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Verisk's Unit Partners with SAP to Expand Product Offering

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A leading provider of environmental health and safety compliance, 3E Company – a division of Verisk Analytics, Inc. (VRSK - Free Report) – recently announced the expansion of its cloud-based regulatory content offering for Integration with SAP SE (SAP - Free Report) .

Per the deal, the company’s product safety, dangerous goods, and scientific content will now be accessible for customers via the cloud for seamless integration with the SAP Environment, Health, and Safety (EHS) system. 

The alliance will enable SAP customers use 3E's Ariel Content for the Cloud to optimize data delivery and maintenance. Clients will have access to reliable and up-to-date scientific and regulatory information that will enable them to improve knowledge management, data storage, and decision support. This will help 3E expand its customer base and improve its top line, going forward.

3E’s Ariel customers will also be able to seamlessly load data to the SAP property tree and utilize SAP’s Compliance Check functionality. This will help 3E enhance its service offerings to its customers.

3E’s main function is researching, obtaining, aggregating, validating, enriching global regulatory and compliance data and making it available for its customers. The collaboration with SAP will allow 3E’s customers to comply with complex health and safety obligations more proactively and cost-effectively.

Verisk, the parent company of 3E, underperformed the Zacks categorized Business - Services industry with an average decline of 2.7% against a gain of 2.8% for the latter, over the last 30 days.

Founded in 1988, 3E is headquartered in Carlsbad, CA. The company provides a combination of the industry-leading environmental health and safety compliance mission-control call center and the world's premier hazardous substance database of global regulatory and compliance information. It provides its services across Canton, OH; Bethesda, MD; Kingsport, TN; Montreal, Quebec; Copenhagen, Denmark; and Tokyo, Japan.

Verisk currently carries a Zacks Rank #3 (Hold). A couple better-ranked stocks in the industry include IHS Markit Ltd. and TransUnion (TRU - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

IHS Markit has a long-term earnings growth expectation of 13.5% and is currently trading at a forward P/E of 24.3x.

TransUnion has long-term earnings growth expectation of 12.8%. It has beaten estimates in each of the trailing four quarters with an average positive earnings surprise of 13.6%.

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