First Advantage Acquires Recruiternet Inc.
ST. PETERSBURG, Fla., Sept. 29 /PRNewswire-FirstCall/ -- First Advantage
Corporation (Nasdaq: FADV), a global risk mitigation and business solutions
provider, today announced that the company has acquired Recruiternet Inc.,
provider of Projectix, a leading corporate applicant tracking and talent
management software solution. This addition enhances First Advantage's
product offering and provides opportunities for cross selling its suite of
human resources-related services, which includes background screening,
drug-free workplace programs and tax credits screening.
Founded in 1999 and headquartered in Portland, Maine, Recruiternet has
established Projectix internationally as a premier applicant tracking system
(ATS), managing integrated hiring workflows and enhancing the recruiting and
staffing process. Available as a hosted ASP offering or as a client-hosted
licensed solution, Projectix supports all aspects of the hiring process,
manages both hourly and salaried hiring, and is based on the most flexible
technology available. Projectix solutions support talent management across an
organization and around the globe, offering 13 standard language translations
and complete localization of the data scheme. Projectix is tailored to a
company's particular recruiting process, including seamless HRMS integration,
complementary service offerings and advanced workflow support. Its
comprehensive, integrated hiring solution includes a Monster Premier ATS
Alliance Membership, background checking, behavioral assessments, tax
screening and a variety of other client specific service collaborations.
Projectix has been consistently ranked as a leading applicant tracking
solution by independent sources, including Gartner, AMR, Workforce Management
and ERExchange.
As part of First Advantage's suite of human resource products and
services, Projectix will be rebranded and marketed as First Advantage Hiring
Management Systems.
"Projectix ATS is a valued addition to First Advantage's expanding
platform of human resources services," said John Long, chief executive officer
of First Advantage Corporation. "Our new Hiring Management Systems provide
the means to deliver a conveniently integrated package of employment related
services -- including our background screening, drug testing, tax credits and,
now, applicant tracking software -- to enterprise clients. We are especially
pleased with the system's international capabilities and look forward to
pairing the system with First Advantage Quest, our Asian Pacific employment
screening unit, as we pursue new business globally."
"As part of First Advantage's human resource services solution, we are
renewing our commitment to creating the most efficient and effective hiring
workflow for our clients," said Robert Neveu, president and founder of
Recruiternet. "With First Advantage's focus on overseas expansion and our
valued relationships with other service providers, we are uniquely positioned
to provide an industry leading and truly comprehensive hiring management
solution worldwide."
First Advantage will also gain Recruiternet Europe, a wholly owned
subsidiary of Recruiternet that is headquartered in the U.K. and supports
European clients, as part of the transaction.
First Advantage Hiring Management Systems will align under the company's
Employer Services business segment as part of the Employment Screening
Services division.
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 business credit information in the transportation industry; consumer credit
information in the mortgage, automotive and subprime markets; motor vehicle
record reports; supply chain security consulting; employment background
verifications; occupational health services; 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 3,300 employees in offices
throughout the United States and abroad. More information about First
Advantage can be found at .
First Advantage is a majority-owned subsidiary of The First American
Corporation (NYSE: FAF), a Fortune 500 company that traces its history to
1889. First American is the nation's largest data provider, supplying
businesses and consumers with information resources in connection with the
major economic events of people's lives. Additional information about the
First American Family of Companies can be found at .
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