First Advantage Corporation Acquires Background Information Systems, Inc.
February 9, 2004
ST. PETERSBURG, Fla., /PRNewswire-FirstCall/ -- First Advantage Corporation (Nasdaq: FADV), a majority owned subsidiary of The First American Corporation and global risk management solutions provider, today announced the acquisition of Dallas-based Background Information Systems, Inc. (BIS), a regional provider of employment background screening services. The acquisition, in combination with the recent acquisition of MVRS, Inc. and MedTech Diagnostics, Inc., provides First Advantage with significant presence to support clients in the South Central region of the United States.
BIS successfully carved a niche in the Texas pre-employment screening marketplace since its formation in 2001. The company offers an array of screening reports to assist employers in evaluating employment candidates and specializes in criminal record reports. To further this specialty, the company developed an in-house database of 30 million criminal records -- derived from sources across the nation -- that supplements clients' targeted criminal record searches.
"BIS is a welcomed addition to First Advantage as we continue to seek out businesses that will add depth to our presence in key regions as well as provide valuable client relationships and enhanced resources," said Akshaya Mehta, First Advantage's chief operating officer and executive vice president.
"By joining forces with First Advantage, BIS has an exciting opportunity to expand our clients' programs with new screening and drug testing services and tools," said Tom Hollenshead, president of BIS. "Furthermore, the fact that First Advantage is a leader in the industry provides BIS with the necessary resources to ensure that our clientele are provided the most professional and most efficient service available. We are looking forward to assisting First Advantage's continued growth in this region."
First Advantage's Enterprise Screening Services division provides more than 15,000 employers with comprehensive background checking, drug-free workplace program services, physical examinations and other testing, forensic toxicology services, employee assistance programs and/or education and training. First Advantage provides integrated workplace solutions to facilitate the hiring process and employee retention.
Source: First Advantage Corporation
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