Infutor acquired by risk management vendor
Verisk will integrate Infutor with consumer insights platform Jornaya to create Verisk Marketing Solutions.
Analytics-driven risk management platform Verisk has announced the acquisition of Infutor, one of the best-known players in the identity resolution and consumer intelligence space. Infutor’s Total Consumer Insights identity graph contains privacy-compliant behavioral data on hundreds of millions of U.S. consumers and over 100 million U.S. households.
New Jersey-based Verisk provides risk evaluation and management capabilities to verticals including insurance, energy and finance. In 2020 it acquired consumer behavioral data and lead intelligence vendor Jornaya. It now plans to integrate Infutor with Jornaya to form Verisk Marketing Solutions. The intention is to combine Infutor identity management and resolution with Jornaya’s insights into consumer behavior in considered-purchase markets.
The cost of the acquisition was $ 223.5 million, according to Verisk’s 10-K report.
Why we care. There is no question that the multiple threats to third-party data raised Infutor’s profile as a platform capable of resolving first-party identities with multiple behavioral touchpoints, including especially transaction data. It has afforded marketers a way to address large cohorts of U.S. consumers.
For example, in an independent assessment of data quality by data scoring firm Truthset, Infutor’s Total Consumer Insights data accuracy was especially high in identifying young adults, scoring 34% better than the average of all providers in correctly identifying the 18-24 year old set. “If you think about Experian, Acxiom and Infutor, our identity graphs are largely rooted in offline data, so the larger the paper trail, the more complete and accurate signals we have on any individual,”
The post Infutor acquired by risk management vendor appeared first on MarTech.
(32)
