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BSI Acquires First Advantage's Supply Chain Security Division

Buy includes First Advantage's Supplier Compliance Manager Web tool and Quantitative Risk Solutions loss prevention assessment program
RESTON, Va., May 27 /PRNewswire/ -- BSI today announced the completion of its acquisition of the Supply Chain Security Division of First Advantage Corporation. BSI assumes ownership of First Advantage's Supplier Compliance Manager(R) Web based C-TPAT, AEO and PIP supplier assessment tool; Quantitative Risk Solutions loss prevention assessment program and its proprietary databases. Terms of the transaction were not disclosed.

Based in Phoenix, Arizona, the Supply Chain Security Division of First Advantage is a strategic addition to BSI's business. "By synchronizing the Supply Chain Security applications with assessment services and enterprise software solutions, BSI now offers customers a unique proposition encompassing both supply chain security and compliance," said Dan Purtell, Vice President, Supply Chain Solutions.

This acquisition is an important strategic step that emphasizes BSI's vision of providing comprehensive supply chain risk mitigation solutions to the market. The synergistic combination of services will provide customers with a one-stop-shop for assessing trade compliance standards throughout the supply chain, while additionally populating assessments with risk factors derived from BSI's new proprietary cargo tampering and anti-Western terrorism exposure databases. Customers benefiting from the joined up solution will be provided a scientifically validated approach to assessing supplier risk while ensuring their cargo importation is accelerated.

"Today is a significant step forward in our ability to offer our customers a single source supply chain solution that enables us to deliver risk and assessment solutions. We have developed this portfolio with the goal of automating the supplier risk assessment process across the entire supply chain. Our patented IP coupled with our capability of delivering onsite risk assessments globally advances BSI's vision of a seamless and robust offering in risk mitigation," said Todd VanderVen, President, BSI America.

About BSI

BSI is a global independent business services organization that inspires confidence and delivers assurance to over 80,000 customers with standards-based solutions. Originating as the world's first national standards body, BSI has over 2,400 staff operating in over 120 countries through more than 50 global offices. BSI's key offerings are:

-- The development and sale of private, national and international standards and supporting information that promote and share best practice -- Second and third-party management systems assessment and certification in all critical areas of management disciplines -- Product testing and certification of services and products including Kitemark(R), one of world's most recognized quality symbols -- Certification of high-risk, complex medical devices -- Performance management software solutions -- Training services in support of standards implementation and business best practice.

For further information please visitwww.bsiamerica.com

Media Contact: Shereen Abuzobaa VP Marketing 703-464-1931 [email protected]

Dan Purtell VP Supply Chain Solutions [email protected]