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Verisk Analytics to buy Texas-based property data provider BuildFax

Verisk Analytics Inc. has agreed to acquire Austin, Texas-based BuildFax Inc., a provider of property condition and history data.

Upon completion, BuildFax will become part of ISO, a Verisk business that provides tools and analytics for the property/casualty insurance industry.

The majority shareholder of the target is Daily Mail and General Trust PLC. BuildFax uses building permit, contractor and inspection data to provide information about the condition of properties to insurance and financial institutions globally.