Critical event management company OnSolve today announced the acquisition of Stabilitas, a 7-year-old Seattle startup that sells threat response software.
Stabilitas combines crowdsourced expert knowledge with technology to help alert customers of safety incidents that may affect traveling employees and other assets. OnSolve offers a similar product.
“Joining OnSolve was a natural fit because we are both focused on keeping people and organizations safe,” Stabilitas CEO Greg Adams said in a statement. “Stabilitas’ AI-powered critical event intelligence coupled with OnSolve’s leading global critical communications solutions will take critical event management to the next level.”
Terms of the deal were not disclosed.
Past military experience helped drive Adams and his co-founder Chris Hurst to create Stabilitas in 2013.
Adams was a Special Forces Team Leader in western Afghanistan and helped coordinate with various organizations across business, government, and nonprofits. Hurst was an Army Diver and led engineering teams throughout the Middle East, Asia, and South America before running a risk management team at Mercy Corps. The co-founders attended West Point together and were also classmates at the same program at Harvard.
Stabilitas will remain in Seattle and its 15 employees will join OnSolve, which will maintain the Stabilitas brand. The Seattle startup had raised $5 million to date from investors including Tappan Hill Ventures, TFX Capital, CrowdSmart, AoA, Bellingham Angels, Cascade Angels, Pasadena Angles, and the Santa Barbara Angels.
Adams is now chief strategy officer at OnSolve.
Founded in 2017, OnSolve is based in Alpharetta, Ga., and employs 320 people.
“Our customers will now be able to leverage the latest technological advances to more quickly and accurately anticipate, analyze and manage crises to ultimately keep people safe, informed, assured and productive when it matters most,” OnSolve CEO Mark Herrington said in a statement. “This acquisition also enables us to uniquely provide business resiliency and continuity by combining situational awareness, critical communications as well as incident management.”
Factal is another Seattle startup that helps companies protect employees and assets from threats around the globe.
