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Stock impact report

Sterling Acquires Socrates Ltd., Latin America’s Largest Independent Background Screening Company

Sterling Check Corp. (STER) 
Company Research Source: GlobeNewswire
NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of background screening and identity services, today announced that it has acquired Socrates Ltd. (“Socrates”), the largest independent screening company in Latin America. This acquisition expands Sterling’s global presence into Latin America to serve the rapidly growing regional hiring needs of both multi-national and local clients. “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,” said Josh Peirez, CEO, Sterling. “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.” Founded in 2003, Socrates has operations centers in Brazil, Colombia, and Mexico. The company is known for extensive r Show less Read more
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