Durham software firm Intelligence Fusion is expecting to create new jobs after being snapped up by US owners in an undisclosed deal.
The software-as-a-service firm developed and launched the Intelligence Fusion data feed platform three years ago. Intelligence Fusion 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 ranging from combat incidents such as the ongoing war in Ukraine, or terrorist activity such as IEDs and complex attacks, to protests or natural hazards.
Now the firm, which was launched in 2015, is set to receive investment and create new jobs after being acquired by Sigma7, a New York and London based global risk services company. Sigma7 plans to incorporate Intelligence Fusion’s technology into its risk information and services platform by delivering highly sophisticated global risk monitoring, customised to an organisation’s particular threat landscape.
Michael McCabe, CEO and founder of Intelligence Fusion, said: “When I founded Intelligence Fusion, it was a new type of tech business in the North East and Finance Durham gave us the financial backing, alongside our other investors, to realise my vision. The company was built primarily using local talent, however, we have recruited staff from around the world, who have come to live and settle in Durham. An exciting part of this acquisition are Sigma7’s plans on investing in the expansion of Intelligence Fusion’s team and capabilities in Durham, as well as expanding our operations into the United States and elsewhere.”
