Accurate Background, an Irvine, CA-based provider of compliant, automated workforce screening solutions, is to acquire CareerBuilder Employment Screening (CBES) from CareerBuilder.
The amount of the deal was not disclosed.
The transaction, which is subject to customary regulatory approvals, is expected to close by the first quarter of 2020. It will be supported by an investment from the Apax Digital Fund, the technology-focused growth equity fund advised by global private equity advisory firm Apax Partners. In conjunction with the investment by the Apax Digital Fund, Marcelo Gigliani and David Evans will join the Board of Directors of Accurate Background.
The combined entity will operate under the Accurate Background brand and create a company focused on technology innovation, customer service, candidate experience, and delivery at scale. Through a strategic partnership agreement, CareerBuilder will continue to offer Accurate’s employment screening services to clients. The acquisition of CBES, which offers complementary background screening and drug-testing services and technology to employers in the U.S. and abroad, is expected to strengthen Accurate’s pre-and post-employment screening leadership.
Led by Dave Dickerson, Founder and CEO, Accurate Background is a provider of automated workforce screening to U.S. and international clients across all industries, from emerging businesses to Fortune 500 companies. CareerBuilder is a global technology company that provides end-to-end talent acquisition solutions to allow employers to find, hire and onboard great talent, and to allow job seekers to build new skills and progressive careers as the modern world of work changes. The company operates in the United States, Canada, Europe and Asia.
FinSMEs
05/02/2020