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GlobalOptions Acquires First Advantage's Investigative Unit

By Brad Jenkins

NEW YORK & POWAY, Calif.--(BUSINESS WIRE)--April 21, 2008--GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, and First Advantage Corporation (NASDAQ: FADV), a global risk mitigation and business solutions provider, today announced a new strategic alliance in which both companies will cross-sell each other's complementary risk management services. The two companies also announced that GlobalOptions has acquired the surveillance assets of First Advantage's subsidiary, First Advantage Investigative Services. The transaction does not include First Advantage Investigative Services' due diligence operation, which provides unique, data driven services mainly for hedge fund investors.

Under the terms of the strategic business alliance, GlobalOptions and First Advantage will offer their existing and prospective clients a combined portfolio of services. First Advantage will have the opportunity to offer its clients GlobalOptions Group's three main areas of service: fraud and SIU investigations, crisis management and preparedness services and security consulting and investigations. GlobalOptions will be able to draw upon First Advantage's diverse client base and comprehensive suite of global talent acquisition solutions.

"We are pleased to partner with GlobalOptions, which has built an organization that combines the very best in experience and expertise across the risk management space," said Anand Nallathambi, president and chief executive officer of First Advantage Corp. "This strategic alliance will benefit both our companies with an expanded suite of service solutions and enable us to deliver premier risk mitigation services to our valued clients."

Full post as published by Litigation support industry business news and information on April 22, 2008 (boomark / email).