Deal Details

DDS Sold to Verisk

Technology & Services

DDS, a portfolio company of Striker and Graham, acquisition by Verisk

Summary

Data Driven Safety, LLC (“DDS” or “The Company”), a portfolio company of Striker Partners (“Striker”) and Graham Software Development (“Graham”), was recently acquired by Verisk Analytics, Inc. (“Verisk”) (NASDAQ: VRSK). Terms of the transaction have not been disclosed. Baird served as exclusive financial advisor to Data Driven Safety, LLC.

Baird served as the exclusive financial advisor to Data Driven Safety, LLC on this transaction.

About

DDS is a leading public record data aggregation firm that specializes in driver risk assessment in the United States. With its industry-leading data collection and management platform, DDS efficiently retrieves disparate data from thousands of local law enforcement, DMVs and judicial organizations on a daily basis. DDS then synthesizes this difficult-to-obtain data to provide valuable insights to help insurers reduce costs, better manage risk and anticipate operational challenges. The Company is headquartered in Huntersville, North Carolina.

Striker Partners is a private equity firm focused on making growth equity buyout investments in service-oriented businesses operating in niche markets. Striker has made multiple investments in consumer, retail, energy and manufacturing verticals. Striker’s position as an entirely family-funded investment firm offers patient capital and flexible financing with a focus on partnership and access to strategic resources. Striker is headquartered in Wayne, Pennsylvania.

Graham Software Development is a technology-focused private equity and venture investing firm providing capital to innovative technology companies. The firm seeks to back profitable businesses through critical stages of growth, allowing business owners to access funding while maintaining ongoing ownership in their businesses. Graham is headquartered in Wayne, Pennsylvania.

Verisk 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. Verisk’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. Verisk is headquartered in Jersey City, New Jersey.

Technology & Services

DDS, a portfolio company of Striker and Graham, acquisition by Verisk