ANNAPOLIS, MD – December 19, 2013 – iJET International, Inc. (iJET), a leading operational risk management solutions provider, today announced the completion of an investment by private equity firm LLR Partners. LLR Partners is a private equity firm with $2.4B of capital commitments that invests in middle market growth companies with proven business models.
Together, our goal will be to grow iJET's customer base, expand channel partnerships, build out our global operations, invest in technology and pursue strategic acquisitions. Capitalizing on its proprietary technology and global network of security and geopolitical experts, iJET delivers customized intelligence, preparedness and response solutions to more than 600 multinational corporations and government organizations. These solutions enable iJET clients to understand their global threat exposure; protect their people, facilities and supply chains; and proactively mitigate risks that could impact operational performance.
“Having such a committed financial partner as LLR will allow iJET to accelerate its global growth and leadership in the operational risk management market,” said Bruce McIndoe, President and CEO of iJET. “The LLR team, including Operating Partner Gus Hunt, who has deep knowledge of our key domains, combined with the expertise of their high-growth technology portfolio companies, will rapidly become competitive assets as we take iJET to the next level.”
"We are extremely pleased to partner with the leadership team of iJET on this investment,” says David Stienes, partner in LLR’s Security, Defense & Government Services practice. “Over the past 14 years, iJET has cemented its position as the global leader in operational risk management with world class intelligence, a best-of-breed platform and 24/7 global assistance and response operations. As organizations push more aggressively into international markets, iJET will be there to help protect them on a global scale."
iJET’s global intelligence operation monitors and analyzes over 19,000 sources of information spanning more than 200 countries and 25 languages and delivers near real-time intelligence to the right people at the right time via its patented processes. The company tracks over 130 million trips annually for direct clients and travel management partners. Through its global response network, iJET provides on-the-ground security and medical assistance in over 200 countries. iJET also assists enterprises in building and enhancing a tailored operational risk management program through policies, training, exercises and outsourced resources.
About iJET International
iJET International (iJET) provides intelligence-driven operational risk management solutions to enable multinational companies and government organizations to operate globally with confidence. iJET’s end-to-end, tailored solution integrates world-class threat intelligence, innovative technology and global response services that helps enterprises protect their people and operational assets and mitigate operational risk. Founded in 1999, iJET is a private company headquartered in Annapolis, MD with offices in London and Singapore.
About LLR Partners
LLR Partners invests in middle market growth companies with proven business models in a broad range of industries, including business services, consumer and education, financial services, government services, healthcare services and software and IT services. With $2.4 billion of capital commitments, LLR provides capital for growth, recapitalizations and buyouts. For more information about LLR, visit www.llrpartners.com.
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