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Verisk to Expand Foothold in India with Fintellix Buyout
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Leading data analytics provider, Verisk Analytics, Inc. (VRSK - Free Report) recently inked an agreement to acquire Bangalore-based data solutions company, Fintellix. The financials of the agreement remain undisclosed.
Founded in 2006, Fintellix specializes in the development of data management platforms and regulatory reporting solutions for financial institutions. The company offers analytics, risk and compliance solutions for the banking sector.
Per the agreement, Fintellix will become part of Verisk’s Argus business. Argus is a leading provider of information, scoring solutions, and advisory services to financial institutions worldwide. Fintellix’s advanced data management platform, along with its regulatory reporting expertise, will be a valuable addition to both Argus and Verisk Analytics. The collaboration will help the company offer better services and highly advanced solutions to its customers. In addition, this deal will also enable Verisk expand its foothold across India as well.
Verisk outperformed the Zacks categorized Business - Information Services industry in the last one year period, with an average return of 15.1% compared with a 13.4% gain for the latter.
Headquartered in Boston, Verisk offers catastrophe risk modeling solutions to help individuals, businesses, and society become more resilient. Various key institutions rely on AIR's advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, site-specific engineering analyses, and agricultural risk management.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.72x.
Swire Pacific is currently trading at a forward P/E of 15. 85x.The company is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
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Verisk to Expand Foothold in India with Fintellix Buyout
Leading data analytics provider, Verisk Analytics, Inc. (VRSK - Free Report) recently inked an agreement to acquire Bangalore-based data solutions company, Fintellix. The financials of the agreement remain undisclosed.
Founded in 2006, Fintellix specializes in the development of data management platforms and regulatory reporting solutions for financial institutions. The company offers analytics, risk and compliance solutions for the banking sector.
Per the agreement, Fintellix will become part of Verisk’s Argus business. Argus is a leading provider of information, scoring solutions, and advisory services to financial institutions worldwide. Fintellix’s advanced data management platform, along with its regulatory reporting expertise, will be a valuable addition to both Argus and Verisk Analytics. The collaboration will help the company offer better services and highly advanced solutions to its customers. In addition, this deal will also enable Verisk expand its foothold across India as well.
Verisk outperformed the Zacks categorized Business - Information Services industry in the last one year period, with an average return of 15.1% compared with a 13.4% gain for the latter.
Headquartered in Boston, Verisk offers catastrophe risk modeling solutions to help individuals, businesses, and society become more resilient. Various key institutions rely on AIR's advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, site-specific engineering analyses, and agricultural risk management.
Verisk currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the industry include Barloworld Limited (BRRAY - Free Report) , Hitachi, Ltd. (HTHIY - Free Report) and Swire Pacific Limited (SWRAY - Free Report) . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.72x.
Swire Pacific is currently trading at a forward P/E of 15. 85x.The company is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>