Altegrity Risk International Announces Acquisition of Corporate Risk International

NEW YORK--(BUSINESS WIRE)--Altegrity Risk International, Inc. (ARI), president and CEO Michael Beber today announced that ARI—an Altegrity, Inc., company providing high-quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations around the world—has acquired Corporate Risk International (CRI), a global, full-service business intelligence and risk management firm. CRI has provided due diligence, investigative, and crisis management services globally for almost 20 years. Terms of the transaction were not disclosed.

“This is a great opportunity for CRI, our employees, and our customers”

“The marriage of CRI’s broad industry and process expertise and ARI’s investment in technology, databases, and analytics, creates a winning combination,” said Mr. Beber. “Together under the Altegrity Risk International brand, we will provide enhanced due diligence, investigative, analytic, consulting, and intelligence solutions to our growing U.S. and international customer base.”

CRI specializes in U.S. and international due diligence and investigative projects, white collar crime investigations, business intelligence gathering, undercover investigative operations, and anti-money laundering analyses. The company also conducts security and risk assessment surveys and provides crisis management and executive protection services.

Founded in 1991, CRI is headquartered in the Washington D.C. area and has offices in Houston (which serves customers in the U.S. and Latin America), Hong Kong, and London. The company has a network of analysts, investigators, consultants, and crisis response specialists around the globe with experience in more than 150 countries. Over the past five years, CRI has conducted more than 65,000 diligence reviews and investigations, over 60 percent of which had an international scope.

In addition, through a long-term relationship with Professional Indemnity Agency (PIA), CRI handles cases involving kidnapping, illegal detention, and extortion. Since 1993, CRI has successfully responded to more than 500 such crises in every major country around the globe. ARI will continue to provide these services under the CRI brand.

“This acquisition brings together many of the top professionals in the risk management, investigations, business intelligence, and due diligence fields,” said Lee Spirer, ARI chief operating officer. “Working closely with the CRI leadership team, I have gained tremendous respect for their capabilities and the quality of their professionals at all levels. Their wealth of global experience and significant international customer base provides a strong platform upon which we will grow. Together, we have significant aspirations for what we can help our clients achieve.”

Sean McWeeney, CRI founder and chairman, will continue to provide advice and counsel to the ARI leadership team. Jim McWeeney, CRI president and CEO, will serve as senior managing director and leader of ARI’s Decision Intelligence practice area. Tom McWeeney, CRI chief operating officer, will serve as managing director and leader of the Washington, D.C., area office.

“This is a great opportunity for CRI, our employees, and our customers,” said Jim McWeeney. “The strategic combination provides additional resources to grow our business and expand our customer-focused solutions around the world. Together, this new team will extend our solutions that help clients anticipate, prevent, and resolve issues, reduce fraud and loss, and maximize business opportunities.”

Altegrity Risk International (ARI) provides high quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to multinational corporations and other organizations around the world. The company’s multidisciplinary team of experts from the fields of investigations, forensics, data intelligence, and financial technology provides its clients with specialized solutions to identify, analyze, prevent, and remediate the entire range of financial, legal/regulatory, and reputational risks. Headquartered in New York City, ARI provides global coverage through offices in Chicago, Hong Kong, Houston, London, Los Angeles, and Washington, D.C.

Corporate Risk International (CRI) employs a domestic and international network of 400-plus highly experienced security consultants, investigators and specialists. CRI specializes in major domestic (USA) and international due diligence and investigative projects, white collar crime investigations, business intelligence gathering, undercover investigative operations and anti-money laundering analyses. CRI also conducts security and risk assessment surveys, executive protection, emergency evacuations, and responds to cases involving kidnapping, illegal detention and extortion.

This press release contains “forward-looking” statements that involve risks and uncertainties. Forward-looking statements identify prospective information. Important factors could cause actual results to differ, possibly materially, from those stated in the forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking statements speak only as of the date the statements are made. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.