Appriss to acquire the retail loss prevention solutions unit of Verisk.

Appriss, a provider of data analytics solutions in safety, health, and retail, agreed to acquire the retail loss prevention solutions unit of Verisk, data analytics company serving the insurance industry, energy and specialized markets. Financial terms were not disclosed. "The inclusion of Verisk’s retail clients now allows Appriss Retail to serve more than 300 of the largest, most advanced retailers in the world. What we gain by serving such a large client-base is collective intelligence. This creates the combined knowledge that we are able to leverage through our platform and our world class data science team to deliver advanced analytics and predictive models that drive measurable performance improvements across many functions in each specific retailer," Krishnan Sastry, Appriss COO.