Verisk Analytics, Inc., to Acquire Greentech Media, Inc.
(Thomson Reuters ONE) -
Verisk Analytics, Inc., to Acquire Greentech Media, Inc.
Acquisition positions Verisk's Wood Mackenzie business as a provider
of market-leading analysis and insight across the entire energy landscape
JERSEY CITY, N.J., July 19, 2016 - Verisk Analytics, Inc. (Nasdaq:VRSK), a
leading data analytics provider, today announced it has signed a definitive
agreement to acquire Greentech Media, Inc. ("Greentech Media"), an industry-
leading information services provider for the next-generation electricity and
renewables sector. Greentech Media will become part of Wood Mackenzie, a Verisk
Analytics business, and will enable Wood Mackenzie to provide its clients with
market intelligence across several categories, including solar generation,
energy storage, and smart grids that react dynamically to changes in supply and
demand.
"The energy industry is going through a transformation, and our clients expect
coverage in the solar, storage, and smart grid spaces as part of a more
integrated energy service," said Neal Anderson, president of Wood Mackenzie.
"Greentech Media's unique knowledge of supply chains and investment trends
across those sectors deepens our existing power and renewables coverage and
helps position us as a market-leading provider of analysis and insight across
the entire energy landscape."
"We're thrilled to be joining Wood Mackenzie and the Verisk Analytics family of
businesses," said Scott Clavenna, chief executive officer of Greentech Media.
"With solar, storage, and smart grid having such an impact on energy markets
today, we're confident that, together with Wood Mackenzie, our complementary
capabilities will enable a more competitive and complete service for our
clients."
"Greentech Media and its comprehensive market analysis of the global clean
energy market will be a valuable addition to both Wood Mackenzie and Verisk
Analytics," added Scott Stephenson, chairman, president, and chief executive
officer of Verisk Analytics.
The transaction is expected to close in the third quarter of 2016, subject to
the completion of customary closing conditions.
About Greentech Media
Greentech Media delivers business-to-business news, market analysis, and
conferences that inform and connect players in the global clean energy market.
Our coverage area extends across the clean energy industry with a focus on solar
power and the electric utility market's evolution. Greentech Media's industry-
leading coverage is provided by a team of analysts from our market intelligence
arm, GTM Research (https://www.greentechmedia.com/research), as well as our
world-class journalists and global network of expert contributors. Learn more at
www.greentechmedia.com.
About Wood Mackenzie
Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial
intelligence for the world's natural resources sector. Wood Mackenzie empowers
clients to make better strategic decisions, providing objective analysis and
advice on assets, companies, and markets. For more information,
visit www.woodmac.com or follow us on Twitter (at)WoodMackenzie.
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of
trademark registrations and/or applications in the European Community, the
United States, and other countries around the world.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2015, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and, in
2016, to its America's Best Large Employers list. Verisk is one of only 15
companies in the United States to appear on both lists. For more information,
please visit www.verisk.com.
Contact:
Investor Relations
David Cohen
Director, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
201-469-2174
david.e.cohen(at)verisk.com
Media
Rich Tauberman
MWW Group (for Verisk Analytics)
202-600-4546
rtauberman(at)mww.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
[HUG#2029399]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2016 - 14:30 Uhr
Sprache: Deutsch
News-ID 484081
Anzahl Zeichen: 5840
contact information:
Town:
Jersey City
Kategorie:
Business News
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