3i-MIND to Acquire iJET International, Inc.
23.3.2011 17:30:26 CET | Business Wire | Press release
Companies Join Forces To Deliver The Industry’s Only Intelligence-Driven Resiliency Solutions
3i-MIND, a leader in threat management software solutions, announced today that it has signed a definitive agreement to acquire iJET® International, Inc., the leading operational risk management provider that delivers predictive intelligence, technology and response services.
3i-MIND is a privately held company, headquartered in Zurich, Switzerland, with U.S. headquarters in Fort Lee, New Jersey, and global operations in Europe, the Middle East and Asia Pacific. The acquisition of Maryland-based iJET will combine 3i-MIND’s products, technology and global reach with iJET’s risk management solutions and proven intelligence expertise. The companies’ respective offerings will create the industry’s only intelligence-driven resiliency solution set, providing clients a full array of predictive intelligence, preparedness and response solutions for governments, corporations, law enforcement agencies and cities.
“As recent events have shown, it is no longer enough to simply react to evolving global threats and natural disasters with traditional tools and approaches. The key to resiliency in this new world is the ability to innovate and leverage the trusted intelligence necessary to anticipate, prepare for and quickly respond to threats,” said Yali Harari, CEO of 3i-MIND. “In iJET, we have found a dynamic company that represents the best practices of hundreds of multinational corporate clients and is a recognized industry leader in predictive intelligence and risk management tools. We are impressed with iJET’s people, culture, commitment to excellence and customer service.”
“3i-MIND and iJET share a commitment to serving the unique resiliency requirements of private and public organizations around the world,” said Stephen Hoffman, CEO of iJET. “We are pleased that 3i-MIND will reinforce our international growth strategy and accelerate the development of solutions and services. Together, we will continue collaborating with clients to further define and strengthen their resiliency initiatives.”
The transaction is expected to close following the satisfaction of customary closing conditions. Following the closing, iJET will operate as a stand-alone company within 3i-MIND’s group of companies. Stephen Hoffman, iJET CEO, will continue to lead iJET’s growth and will be part of 3i-MIND’s global management team.
About 3i-MIND
3i-MIND is the pioneer in a new category of technology that leverages data, operational know-how and human intuition to dramatically advance the value of intelligence and insights. Our customers include the world’s most demanding government and security organizations, urban authorities and law enforcement organizations. We apply ground-breaking technologies, machine learning, modeling and decision-support systems across our proprietary 3i-MIND framework, making it simple to acquire real-time and comprehensive knowledge, even in the most complex of environments. For more information, visit www.3i-MIND.com and follow us on Twitter at @3iMIND .
About iJET International
iJET International, Inc. (iJET) is an intelligence-driven provider of business resiliency and risk management solutions to nearly 500 multinational corporations and governments – helping them survive and thrive amidst global threats to their people, facilities and supply chain assets.
iJET’s services, team of world-class intelligence analysts and patented Worldcue® Global Control Center technology solutions equip decision-makers and organizations with real-time information to anticipate, respond to and emerge from business disruptions with a competitive edge. iJET’s Worldcue solutions provide decision makers with timely, actionable intelligence on potential disruptions and emerging threats to employees, operating assets and suppliers.
For more information, please visit: www.iJET.com
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to growth opportunities and the potential benefits associated with 3i-MIND's acquisition of iJET. Readers are cautioned not to place undue reliance on such statements. These statements are subject to certain assumptions, risks and uncertainties, including the following uncertainty regarding iJET future sales performance and revenue, 3i-MIND's ability to successfully market the companies' product, customer acceptance of any combined companies' products, the risk that expected synergies resulting from the acquisition will not materialize and the risk of incurring unexpected costs integrating the businesses. These and other risks could cause iJET's actual results, performance achievements and developments to differ materially from the results, performance achievements or developments expressed or implied by such forward-looking statements. 3i-MIND assumes no obligation to update or revise any forward-looking statements whether as result of new information future events or otherwise except as expressly required by law.
iJET, Worldcue, and Travel Intelligence are registered trademarks owned by iJET.
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