BWI: India Infoline Signs up with First Advantage for VerifyDirect

Press release from Business Wire India
Source: First Advantage Private Limited
Monday, March 02, 2009 11:21 AM IST (05:51 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
Release no: 19359
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India Infoline Signs up with First Advantage for VerifyDirect


Mumbai, Maharashtra, India, Monday, March 02, 2009 -- (Business Wire India) -- The Employer Services segment of First Advantage Corporation (NASDAQ: FADV), Asia-Pacific's largest background screening and talent acquisition solutions provider, today announced that India Infoline has become the first company to sign up for VerifyDirectT, Asia-Pacific's first-ever, contributory, database-driven, online background screening service.

VerifyDirect provides a cost-effective solution by reducing time-to-hire and enabling human resources personnel to focus on more productive and strategic functions, rather than investing a great part of their valuable time in trying to obtain and provide past employee information from/to various third parties. Upon receiving the individual's consent, VerifyDirect can be used by any bonafide company for conducting background checks on potential employees, contract/vendor staff or customers through secure online transactions 24/7.

Ashish Dehade, managing director (West Asia) of First Advantage, said, "The signup with India Infoline reaffirms the faith of Indian corporates in the need for a digitized database that has the potential to optimize cost and time opportunities in the existing process of verification of background information. VerifyDirect, aiming to be the largest verification database in the country and the Asia-Pacific for employment history and education records, will make available data in the public domain and will be consent-driven. This will add to the transparency and authenticity of the process."

Capt. Rahul Sharma, Senior Vice President - Human Resource & Training of India Infoline, added, "In times when background screening of human resources is becoming extremely crucial, a contributory database like VerifyDirect can streamline the process and lead the drive for greater information sharing among all companies. The fact that the database could also simplify the process for getting credit for people through readily available information 24/7 adds a greater appeal to the India Infoline group."

About First Advantage

First Advantage Private Limited is Asia Pacific's largest background screening company and leading talent acquisition solutions provider. It is part of First Advantage Corporation's Employer Services segment, which provides a comprehensive suite of global talent acquisition solutions specifically designed to reduce the time, cost and risk associated with candidate recruiting, screening, assessments and ongoing retention processes.

The India operation conducts large volume background screenings and related research for clients in the BPO, IT Banking and Financial sectors, among others. First Advantage currently serves over 900 clients in India, including many of the world's leading multinational corporations, investment and retail banks, technology companies, business advisors and law firms. First Advantage's reputation has been built on value, professionalism, flexibility and responsiveness, which has made it possible for the company to retain seven of the top 10 investment banks in the world and all of the top five IT companies in India as clients.

First Advantage's global reach is strengthened by its offices in Australia, Canada, China (Beijing, Shanghai and Zhuhai), Hong Kong, India (Mumbai, Chennai, Delhi and Bangalore), Japan, Korea, Malaysia, Philippines, Singapore and the United Kingdom, in addition to those in the United States. For additional information, visit www.fadvasia.com.

First Advantage Corporation (NASDAQ: FADV) offers products and services that mitigate risk by helping businesses, non-profit organizations, government agencies and consumers make more informed decisions. Headquartered in Poway, Calif., the company supports over 90,000 clients globally. More information about First Advantage is available at www.fadv.com.

About the India Infoline group

The India Infoline group, comprising the holding company India Infoline Ltd. (NSE: INDIAINFO, BSE: 532636) and its subsidiaries, is one of the leading players in the Indian financial services space. India Infoline offers advice and execution platform for the entire gamut of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset management, Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India's leading online destinations for personal finance, stock markets, economy and business.

India Infoline has recently been awarded the 'Best Broker, India' by FinanceAsia. A forerunner in the field of equity research, India Infoline's research is acknowledged by none other than Forbes as 'Best of the Web' and "...a must read for investors in Asia". India Infoline's research is available not just over the Internet but also on international wire services like Bloomberg, Thomson First Call and Internet Securities, where it is amongst one of the most read Indian brokers.

A network of 976 business locations spread over 365 cities across India facilitates the smooth acquisition and servicing of a large customer base. All our offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of about a million customers, over a variety of mediums viz. online, over the phone and at our branches.

India Infoline refers to India Infoline Ltd and its group companies.


CONTACT DETAILS
Reshma Pai, Senior Manager - Corporate Communications, First Advantage Private Limited, +91 (22) 40697296, reshma.pai@FADV.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

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