June 19, 2012 – Verisk Analytics Inc. will pay $8 million for Aspect Loss Prevention, a Minneapolis-based loss prevention software and solutions provider.

Verisk trumpeted the deal as a boost for not only its retail loss prevention analytics, but also its overall crime analytics offerings. A specialist in risk management, Verisk touted the deal as a recognition that more retailers have a need to sew analytics into their loss prevention initiatives. Verisk also plans to use Aspect Loss Prevention analytical tools as part of its national crime databases for retailers, according to a statement on the acquisition.

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