Business
Verisk’s National Equipment Register (NER) and KYCS Global Collaborate to Enhance Heavy Equipment Security and Theft Recovery Capabilities
NER's IRONwatch is now powered by KYCS Locate, giving clients unprecedented benefits for theft recovery and security of assets JERSEY CITY, N.J., June
About this update from Verisk Analytics, Inc.
[{"type":"text","content":"NER's IRONwatch is now powered by KYCS Locate, giving clients unprecedented benefits for theft recovery and security of assets\nJERSEY CITY, N.J., June 04, 2024 (GLOBE NEWSWIRE) -- National Equipment Register (NER), a Verisk (Nasdaq:VRSK) business and a dedicated source of information for insurance and law enforcement agencies equipment theft risk, and KYCS Global Inc., a leader in providing solutions for simplifying theft-recovery and identification of assets, announced today that they are collaborating to provide cutting-edge security and recovery solutions for heavy equipment assets. This strategic integration revolutionizes the ecosystem for theft-recovery and security of assets and offers unprecedented benefits to businesses across agriculture, construction, and industrial services industries. The agreement between Verisk, a leading global data analytics and technology provider, and KYCS Global will combine KYCS’s recovery device technology with NER’s robust data and tracking capabilities. It will also bring together related incentives from insurance providers and will be available to equipment and fleet operators across North America. As a result of this enhancement, NER’s IRONwatch solution will now be called IRONwatch Locate, to better communicate the increased functionality offered to clients. “Our research shows that heavy equipment theft continues to rise. Our goal is to prevent our clients from becoming a statistic, so we are excited to join forces with KYCS to offer our clients superior theft recovery technology and product support by leveraging our industry contacts and unique datasets,” said Ryan Shepherd, general manager of supply chain and equipment solutions at Verisk. “The combined, complementary strengths of the two groups makes our new offering much more compelling for our clients.” “It has been a privilege to add our unwavering commitment to innovation, professionalism, and customer satisfaction to NER’s already leading data about load condition monitoring and location tracking capabilities along with their related insurance incentives,” said Dana Rowe, vice president business development at KYCS Global. “The combination distinguishes IRONwatch Locate from other theft recovery offerings available in the theft recovery market today.” In addition to the cutting-edge theft-recovery functionalities, users ...