SterlingBackcheck has acquired RISQ Group, an Australian provider of employment background check services in the Asia-Pacific region. No financial terms were disclosed. New York-based SterlingBackcheck, which operates in the same industry, said the deal builds on two prior acquisitions intended to expand its global footprint. SterlingBackcheck is a portfolio company of the Caisse de dépôt et placement du Québec and Goldman Sachs. The latter jointly bought a majority interest in the company in June 2015.
SterlingBackcheck Acquires RISQ Group, a Leading Provider of Employment Background Screening in the Asia-Pacific Region
Acquisition Continues to Broaden SterlingBackcheck’s Global Footprint
NEW YORK, June 6, 2016 – SterlingBackcheck, one of the world’s largest background screening and HR solutions companies, announced today that it has acquired RISQ Group (RISQ), an industry leader in employment background checks across the Asia-Pacific region. Terms of the transaction were not disclosed.
RISQ is widely recognized for high-quality background screening programs and its deep client-centric focus. RISQ operates out of six offices in the Asia-Pacific region, including Singapore, Australia, Malaysia, Hong Kong and Mainland China.
Clare Hart, CEO of SterlingBackcheck said, “With the acquisition of RISQ, we are taking another meaningful step towards becoming the true global leader in background screening and HR solutions. RISQ’s regional expertise and presence adds to our already significant operational capabilities around the world and solidifies our commitment to serving the global background screening needs of our clients.”
“We are very excited to be joining forces with SterlingBackcheck to help us deliver an unrivaled mix of local and global background screening expertise to our clients in the region,” said Nick Roberts, CEO of RISQ. “SterlingBackcheck shares our absolute commitment to becoming a trusted partner for our clients through superior service, technology development and by focusing on the ever-changing regulatory and compliance landscape.”
RISQ joins SterlingBackcheck as it accelerates its multiyear strategy of domestic and global expansion. In November 2015, SterlingBackcheck acquired EmployeeScreenIQ, a global provider of employment background checks and substance abuse screening services, and in January 2016, the Company announced its merger with TalentWise, a leading cloud solution provider for the Human Capital Management industry focused on helping HR executives build and maintain compliant workforces. This M&A activity follows the announcement in June 2015 that Goldman Sachs and La Caisse de dépôt et placement du Québec (CDPQ) had acquired a majority interest in the Company.
SterlingBackcheck helps employers across the globe make smart hiring decisions and onboard new employees through a comprehensive suite of superior employment background screening services and cloud-based
human capital management solutions. The foundation of our technology is rooted in compliance, and we embrace industry standards and corporate policies as well as global and U.S. federal, state, and local
government regulations. SterlingBackcheck is passionate about client success and continuously invests in unique, empowering technology solutions. We are accredited by the National Association of Professional
Background Screeners (NAPBS), a distinction earned by fewer than ten percent of all employment screening companies. For more information visit: www.sterlingbackcheck.com.
ABOUT RISQ GROUP
RISQ Group is the go-to employment screener for the Asia Pacific region. RISQ combines granular local knowledge with global sophistication. We are your single point of contact – always reliable; always accountable;
always compliant; and always speaking your language. To learn more about what RISQ can offer you, please visit www.risqgroup.com.
Photo courtesy of RISQ Group