Gemspring Capital Acquires Appriss Retail

Mar 12, 2025
Gemspring Capital has acquired Appriss Retail, a provider of AI-driven analytics and loss prevention software for retailers, as announced in a press release. The acquisition aims to enhance Appriss's innovation and growth in the retail sector.

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.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief, Finance AI Weekly or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.