SOURCE: First Advantage

First Advantage

February 19, 2013 07:00 ET

First Advantage Appoints New Chief Technology Officer

Stefano Malnati Brings Extensive Product Management and Software Development Experience to New Role

ST. PETERSBURG, FL--(Marketwire - Feb 19, 2013) -  First Advantage, the leading global provider of comprehensive talent acquisition solutions, today announced that Stefano Malnati, a software development expert with two decades of experience, has been appointed as the company's new CTO. In this role, Malnati will leverage his extensive background in managing the development of web-based enterprise applications to drive continuous innovation and improvement of First Advantage's technology solutions.

Prior to joining First Advantage, Malnati served as senior vice president of Engineering for Vendavo, where he was responsible for leading the development of the company's price management and optimization software platform and solutions. He previously worked for HireRight, driving the expansion of its SaaS employment screening solutions as senior vice president of Engineering. Earlier in his career, Malnati held executive-level positions with several software development companies, including ImpactXoft, TIBCO Software and Centric Software, working in collaborative development environments to create various business applications and software solutions for each organization.

Malnati joins First Advantage during a time of significant growth and expansion. The company has recently entered into an agreement to acquire the employee and resident screening business of LexisNexis Risk Solutions, making it the global leader in talent acquisition solutions. As First Advantage continues to grow and develop additional solutions that give businesses the tools they need to enhance their recruiting and hiring practices, Malnati will play a key role in leading the strategic direction of the company's new product initiatives.

"As our organization continues to grow, it is integral that we have the right resources in place to steer the development of our business solutions and ensure they meet the needs of our clients," said Jack Freker, CEO of First Advantage. "Stefano's proven expertise and success in spearheading the creation of cutting-edge software will make him a great asset to our team and ensure our clients benefit from high-quality and best-in-class talent acquisition solutions."

"First Advantage is an industry leader in delivering software products that help businesses around the globe improve their talent acquisition processes across the entire employment continuum," said Malnati. "I am very honored to join the company during this period of high growth and look forward to leading the development of solutions that further enhance the way employers find the right people for their organizations."

About First Advantage
First Advantage combines domain expertise, technology solutions and data to create proprietary products and services that organizations worldwide use to make smarter business decisions. First Advantage is the leading provider of talent acquisition solutions, including employment background screening, occupational health services, recruiting solutions, skills and behavioral assessments and business tax consulting services. Headquartered in St. Petersburg, Florida, First Advantage has offices throughout North America, Europe and Asia. More information about First Advantage can be accessed at www.fadv.com.

About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and being a partner in building great software and services companies. In addition to capital, STG provides transformation expertise to enable its portfolio companies to deliver more value to clients to retain and attract the best talent and to achieve best-in-class business performance. All STG portfolio companies are expected to grow through innovation. STG's current portfolio consists of 12 global companies with combined revenue of approximately $2.5 billion and thousands of employees spread across North America, Europe and Asia. For more information, please visit www.symphonytg.com.