Vice President Of Finance
Minnesota , Mn, Us
Led 7 direct reports and total team of 18 responsible for financial reporting, treasury, budgeting, risk management, pricing, contract negotiation, data scientist development and direct sales support. • Facilitated sale of company to strategic buyer, First Advantage, executed due diligence, sale negotiations and software agreements• Through strategic negotiating with Auditors, increased EBITDA valuation by $6M• Implemented Microsoft Dynamics GP system upgrade that increased timeliness of financial reporting and integrated reporting into Microsoft SharePointALPHARETTA, GA. and Minneapolis, MN – October 30, 2013 – First Advantage, a Symphony Technology Group (STG) company and the leading global provider of screening analytic and identity solutions, today announced that it has entered into a definitive agreement to acquire competitor, Verifications, Inc., a Minneapolis based background checking and drug testing company. As a result of the acquisition, First Advantage will add over 4,000 new clients to its over 41,000 current client relationships that process more than 15 million applicants annually. The addition of the Verifications, Inc. screening business will quickly broaden First Advantage’s position in the growing small and mid-sized market place and strengthen the Company’s presence in key industries including staffing, healthcare and manufacturing. The Verifications, Inc. top client base boasts an average 12 year tenure including notable Fortune 100 companies. This acquisition will enable Verifications, Inc. clients to now have access to advanced solutions through the largest global footprint in the industry.The acquisition closed October 29, 2013, subject to customary closing conditions.