Navigation Links
First Advantage Invests in Workstream Inc.
Date:7/20/2011

ST. PETERSBURG, Fla., July 20, 2011 /PRNewswire/ -- First Advantage, a leading global provider of talent acquisition and electronic data solutions, today announced that it has made a significant minority investment in Workstream Inc., headquartered in Maitland, Florida. The investment in Workstream was announced by Todd Mavis, CEO of First Advantage.  

Workstream is a supplier of talent acquisition and talent management solutions and services for employers.  The company's Software as a Service (SaaS) solutions help employers manage critical issues relating to the performance, development and compensation of personnel.  Workstream's innovative systems are delivered in a Software as a Service (SaaS) offering to employers in a range of market segments.  

Commenting on the investment, John Long, Workstream CEO, said:  "We welcome the investment from First Advantage as we continue to execute on our business plan to build a leading software and technology-enabled services business.  We are focused on the critical needs of employers to match their talent strategy with their business strategy in key areas such as recruitment, performance, development and compensation management.  This strategic investment will help drive innovative business concepts and continued growth of Workstream's offering."

"First Advantage is an excellent, visionary company and this relationship will benefit Workstream going forward," Long added, "There are potential ways to capitalize on innovative research resources and a powerful international distribution network.  This investment will help us move faster with our ambitious growth objectives." 

First Advantage supplies a range of human resource and legal support services.  These services are used by over ten thousand employers for the recruitment, screening, on-boarding and assessment of job applicants and current personnel. 

Making the announcement, Todd Mavis, CEO of First Advantage, said:  "We are investing in Workstream for its high speed of innovation and entrepreneurial approach to bringing important solutions to the fast-growing human capital market.   The services offered to employers are complementary to our own and bring exciting potential opportunities for our business."

In connection with the investment, Marc Bala, a Director of First Advantage and Principal with Symphony Technology Group, Palo Alto, California, will join the Workstream, Inc. Board of Directors.

About First Advantage

First Advantage combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of talent acquisition solutions including employment background screening, occupational health services, recruiting solutions, skills and behavioral assessments and business tax consulting services.  First Advantage is headquartered in St. Petersburg, FL and has offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.

About Workstream

Based in Maitland, Florida, Workstream (OTCBB:WSTMF), supplies technology solutions and services to help employers improve Talent Acquisition and Talent Management.  The company is a leader in Software as a Service (SaaS) solutions to help employers manage their workforces in areas such as recruitment, compensation, performance, total rewards, employee communication and hiring tax credits and incentives.   Additional information is available at www.workstreaminc.com.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission, including but not limited to those set forth under "Risk Factors" in Workstream's annual report on Form 10-K.  The forward-looking statements herein reflect the company's expectations as at the date of this press release and are subject to change after this date.


'/>"/>
SOURCE First Advantage
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Dr. Andreas Kuthe Performs First Laparoscopic Procedures Using Cardicas Microcutter XPRESS™ 30 Surgical Cutting and Stapling Device
2. Abaxis to Report First Quarter Fiscal Year 2012 Financial Results Thursday, July 28, 2011
3. Intelsius Forms Strategic Partnership With American Thermal Instruments to Launch Industrys First Fully Integrated Temperature-Controlled Packaging and Monitoring Solution
4. Dehaier Opens First Oxygen Filling Facility and First Service Center for Home Oxygen Therapy Service in Beijing
5. Kessler is the First Rehabilitation Center in the Nation to Use New Robotic Gait Training System
6. First Reportable Data of EarlyCDT™-Lung Use in Clinical Practice Presented at IASLC World Conference on Lung Cancer
7. Ampio Pharmaceuticals Announces Treatment of First Patient in Phase 1b Ampion-In -Knee (AIK) Trial for Osteoarthritis in Australia
8. The Worlds First 3D LASIK AND Tennessees First 3D Cataract Surgery Performed
9. FDA Approves Lazanda® - First Fentanyl Nasal Spray - for the Management of Breakthrough Pain in Cancer Patients
10. Global Medical Imaging Launches Worlds First Ultrasound Maintenance App
11. Video Features Worlds First Essential Tremor Patient Treated With Noninvasive MR-Guided Focused Ultrasound
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... , May 26, 2016 Since ... matured into an essential life science tool for conducting ... applications. BCC Research reveals in its new report that ... growth phase, one powered by a range of new ...      (Logo: http://photos.prnewswire.com/prnh/20140723/694805 ) , ...
(Date:5/25/2016)... GERMANTOWN, Maryland , May 25, 2016 ... bedient dringenden Bedarf zur ... QIAGEN N.V. (NASDAQ: QGEN ; Frankfurt ... und Entwicklungsvereinbarung mit Therawis Diagnostics GmbH zur Entwicklung ... zu sein. Ein erstes Projekt wird die Entwicklung ...
(Date:5/25/2016)... , May 25, 2016  According to Kalorama ... $381 billion in 2015.  Though these are challenging ... of opportunity for success for companies that remain ... search of new growth prospects medical device companies ... research and development (R&D) than do companies in ...
Breaking Medicine Technology:
(Date:5/27/2016)... , ... May 27, 2016 , ... With over 60 ... walk, the demand for a sustainable product to aid in the rehabilitation process has ... in the recovery of individuals with hemiplegia due to stroke. , Ekso Bionics has ...
(Date:5/27/2016)... New York, NY (PRWEB) , ... May 27, ... ... caregivers to casual readers, this installment is bolstered by inspiring human-interest stories, courtesy ... trends and tech within the industry, from leading advocates, associations and industry leaders ...
(Date:5/27/2016)... ... 27, 2016 , ... Beleza Medspa has initiated a new program ... is the first time that Coolsculpting is being used for for more than just ... ensure they meet the prescribed body-fat standard, measured by the circumference-based tape method. ...
(Date:5/27/2016)... New York, NY (PRWEB) , ... May 27, 2016 , ... ... bolstered by inspiring human interest stories, which come courtesy of leaders in the nursing ... within the industry, from leading advocates and associations—namely Abilene Christian University. , As ...
(Date:5/27/2016)... , ... May 27, 2016 , ... ... name in the pharmaceutical, medical and food industries. Aside from its GMP accreditation, ... (SIC), providing proof of successfully certified products, services and staff. , Validation Center ...
Breaking Medicine News(10 mins):