{"id":65869,"date":"2023-02-02T12:02:19","date_gmt":"2023-02-02T12:02:19","guid":{"rendered":"http:\/\/malaysiantribune.com\/?guid=15deea8a12e54a22502f0943be25044c"},"modified":"2023-02-02T12:02:19","modified_gmt":"2023-02-02T12:02:19","slug":"verisk-announces-closing-of-wood-mackenzie-sale","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/verisk-announces-closing-of-wood-mackenzie-sale\/","title":{"rendered":"Verisk Announces Closing of Wood Mackenzie Sale"},"content":{"rendered":"
\n

JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (\u201cVeritas\u201d), a leading investor at the intersection of technology and government.<\/p>\n

\u201cThis marks a significant value-creating step for Verisk, which returns the company to its roots as a dedicated strategic partner to the global insurance industry,\u201d said Lee Shavel, president and CEO, Verisk. \u201cWe\u2019ll continue to execute our strategy to deliver long-term sustainable growth by enabling our customers to make better decisions, increase efficiency and reduce operating expenses, while delivering a better experience to their customers.\u201d<\/p>\n

The sale of Wood Mackenzie followed divestitures of Verisk\u2019s financial services and environmental health and safety businesses last year. The divestitures were the result of an in-depth portfolio review by Verisk.<\/p>\n

The terms of the sale of Wood Mackenzie to Veritas were described in a previous press release, which can be found here<\/u><\/a>.<\/p>\n

Morgan Stanley & Co LLC is acting as financial advisor and Davis Polk & Wardwell LLP as legal advisor to Verisk in connection with the transaction. Gibson, Dunn & Crutcher LLP is acting as legal advisor to Veritas.<\/p>\n

About Verisk<\/strong>
\n<\/u>Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance industry. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global issues including climate change and extreme events as well as political and ESG topics. With offices in more than 20 countries, Verisk consistently earns certification by\u00a0Great Place to Work<\/u><\/a>\u00a0and fosters an\u00a0inclusive culture<\/u><\/a>\u00a0where all team members feel they belong. For more, visit\u00a0Verisk.com<\/u><\/a>\u00a0and the\u00a0Verisk Newsroom<\/u><\/a>.<\/p>\n

Media Contact:\r\nAlberto Canal\r\nVerisk\r\nalberto.canal@verisk.com<\/a>\r\n201.469.2618<\/pre>\n
GlobeNewswire Distribution ID 8741197<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) \u2014 Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (\u201cVeritas\u201d), a leading investor at the intersection of technology and government. \u201cThis marks a significant value-creating step for Verisk, which returns [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\nVerisk Announces Closing of Wood Mackenzie Sale - Malaysian Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/malaysiantribune.com\/verisk-announces-closing-of-wood-mackenzie-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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