Sterling Acquires Commercial Segment Business of SureID
October 19th, 2017
New York, NY – Sterling (Sterling), one of the world’s largest background screening and HR solutions companies, today announced it has acquired the commercial segment business of SureID, Inc., a Hillsboro, Oregon based company. The commercial segment, which will retain the brand name SureID as a separate business unit of Sterling, is a leading provider of advanced identity management and biometric capture and processing solutions. The non-commercial segments of SureID, Inc. will operate under a new assumed business name, Fortior Solutions.
The acquisition provides Sterling with a digital fingerprinting network of sophisticated, user-friendly kiosks deployed in over 800 retail business service centers nationally.
“We strongly value SureID’s expertise and welcome them to the Sterling family with great excitement,” said Clare Hart, CEO of Sterling. “This sophisticated technology addition to our screening solutions will allow Sterling to more effectively serve the needs of customers that demand fingerprint collection technology and FBI fingerprinting. Working together with SureID will also open up opportunities to explore new markets in regulated industries such as financial services.”
Leveraging SureID’s expertise through its vendor identity management platform will enable Sterling to help customers better manage screening and credentialing requirements for vendors and contractors. The acquisition will also help Sterling further deliver on its vision of empowering smarter hiring decisions, fueled by innovation and dynamic technology, as well as continually providing a superior and consistent candidate experience.
“The commercial segment business is well aligned with Sterling’s own vision, and we’re pleased for them to join this vibrant organization,” said James Robell, President and CEO of Fortior Solutions. “This is an incredible opportunity to marry SureID’s expertise in identity management with Sterling’s extensive, industry-leading screening solutions and contribute to Sterling’s innovative and collaborative culture.”
Fried, Frank, Harris, Shriver & Jacobson LLP acted as counsel to Sterling on this transaction.
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