Verisk Analytics Inc., the supplier of data to insurers andbanks, agreed to buy EagleView Technology Corp. for $650 million incash, according to Bloomberg.

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The deal will allow Verisk to bolster its underwriting softwareand expand offerings to insurance and government customers.According to the article,  Verisk said the transaction maybe completed by July 15.

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EagleView's image library covers more than 1 million squaremiles.

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Read the Bloomberg story in full.

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