Risk Intelligence A/S announces the launch of the new Risk Intelligence System platform
Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces the launch of the new Risk Intelligence System platform, which will significantly improve client and user value and create a solid foundation for growth in annual recurring revenue.
MaRisk has been the benchmark for maritime intelligence platforms since 2008 and became the Risk Intelligence System, when PortRisk was added in 2015. Whilst continued development has been done since the last major platform launch in 2016, the Company is now ready to officially unveil the 4th generation to the market after a soft launch from 01 November to existing clients.
As part of the 2025 Strategy, it was decided to develop a brand-new platform for the Risk Intelligence System, which should include the best content and features from the existing platform and combine it with new technologies, new user experience and flexible options for selection of add-ons. It was also decided for Risk Intelligence to fully focus on intelligence analysis and subsequently fully outsource the technical development of the new platform to a partner. Risk Intelligence has therefore been developing the new platform in very close cooperation with the partner, Geollect, from the UK, incorporating a new suite of features, as standard, but also has options to upgrade certain users to new optional features – tailoring the platform to suit an increasingly wide array of organisations using the Risk Intelligence System today.
The growth in revenue will be driven by the strategy aims to diversify revenue for the Risk Intelligence System effectively by introducing three revenue streams: The original licensing model based on the number of users remains the core, while optional fee-based features tailored to client needs are introduced. Additionally, third-party data services, such as My Fleet (ship position data) and AIS history analysis, are offered to enhance the client experience and boost overall revenue. This approach provides flexibility for clients while increasing revenue potential.
With the new Risk Intelligence System platform and the range of options, which will significantly improve the client and user value, as the main drivers, the Company is expecting an increase in NRR and subsequently ARR driving growth up to 30% per year. The price increase will be implemented to the clients over the next 12 months as they renew, but some will select features and/or third-party already earlier and thereby increase the license fee earlier.
Hans Tino Hansen, CEO of Risk Intelligence says:
“With the launch of the new Risk Intelligence System platform we have reached a central milestone in the 2025 Strategy. The process of developing the new platform and leading to the launch have been long and have involved many people from Risk Intelligence and Geollect, and I would like to thank them all for their extraordinary involvement during 2022 and 2023.
Following the soft launch on 01 November, the immediate reception from the users of a select number of clients have been positive and now we are focusing on launching it to the many clients, which are about to renew licenses for the calendar year. After this, we will roll-out the new System to all other clients successively and will invite potential new clients to test as well.
Having been part of the development and launch of all products and platforms in the company history, I believe this, together with the first one in October 2008, is the most exciting and by far the most promising in terms of prospects for growth and future development”.
About Risk Intelligence
Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based Risk Intelligence System, as well as consulting services.
A large part of Risk Intelligence’s clients is maritime, and these clients currently operate more than 15.7% of the global merchant fleet.
With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients’ operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm.
The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.
The Risk Intelligence System offers clients a complete picture of immediate, short-, and medium-term security risks for coastal areas, ocean, port, and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.
For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk
