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. 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.” First Advantage delivers 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.
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