Sterling Acquires Verified Person Inc
September 7th, 2016
Acquisition Continues to Expand Sterling’ U.S. Footprint
NEW YORK, September 7, 2016 – Sterling, one of the world’s largest and most successful background screening and HR solutions companies, announced today that it has acquired Verified Person Inc., a U.S. leader in pre-employment background screening and verifications. Terms of the transaction were not disclosed.
Verified Person is widely recognized for high-quality background screening programs and its deep client-centric focus. Verified Person operates out of Memphis, Tenn.
“We admire the hard work and determination Verified Person has demonstrated in growing their business over the last 10 years and establishing themselves as a market leader,” said Clare Hart, chief executive officer at Sterling. “We are excited to welcome their team to the Sterling family.”
“Our operating principle from the start was to provide the accurate, reliable information our clients needed to hire with confidence and to validate the trust our clients put in us with each and every background check,” said Jim Davis, chief executive officer at Verified Person. “We know Sterling is uniquely qualified to deliver on these principles now and into the future.”
Verified Person joins Sterling as it accelerates its multiyear strategy of domestic and global expansion. In January 2016, the Company announced its merger with TalentWise, a leading cloud solution provider for the Human Capital Management industry focused on helping HR executives build and maintain compliant workforces. In May 2016, it announced its acquisition of RISQ Group, a background screening leader in the Asia Pacific region. This M&A activity follows the announcement in June 2015 that Goldman Sachs and La Caisse de dépôt et placement du Québec (CDPQ) had acquired a majority interest in the company.
Sterling provides hiring peace of mind by delivering a simpler, smarter background screening and onboarding experience for employers worldwide. Our comprehensive suite of cloud-based background screening and onboarding solutions deliver accurate, reliable results and tools to maintain compliance throughout the hiring cycle.
With 20 offices in nine countries and growing, our team of more than 3,700 employees proudly serves over 50,000 customers around the world, including 25% of the Fortune 100. Sterling is accredited by the National Association of Professional Background Screeners (NAPBS), a distinction earned by fewer than 10% of all background screening companies. Visit www.sterlingcheck.com.
Sterling is a service mark of Sterling Infosystems.
About Verified Person Inc.
Verified Person provides advanced criminal background screening and identity verification services, applying leading-edge technology to traditional search methodologies in order to deliver faster, more accurate results via a simple-to-use website. The company’s solutions help healthcare, staffing, financial services; retail and other industry organizations comply with regulations and mitigate corporate threats such as workplace violence, internal theft, fraud and poor employee selection. Verified Person was founded by John Sculley, former CEO of Apple, and Tal Moise.
This publication is for informational purposes only and nothing contained in it should be construed as legal advice. We expressly disclaim any warranty or responsibility for damages arising out this information. We encourage you to consult with legal counsel regarding your specific needs. We do not undertake any duty to update previously posted materials.