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Verisk Analytics Acquires Retail Industry Loss-Prevention Leader, Enabl-u Technologies
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Verisk Analytics and Enabl-u Technologies team up to provide outstanding value to an expanding client base.
JERSEY CITY
,
N.J.
, November 17, 2009 Verisk Analytics (NASDAQ: VRSK) announced today the acquisition of Enabl-u Technologies, a leader in providing loss-prevention services to the retail industry.
Enabl-u offers data management, analytics, and training services used by many leading retailers’ loss-prevention operations. By working closely with retailers and retail industry groups, Enabl-u develops best-in-class, widely used loss-prevention services. More recently, Enabl-u’s technology was adopted as the data-sharing platform for the American Banking Association’s initiative for banks to report, analyze, and share bank robbery, burglary, and ATM crime data among member banks and with law enforcement.
Vincent Cialdella, senior vice president at Verisk’s ISO subsidiary, said, “We were immediately impressed by the robust and flexible nature of Enabl-u’s technology and became even more interested in Enabl-u after speaking to Enabl-u’s clients and retail industry leaders. Our goal is to create significant value for retail and supply chain participants by combining the data management and analytic skills of Verisk with Enabl-u’s technology and our CargoNet service. We are pleased to welcome such an outstanding company to our enterprise.”
“We are excited to become part of the Verisk group of companies. There are numerous ways in which Verisk’s resources and expertise allow us to expand the range of services we offer to retailers as well as to take advantage of many other business opportunities,” added Kevin McMenimen, president and CEO of Enabl-u.
The Enabl-u e-learning platform was recently used for the creation and launch of the industrywide retail loss-prevention certification program offered through the Loss Prevention Foundation. The not-for-profit organization is directed by a board of directors comprising key executives from a variety of retail companies ranging from Walmart to Polo Ralph Lauren.
“I have known Enabl-u for more than five years and admire the way they have worked closely with retail industry leaders to develop creative and innovative loss-prevention solutions,” offered Gene Smith, president of the Loss Prevention Foundation. “I have also more recently gotten to know Verisk. In becoming more aware of the company’s significant data management and analytical skills and resources, I am looking forward to the potential benefits this alliance brings to the entire retail loss-prevention industry,” he added.
About Verisk Analytics
Verisk Analytics (NASDAQ: VRSK) is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Office, Inc. (ISO) and its subsidiaries, which provide essential solutions to the insurance, mortgage lending, and healthcare markets. For more information, visit www.verisk.com.
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| Partnership Creates On-Line Loss Prevention Tool for the Hospitality Industry |
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Industry-wide data share and case management system delivers proactive solutions for companies of all sizes.
Houston, TX and Plainview, NY, February 8, 2008 - HospitalityLawyer.com (HL.com) and Enabl-u Technologies Corporation (Enabl-u) announced today a partnership to develop two on-line tools enabling the hospitality industry to communicate incident and investigation data and utilize a robust case management solution.
Hospitality LP DataShare (HLP!-DS) is an on-line data sharing platform enabling hospitality companies to communicate important data relating to serious property incidents involving theft and criminal activity. HLP!-DS provides hospitality companies an opportunity to analyze and compare risk activity and incident details between locations and across geographic areas, allowing them to better protect their customers, employees, assets and brands. Hospitality companies will enter their property incident information directly into the HLP!-DS system or upload information from their current incident reporting systems. HLP!-DS will be a proactive means to minimizing liability while ensuring confidentiality and brand protection. Information will be contributed with a degree of anonymity and will be standardized, with the individual hospitality companies deciding how much of the data they wish to upload into the system.
HLP! Case Management System (HLP!-CM) offers data entry, workflow, communication, alerts and reporting functionality for critical incidents, as well as loss prevention investigations and cases. This is a robust, yet scalable solution that is perfect whether you are managing one property, ten, or hundreds. With a link directly to the HLP!-DS platform to facilitate the data sharing process, data analysis is easy for users. As an on-line data management tool, it can be accessed through the HospitalityLawyer.com Web site or directly at www.hospitalitydatashare.com.
“These solutions answer the need many hospitality companies have for a comprehensive tool kit to assist them in risk, loss prevention and legal data management,” says Todd Throckmorton, vice president of HL.com. “Many clients ask us to help them find an affordable yet functional data management system. We’ve found the best solution with Enabl-u Technologies, who has a reputation of success in the retail space with companies such as Wal-Mart, Home Depot, TJX and OfficeMax. While many of our clients have hundreds or even thousands of properties to manage, it has been a challenge to find a tool that works for those with less than 20 properties, as in a franchise operation. The HLP!-CM system has been developed for companies as well as large-scale operations. It is a very affordable and proven solution.”
HLP!-CM is cost effective for less than $30 per month subscription fee per location plus a onetime set up fee, with discounts available for multiple properties. While this base system is being offered as a pre-configured solution, the full system offers additional flexibility, scalability, and is customizable to larger property and incident management needs.
“Both of these technologies are being leveraged successfully by the retail industry today and we’re confident they will greatly benefit the hospitality industry as well,” said Kevin McMenimen, CEO of Enabl-u Technologies. “We are proud to be partnered with HospitalityLawyer.com to help pioneer this effort in bringing the same powerful analytical and investigative capabilities that help to reduce loss, risk and corporate exposure for our retail clients.” HospitalityLawyer.com and Enabl-u will be previewing the systems at the 6th Annual Hospitality Law Conference in Houston, TX, Feb. 11-13, 2008. They will enroll pilot partners and put together a steering committee to aid in the further development and direction of the systems.
About HospitalityLawyer.com
HospitalityLawyer.com is the leading global network of people, products and services that deliver legal, safety and security solutions to the hospitality industry. For information contact Todd Throckmorton at 512-266-1260.
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| Partnership Brings Disaster Preparedness Expertise |
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Enabl-u Technologies Corporation and ResponseForce1 Corporation announce Strategic Partnership.
Plainview, NY and New Orleans, LA., November 5, 2007 - Enabl-u Technologies Corporation (Enabl-u) and ResponseForce1 Corp. (ResponseForce1) today announced that the companies have entered into a strategic partnership agreement under which ResponseForce1, experts in Disaster Preparedness and Emergency Management Solutions, will be the exclusive marketer and provider of a suite of software solutions targeted at the Emergency Response and Disaster Preparedness Industry. The terms of the transaction were not disclosed.
ResponseForce1 today brings critical solutions to both government and businesses through its unique Emergency Communication System (EmCommS) satellite communication solution, which was proven in the aftermath of Hurricane Katrina, and through its consulting services practice focused on Disaster Preparedness and Emergency Response.
Enabl-u, through this partnership, will build upon ResponseForce1 Corp's relationships by applying their software solutions, including their robust incident management and training software, to the breadth of issues facing the Directors of Emergency Preparedness and Emergency Management today, such as Disaster Preparedness Training, Credentialing, Evacuation and Citizen Registration and Tracking, and Volunteer Management . With ResponseForce1 Corp's highly reliable, secure connectivity EmCommS platform, the potential to provide those capabilities, even in the event of destroyed infrastructure is available.
"We are excited about having ResponseForce1 Corp as a strategic partner. We believe this partnership will advance Enabl-u's vision of growth in the Homeland Security and Emergency Management marketplace," said Kevin McMenimen, President of Enabl-u. "ResponseForce1 Corp's solutions, talent and customers complement Enabl-u's business and extend our ability to deliver compelling products and services to a new tier of customers. This partnership will continue to strengthen Enabl-u as a leading provider of remote training and database solutions."
"This is an exciting milestone for our company, and we look forward to scaling our growth partners of Enabl-u," said Edward Minyard, Chief Executive Officer and President of ResponseForce1, "Enabl-u offers unique and robust solutions that make it the ideal partner for ResponseForce1. Our combined teams will create exciting growth opportunities for ResponseForce1 Corp, our customers and our employees. We look forward to working with the Enabl-u team to ensure a rapid deployment of a new and exciting suite of solutions to the disaster preparedness and emergency management marketplace."
ResponseForce1, Inc. is a new and innovative company, combining the collective experience of a team of seasoned emergency management professionals to offer top tier solutions and services to their clients. Offerings include Planning, Operations, Telecommunications, Logistics Support, Staff Augmentation, Training and Database-related Services. Edward Minyard recently joined ResponseForce1 from Unisys Corporation, where he led their Emergency Management Practice. More information about ResponseForce1 can be found at www.responseforce1.com or by contacting Ed Minyard, Chief Executive Officer at 888-385-6551 x3.
Enabl-u Technologies Corporation is a data management and e-learning software solutions provider operating under the trade names of APIS and Learn-it Solutions.
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| A Strong Business Grows Stronger |
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Enabl-u Purchases RuMe Interactive and RuMe Canada, Inc.
Plainview, NY, April 16, 2007 -Enabl-u Technologies Corporation, today announced that it has completed the acquisition of the all of the outstanding stock of RuMe Interactive Corporation and its Canadian software development affiliate, RuMe Interactive Canada (collectively RuMe Interactive). RuMe Interactive, whose world class implementation base for its software includes many of the largest and most prominent retailers in the county, is a provider of data base management and interactive training software solutions marketed under the trade names of APIS and Learn it Solutions. RuMe Interactive has recently begun expansion of its offerings into the grocery, restaurant, hospitality and transportation industries among others. The principle shareholders of Enabl-u, an acquisition corporation, include the key founding management of RuMe Interactive as well as several seasoned and well-respected executives, all of whom have held senior leadership roles in the retail and technology sectors.
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