Verisk (VRSK) to Acquire SAP’s Content as a Service (CaaS) Business to Strengthen Partnership
Verisk, a leading data analytics provider, and SAP SE (NYSE:SAP) recently announced they have entered into a strategic partnership to codevelop the next generation of product compliance solutions. The partnership agreement is strengthened by Verisk signing a definitive agreement to acquire SAP’s Content as a Service (CaaS) business, which includes the Environmental Health and Safety Regulatory Content (ERC) and Environmental Health and Safety Regulatory Documentation (ERD) teams and data assets.
The business will become part of Verisk 3E, a Verisk business focused on providing intelligent compliance solutions in the environmental health and safety (EHS) and product compliance space. The acquisition significantly accelerates Verisk 3E’s efforts to become the premier provider of integrated content, expertise, and services for the EHS and product compliance industry and expedites its growth strategy. Both the partnership and the acquisition extend Verisk 3E’s global customer footprint and European operations.
The partnership expands Verisk 3E’s ability to power SAP’s Product Compliance platforms (including the respective parts of S/4HANA) with regulatory content and business logic. Streamlined access to critical regulatory data will benefit Verisk 3E and SAP joint customers by improving consistent compliance with changing global regulations and accelerating the development and launch of safe, innovative products.
The transaction is subject to the completion of customary closing conditions.
About Verisk 3E
Verisk 3E, formerly 3E Company, delivers intelligent compliance solutions that empower companies to reduce risk, drive continuous improvement, and create new growth opportunities. For 30 years, Verisk 3E has provided clients with the expertise, content, live 24/7/365 environmental health and safety (EHS) support, and award-winning solutions required to increase chemical and workplace safety, improve product safety and stewardship, strengthen supply chain stewardship, and optimize research and development decision support.
We are deeply committed to serving our more than 5,000 customers worldwide, including seven of the world’s top ten chemical manufacturers, seven of the world’s top ten retailers, and seven of the world’s top ten pharmaceutical companies. Global locations include our corporate headquarters in Carlsbad, California, along with offices in Beijing, China; Bethesda, Maryland; Canton, Ohio; Copenhagen, Denmark; Montreal, Canada; and Tokyo, Japan. Verisk 3E is a Verisk business. Visit us at www.verisk3e.com.
Source: Verisk Analytics, Inc.