First Advantage Acquires National Data Verification Service
02 3월 2006 - 1:42AM
PR Newswire (US)
- Expands Employment Screening Market Share in New England - ST.
PETERSBURG, Fla., March 1 /PRNewswire-FirstCall/ -- First Advantage
Corporation (NASDAQ:FADV), a global risk mitigation and business
solutions provider, today announced the acquisition of the assets
of National Data Verification Service, a New England-based
employment screening company owned by Chex Systems, Inc., a wholly
owned subsidiary of eFunds Corporation (NYSE:EFD). The transaction
was completed to expand First Advantage's employment screening
market share in the northeast. Founded in 1969, National Data
Verification Service serves the pre-employment screening needs of
hundreds of regional companies from its Rockland, Mass. offices.
With specialization in the financial services industry, the company
offers a proprietary regional criminal database, as well as a debit
reporting database. Acquired by Chex Systems in 2005 as part of a
larger transaction, National Data Verification Service is being
divested since it falls outside eFunds' core priorities in
electronic payments and risk management. "We are pleased to welcome
National Data Verification Service's clients to First Advantage,"
said John Long, chief executive officer of First Advantage
Corporation. "With the support of our Employer Services segment
professionals, National Data Verification Service clients will have
the opportunity to not only expand their screening services, but to
also utilize our growing human resource services offering to
streamline the hiring process." "The transfer of National Data
Verification Service assets to First Advantage presents optimal
utilization of this company's long-standing screening services,"
said Tommy Andrews, executive vice president -- corporate
development of eFunds Corporation. "We are most pleased that our
clients will now have the convenience of Web-based ordering and
reporting, international scope and a full platform of services to
enhance their current programs." First Advantage's Employer
Services segment offers domestic and international organizations
recruiting services, applicant tracking software, skills
assessments and testing, tax credits screening, background
screening, occupational health services and more. About First
Advantage Corporation First Advantage Corporation (NASDAQ:FADV)
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 consumer credit
information in the mortgage, automotive and subprime markets;
business credit information in the transportation industry; lead
generation services; motor vehicle record reports; supply chain
security consulting; employment background verifications;
occupational health services; applicant tracking systems;
recruiting solutions; skills assessments; business tax consulting
services; insurance fraud, corporate and litigation investigations;
surveillance; computer forensics; electronic discovery; data
recovery; due diligence reporting; resident screening; property
management software; renters insurance and consumer location
services. First Advantage ranks among the top three companies in
all of its major business lines. First Advantage is headquartered
in St. Petersburg, Fla., and has more than 3,800 employees in
offices throughout the United States and abroad. More information
about First Advantage can be found at http://www.fadv.com/. First
Advantage is a majority-owned subsidiary of The First American
Corporation (NYSE:FAF), a FORTUNE 500(R) company that traces its
history to 1889. First American is America's largest provider of
business information, supplying businesses and consumers with
valuable information products to support the major economic events
of people's lives. Additional information about the First American
Family of Companies can be found at http://www.firstam.com/. First
Advantage Contacts: Renee Svec Cindy Williams Director of Marketing
& Communications Investor Relations Manager 727.214.3411, ext.
5212 727.214.3411, ext. 5260 DATASOURCE: First Advantage
Corporation CONTACT: Renee Svec, Director of Marketing &
Communications, ext. 5212, , or Cindy Williams, Investor Relations
Manager, ext. 5260, , both of First Advantage Corporation,
+1-727-214-3411 Web site: http://www.firstam.com/ Web site:
http://www.fadv.com/
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