Innovise acquires Ministry of Ideas, the specialist provider of risk and loss prevention solutions.

 
Bob Forsyth – Technology Advancement adds to Threat Landscape In his latest blog for Infologue Bob Forsyth, Chief Executive Officer at Kings Security reflects on the recent drone incidents at UK airports and what can be learned from it Read on »
Bobby Logue of Interconnective Ltd Infologue.com Top 30 UK Companies in the Regulated Security Sector 2018 The Infologue.com Top 30 mirrors the regulated private security sector Read on »
Carl Palmer – Choose your Company Values Carefully In his latest blog for infologue Carl Palmer, Exec Chairman at CIS Security writes on the subject of the importance of meaningful values for People in Security, and why. Read on »
Tuesday, 19 February 2019

Innovise acquires Ministry of Ideas, the specialist provider of risk and loss prevention solutions.

London – 2nd April 2018. Innovise Limited has acquired the Ministry of Ideas (MOI) businesses in the UK, North America and Poland to form a new division in the group, focused on risk and loss prevention software solutions. The deal allows the customers of MOI to benefit from the combined scale and software expertise of Innovise, while retaining the tight focus on the needs of the risk and loss prevention marketplace.

Mike Taylor, CEO of Innovise, explains the decision to buy: “MOI reminds me of Innovise Software in its earliest days, with its vertical market focus and dedicated team of professionals. We see great scope to help the business scale over coming years, which is why we were keen to acquire the business.”

Jason Trigg, Founder of MOI, explains the background to the deal: “Since we founded the business it has been focused on the needs of professionals in the risk and loss prevention market, especially retailers. However, as we have grown the need for scale and technology expertise has increased and this will change further with the arrival of GDPR in May 2018. Therefore, we decided the time was right to find a long-term home for MOI – one that would allow it to access investment resources and specialist knowledge while continuing its rapid growth in the risk and loss prevention space.”

Taylor confirmed that Innovise will take a long-term approach to MOI, maintaining its entrepreneurial focus and looking to improve its operational processes – leveraging some of the Innovise group resources where appropriate. Innovise will also look for opportunities for the two companies to work together.

Cortex, a division of Innovise, already has an office in Krakow, alongside that of MOI. Both companies have a fast-growing presence in North America, which may provide opportunities to share resources and scale more effectively. In the security space, Innovise will be looking at ways to link the data collected by users of its Timegate solution with some of the risk and crime solutions maintained by MOI.

“I am delighted to bring MOI into the Innovise fold and have every confidence that we will be able to help it grow and deliver great results for its customers and staff,” continued Taylor.

Innovise Website


Leave a Reply

Your email address will not be published. Required fields are marked *

*

Interconnective Security Products