Member Article

Reed Elsevier sell CV checker service

Anglo-Dutch publisher Reed Elsevier has sold its CV checking business, LexisNexis to private equity firm Symphony Technology Group (STG).

California-based STG plans to merge LexisNexis with its own screening business, First Advantage, in a bid to create a market leader.

LexisNexis Risk Solutions CEO, Mark Kelsey, said: “The decision to sell the screening business came after a careful review of the needs of the business and the strategic goals we have in place.

“While the screening business has been a significant offering within the LexisNexis portfolio, there is greater long-term opportunity for the business with an organization like First Advantage, which is focused on bringing background screening solutions to the marketplace.”

Dr Romesh Wadhwani, chairman and CEO of Symphony Technology Group, said: “The combination of these two leading companies will transform how employers select and screen their employees, dramatically improving the quality of their talent and their recruiting processes and productivity.

“The customers of First Advantage and LexisNexis Risk Solutions now have access to the industry’s broadest set of services and expertise and the best technology and solutions for acquiring and retaining the best and most skilled talent available.”

This was posted in Bdaily's Members' News section by Tom Keighley .