Gemspring Capital Acquires Appriss Retail

WESTPORT, Conn., March 12, 2025 /PRNewswire/ -- Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has acquired Appriss Retail ("Appriss" or the "Company"), a leading 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 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."

McDermott Will & Emery, LLP served as legal advisor to Gemspring.

About Appriss Retail
Appriss Retail helps retailers protect themselves against fraud and abuse across all transaction channels. With more than 20 years of retail data science expertise and experience, Appriss has built a robust omnichannel intelligence platform that is trusted by over 60 of the top 100 U.S. retailers, covering 40 percent of all U.S. omnichannel sales. Globally, Appriss Retail reaches 45 countries across six continents. The company provides relevant and actionable intelligence to retailer's operations, finance, marketing, and loss prevention teams. Appriss Retail's performance-improvement solutions yield measurable results with a significant return on investment. For more information about Appriss Retail, visit www.apprissretail.com.

About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $3.8 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $1 billion in revenue and are in the business services, consumer services, financial and insurance services, healthcare, industrials, software, and tech-enabled services sectors. For more information, visit www.gemspring.com.

CONTACT: Aron Grossman (aron@gemspring.com)

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SOURCE Gemspring Capital