Middle-market private equity firm Gemspring Capital Management, through an affiliate, has acquired Appriss Retail, a provider of AI-driven analytics and loss prevention software for retailers.
Financial terms of the transaction were not disclosed.
Appriss provides differentiated solutions that empower retailers to reduce losses, combat return and claim fraud, and drive measurable profitability. Its advanced technology platform delivers significant ROI by addressing both internal and external fraud while enhancing operational efficiency.
Beyond loss prevention, the platform helps retailers boost sales through targeted consumer incentives and an improved shopping experience. Appriss serves a diverse array of customers, including many of the world’s top omnichannel brands.
