First Advantage acquires Verify

BANGALORE, INDIA: US-based background screening firm First Advantage has acquired Verify Limited, a premier Asian Pacific employment screening company, strengthening its market dominance in APAC region.

First Advantage, with presence in UK, is aggressively eyeing growth in the Asian economies.

In terms of technology, the acquisition would bring huge advantage from Verify’s web-based delivery system, said Ashish Dehade, MD, First Advantage.

He told CyberMedia News. “This addition, with our existing talent acquisition solution platforms and applicant tracking system, will be a good combination. The deal would leap us forth as the dominant player in this market with a huge market share and larger economies of scale. The next biggest player would be a distant one after this deal and only one-fifth of our size.”

The headcount would be strengthened with 300 people from Verify making a total manpower base of 1600 henceforth.

While he was unable to divulge the financial details of the deal, he said that the deal would also enable First Advantage to cross-sell its talent acquisition solutions to Verify’s clientele.

Going forward, the company would continue to grow both organically and inorganically in strong growth regions in Asia.

Verify has a strong presence in Malaysia, Japan and China that will now be added to First Advantage. This will also add Pune as a new city to the latter’s India presence.