Verisk Analytics, Inc., Acquires Quest Offshore's Data and Subscriptions Business
(Thomson Reuters ONE) -
Verisk Analytics, Inc., Acquires Quest Offshore's Data and Subscriptions
Business
Acquisition enables Verisk's Wood Mackenzie business to enhance its deepwater
analysis and insight capability as part of its expertise across the entire
energy landscape
JERSEY CITY, N.J., August 29, 2016 - Verisk Analytics, Inc. (Nasdaq:VRSK), a
leading data analytics provider, today announced the acquisition of the data and
subscriptions business of Quest Offshore Resources, Inc. ("Quest Offshore"),
which supplies market intelligence to the offshore oil and gas sector.
The data and subscriptions business will become part of Wood Mackenzie, a Verisk
Analytics business, and will complement Wood Mackenzie's existing upstream
analysis expertise. This transaction expands on the services offered by Infield
(part of Wood Mackenzie specializing in offshore supply chain intelligence) and
Wood Mackenzie's upstream suite of data and analysis products. By bringing these
resources together in one place, Wood Mackenzie will be able to offer clients a
comprehensive, transparent, and granular analysis of the offshore oil and gas
sector.
"Through this acquisition, our upstream oil and gas clients will be able to make
better investment decisions through access to a unique understanding of
availability, capability, and price in key offshore equipment and service
markets," said Neal Anderson, president of Wood Mackenzie. "We're now able to
draw together our own upstream data set and analysis, which include the
expertise offered by Infield, with the proprietary systems developed by Quest
Offshore's data and subscriptions business. This enhanced offering will give
clients the commercial edge to develop offshore opportunities at a time when
every new investment must work harder."
"We welcome the addition of Quest Offshore's data and subscriptions business,
which will further enhance Wood Mackenzie's client offering," added Scott
Stephenson, chairman, president, and chief executive officer of Verisk
Analytics. "This follows our strategy to invest in businesses with unique data
assets, deep domain expertise, and market-leading analysis."
About Quest Offshore
Quest Offshore is a leading provider of strategic market intelligence to the
global oil and gas community through subscriptions to their eight proprietary
market-forecast databases in addition to the client-directed initiatives to
provide our expert industry advice to enhance our customers' business
strategies. For more information, visit www.questoffshore.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 2016, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and to its
America's Best Large Employers list. Verisk is one of only 14 companies 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2016 - 22:10 Uhr
Sprache: Deutsch
News-ID 491645
Anzahl Zeichen: 5534
contact information:
Town:
Jersey City
Kategorie:
Business News
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