health services,
applicant tracking systems, recruiting solutions, skills and behavioral
assessments, and business tax consulting services.
Under the terms of the acquisition, which closed December 30, 2010, First
Advantage will operate as a portfolio company of the Symphony Technology
Group. First Advantage CEO Todd Mavis will stay on to lead First Advantage.
"Symphony Technology Group's mission is to invest in innovative companies
and enable them to continue to provide unparalleled value to customers by
expanding their market-leading products and services," said Bill Chisholm,
Managing Director, STG. "Under the leadership of the existing First Advantage
team, we will leverage and grow First Advantage's outstanding reputation,
longstanding customer relationships, leading technology and talented team so
that the company can continue to provide the technology solutions that allow
organizations to make better business and talent management decisions."
"STG's outstanding track record of working with companies to improve
their execution and innovation will help First Advantage continue to grow and
succeed as a leader in global workforce solutions and as a partner in
ensuring organizations make the talent management decisions that will advance
their business objectives," said Mavis. "Organizations around the world face
unprecedented challenges in today's environment. This relationship with STG
will enable First Advantage to continue to deliver the services that help
businesses mitigate risk and make the talent decisions that can help them
successfully manage a changing terrain and we look forward to continuing to
help our customers succeed."
STG companies are known for providing high value, high-impact solutions
that help customers dramatically improve their performance, productivity and
profitability through best-in-class processes and management.
About First Advantage
First Advantage 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 talent
acquisition solutions including employment background screening, occupational
health services, applicant tracking systems, recruiting solutions, skills and
behavioral assessments, and business tax consulting services. First Advantage
is headquartered in Poway, Calif., and has offices throughout the United
States and abroad. More information about First Advantage can be found at
About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with
the mission of investing in and building great software and services
companies. In addition to capital, STG provides transformative expertise to
enable its companies to deliver maximum value to their clients to retain and
attract the best talent and to achieve best in class business performance.
All STG companies are expected to grow through innovation. STG's current
portfolio consists of 9 global companies.
For More Information, Please Contact:
Paige Vesuvio Vice President, Marketing +1-727-290-1000, ext. 2274 Paige.Vesuvio@FADV.com
Paige Vesuvio, Vice President, Marketing of First Advantage, +1-727-290-1000, ext. 2274, Paige.Vesuvio at FADV.com
Tags: california, First Advantage, January 3, Poway