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First Advantage acquires Infinite ID in $41 million deal

September 11, 2023

First Advantage Corp., a provider of employment background screening headquartered in Atlanta, acquired Infinite ID, a New York-based digital identity authentication solutions provider and portfolio company of Enlightenment Capital. The transaction, valued at $41 million in cash, was funded from First Advantage’s balance sheet and expands its network and portfolio of identity solutions in the US.

“We are excited to add Infinite ID’s advanced technology and solutions to the First Advantage portfolio,” First Advantage CEO Scott Staples said in a press statement. “This acquisition builds on our digital strategy with one of the most comprehensive digital collection networks in the industry and supports our ongoing commitment to providing high-value offerings that help keep our customers’ businesses safe.”

Founded in 2021, Infinite ID provides fingerprinting and biometrics to government agencies and corporations across the US. The company is expected to generate revenue of more than $10 million annually.