Verisk to acquire SAP’s content-as-a-service business
The partnership will improve consistent compliance with changing global regulations and accelerating the development and launch of safe, innovative products.
Verisk Analytics, Inc., Jersey City, N.J., entered into a strategic partnership with SAP Software Solution, Germany, to co-develop the next generation of product compliance solutions. Per the partnership, Verisk will acquire SAP’s content-as-a-service (CaaS) business, which includes the environmental health and safety regulatory content (ERC) and environmental health and safety regulatory documentation (ERD) teams and data assets.
The business will become part of Verisk 3E, focused on providing intelligent compliance solutions in the environmental health and safety (EHS) and product compliance space. The acquisition accelerates Verisk 3E’s efforts to become a provider of integrated content, expertise and services for the EHS and product compliance industry, and expedites its growth strategy.