Risk Intelligence A/S signs a deal with major ship management group for the Risk Intelligence System

22 February 2021

Risk Intelligence A/S announces today that the company has signed agreements with a major ship management group, for the Risk Intelligence System and intelligence reports.

The new client is one of the world’s largest ship management companies managing a diverse fleet, including tankers, bulk carriers, gas carriers, and passenger vessels, cruise, offshore,  and container ships. The client has selected the Risk Intelligence System for their tanker fleet in addition to the container fleet. They have offices in 30 countries and pride themselves on delivering great performance through ground-breaking digital infrastructure, which underpins the high standards of service provided to each of their ship owning clients.

Jim Pascoe, Chief Commercial Officer of Risk Intelligence, says:

“It is great to start off 2021 welcoming such a major ship management player to the Risk Intelligence System. We look forward to working closely with their global HSEQ team to provide them with the very best in maritime intelligence – saving them time and allowing them to focus on serving the needs of their many ship owning clients.  Not only are we providing them with access to our cloud-based Risk Intelligence System, but they will also have access to our intelligence reports and bespoke advisory services when required. As ship managers are busier and busier it’s great to be able to help them optimise their security intelligence access, allowing them to streamline their operations.”

The client will be joining a growing number of ship management companies who appreciate the commercial edge it provides to have access to the Risk Intelligence System (MaRisk+PortRisk). The System enables them to secure reliable analysis of security threats and risks based on intelligence and in-depth assessments from Risk Intelligence, at the tip of their finger, wherever they are in the world.

The Risk Intelligence System

The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.

The Risk Intelligence System offers customers a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area. This enables companies to evaluate both current and future security risks in real time to minimise risks across their operations.

Risk Intelligence clients currently operate more than 15.4% of the global merchant fleet.

Licences provide strong recurring revenue

The license agreement provides access to the Risk Intelligence System (MaRisk+PortRisk) through a subscription, paid for twelve months at a time, in advance. Variables of the Risk Intelligence System license agreements are: number of modules, selection of additional layers, number of users, and any technical integration such as API. The Risk Intelligence System license agreements create recurring revenue with a renewal rate of 98-100% (churn of 0-2%) and generates strong cash flow for the Company. The lifetime value (LTV) of a Risk Intelligence System license is on average about 1M DKK.

For more information on services and the System:

Please watch our corporate video: Knowing Risk

For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO

Jens Krøis, CFO
Jim Pascoe, CCO
Telephone: +45 7026 6230

E-mail: investor@riskintelligence.eu