Research Innovations, Inc. (RII) Market Research Report

Background

Overview

Research Innovations, Inc. (RII) is a technology company specializing in national security solutions, focusing on information systems, cybersecurity, and data analytics. Founded in 2009 by Rich Briggs, RII is headquartered in Alexandria, Virginia, with additional offices in Melbourne, Florida, San Antonio, Texas, and St. Petersburg, Florida. The company serves defense, intelligence, and cyber clients within the U.S. Government and select international customers. RII's mission is to "Create RIIdiculously Awesome® solutions that make the world safer."

Mission and Vision

RII is dedicated to delivering transformative technology solutions that address complex challenges in national security. The company's vision is to lead digital transformation in defense and intelligence sectors by providing innovative and effective solutions.

Primary Area of Focus

RII's primary focus areas include:

• Information Systems: Developing and integrating advanced information systems to enhance operational efficiency.

• Cybersecurity: Providing robust cybersecurity solutions to protect critical infrastructure and data.

• Data Analytics: Utilizing data analytics to inform decision-making and strategic planning.

Industry Significance

RII plays a crucial role in the defense and intelligence sectors by offering cutting-edge solutions that support national security objectives. The company's expertise in artificial intelligence, machine learning, and cyber technology positions it as a leader in the field.

Key Strategic Focus

Core Objectives

• Innovation: Continuously developing and deploying innovative technologies to meet evolving security challenges.

• Customer Collaboration: Partnering closely with clients to co-create solutions tailored to their specific needs.

• Operational Excellence: Ensuring high-quality service delivery through efficient and effective operations.

Specific Areas of Specialization

• Combined Joint All-Domain Command and Control (CJADC2): Leading efforts in integrated command and control systems across multiple domains.

• Artificial Intelligence and Machine Learning: Applying AI and ML to enhance decision-making and operational capabilities.

• Cyber Technology: Developing advanced cybersecurity solutions to safeguard critical assets.

Key Technologies Utilized

• PRIISM™ Decision Advantage Platform: A platform designed to empower defense organizations with faster access to data and workflow interoperability.

• Artificial Intelligence and Machine Learning Algorithms: Utilized to analyze complex data sets and support strategic decisions.

• Advanced Cybersecurity Tools: Employed to detect and mitigate cyber threats in real-time.

Primary Markets Targeted

• U.S. Department of Defense: Providing solutions to enhance defense operations.

• Intelligence Agencies: Supporting intelligence gathering and analysis.

• International Defense and Security Organizations: Collaborating with global partners to address security challenges.

Financials and Funding

Funding History

RII is a privately held company and has not publicly disclosed detailed financial information or funding history. The company has achieved significant growth, as evidenced by its inclusion in Deloitte's Technology Fast 500™ and Inc. magazine's list of fastest-growing private companies.

Recent Financial Milestones

• Deloitte's Technology Fast 500™: Ranked 309th in 2018 and 416th in 2019, reflecting substantial revenue growth.

• Inc. 5000 Regionals: Mid-Atlantic: Ranked 101st in 2023 and 114th in 2024, indicating continued expansion and success.

Utilization of Capital

While specific details on capital utilization are not publicly disclosed, RII's growth and expansion suggest investments in:

• Research and Development: To drive innovation in technology solutions.

• Talent Acquisition: Hiring skilled professionals to support expanding operations.

• Infrastructure Expansion: Establishing new offices and facilities to serve clients more effectively.

Pipeline Development

Key Pipeline Candidates

RII's pipeline includes:

• PRIISM™ Decision Advantage Platform: A platform designed to enhance decision-making capabilities for defense organizations.

Stages of Development

• PRIISM™: Launched in 2023, currently in deployment with select clients.

Target Conditions

• Operational Efficiency: Improving decision-making speed and accuracy in complex environments.

• Interoperability: Ensuring seamless integration across various defense systems.

Anticipated Milestones

• 2023: Launch of PRIISM™ at the AUSA Annual Meeting and Exposition.

• 2024 and Beyond: Ongoing deployment and refinement based on user feedback and operational needs.

Technological Platform and Innovation

Proprietary Technologies

• PRIISM™ Decision Advantage Platform: A proprietary platform developed to provide defense organizations with enhanced decision-making capabilities.

Significant Scientific Methods

• Artificial Intelligence and Machine Learning Algorithms: Applied to analyze complex data sets and support strategic decisions.

• Advanced Cybersecurity Protocols: Utilized to detect and mitigate cyber threats in real-time.

Leadership Team

Key Executives

• Jack Harrington: Chief Executive Officer (CEO). With a background in defense technology, Harrington has been instrumental in RII's growth and strategic direction.

• Rich Briggs: Founder and Chief Technology Officer (CTO). Briggs established RII in 2009 and has led the company's technological innovations.

• Erin Fristoe: Vice President of People. Fristoe oversees talent acquisition and employee engagement, contributing to RII's recognition as a top workplace.

Leadership Changes

No significant leadership changes have been publicly reported in recent years.

Competitor Profile

Market Insights and Dynamics

The defense and intelligence technology sector is characterized by rapid technological advancements and increasing demand for cybersecurity solutions. Companies in this space must navigate complex regulatory environments and maintain agility to address evolving security threats.

Competitor Analysis

RII's primary competitors include:

• Kinex: A Virginia-based company specializing in software and IT solutions for defense and intelligence sectors.

• Strategicaci: Provides software engineering and IT solutions, focusing on defense and intelligence applications.

• Barbaricum: Specializes in government contracting services, including technology solutions for defense and intelligence.

• Nyla Technology Solutions: Offers software engineering and IT solutions, with a focus on defense and intelligence sectors.

• DejaVu Cyber: Specializes in cybersecurity solutions for defense and intelligence applications.

• MetroStar Systems: Provides IT, AI, and digital transformation solutions for government and commercial clients.

Strategic Collaborations and Partnerships

RII collaborates with various defense and intelligence agencies to co-create solutions tailored to specific operational needs. The company's partnership with the U.S. Army's xTechPacific competition, where it won with its Dragonfly technology, highlights its commitment to innovation and collaboration.

Operational Insights

RII's focus on innovation, customer collaboration, and operational excellence differentiates it from competitors. The company's ability to rapidly deploy transformative technologies and its commitment to creating a positive workplace culture contribute to its competitive advantage.