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Verisk Analytics to acquire EagleView Technology Corporation

US: Verisk Analytics has signed an agreement to acquire EagleView Technology Corporation, the parent company of Pictometry International and Eagle View Technologies. The acquisition will accelerate Verisk’s position as a key provider of data, analytics, and decision support solutions based on aerial imagery.

“The acquisition of EVT advances our position in the imagery analytics market, adding new municipal and commercial customers. The transaction supports the aerial imagery solution development that has been under way at our Xactware unit. We believe we can build on the comprehensive coverage of EVT’s library to expand solutions to our customers, including underwriting and, over time, international solutions as well. We look forward to combining the strong business built by the EVT team with Verisk’s analytical capabilities and unparalleled customer relationships in the property/casualty insurance market,” said Scott Stephenson, president and chief executive officer of Verisk Analytics.

Source: Verisk