Gemspring Capital Acquires Appriss Retail
- Editor
- Mar 12
- 1 min read
Whats Happening:
Gemspring Capital, a middle-market private equity fund, has acquired Appriss Retail, a leading provider of AI-driven analytics and loss prevention software for retailers. Appriss Retail's advanced technology platform helps retailers reduce losses, combat fraud, and enhance operational efficiency. The company serves many of the world's top omnichannel brands, covering 40 percent of all U.S. omnichannel sales.
Key Moves:
Gemspring Capital acquires Appriss Retail
Appriss Retail provides AI-driven analytics and loss prevention software
The acquisition aims to support Appriss Retail's next phase of growth
By The Numbers:
Appriss Retail serves over 60 of the top 100 U.S. retailers
The company covers 40 percent of all U.S. omnichannel sales
Gemspring Capital has $3.8 billion of capital under management
Key Quotes:
"We are thrilled to join forces with Gemspring as we enter this next phase of growth," said Michael Osborne, CEO, Appriss.
"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," said Aron Grossman, Managing Director at Gemspring.
Bottom Line:
Gemspring Capital's acquisition of Appriss Retail represents a strategic move in the retail technology sector. The fund's investment is expected to enhance innovation across Appriss Retail's solutions, potentially leading to greater value for retail partners and stronger growth for the company. This acquisition aligns with Gemspring's focus on middle market companies with significant growth potential.
Comments