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First Advantage Expands Litigation Support eDiscovery Services With Purchase of True Data Partners
8 October 2005First Advantage Corporation (Nasdaq: FADV), a global risk mitigation and business solutions provider, today announced that the company has acquired True Data Partners, an international litigation support eDiscovery firm. Following First Advantage's growth strategy, this transaction enhances the eDiscovery consulting services offered by its subsidiary, First Advantage CoreFacts, providing a comprehensive, one-stop solution for law firm and corporate legal department clientele worldwide. From initial document request through production, True Data Partners delivers a full range of electronic discovery services, including complete foreign language processing and translation. With processing facilities headquartered in South Pasadena, Calif., the company has offices in New York, Los Angeles, San Francisco, Chicago, Washington, D.C. and Tokyo. "True Data Partners quality processing and hosting capabilities are a perfect fit with the premiere forensics, data recovery and litigation consultancy services of First Advantage CoreFacts," said John Long, chief executive officer of First Advantage Corporation. "The addition of their resources allows First Advantage CoreFacts to deliver a full range of eDiscovery processing services and enhances our forensics, expert witness and consulting offerings. As a result, we are better strategically positioned to elevate our leadership position in the marketplace, both domestically and internationally." Jorge Montanez, partner of True Data Partners, said, "Our company has long been committed to delivering high quality, fast, cost controlled services to our clients. As we join with First Advantage CoreFacts, True Data Partners customers will gain access to complementary resources and industry expertise in areas beyond eDiscovery. For our customers, that will mean expert litigation consulting service enhancements to the solutions we currently provide today." True Data Partners will market its services under the First Advantage CoreFacts brand and will align with First Advantage's Investigative and Litigation Support Services business segment.
About First Advantage Corporation First Advantage Corporation (Nasdaq: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of business credit information in the transportation industry; consumer credit information in the mortgage, automotive and subprime markets; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; renters insurance and consumer location services. First Advantage ranks among the top three companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has 3,300 employees in offices throughout the United States and abroad. More information about First Advantage can be found at http://www.FADV.com. First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889. First American is the nation's largest data provider, supplying businesses and consumers with information resources in connection with the major economic events of people's lives. Additional information about the First American Family of Companies can be found at http://www.firstam.com.
Certain statements in this press release, including those related to the execution of the company's growth strategy and marketplace expansion are forward looking. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: general volatility of the capital markets and the market price of the company's Class A common stock; the company's ability to successfully raise capital; the company's ability to identify and complete acquisitions and successfully integrate businesses it acquires; changes in applicable government regulations; the degree and nature of the company's competition; increases in the company's expenses; continued consolidation among the company's competitors and customers; unanticipated technological changes and requirements; the company's ability to identify suppliers of quality and cost-effective data, and other risks identified from time-to-time in the company's SEC filings. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Investors are advised to consult the company's filings with the SEC, including its 2004 Annual Report on Form 10-K, for a further discussion of these and other risks.
First Advantage Contacts:
Renee Svec Cindy Williams Director - Marketing & Communications Investor Relations Manager 727.214.3411, ext. 212 727.214.3438 rsvec@FADV.com clwilliams@fadv.com
Source: PR Newswire
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