First Advantage (Nasdaq: FA) has acquired biometrics technology provider Infinite ID for $41 million in cash to expand its network and identity verification offerings for U.S. customers.
Hicksville, New York-headquartered Infinite ID is a portfolio company of private investment firm Enlightenment Capital and is expected to generate over $10 million in annual revenues, First Advantage said.
Scott Staples, CEO of First Advantage, noted that Infinite ID’s software complements First Advantage’s RightID and Digital Identity Services offerings and that the acquisition is a major milestone toward expanding the company’s product portfolio and core business.
Infinite ID offers biometric identification and authentication tools for defense and intelligence, national security, law enforcement, border security, disaster response and emergency management and corporate security.
First Advantage is an Atlanta, Georgia-headquartered provider of employment background screening and verification services to help employers reduce risk and maintain compliance.
