Poway, California-based First Advantage Corp., a risk management and business solutions provider, said last week that the company is pleased with its overall financial performance in 2007.

Last year, First Advantage had a reported income from continuing operations of $77.4 million for the fourth quarter, compared to $27.6 million for the same period a year earlier.
For the entire year, the company recorded $124 million in income from continuing operations, compared to $65.6 million for the year prior.
“Considering the stiff headwinds encountered due to the economic environment, particularly in the mortgage credit and lead generation areas, we are pleased with our financial performance for the year 2007,” said Anand Nallathambi, First Advantage president and chief executive officer.
The company, which  recently purchased CredStar—a mortgage reporting division of Fiserv—and background screening company Verify Ltd., also found significant successes in business segments related to litigation and compliance.
“We are also pleased with the results of our Investigative and Litigation Support Services segment. Our e-discovery and professional services business, which includes computer forensics and data recovery, grew 67-percent year-over-year with significant margin improvements,” Nallathambi added.