Atlanta, November 5 (Reuters) – First Advantage Corporation (Nasdaq ticker: FA) announced on Thursday the acquisition of Data Diver Technologies, LLC (“Data Diver Technologies”), a data platform company that utilizes artificial intelligence and automation, with a transaction valuation of approximately $125 million.
Over the past two decades, Data Diver Technologies has established a proprietary data platform driven by an automated compliance engine, capable of collecting, aggregating, retaining, and delivering large volumes of criminal and court records to support fast and accurate background checks. This acquisition also includes a smaller employment background check business, primarily targeting the small and medium-sized enterprise market. First Advantage plans to integrate it into its broader operations. The company's management team will continue to stay at First Advantage to support business continuity and sustained growth, as well as to maintain customer relationships.
First Advantage currently has over 1 billion records in its proprietary database, while Data Diver Technologies will further expand the company's data and technical capabilities through automated collection and broader coverage of various judicial jurisdictions in the United States. The company states that the combination of the two is expected to improve compliance processes, drive product innovation, and enhance First Advantage's ability to provide faster and more efficient screening results.
First Advantage CEO Scott Staples stated: " Data Diver Technologies is a company that we are very familiar with and has for many years been a key third-party data provider for First Advantage. This acquisition advances our strategy, enhances our proprietary data capabilities, expands automation, and creates new opportunities for expanding solutions and driving product innovation. These additional resources and capabilities will help us provide customers with faster turnaround times, support high-quality results, and further solidify First Advantage's differentiated advantage in the market."
About First Advantage
First Advantage (Nasdaq ticker: FA) is a global software and data company. The company provides end-to-end identity solutions, criminal background checks, qualification verifications, drug and health screenings, as well as continuous risk monitoring. By combining its artificial intelligence-driven proprietary technology platform with proprietary data, raw source data, and third-party data, the company helps organizations recruit with more confidence and manage risks throughout the entire employee lifecycle. It has over 80,000 customers worldwide, of which about two-thirds are Fortune 100 companies; annually, it completes more than 200 million screenings in over 200 countries and regions. Leveraging its vertical market strategy, decades of experience, and a proprietary database containing over 1 billion records, it offers employers, candidates, and employees fast, comprehensive, and reliable solutions. For more information, please visit the company's website at https://fadv.com.
Forward-looking Statements
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the company’s acquisitions of Data Diver Technologies and LLC, as well as other non-historical factual statements. In some cases, these forward-looking statements can be identified by words such as “anticipate (expected)”, “assume (assumed)”, “believe (believed)”, “continue (continued)”, “could (possible)”, “estimate (estimated)”, “expect (anticipated)”, “intend (intended)”, “may (likely)”, “plan (planned)”, “potential (potential)”, “predict (predicted)”, “project (expected)”, “future (future)”, “will (will)”, “seek (seek)”, “foreseeable (foreseeable)”, “target (goal)”, “guidance (guideline)” and their negative forms or similar phrases. Such statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify, including those mentioned in the “Risk Factors” section of the company’s 10-K annual report for the fiscal year ending December 31, 2025, as well as related factors that are periodically updated in the documents submitted by the company to the U.S. Securities and Exchange Commission (SEC). These documents can be viewed at the SEC website www.sec.gov.Any forward-looking statements in press releases or documents submitted by the company to SEC are valid only as of their respective publication dates; except as required by law, the company assumes no obligation to publicly update or revise any such forward-looking statements due to new information, future developments, or other reasons.
Investor Contact
Stephanie Gorman
Vice President of Investor Relations
Investors @ fadv.com
(678) 868-4151
Media Contact
Katelyn Brower
Director of Public Relations, Social Media, and Events
Katelyn.Brower @ fadv.com
