Gemspring Capital Acquires Appriss Retail

Gemspring Capital Management, a private equity firm, has acquired Appriss Retail, a company known for its AI-driven analytics and loss prevention software for retailers, announced in a press release. The financial terms of the deal were not disclosed.

Appriss Retail provides solutions that help retailers reduce losses, combat fraud, and improve profitability through its advanced technology platform. The company serves a wide range of customers, including many leading omnichannel brands, by offering tools that enhance operational efficiency and boost sales through targeted consumer incentives.

Michael Osborne, CEO of Appriss, expressed enthusiasm about the partnership with Gemspring, highlighting the potential for enhanced innovation and value delivery to retail partners. Aron Grossman, Managing Director at Gemspring, noted Appriss's market distinction in returns, claims, and loss prevention, and expressed eagerness to support the company's growth.

Legal advisory for the transaction was provided by McDermott Will & Emery, LLP.