Durham-based Intelligence Fusion has been acquired by global risk information provider, Sigma7.
Intelligence Fusion, which was established by a former British military intelligence officer, provides real-time security threat information to organisations around the world.
Founder and CEO, Michael McCabe, said the deal would bring further top-class security and tech talent to the region:
“With a rapidly changing global threat landscape, an integrated approach to risk management has never been more important.
“The combination of the market leading risk information and services companies that Sigma7 has already acquired, along with Intelligence Fusion’s data and technology capabilities, will create a powerful offering, providing tailored, quantifiable insight, resilience and advantage to Sigma7’s existing and expanding global client base.”
The Intelligence Fusion platform provides a global map, updated in real time, of incidents that could present a potential security risk to a company’s operations, categorised in 11 different overall categories, and 159 different incident types. These range from combat incidents such as the ongoing war in Ukraine, or terrorist activity such as IEDs and complex attacks, to protests or natural hazards.
Sigma7 plans to bring this data into its risk information and services platform by delivering highly sophisticated global risk monitoring, customised to an organisation’s particular threat landscape.
“Intelligence Fusion is the crown jewel in threat visualisation and monitoring solutions currently serving several Fortune 100 customers, large city law enforcement, and intelligence communities,” explained Andrew Hersh, CEO of Sigma7.
“We are excited to leverage the platform in existing and new ways to deliver unmatched client value.”
With its headquarters in New York and London, this marks Sigma7’s fifth acquisition since its launch in May. Described as a “growth company” it’s seeking to disrupt the industry with “superior technologies and capabilities, to create the first independent and all-domain risk services platform.”
Sigma7 is a portfolio company of Growth Catalyst Partners. Intelligence Fusion was acquired from The Finance Durham Fund, which is administered by Maven Capital Partners.
It has not released the terms of the deal.