Moody's to Acquire CAPE Analytics
Deal News | Jan 13, 2025 | Zawya
Moody's Corporation has announced a definitive agreement to acquire CAPE Analytics, a firm specializing in geospatial AI intelligence for real estate. This acquisition aims to bolster Moody's capabilities in delivering sophisticated risk insights for properties by integrating CAPE's advanced geospatial analytics with Moody's existing catastrophe risk modeling platform, specifically tailored to the insurance sector. Customers will gain access to more detailed, property-specific data, facilitating improved decision-making regarding risk management across various financial and insurance operations. The transaction, expected to finalize in early 2025, is still contingent upon customary closing conditions and regulatory approvals. Though financial specifics remain undisclosed, the acquisition is not anticipated to notably affect Moody's financial outcomes.
Sectors
- Financial Services
- InsurTech
- Artificial Intelligence
- Geospatial Technology
Geography
- United States – CAPE Analytics primarily operates and provides property risk assessments within the United States.
- Canada – CAPE Analytics extends its property analysis capabilities to large parts of Canada.
- Australia – CAPE Analytics also services significant areas within Australia, adding a global dimension to the acquisition.
Industry
- Financial Services – Moody's Corporation operates in the financial services sector, providing valuable risk assessments and analytics.
- InsurTech – The acquisition enhances Moody's position in the insurance technology sector by augmenting geospatial AI capabilities for risk assessment.
- Artificial Intelligence – CAPE Analytics specializes in AI-driven geospatial intelligence, significantly contributing to this industry's growth.
- Geospatial Technology – CAPE Analytics' use of geospatial imagery for property intelligence underscores the relevance of geospatial technology in this acquisition.
Financials
- Not disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Moody's Corporation | Bidding Company | Company | A leading provider of credit ratings, research, and risk analysis in the financial sector worldwide. |
| CAPE Analytics | Target Company | Company | A company that delivers AI-powered property risk analytics using geospatial imagery and machine learning. |
| Rob Fauber | CEO | Person | President and CEO of Moody's Corporation, leading the strategic acquisition. |