Sterling Check Corp Acquires Socrates Ltd DEFOREST Abogados advised Latin American firm Socrates, the region’s largest provider of verification services, on its acquisition by leading background and identity verification company Sterling Check. Sterling is a Nasdaq-listed company that provides identity and background checks to more than 50,000 clients across all sectors, allowing companies to improve their work environments as well as their relationships with partnerships and users. Sterling performed more than 95 million identity verification searches in 2021. Since its founding in Brazil in 2003, Socrates has expanded its operations to Colombia and Mexico. Among its offering, the firm provides its clients with services for criminal and background checks, credit record checks and employment and education qualification checks. Sterling has acquired the firm as part of a move to expand its services throughout Latin America and improve its offering to its regional clients. Robert Jones, CEO of Socrates, celebrated the move in a statement. “We are very pleased to join Sterling and are proud of this next chapter for our company. We look forward to combining our regional experience in Latin America with Sterling’s best-in-class customer service model,” he said. ABOUT THE DEAL 82 LAWYER MONTHLY MAY 2023
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