Venture-backed Analyze Re acquired by Verisk Analytics
Analyze Re, a Canadian software analytics provider for the reinsurance and insurance industries, has been acquired by Verisk Analytics Inc (Nasdaq: VRSK). No financial terms were released. Founded in 2013, Halifax-based Analyze Re raised a $1.4 million financing in the same year from Canadian investors Innovacorp, BDC Capital and Rho Canada Ventures. Verisk, a New Jersey data analytics provider, said the acquired company will form part of its affiliate, AIR Worldwide, and support the provision of more pricing, exposure management, and portfolio roll-up capabilities to clients.
24 October 2016•3 mins read
