Governance, Risk & Compliance

Governance, Risk & Compliance

March 29, 2011

3i-MIND to Acquire iJET International

3i-MIND has signed a definitive agreement to acquire iJET International, Inc., an operational risk management provider that delivers predictive intelligence, technology and response services.

The transaction is expected to close following the satisfaction of cstomary closing conditions. Following the closing, iJET will operate as a stand-alone company within 3i-MIND's group of companies.

"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 a statement.

"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," said Harari.

"3i-MIND and iJET share a commitment to serving the unique resiliency requirements of private and public organizations around the world," said Stephen Hoffman (News - Alert), 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," said Hoffman.

Back in October, 3i-MIND, the global player in threat management technology, had announced the appointment of two new executives. Thomas A. Betro, the former director of the Naval Criminal Investigative Service (NCIS), was named vice president of 3i-MIND's Global Law Enforcement practice, and John A. Gill, the former chief security officer at the White House, was named vice president of 3i-MIND's global agency practice.

These two executives - well-known experts in intelligence gathering, criminal investigation and counter-terrorism- will help support the company's growth and expansion into the global security market.

Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.

Edited by Juliana Kenny

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