First Advantage Acquires TruStar Solutions

ST. PETERSBURG, Fla. (AP) -- First Advantage Corp., a provider of risk management services, said on Monday that it agreed to acquire online recruitment firm TruStar Solutions Inc. for an undisclosed sum.
TruStar, a Fishers, Ind.-based firm owns a variety of Web recruitment technologies, including a job posting tool that distributes listings to several job boards, as well as an interactive advertising tool.

Separately Monday, brokerage firm Morgan Keegan downgraded the stock to "Market perform" from "Outperform," on valuation concerns.

Shares of First Advantage, which have traded between $18.48 and $31.07 over the last year, slid $1.76, or 5.8 percent, to $28.80 in afternoon trading on the Nasdaq.

TruStar Solutions