Appriss provides differentiated solutions that empower retailers to reduce losses, combat return and claim fraud, and drive measurable profitability.
Gemspring Capital Management, LLC, a middle-market private equity firm, announced that an affiliate has acquired Appriss Retail, a provider of AI-driven analytics and loss prevention software for retailers. Financial terms of the transaction were not disclosed.
Appriss provides differentiated solutions that empower retailers to reduce losses, combat return and claim fraud, and drive measurable profitability. 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 boost 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.
“We are thrilled to join forces with Gemspring as we enter this next phase of growth,” said Michael Osborne, CEO, Appriss. “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.”
Aron Grossman, Managing Director at Gemspring, added, “Appriss is widely recognised 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.”
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