Acquisition strengthens Verisk's position as an international leader in data and analytic solutions
JERSEY CITY, N.J., Nov. 15, 2016 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced the acquisition of The GeoInformation Group, a leader in the field of geographic data solutions based in Cambridge, United Kingdom.
"This acquisition expands Verisk's footprint in the U.K. as a data and analytics provider across multiple markets, including insurance, energy, and real estate," said Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics. "The GeoInformation Group's resources complement our risk management and predictive analytics capabilities internationally."
The GeoInformation Group offers large-scale mapping services and geospatial data and analytic solutions to a wide array of companies and more than 300 public sector organizations.
"We're thrilled to be part of Verisk-a business clearly committed to providing innovation and value to customers," said Dr. Seppe Cassettari, chief executive officer, The GeoInformation Group. "I'm confident our combined resources, talent, and solutions will enhance our offerings even more."
Geoinformation is now a part of the Verisk family of companies and will continue to operate in its current location.
About The GeoInformation Group
The GeoInformation Group is an award-winning provider of detailed geospatial information essential for those seeking insight into land and property across the U.K. Formed in 1998, The GeoInformation Group has been at the forefront of innovation and development to extract information from high-resolution aerial imagery to create unique and valuable geospatial products for the professional user. GeoInformation Group customers include many blue-chip and key public sector organizations, including Transport for London, Metropolitan Police, Thames Water, and major insurers and telecom organizations. Thousands of land developers, architects, planners, and geospatial professionals have benefited from its detailed property and mapping solutions. For more information, visit www.geoinformationgroup.co.uk.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk Analytics helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries and is a member of Standard & Poor's S&P 500® Index. In 2016, Forbes magazine named Verisk Analytics to its World's Most Innovative Companies list and to its America's Best Large Employers list. Verisk is one of only 14 companies to appear on both lists. For more information, please visit www.verisk.com.
Director, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
MWW Group (for Verisk Analytics)