Provider of global research and compliance tech Blue Umbrella has recently announced the sale of its pre-employment screening (PES) branch to global provider of HCM and risk management solutions firm Cisive.
Blue Umbrella will now focus all of its efforts on developing industry-leading third-party due diligence technology powered by global research.
“The pre-employment screening division has been an important part of our business, but it has become apparent that Blue Umbrella’s most significant growth opportunities are in third-party compliance research and technology,” said Allan Matheson, CEO of Blue Umbrella. “Cisive is the perfect partner for our PES division, as they have a similar high-touch, high-quality approach. Cisive’s intense focus, resources, and depth of management dedicated to building a global PES business will benefit Blue Umbrella PES staff, clients and partners. We thank all those who have played a role in building Blue Umbrella’s PES business and know their futures will be bright with Cisive.”
“The acquisition of Blue Umbrella PES is a critical step in accelerating Cisive’s global expansion into Asia, EMEA, and South America,” said James Owens, Cisive’s President, and CEO.
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