Verisk and SAP Announce Strategic Partnership

February 25, 2019 / 5 min read

JERSEY CITY, N.J., and WALLDORF, Germany, February 25, 2019 — Verisk (Nasdaq:VRSK), a leading data analytics provider, and SAP SE (NYSE:SAP) today announced they have entered into a strategic partnership to codevelop the next generation of product compliance solutions. The partnership agreement is strengthened by Verisk signing a definitive agreement to 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, a Verisk business focused on providing intelligent compliance solutions in the environmental health and safety (EHS) and product compliance space. The acquisition significantly accelerates Verisk 3E’s efforts to become the premier provider of integrated content, expertise, and services for the EHS and product compliance industry and expedites its growth strategy. Both the partnership and the acquisition extend Verisk 3E’s global customer footprint and European operations.

The partnership expands Verisk 3E’s ability to power SAP’s Product Compliance platforms (including the respective parts of S/4HANA) with regulatory content and business logic. Streamlined access to critical regulatory data will benefit Verisk 3E and SAP joint customers by improving consistent compliance with changing global regulations and accelerating the development and launch of safe, innovative products.

“Verisk 3E and SAP are united by our shared mission to empower the SAP community with the products and expertise they require to drive more informed decisions, enable sustainable growth, and create a safer world,” said Edmund Webecke, president, Verisk 3E. “The partnership and acquisition make it easier for both companies to advance that mission by integrating SAP’s CaaS business into our already robust solution portfolio and create a comprehensive and reliable offering for the SAP user community. We’re eager to welcome SAP’s ERC and ERD customers to our customer community and look forward to serving them well.”

“Verisk 3E has a long-standing and successful track record of providing SAP EHSM customers with the critical solutions they need to optimize their SAP platform,” said Christoph Behrendt, EVP, Industry & Application Innovation, SAP. “We’re delighted to be able to build upon our existing relationship to create even greater value for customers through the combined strengths of our organizations and the people developing and supporting them. This move will allow SAP to focus on providing a best-in-class product compliance software solution complemented by Verisk 3E’s comprehensive content offering.”

“Acquiring SAP’s CaaS business furthers our growth strategy and creates value for our shareholders while also establishing a solid foundation for collaboration with SAP throughout the Verisk enterprise,” added Scott Stephenson, chairman, president, and CEO of Verisk. “The businesses will be a valuable addition to both Verisk and Verisk 3E, and we look forward to working more closely with SAP in the future.”

The transaction is subject to the completion of customary closing conditions.

About Verisk 3E
Verisk 3E, formerly 3E Company, delivers intelligent compliance solutions that empower companies to reduce risk, drive continuous improvement, and create new growth opportunities. For 30 years, Verisk 3E has provided clients with the expertise, content, live 24-7-365 environmental health and safety (EHS) support, and award winning solutions required to increase chemical and workplace safety, improve product safety and stewardship, strengthen supply chain stewardship, and optimize research and development decision support.

We are deeply committed to serving our more than 5,000 customers worldwide, including seven of the world’s top ten chemical manufacturers, nine of the world’s top ten retailers, and nine of the world’s top ten pharmaceutical companies. Global locations include our corporate headquarters in Carlsbad, California, along with offices in Bethesda, Maryland; Canton, Ohio; Copenhagen, Denmark; Montreal, Canada; and Tokyo, Japan. Verisk 3E is a Verisk (Nasdaq:VRSK) business. Visit us at www.Verisk3E.com.

About SAP
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enable more than 425,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com

About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social, and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.

Contact:

Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
stacey.brodbar@verisk.com

Media
Frank Lentini
Edelman (for Verisk)
212-704-4425
frank.lentini@edelman.com

Verisk and SAP Announce Strategic Partnership to Reimagine Product Compliance