First Advantage Acquires Recruiternet Inc

First Advantage Corporation (NASDAQ: FADV), a global risk mitigation and business solutions provider, has announced the acquisition of Recruiternet Europe, provider of Projectix, a leading corporate applicant tracking and talent management software solution. The deal is part of the US acquisition of Recruiternet, Inc. ñ the parent company of Recruiternet Europe ñ by First Advantage.

Projectix will now form part of First Advantageís human resources services solution, which includes employment background screening, drug-free workplace programs and tax credits screening. This will allow Recruiternet Europe to benefit from being a key component of a worldwide hiring management solution.

As part of First Advantageís suite of human resource products and services, Projectix will be re-branded and marketed as First Advantage Hiring Management Systems.

Recruiternet Europeís Executive Director, Russell Crisp, said: ìThe link up between Recruiternet and First Advantage will create the most efficient and effective hiring process for our clients and further the success we have enjoyed since entering the European market.î

ìHR departments in Europe still lag behind their US counterparts in their adoption of automated applicant tracking solutions, partially due to the fact that other hiring process services have garnered more focus from recruiting professionals. With First Advantageís focus on overseas expansion and extensive offering of employment screening and business services, we are uniquely positioned to provide an industry leading and truly comprehensive hiring management solution. With an integrated hiring management platform, going beyond basic applicant tracking, we will have the opportunity to drive wider adoption of cutting edge recruiting and staffing technology.î

Recruiternet has established Projectix internationally as a premier applicant tracking system (ATS), managing integrated hiring workflows and enhancing the recruiting and staffing process. Projectixís comprehensive hiring solution includes its Monster Premier ATS Alliance Membership, background checking, behavioural assessments and a variety of other client specific service collaborations. As one of the only solutions to offer both hourly and salaried hiring, Projectix has also been consistently ranked as a leading applicant tracking solution by independent sources. Gartner, AMR, Workforce Management and ERExchange have all included Projectix in their analyses of leading solution providers.

ìProjectix ATS is a valued addition to First Advantageís expanding platform of human resources services,î said John Long, chief executive officer of First Advantage Corporation. ìOur new Hiring Management Systems provide the means to deliver a conveniently integrated package of employment related services to enterprise clients.

ìWe are especially pleased with the systemís international capabilities and look forward to pairing the system with First Advantage Quest, our Asian Pacific employment screening unit, as we pursue new business globally.î