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- Gemspring Capital Acquires Appriss Retail to Drive Growth
Gemspring Capital Acquires Appriss Retail to Drive Growth
Slice of Retail Team
March 17, 2025
Key Highlights:
Gemspring Capital has acquired Appriss Retail, a leader in AI-driven loss prevention and analytics for retailers.
Appriss helps retailers combat fraud, reduce losses, and enhance customer experiences with its advanced technology platform.
The investment will accelerate innovation in loss prevention and consumer engagement solutions.
Appriss serves many of the world’s top omnichannel brands, covering 40% of U.S. omnichannel sales.
McDermott Will & Emery, LLP advised Gemspring on the transaction.
Source: PR Newswire
Notable Quotes:
“We are thrilled to join forces with Gemspring as we enter this next phase of growth. Their investment and expertise will enhance innovation across our solutions, enabling us to deliver even greater value to our retail partners.”
“Appriss is widely recognized for its innovation in returns, claims, and loss prevention, distinguishing itself in the market and delivering exceptional value to its industry-leading customers.”
Why This Matters:
Retailers face increasing challenges from fraud and operational inefficiencies. Appriss Retail’s AI-driven solutions help businesses minimize losses and maximize revenue. With Gemspring Capital’s backing, Appriss can expand its innovation efforts, offering retailers stronger fraud prevention, improved customer engagement, and better profitability. This acquisition strengthens Appriss’s position as a trusted technology partner in the retail industry.