Deals
Verisk Says Build It Once, Sell It Many Times After Deal
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Verisk Analytics Inc. said its $425 million deal to buy a credit-card data firm is another bet on a business that will gain from scale as clients increasingly rely on billions of records to improve underwriting.
The insurance-data firm said yesterday that it would buy Argus Information & Advisory Services LLC, which has records on more than 1.3 billion card accounts and logs about 4.5 billion transactions a month. The closely held company gathers data from 19 of the 20 largest U.S. credit-card issuers and balance information from retail banks holding about 30 percent of the nation’s deposits.