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Appriss insights6/15/2023 ![]() “Michael’s track record of applying sophisticated analytics to shape consumer experiences for omnichannel retailers of all sizes will be invaluable as Appriss Retail strengthens its commitment to loss prevention, while finding innovative ways to maximize profit for customers.” “Omnichannel retailers are tasked with striking a constant balance between attracting and retaining profitable customers, while using data and analytics to identify and reduce fraud and abuse,” said Krish Sastry, Managing Director at Insight Partners. “Michael is a proven leader, and the combination of his experience shaping cross-channel consumer experiences for major retailers and his passion for leveraging analytics will empower Appriss Retail to further help omnichannel retailers create seamless online and offline experiences for their shoppers.” “We are excited to partner with Michael and continue to support the talented Appriss Retail team,” said James Pade, Partner and Managing Director at Clearlake. Osborne is uniquely prepared to help omnichannel retailers around the world combat this issue. At the same time, the cost and complexity of identifying and mitigating nearly $100 billion in losses from shrinkage, including return fraud, is top-of-mind for senior retail executives. Today, omnichannel retailers are grappling with the unique and significant challenges of understanding consumer behavior across channels and finding ways to effectively engage their shoppers. (together with its affiliates, "Clearlake") and Insight Partners. Appriss Retail is a portfolio company of Clearlake Capital Group, L.P. Interim CEO and Board Member Krish Sastry will continue to serve on the Board of Directors and support Osborne in shaping the strategic direction and future of the business. Both companies leverage cloud-native infrastructures that drive faster delivery of solutions to customers.IRVINE, Calif.-( BUSINESS WIRE)-Appriss Retail, a leading provider of data and analytics solutions designed to reduce retail losses, decrease returns, and provide a more seamless consumer experience, today announced the appointment of Michael Osborne as Chief Executive Officer (CEO). in addition, Appriss Insights will expand Equifax relationships with employers, background screeners, and state and federal government agencies, extending Equifax reach into the USD 5 billion US talent acquisition market and USD 2 billion US government social services delivery market.Īppriss Insights' AI-driven solutions complement Equifax verification products by providing real-time notifications, context-sensitive risk assessments, and actionable insights. This acquisition will expand the company's Workforce Solutions verification capabilities, enhancing identity and fraud prevention offerings, advancing the strategy for a comprehensive Workforce Solutions data hub, and helping public and private organizations tap into timely, decision-critical data that helps employers reduce workforce risk and communities facilitate delivery of government entitlement programmes.Īppriss Insights provides data used in public and workplace safety, law enforcement, fraud detection and prevention, and healthcare credentialing. In conjunction with the acquisition, Equifax will receive a tax benefit with a net present value at time of purchase of approximately USD 360 million. ![]() Global data, analytics, and technology company Equifax has signed an agreement to acquire Appriss Insights, a comprehensive source of risk and criminal justice intelligence, for USD 1.825 billion.
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