Verisk to Acquire Rulebook - Seite 2
The purchase price is $87 million in cash, funded through cash on hand and existing bank facilities, subject to typical closing adjustments. The transaction is expected to be accretive to 2019 adjusted EPS. In addition, Verisk expects the acquisition to generate an attractive return in excess of Verisk's cost of capital. The transaction is expected to close in the fourth quarter of 2018, subject to the completion of customary closing conditions.
Verisk will discuss the transaction and Rulebook's solutions and business in greater detail at its upcoming Investor Day on December 6, 2018.
About Rulebook
The Rulebook suite of products is the combination of a powerful rules engine and an insurance underwriting and broking desktop, together with a comprehensive analytics capability that enables
clients to transact with and learn from their data for even the most complex lines of specialty insurance business. Rulebook supports companies primarily in the London Insurance Market but
increasingly internationally. Founded in 2002, Rulebook is headquartered in London.
For more information, visit www.rulebook.com.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze
billions of records, Verisk 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 helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor's S&P 500 Index. In 2018, Forbes magazine named Verisk to its World's Best Employers list. For more information, please visit www.verisk.com.
Contact:
Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
stacey.brodbar@verisk.com
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Media
Frank Lentini
Edelman (for Verisk)
212-704-4425
frank.lentini@edelman.com
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