Parties
Company
Garda World Security Corporation
Company
Crisis24
Company
OnSolve, LLC
On July 31, 2024, Garda World Security Corporation ("GardaWorld") completed the acquisition of OnSolve, LLC ("OnSolve"), a leading provider of critical event management and MassCom services. The deal integrated OnSolve into GardaWorld's Crisis24 business, enhancing its AI-driven risk management platform. Crisis24, known for its ability to synergize human and AI expertise, will benefit from OnSolve's platforms, which include risk intelligence, mass notifications, incident management, and travel risk management. The acquisition bolstered Crisis24's capability to anticipate and respond to various risks, thereby improving organizational resilience and security for its clients.
Grégoire Pinton, Managing Director and Head of Integrated Risk Management at Crisis24, emphasized that the addition of OnSolve would accelerate and deepen their SaaS-based solutions, further enhancing their AI-enhanced intelligence capabilities. OnSolve brought approximately 400 employees across the U.S., Europe, and India into the fold.
Simpson Thacher & Bartlett LLP acted as legal advisors to GardaWorld, while Langlois Lawyers LLP assisted Crisis24. Skadden, Arps, Slate, Meagher & Flom LLP advised OnSolve on the transaction. The transaction value was not disclosed.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
31 July 2024