Sterling Check Corp. (NASDAQ: STER), a New York-based provider of background screening and identity services, acquired Socrates, an independent screening company in Latin America.
The amount of the deal was not disclosed.
This acquisition expands Sterling’s global presence into Latin America to serve the regional hiring needs of both multi-national and local clients.
Founded in 2003, Socrates provides such services as criminal background checks, employment and education verifications, and credit checks. The company, which has operations centers in Brazil, Colombia, and Mexico, is known for extensive regional coverage that delivers compliant background screening.
Led by Josh Peirez, CEO, Sterling is a provider of background and identity services that offers background and identity verification for over 50,000 clients across all industries to establish environments for their workers, partners, and customers. With operations around the world, the company conducted more than 95 million searches in the twelve months ending December 31, 2021.
FinSMEs
05/01/2023