LLR Partners has made an investment in iJET International, an operational risk management services provider. Proceeds of the new investment will be used to grow iJET’s customer base, expand channel partner relationships, invest in new technology and pursue strategic acquisitions.
“We are extremely pleased to partner with the leadership team of iJET on this investment,” said 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 International provides intelligence-driven operational risk management services to enable multinational companies and government organizations to understand their global threat exposure; protect their people, facilities and supply chains; and mitigate operational risk. iJET’s intelligence operation monitors and analyzes over 19,000 sources of information spanning more than 200 countries and 25 languages. The company tracks over 130 million trips annually for direct clients and travel management partners. Through its response network, iJET provides on-the-ground security and medical assistance in over 200 countries. iJET also assists customers in building and enhancing operational risk management program through policies, training, exercises and outsourced resources. Founded in 1999, iJET is a headquartered in Annapolis, MD with offices in London and Singapore (www.iJET.com).
“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.”
LLR Partners invests growth capital in technology and service businesses that have annual revenues of $25 million to $250 million in annual revenue, including those that serve commercial and government clients in the physical and cyber security markets, as well as government contractors to the US homeland security, defense, intelligence and healthcare agencies. LLR is currently investing out of its third fund with $800 million of capital commitments. The firm has over $2 billion of assets under management and has offices in Philadelphia, PA and Arlington, VA (www.llrpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-19-13