Bloodhound Technologies acquired by Verisk Analytics
Deal Synopsis
Bloodhound Technologies was acquired by Verisk Analytics (VRSK:NASDAQ) for $82 million in cash on April 27, 2011.
Seller Details
Bloodhound Technologies is a provider of claims editing and analytics services. The company offers ConVergence Point, a hosted, claims-editing service, which processes claims. ConVergence Point is a processing and analytics platform that provides a web portal for providers to see edits and correct claims before submission.
Buyer Details
Verisk Analytics Inc is a data analytics provider offering decision support and risk-management solutions to the financial industry. The company's predictive analytics are used in rating applications, underwriting, claims, catastrophe and weather risk assessment, global risk assessment, natural resources intelligence, economic forecasting, and other related fields. Most of Verisk's revenue is based on long-term contracts and subscriptions. Their largest end market is the risk assessment sector. Verisk's clients are located primarily in the United States.