July 30 (Reuters) - Verisk agreed to acquire

cloud-based software platform AccuLynx for $2.35 billion in

cash, it said on Wednesday, as the data analytics and technology

company aims to strengthen its tools for property claims.

The move comes amid increasing digitization across

insurance-related industries, with companies seeking to reduce

manual processes and accelerate turnaround times on claims.

The acquisition is expected to add to Verisk's revenue

growth and adjusted EBITDA margin, and also to adjusted EPS by

year-end 2026.

The deal, expected to close by the end of the third quarter,

will be funded through a combination of cash on hand and

committed debt financing, Verisk said.