Virginia-based iMapData, a leading data visualization and analysis firm, and Bethesda-based PlanetRisk have announced a merger to create a threat and mapping company. Financial terms of the deal were not disclosed.The combined company will be called PlanetRisk, offering the market with a powerful and highly advanced level of informed decision-making.
The new company will allows users to monitor risks and threats to assets on a real-time software-as-a-service-delivered dashboard with PlanetRisk’s big data advanced algorithms and expertise.
Paul McQuillan, President and CEO of iMapData, said in a statement: “At the core of this merger are highly valuable big data capabilities that will allow us to advance iMapData’s already powerful situational awareness capabilities to offer a broader range of innovative solutions that transform complex data into actionable intelligence", also added that: “PlanetRisk shares our commitment to developing visionary technology solutions to customers’ challenges, as well as creating technology that answers questions about future outcomes.”
Headquartered in McLean, Virginia, iMapData is a pioneer in the field of data visualization and analysis. The company’s Advanced Intelligence Management SystemTM platform seamlessly integrates the functions of business continuity, situational awareness, force protection and risk management. The company’s platform includes global incident monitoring by trained analysts in iMapData’s 24/7 Risk Assessment Center, as well as complete mobile communications.
Paul McQuillan, CEO of iMapData, will continue in this role in the new organization that has become PlanetRisk while Mark Dumas, who founded PlanetRisk last year, will become chief strategy officer of the new PlanetRisk. Dumas will collaborate with McQuillan on continuing to expand the company’s capabilities and solutions to meet the demands of its incredible roster of customers in the global private sector and in the U.S. government.
Based in Bethesda, Maryland, PlanetRisk is a fast-growing technology solutions and services company that provides a comprehensive analysis of “risk and opportunity” to customers around the world. PlanetRisk develops models that enable analysts to recognize hidden patterns, detect anomalies and even forecast future conditions.
iMapData was advised on the transaction by DLA Piper, while PlanetRisk was advised by Wilson, Sonsini, Goodrich and Rosati.
Image credit: Glassdoor and iMapData
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