Sterling, a global provider of background screening and identity services, has acquired Latin American screening business Socrates for an undisclosed fee.
This acquisition expands Sterling’s global presence into Latin America to serve the rapidly growing regional hiring requirements of both multi-national and local clients.
Founded in 2003, Socrates has operations centers in Brazil, Colombia, and Mexico. The company is known for extensive regional coverage that delivers background screening. Their services include criminal background checks, employment and education verifications, and credit checks.
Socrates’s management team will join the Sterling leadership team, building upon Sterling’s proven model of bringing deep regional expertise, innovative localized solutions, and unrivaled client service to deliver growth in the region.
Sterling CEO Josh Peirez said, “This is an incredible opportunity to expand Sterling’s presence into a region with rapidly increasing hiring demand across our clients, especially in financial services and technology. The Socrates team has built a highly reliable operational model and suite of screening services, guided by their people-first, client-centric values that are a perfect fit with the Sterling culture.”
Socrates executive director Robert Jones added, “We are excited to join Sterling and are proud of this next chapter for our company. We look forward to combining our regional expertise in Latin America with Sterling’s best-in-class client service model.”
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Copyright © 2018 RegTech Analyst
