Fusion Risk Management Company Profile

Background

Founded in 2006, Fusion Risk Management, Inc. is a leading provider of cloud-based operational resilience, business continuity, and risk management software and services. The company's mission is to empower organizations to make data-driven decisions with a holistic, agile approach, enabling them to deliver on their brand promise through disruption. Fusion's flagship platform, the Fusion Framework® System™, integrates various aspects of operational resilience, including business continuity, disaster recovery, risk management, IT and security risk management, and crisis and incident management.

Key Strategic Focus

Fusion's strategic focus centers on delivering comprehensive solutions that enhance organizational resilience. The company specializes in:

Operational Resilience: Providing tools to anticipate, prepare for, respond to, and learn from disruptions.

Business Continuity Management: Ensuring critical operations continue during unexpected events.

Risk Management: Identifying and mitigating potential risks across the organization.

Third-Party Risk Management: Managing risks associated with external partners and vendors.

Crisis and Incident Management: Offering solutions for effective response to crises and incidents.

Fusion's primary markets include financial services, healthcare, insurance, retail, and manufacturing sectors.

Financials and Funding

Fusion has secured multiple funding rounds to support its growth and innovation:

September 2019: Received a strategic investment from Vista Equity Partners' Endeavor Fund to scale its platform and accelerate product development.

April 2023: Announced a majority investment from Great Hill Partners to enhance go-to-market and product innovation capabilities. Existing investors Vista Equity Partners, Catalyst Investors, and Level Equity Management retained significant minority stakes.

Financial terms of these transactions were not disclosed.

Technological Platform and Innovation

Fusion's technological platform is distinguished by:

Fusion Framework® System™: A cloud-based platform that integrates various aspects of operational resilience, enabling organizations to manage business continuity, risk management, IT disaster recovery, and crisis and incident management through a single system.

Dynamic Response Console: An agile solution that streamlines response and recovery with a data-driven approach, allowing organizations to leverage dynamic response strategies instead of static plans.

Intelligent Incident Manager: A purpose-built solution that enables organizations to identify the full scope of an incident and recognize impacted assets or known outages.

Leadership Team

Michael Campbell: Chief Executive Officer

James Stewart: Chief Financial Officer

Judith Tigner: Chief Operating Officer

Cory Cowgill: Chief Technology Officer

Katie Burgoon: Chief Human Resources Officer

Competitor Profile

Market Insights and Dynamics

The operational resilience and risk management software market is experiencing significant growth, driven by increasing regulatory requirements and the need for organizations to manage complex risk landscapes. Companies are investing in solutions that provide real-time data and insights to enhance their resilience and continuity strategies.

Competitor Analysis

Key competitors in the operational resilience and risk management software space include:

Numerix: Provides analytics and software for risk management, trading, valuations, and pricing for both sell-side and buy-side market participants.

Risk Strategies: A private American insurance brokerage and risk management advisor offering a range of services to help organizations manage risk.

Strategic Collaborations and Partnerships

Fusion has established several strategic alliances to enhance its offerings:

PwC (October 2022): Formed a multi-region alliance to help businesses meet key operational resilience objectives by combining PwC's methodologies with Fusion's data analytics and automation.

KPMG UK (January 2023): Partnered to deliver improved business continuity services, combining KPMG's expertise with Fusion's platform to support enhanced operational resilience.

Operational Insights

Fusion's strategic partnerships and continuous innovation position the company as a leader in the operational resilience and risk management software market. By integrating comprehensive solutions and forming alliances with industry leaders, Fusion enhances its market position and offers distinct competitive advantages.

Strategic Opportunities and Future Directions

Fusion aims to:

Expand Product Offerings: Continue developing innovative solutions to address emerging risks and regulatory requirements.

Enhance Market Reach: Leverage strategic partnerships to enter new markets and industries.

Invest in Technology: Focus on integrating advanced technologies, such as artificial intelligence and machine learning, to provide more predictive and proactive risk management solutions.