Gemspring Capital Management (a middle-market private equity firm) announced that an affiliate has acquired Appriss Retail, which is a leading provider of AI-based analytics and loss prevention software for retailers. The financial terms of the transaction were not disclosed.
Appriss offers differentiated solutions that empower retailers to reduce losses, combat return and claim fraud, and drive measurable profitability. And 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 increase 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.
McDermott Will & Emery served as legal advisor to Gemspring.
KEY 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. Together, we’ll continue to empower retailers to fight fraud, reduce shrink, and provide seamless consumer experiences — all while driving stronger profitability and growing customer relationships.”
- 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. We look forward to partnering with Michael and the Appriss Retail team to support the Company’s next phase of growth.”
- Aron Grossman, Managing Director at Gemspring
