Verisk has Completed the Acquisition of BuildFax

Verisk, a leading data analytics provider, announced that is has acquired BuildFax from its shareholders.

As BuildFax looks help customers navigate the changing property landscape, we are proud to be joining Verisk, a leading data analytics provider, as part of their ISO division. We anticipate building stronger, more impactful services to help businesses minimize risk and maximize value.

“Our insights, when layered onto Verisk’s expansive data and analytics products, will deliver increased value to our existing customers, while also allowing us to build out innovative products for the insurance industry, financial industry, and beyond,” said Jonathan Kanarek, COO of BuildFax. “We’re excited to work with a team so closely aligned in our vision to leverage the latest technologies to help customers make better decisions about risk.”

The data from BuildFax will enhance ISO’s robust property analytics while helping underwriters gain insight into changes in the buildings they insure.

“Verisk has become a global leader in developing innovative analytics for decision making,” said Holly Tachovsky, president of BuildFax. “Becoming part of the Verisk family will enable us to augment our solutions, expand our reach, and provide added value to our customers.”