Equifax Inc. has closed the sale of Appriss Insights LLC, a wholly owned business unit, from Appriss Inc., a provider of data and analytics services that seek to mitigate risks, improve health, and save lives, in an all-cash transaction for $1.825 billion. Appriss Inc. is backed by Clearlake Capital Group LP and New York-based global private equity and venture capital firm Insight Partners.
Appriss Insights provides data and analytics solutions to government agencies and commercial enterprises.
“The founding of Appriss was inspired by the tragic murder of a young woman, Mary Byron, 27 years ago,” said Krishnan Sastry, CEO of Appriss Inc. “The founders, Mike Davis and Yung Nguyen, believed then that timely data and technology could have saved Mary’s life. That inspired the creation of VINE which set our north star back in 1995. That very mission of knowledge for good inspires us today to bring innovative solutions that save lives and fight fraud in the healthcare and retail industries.”
Continued Sastry, “We are incredibly proud to have the talented Appriss Insights team join forces with Equifax, and we wish the new team the very best as they combine their capabilities to bring new solutions to market.
Evercore acted as the sole financial advisor and Wilkie Farr & Gallagher LLP served as the legal advisor to Appriss.