25 May 2021

Risk Intelligence A/S announces today that the company has signed an agreement with a leading technology and engineering company for the Risk Intelligence System.

The company is a leader in engineering and technology solutions for the energy industry, employing cutting edge technology at the forefront of energy transition including biofuels, LNG and renewables.

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

“Their worldwide presence and diverse activities make them an ideal client for us, and we are really looking forward to providing them with advanced situational awareness through the Risk Intelligence System. With a global client base, they regularly have project cargo and personnel travel in high-risk areas and need access to the very best planning tools to assess their security risk. We’re proud to be their security intelligence provider of choice, delivering the Risk Intelligence System and advisory consultancy services.”

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 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