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EQT MID MARKET ACQUIRES COMPLIANCE AND INTEGRITY SERVICE PROVIDER DATAFLOW

Date: • 25 July 2014



• EQT Mid Market acquires majority stake in Dataflow, a leading immigration compliance and credential verification service provider headquartered in Hong Kong.

• Strategy is to support the continued growth and the development of new products as well as explore inroads to new clients via EQT’s Industrial Network

• Founders and management remain significant minority shareholders and further invest alongside EQT through a management participation program.

The EQT Mid Market fund (“EQT Mid Market”) has today acquired Dataflow Verification Services Limited (“Dataflow” or the "Company") from the founders. Dataflow is a leading provider of immigration compliance and credential verification service to governments, government-sanctioned authorities and private institutions.

Dataflow was founded in 2006 and is headquartered in Hong Kong. The Company has operations in the Gulf Cooperation Council (GCC) region, India, Jordan, Singapore and Malaysia, and has a team of around 450 experts and researchers. Dataflow helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example doctors, nurses or engineers, as part of mandatory immigration and credentialing programs, and processes more than 200,000 applications annually from 168 countries. Dataflow has relationships with over 25,000 issuing authorities such as schools, universities and other professional bodies around the world

The global demand for highly skilled specialists across industries and sectors has led to a rise in the movement of labor throughout the GCC region as well as between other countries in the world. The movement of skilled and highly educated labor has increased the demands for PSV services in order to avoid recruitments based on fraudulent credentials.

Following the growing requirements for PSV services, Dataflow has established a leading market position in the GCC region with high customer retention. Dataflow offers its clients tailored PSV services with high integrity and quality which are scalable, cost efficient and provide a quick turnaround time. The globalization and the continued movement of labor is expected to offer substantial growth opportunities in both existing and new clients and countries.

Mr. Douglas Nairne, Co-founder and Chief Executive Officer of Dataflow, said: “EQT Mid Market is an ideal partner as Dataflow plans to grow and expand further. EQT has an industrial and hands-on approach and we share the vision of creating value for our stakeholders and the communities we protect. We are excited to work with EQT and their network of Industrial Advisors. Together, we will continue to deliver superior services to our clients and serve and protect the communities they represent."

“We are impressed by the high quality of Dataflow’s compliance and integrity service offering. The management team has achieved to position Dataflow as a true leader and EQT looks forward to deploying its global resources to support its growth and development strategy further,” says Tak Wai CHUNG, Partner at EQT Partners, Investment Advisor to EQT Mid Market.

The parties have agreed to not disclose the transaction value

Contacts:

Tak Wai CHUNG, Partner at EQT Partners, Investment Advisor to EQT Mid Market, +852 2801 6823

Johan Hähnel, EQT Mid Market Spokesperson, +46 706 05 63 34

About EQT

EQT is the leading private equity group in Northern Europe, with portfolio companies in Northern and Eastern Europe, Asia and the US with total sales of more than EUR 25 billion and over 550,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. For further information please visit www.eqt.se

About Dataflow

Dataflow is a leading immigration compliance and credential verification service provider headquartered in Hong Kong. It helps governments, government-sanctioned bodies and private institutions to conduct primary source verification on credentials of high-risk, high value professionals, for example doctors, nurses and engineers, as part of mandatory immigration and credentialing programs. The Company offers tailored solutions and high quality service and is the “de facto” service provider in the GCC region.

For further information please visit www.dataflowgroup.com

The founders of Dataflow have founded, built and then sold two other specialist background companies, Quest Research Ltd and IntegraScreen Ltd. As a bit of background on us, we thought the following articles may be of interest:

"دبي لخدمات الإسعاف" توقع اتفاقية لتدقيق الوثائق

التاريخ: 29/02/2012
المصدر: دبي - "الخليج"


وقعت مؤسسة دبي لخدمات الإسعاف اتفاقية مع شركة داتا فلو المتخصصة في التدقيق على الوثائق والشهادات العلمية والعملية بهدف التحقق من صحة أي وثيقة تقدم للمؤسسة سواء بغرض التوظيف أو الترخيص للأفراد .

وقع الاتفاقية خليفة الدراي المدير التنفيذي لمؤسسة دبي لخدمات الإسعاف وماثيو باول كين الرئيس التنفيذي للشركة في دبي .

وقال الدراي إن الإجراء يأتي في إطار إطلاق مبادرة جديدة لضمان مصداقية الوثائق والمعلومات الواردة إلى المؤسسة سواء بالنسبة للشهادات العلمية أو الخبرات الشخصية .

يذكر أن داتا فلو شركة عالمية رائدة في مجال التحقق من الوثائق ويقع مقرها الرئيسي في سنغافورة ولديها فروع في عدة دول في الشرق الأوسط وجنوب آسيا من بينها دبي ودلهي وكراتشي ولها شراكات واتفاقات مهنية مع عدد كبير من الدوائر والهيئات في الإمارات .

http://www.alkhaleej.ae/portal/44b36b56-02bf-4145-9ba1-ebae3456b962.aspx

Dubai Ambulance Services signed an agreement to audit

Date: February 29, 2012
Published By: AL Khaleej newspaper



Signed the Dubai Foundation for ambulance services agreement with a company specialized in Data if checking the documents and certificates and the process in order to verify the authenticity of any document provided to the institution whether for employment or licensing of individuals.

The agreement was signed Aldraa Khalifa, CEO of Dubai Ambulance Services and Matthew Ken Powell, CEO of the company in Dubai.

He said Aldraa The action is part of the launch of a new initiative to ensure the credibility of the documents and information received by the institution, both for the certificates of scientific or personal experiences.

The Data If a global leader in the field of verification of documents and is headquartered in Singapore, with branches in several countries in the Middle East and South Asia, including Dubai, Delhi, Karachi and has partnerships and agreements, professional with a large number of departments and authorities in the UAE.

http://www.alkhaleej.ae/portal/44b36b56-02bf-4145-9ba1-ebae3456b962.aspx

«دبي لخدمات الإسعاف» توقع اتفاقية للتدقيق على الشهادات العلمية

التاريخ: 29 فبراير 2012
المصدر: • دبي _ البيان



وقعت مؤسسة دبي لخدمات الإسعاف اتفاقية مع شركة داتا فلو المتخصصة في التدقيق على الوثائق والشهادات العلمية والعملية بهدف التحقق من صحة أي وثيقة تقدم للمؤسسة سواء بغرض التوظيف أو الترخيص للأفراد .

وقع الاتفاقية خليفة الدراي المدير التنفيذي لمؤسسة دبي لخدمات الإسعاف وماثيو باول كين الرئيس التنفيذي للشركة في دبي.

وقال الدراي إن هذا الإجراء ياتي في إطار إطلاق مبادرة جديدة لضمان مصداقية الوثائق والمعلومات الواردة إلى المؤسسة سواء بالنسبة للشهادات العلمية أو الخبرات الشخصية.

يذكر أن داتا فلو شركة عالمية رائدة في مجال التحقق من الوثائق ويقع مقرها الرئيسي في سنغافورة ولديها فروع في عدة دول في الشرق الاوسط وجنوب آسيا من بينها دبي ودلهي وكراتشي ولها شراكات واتفاقات مهنية مع عدد كبير من الدوائر والهيئات في الإمارات.

الدراي مع ماتيو باول عقب توقيع الاتفاقية

http://www.albayan.ae/across-the-uae/education/2012-02-29-1.1602361

Dubai Ambulance Services Signs Agreement with DataFlow

Date: February 29, 2012
Published By: AL BAYAN newspaper



Dubai Corporation for ambulance services signed an agreement with DATAFLOW group; a company specialized in checking the documents and certificates in order to verify the authenticity of any document provided to the institution whether for an employment or licensing issues for individuals.

The agreement was signed by Mr. Aldraa Khalifa, CEO of Dubai Ambulance Services and Mr. Matthew Kane Paul, CEO of DATAFLOW Company in Dubai.

Aldraa stated that the purpose of the agreement is to start a new initiative to ensure the credibility of the documents and information received by the company, either for the education certificates or for personal and employment experiences.

DATAFLOW group is a global and worldwide company leading in the field of verification of documents and the headquarter is in Singapore, with branches in several countries in the Middle East and South Asia, including Dubai, Delhi, Karachi and has partnerships and agreements with a large number of professional departments and authorities in the UAE.

Mr. Aldraa with Mr. Matthew Powell, following the signing of the agreement

http://www.albayan.ae/across-the-uae/education/2012-02-29-1.1602361

World-Check Announces Acquisition of IntegraScreen

Date: 2009-Feb-4
Published By: The Telegraph



LONDON, February 4 /PRNewswire/ -- World-Check today announced the acquisition of IntegraScreen, a leading provider of due diligence services to corporations and governments worldwide.

http://telegraph.uk-wire.com/Article.aspx?id=20090204060000NM419

US$599 for an instant degree

Date: 2008-Sep-1
Published By: The Straits Times


Job recruiters and resume screening companies though cautioned that degree fraud was happening on a much larger scale here, with one company IntegraScreen saying that 5 per cent of the degrees it vets are found to be false.

http://www.asiaone.com/News/Education/Story/A1Story20080829-84944.html

Hundreds with fake degrees nabbed

Date: 2008-Aug-11
Published By: The Straits Times



IntegraScreen, which does screening work for the immigration authorities in several countries in Asia and the Middle East, said about 5 per cent of the resumes they screen are found to be fake.

http://www.asiaone.com/News/Education/Story/A1Story20080808-81391.html

Lehman Brothers - 2007 Security Industry Annual Report

Date: 2007-Nov-1
Published By: The Economics Times



Indeed, we regard IntegraScreen as one of the five most exciting companies we visited (public or private) at the September 2007 ASIS Security trade show (the largest show from the largest organization in the industry.

http://theq2group.com/uploads/news-doc-001.pdf

'140 Indian companies provided bogus employment references'

Date: 2007-Nov-23
Published By: The Economics Times



John Baxter, Managing Director of IntegraScreen, said that setting up organisations that can validate an individual's personal documentation could be an important step to check such frauds. To grant qualified access to overseas immigration departments can also simplify the visa procedures, he said.

http://economictimes.indiatimes.com/news/news-by-industry/services/travel/visa-power/140-Indian-companies-provided-bogus-employment-references-/articleshow/2565171.cms

Labour mobility and immigration controls hampered by fraud, says new Economist Intelligence Unit report

Date: 2007-Oct-24
Published By: Korea Newswire



Seoul (Korea Newswire) October 24, 2007 -- The Economist Intelligence Unit, the business-to-business arm of the Economist Group, which publishes The Economist magazine, today launches a new report, entitled Paper chase: Document fraud in the immigration process. The report was researched and written by the Economist Intelligence Unit and was sponsored by IntegraScreen.

http://www.newswire.co.kr/newsRead.php?no=292019&lmv=A02


IntegraScreenTM Partners with British High Commission for Document Verification

Date: 2007-Mar-6
Published By: Business Wire India



The British High Commission in India and IntegraScreenTM, an international provider of document and information verification services, today announced a voluntary scheme to expedite the processing of visas for travellers to the UK.

http://www.businesswireindia.com/PressRelease.asp?b2mid=12178

UK visa verification from IntegraScreen

Date: 2007-Mar-23
Published By: The Hindu Business Line



Mr Yogesh Bhura, Director, IntegraScreen Services, Mumbai, said the UK visa departments in Delhi, Mumbai, Chennai and Kolkata would give priority to applications verified by IntegraScreen. The company provides identical services in the UAE, where it was compulsory, he said.

http://www.thehindubusinessline.com/2007/03/23/stories/2007032303470300.htm

Someone's checking up on you!

Date: 2005-Jun-1
Published By: rediff.com India Limited



Confirms Yogesh Bhura, managing director, Quest Research: "Indian companies have begun to recognise the need for a pre-employment check to counter attrition and the theft of data."

http://www.rediff.com/money/2005/jun/01spec1.htm

First Advantage Corporation Acquires International Employment Screening Firm Quest Research Ltd.

Date: 2005-May-2
Published By: PR Newswire Association LLC



Headquartered in Mumbai, India, Quest Research currently provides comprehensive screening programs for more than 200 companies with presence in India and East Asia, including multinational corporations in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.

http://www.thefreelibrary.com/First+Advantage+Corporation+Acquires+International+Employment...-a0132057809