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Verisk, SAI Global to Improve Chemical Regulation Management

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Verisk Analytics, Inc.’s (VRSK - Free Report) business arm, 3E Company, and SAI Global recently formed a strategic alliance to ease the struggle faced by contemporary companies during fulfillment of strict chemical regulations.

Over the last one year, Verisk Analytics’ shares yielded a return of 2.61%, outperforming 1.54% growth recorded by the Zacks categorized Business-Information Services industry. This Zacks Rank #3 (Hold) stock is poised to grow on the back of diligent acquisitions, greater innovation and superior operations. However, risks related to government regulations or dismal conditions in the U.S. property and casualty industry might curtail near-term growth.

Details of the Alliance

3E Company provides information management, and environmental health and safety (EH&S) compliance services. On the other hand, SAI Global is a renowned risk management company.  

Per the new alliance, 3E Company’s non-imitable chemical inventory managing solution and 3E Online-SDS (Safety Data Sheet) would be integrated with SAI Global’s state-of-the-art EH&S software, Cintellate.

SAI Global’s EH&S software would be having direct access to 3E Company’s 3E Online. This would ensure that customers’ SDSs library is updated and accurate. Notably, users would be able to reach a central repository of SDSs in the required jurisdiction and language, and generate complaint hazard communication labels, endorsing compliance by supporting efficient exchange of safety data across an organization.

The two companies noted that this new collaboration would offer end users rationalized access to data required to enhance EH&S performance, assist regulatory compliance and lower risk. In short, the powerful combination would position customers on a more advantageous platform, where innovation-based growth can be achieved through efficient management of regulatory requisites.

Stocks to Consider

Some better-ranked stocks within the industry are listed below:

Genpact Limited (G - Free Report) has an average earnings surprise of 8.25% for the last four quarters and currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

ABM Industries Incorporated (ABM - Free Report) generated an average earnings surprise of 16.08% in the trailing four quarters and presently holds a Zacks Rank #2.

Booz Allen Hamilton Holding Corporation (BAH - Free Report) currently carries a Zacks Rank #2 and has an average earnings surprise of 1.63% for the past four quarters.

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