Verisk Analytics acquires The GeoInformation Group

Verisk Analytics Inc., a Jersey City-based data analytics provider, announced it has acquired The GeoInformation Group, a geographic data solutions company based in Cambridge, United Kingdom.”This acquisition expands Verisk’s footprint in the U.K. as a data and analytics provider across multiple markets, including insurance, energy and real estate,” Scott Stephenson, chairman, CEO and president of Verisk Analytics, said in a prepared statement. “The GeoInformation Group’s resources complement our risk management and predictive analytics capabilities internationally.”

GeoInformation Group, which will continue to operate in its current location as part of the Verisk family of companies, offers mapping services and geospatial data and analytic solutions.

“We’re thrilled to be part of Verisk — a business clearly committed to providing innovation and value to customers,” Dr. Seppe Cassettari, CEO, The GeoInformation Group, said in a prepared statement. “I’m confident our combined resources, talent and solutions will enhance our offerings even more.”

Financial terms were not disclosed.