Verisk's CargoNet Business Aligns with 7PSolutions to Help Clients Combat Cargo Theft
January 17 2018 - 9:00AM
YASTEST
Verisk's CargoNet
Business Aligns with 7PSolutions to Help Clients Combat Cargo
Theft
JERSEY CITY, N.J., January 17, 2018 - CargoNet, a
Verisk (Nasdaq:VRSK) business and the nation's leader in cargo
theft recovery, intelligence, and analytics, and 7PSolutions (7P),
a global leader in GPS supply chain management tools, jointly
announced today that they will work together to aid mutual clients
in reducing cargo theft and recovering stolen cargo.
This alliance will benefit the two organizations'
customers by providing access to a best-in-class, layered approach
to reducing cargo theft risk. The combination of 7P's real-time GPS
technology with CargoNet's 24/7/365 recovery support center,
expansive law enforcement communication platform, and cargo theft
data can significantly increase the likelihood of recovery after a
theft.
"CargoNet is excited to announce this alliance,
which will provide our customers with innovative solutions that
combine our cargo theft loss data with leading technology tools,"
said CargoNet general manager Anthony Canale. "The use of cargo
theft data to mitigate risk is valuable; however, when combined
with supply chain tracking technology, it becomes actionable.
Having visibility into high-risk areas in real time when shipments
are in motion creates a tremendous opportunity to avoid risk.
Equally exciting is being able to provide our law enforcement
partners with more precise location accuracy while a theft is in
progress. This complements our existing capabilities and brings
significant value to our mutual clients."
"We are a technology-based company," stated Jeff
Clark, founder and CEO of 7P. "We truly see this collaboration with
CargoNet as a way for our mutual clients to take advantage of cargo
theft data integrated into our 7P RouteWatch platform, which
provides innovative supply chain visibility and management using
GPS technology."
About 7PSolutions
7PSolutions is a global, leading real-time GPS provider serving
customers in the retail, pharmaceutical, transportation, law
enforcement, and insurance industries. Through our RouteWatch SaaS,
7P is providing the most sophisticated global supply chain
management viability tools in the industry. These advanced
technologies allow quality control, loss prevention teams, and
logistics managers to manage their individual aspects of the global
supply chain, allowing for more informed and quicker decision
making.
Headquartered in Nashville, Indiana, 7PSolutions
operates real-time GPS devices around the world with customers
using devices for air, sea, and ground shipments. As a member of
the WCA, we provide device management and security capabilities in
over 129 countries. For more information, please visit
www.7Pgps.com.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services.
Using advanced technologies to collect and analyze billions of
records, Verisk draws on unique data assets and deep domain
expertise to provide first-to-market innovations that are
integrated into customer workflows. Verisk offers predictive
analytics and decision support solutions to customers in rating,
underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting,
and many other fields. Around the world, Verisk helps customers
protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk
operates in 30 countries and is a member of Standard & Poor's
S&P 500® Index. In
2017, Forbes magazine named Verisk to its
America's Best Mid-Size Employers list and to its World's Most
Innovative Companies list. Verisk is one of only seven companies to
appear on both lists. For more information, please visit
www.verisk.com.
Contact:
Giuseppe Barone/Erin Bzymek
MWWPR (for Verisk)
201-507-9500
gbarone@mww.com
ebzymek@mww.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Verisk Analytics Inc. via Globenewswire
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