Verisk Analytics, Inc. announced it has signed an agreement to acquire Minneapolis-based Aspect Loss Prevention, a leading provider of loss prevention software and analytic solutions to the retail, entertainment, and food industries.
Throughout the United States and parts of Europe and Asia, Aspect has saved customers significant amounts of money attributed to internal theft through its state-of-the-art exception-based reporting and analytic techniques. The acquisition will further advance Verisk`s position as a leading provider of loss prevention and risk mitigation solutions to the retail industry.
The net purchase price is $8 million. The transaction is expected to close in June 2012 and is expected to be neutral to adjusted EPS in 2012.
About Aspect Loss Prevention, LLC: Aspect Loss Prevention has saved retailers significant amounts of money attributed to the reduction of internal theft through its state-of-the-art exception-based reporting and analytic tools and techniques. Aspect`s software is used throughout the United States as well as in Europe and Asia. For more information about Aspect, visit www.aspectlp.com.