iMapData, a pioneer in data visualization and analysis that is headquartered in McLean, Virginia, announced that it has merged with and taken the name of Bethesda, Maryland-based PlanetRisk, a fast-growing technology leader revolutionizing big data solutions. The combined company will be called PlanetRisk, offering customers across the private and public sectors a powerful, highly advanced level of informed decision-making.

“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,” said Paul McQuillan, president and CEO of iMapData. “PlanetRisk shares our commitment to developing visionary technology solutions to customers’ challenges, as well as creating technology that answers questions about future outcomes.”

McQuillan recently joined as president and CEO of iMapData, and will continue in this role in the new organization that has become PlanetRisk. He brings over 25 years of federal sector experience and a track record of success growing successful organizations that serve both government and private sector customers. Most recently, McQuillan was CMO of A-T Solutions, which was recently acquired by PAE.

Mark Dumas, who founded PlanetRisk last year, will become chief strategy officer of the new PlanetRisk, and he 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 as well as in the U.S. government. A successful technology entrepreneur and well-respected leader in the domain of geospatial analytics, Dumas was the founder and CEO of SPADAC, which he sold to GeoEye in 2010.

“We are extremely excited about the future of PlanetRisk and what we have the opportunity to create — an organization that will provide truly amazing and vital solutions in the area of actionable intelligence, which are so critically needed right now around the world,” said Dumas.

PlanetRisk provides a comprehensive analysis of “risk and opportunity” to customers around the world. By developing models that enable analysts to recognize hidden patterns, detect anomalies and even forecast future conditions, the company is able to provide a true view of consolidated risk and opportunities, whether at local, national or global levels.

iMapData is a Frontier Capital company and was advised on the transaction by DLA Piper. PlanetRisk was advised by Wilson, Sonsini, Goodrich and Rosati.

About iMapData

For over 30 years, large corporations, the U.S. government, and state and local agencies have relied on iMapData’s expertise and intelligent solutions to proactively mitigate risks to their organizations. The flexible, robust and scalable iMapData solution adapts to support clients’ needs in the most dynamic of threat environments. iMapData’s Advanced Intelligence Management SystemTM platform seamlessly integrates the functions of business continuity, situational awareness, force protection and risk management. The solution includes global incident monitoring by trained analysts in iMapData’s 24/7 Risk Assessment Center, as well as complete mobile communications. For more information, go to www.imapdata.com.

About PlanetRisk

PlanetRisk is a technology solutions and services company that provides a comprehensive analysis of “risk and opportunity” to customers, which include many organizations throughout the private and public sector. The company develops models that enable analysts to recognize hidden patterns, detect anomalies and even forecast future conditions. For more information, please visit www.planetrisk.com.

About Frontier Capital

Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high-growth companies and has built an excellent track record of delivering returns to both investors and management partners. For more information, please visit frontiercapital.com.

Source: GISCafé