Sterling Talent Solutions Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

1 State Street Plaza

New York, NY, 10004, United States

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https://www.sterlingcheck.com/

54 Sterling Talent Solutions

Sterling Talent Solutions Strengths, Domain Expertise, and Key Differentiators

Sterling specializes in delivering background and identity services, establishing a solid foundation of trust and safety that extends across various industries, professions, and international borders. Utilizing technology-driven solutions, Sterling empowers organizations to cultivate positive environments for their employees, partners, and customers. With a global presence through multiple office locations, Sterling performs over 100 million searches each year.

Sterling Talent Solutions Recent Developments

In January 2023, Sterling acquired Socrates, an independent screening company in Latin America. This strategic move marks Sterling's entry into the Latin American market, positioning itself to cater to the escalating hiring demands of both multinational corporations and local clients in the rapidly growing region.

In November 2022, Sterling joined forces with the digital identity company Yoti to streamline background checks and enhance their digital identity solutions. This global partnership aims to extend Sterling's digital identity capabilities in the EMEA and APAC regions, advancing its vision to develop privacy-centric portable identities for candidates.

Sterling Talent Solutions Mergers and acquisitions (M&A) Activities

In February 2024, First Advantage Corporation, a company specializing in employment background screening, identity, and verification solutions, successfully acquired Sterling. The acquisition involved a mix of cash and stock, resulting in the valuation of Sterling at around $2.2 billion, inclusive of its existing outstanding debt.

In January 2024, Sterling completed the acquisition of Vault Workforce Screening, a clinic management platform based in the United States. This strategic move integrates a network of 17,000 clinics and a versatile service framework into Sterling's portfolio, bolstering its capabilities in drug and health services. The acquisition positions Sterling to offer enhanced screening solutions, particularly for employers in heavily regulated industries such as healthcare and transportation. This expanded capability aims to address staffing challenges, reducing time-to-hire and fostering improved employee retention for clients in these sectors. br>
In March 2023, Sterling completed the acquisition of A-Check Global in a strategically aligned deal, significantly broadening Sterling's footprint in crucial US sectors such as Healthcare, Industrials, and technology media.

Established in 1998, A-Check Global had been a part of the ActOne Group, a consortium of companies offering global workforce management, employment, and procurement solutions. The company was dedicated to delivering exceptional customer care, tailoring its services to meet the distinctive requirements of each client.

Sterling Talent Solutions Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sterling Talent Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Sterling Talent Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SterlingONE customers.

Sterling Talent Solutions Key Cloud and HCM Applications

SterlingONE

Sterling Talent Solutions HCM and Cloud HCM Applications Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Sterling Talent Solutions Revenue Breakdown by Type:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Sterling Talent Solutions Total and HCM Applications Revenues by Region:

Region% of Total Revenues2023 Total Revenues, $M2023 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Sterling Talent Solutions Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Sterling Talent Solutions Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Sterling Talent Solutions Customers


No. of Sterling Talent Solutions Customers: 50000

No. of Sterling Talent Solutions HCM Applications Customers: 50000

No. of Sterling Talent Solutions Cloud HCM Customers: 50000

No. of Sterling Talent Solutions Cloud HCM Subscribers: x


Operating across 20 offices in nine countries, the Sterling Talent team comprises over 3,500 employees dedicated to assisting and managing the global hiring, onboarding, and monitoring processes for more than 50,000 clients worldwide.

Noteworthy among its diverse clientele are prominent organizations such as Rx relief, Viatris, Winston Resources, Getinge, Fairplex, Physician Affiliate Group of New York, EG America, Navy Federal Credit Union, Edgewell Personal Care, Nomad Health, Avalara, Washington Metropolitan Area Transit Authority, Pacific Grove Hospital, 61st Street Service Corporation, Sanford Health, Kashiv BioSciences, Vermilion Behavioral Health Systems, and numerous others.

Sterling Talent Solutions Market Opportunities, M&A and Geo Expansions

In November 2023, Sterling disclosed its decision to rebrand Sterling RISQ as simply 'Sterling' in the Asia Pacific (APAC) region. This transition is synchronized with technological advancements aimed at providing top-tier global background screening and identity programs, coupled with unparalleled local proficiency. The rebranding initiative in APAC, accompanied by the reinforcement of global screening capabilities, is a strategic response to the growing trend of international hiring by employers worldwide in their quest for the most exceptional talent.

Sterling Talent Solutions Risks and Challenges

The primary emphasis is on background screening, a niche within the limited Human Capital Management (HCM) market. Solutions, such as Candidate Relationship Management or Applicant Tracking System (ATS), have the potential to catalyze the growth of the company as a software provider.

Sterling Talent Solutions Ecosystem, Partners, Resellers and SI

In November 2023, Sterling collaborated with Konfir, a UK-based provider of instant employment verifications, to elevate Sterling's background screening procedures. This partnership significantly accelerates the employment verification process, leading to an enhanced candidate experience. Leveraging Konfir's API-driven solution, employment verification information can now be retrieved within seconds, a substantial improvement compared to the previous turnaround time of days.

In July 2023, ID.me, the digital identity and credentials network, and Sterling jointly announced the extension of their exclusive agreement until July 2028, reaffirming their commitment to addressing the increasing demand for innovative identity solutions among US employers. Originally established in January 2021, this prolonged partnership underscores the dedication of both market leaders.

Since their initial collaboration in 2021, ID.me and Sterling have introduced a groundbreaking identity-first solution, enhancing pre-employment screening and fortifying hiring practices. This unique solution empowers employers to verify candidate identities through diverse methods, including telecom/device verification, government-issued ID checks, biometric face matching, and more.

Sterling has integration partners with leading ATS and other HCM providers, such as: iCIMS, Oracle, SAP SuccessFactors, Ultimate Software, greenhouse, Jobvite, Bullhorn, Snag, Lever, PageUp, Cadient Talent, Ceridian, Cornerstone OnDemand, and many more.

Sterling Talent Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details

Subscribe to read more about:

  • Sterling Talent Solutions Public Cloud and Infrastructure (IaaS)
  • Sterling Talent Solutions Platform (PaaS)
  • Sterling Talent Solutions Application Delivery
  • Sterling Talent Solutions Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

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