US Firm Kroll Snaps Up Risk Intelligence Provider Crisp

Crisp says it protects over $6.5 trillion (£5.16 trillion) in combined market capitalisation for over 1,000 brands. Case studies on its site include such sectors as financial services, entertainment, fashion, biotech and pharma.

Kroll is looking to boost its risk intelligence capabilities with the acquisition of Leeds-based Crisp for an undisclosed sum.

New York-headquartered Kroll is a provider of data, technology and insights related to risk and governance.

Crisp says it protects over $6.5 trillion (£5.16 trillion) in combined market capitalisation for over 1,000 brands. Case studies on its site include such sectors as financial services, entertainment, fashion, biotech and pharma. The firm was founded in 2005 and also has offices in Chicago.

“Digital chatter is an essential source of risk intelligence for protecting the global enterprise. In recent years, risks originating from or becoming amplified by digital chatter across the open, deep and dark web have reached an unprecedented scale. It’s now a board-level issue and C-suite responsibility,” explains Andrew Burke, Executive Chairman of Crisp.

The announcement follows Kroll’s acquisition of Toronto-based risk intelligence company Resolver in March.

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Burke points out that this new trinity combines Crisp’s AI technology and real-time alerts with Kroll’s risk advisory expertise, and Resolver’s SaaS interface and analytics machine.

Following the acquisition, Crisp’s Founder and CEO Adam Hildreth, and Burke, will become a part of Kroll’s digital services leadership team.

It’s not clear what happens to all the other staff. Crisp has 421 employees listed on LinkedIn.

Kroll has been around since 1932 and has 5,000 staff around the world. The tech firm says it has clients in 140 countries across six continents.

In March, Kroll announced it was named as a supplier on Crown Commercial Service’s Restructuring and Insolvency Services framework in the UK.

This framework provides a route for the UK government and public sector bodies, including UK Government Investments and the British Business Bank, to procure restructuring and insolvency advice on cases of all sizes and complexity.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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