Appriss Announces Agreement to Sell Appriss Insights to Equifax for $1.825 Billion

August 10, 2021

Willkie represented Appriss Inc., a pioneer in data and analytics solutions, in its definitive agreement to sell Appriss Insights, LLC, a wholly owned business unit, to Equifax, Inc.

On August 10, Willkie client Appriss Inc., a pioneer in data and analytics solutions that mitigate risks, improve health, and save lives, backed by Clearlake Capital Group, L.P. (together with its affiliates) and Insight Partners, announced that it has entered into a definitive agreement to sell Appriss Insights, LLC, a wholly owned business unit, to Equifax, Inc. in an all cash transaction for $1.825 billion. Appriss Insights provides data and analytics solutions to government agencies and commercial enterprises to improve community and workplace safety, improve healthcare credentialing, enable more effective law enforcement investigations, and mitigate fraud and improper payments in government entitlement programs.

Appriss Insights’ differentiated capabilities are expected to further enhance Equifax’s fast growing and market-leading Workforce Solutions. The deal is subject to customary closing conditions.

Appriss Insights pioneered VINE®, the victim-safety solution that connects to county jails and state prisons to monitor the movement of offenders. Appriss Insights has expanded its data capabilities to become a leading provider of risk and criminal justice intelligence solutions for government agencies and employers. Founded in Louisville, KY in 1994, Appriss Inc.’s technology products and services help clients analyze trends, identify risks, and make better decisions that improve the health, safety and wellbeing of individuals and communities.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

The Willkie deal team was led by partners Morgan Elwyn and Ziyad Aziz, and included associates Thomas Spencer, Tai Fukumoto, Michael Manopla and Alexander Salem.