BSI Group, a multinational standards and training company based in Britain, has acquired the supply chain security business of California-based First Advantage Corp. [FADV], allowing it to offer its customers supply chain security and compliance solutions.
Terms of the transaction were not disclosed.
BSI said the acquisition includes First Advantage’s Supplier Compliance Manager Web based supplier assessment tool for Customs and Border Protection’s Customs-Trade Partnership Against Terrorism, Canada’s Partners in Protection Programs, and the European Union’s Authorized Economic Operator programs. The deal also includes First Advantage’s Quantitative Risk Solutions loss prevention assessment program and its proprietary databases.
“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,” Dan Purtell, vice president for Supply Chain Solutions at BSI, said in a statement.
BSI said the acquisition gives its customers a “one-stop-shop” to assess trade compliance standards throughout the supply chain and the ability to populate the assessments with risk factors from the company’s own cargo tampering and anti-Western terrorism exposure databases.
The deal 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,” Todd VanderVen, president of BSI’s U.S.-based business, said in a statement. “We have developed this portfolio with the goal of automating the supplier risk assessment process across the entire supply chain.”