Security risk management experts join forces
By Canadian Security
In response to a growing global demand for travel risk management services, AFIMAC Global and FocusPoint International have joined forces to introduce new products and services and penetrate the underserved global travel security market. The combined company will track business travelers and assets worldwide and help manage all types of health, safety, and security-related crises across all points of the globe.
By Canadian Security
“While demand for travel risk management has continued to skyrocket as executives, international assignees and expatriates increasingly have to travel to and operate in less safe areas worldwide, organizations have had nothing more than paper insurance policies and reports on risks to address their global security concerns,” said Peter Martin, Group President & CEO of U.S. Crisis Inc., the holding company for AFIMAC that recently acquired FocusPoint. “As industry leaders and noted experts in global security, asset tracking and crisis response, the teams at AFIMAC and FocusPoint will work together seamlessly to provide advanced TRM solutions for organizations looking to meet their duty of care obligations and eliminate the cost of response.”
TRM products developed by FocusPoint include MyTrac, a location-based asset-tracking solution, and Crisis Assistance Plus, a fully funded travel assistance membership program that guarantees assistance for health, safety, and security-related crises that affect members during travel. “These products are the missing link in all security-provided programs to the travel and corporate industry and align perfectly with our overall growth strategy of seizing the tremendous market opportunities within our core competency of global travel risk management,” Martin added.
Traditionally, security programs have focused on the C-suite and upper executive management levels, but the combined company will serve all business travelers regardless of their positions in their organizations, genders and ages. The companies expect demand for these services to continue to increase. Studies show that business travel contributed more than $1.8 trillion to the global economy in 2014, with spending expected to grow almost 9% in 2015 and more in coming years.
During the past 30 years, Miami-based AFIMAC has built its presence throughout most of the United States, Latin America, and parts of Africa. FocusPoint, with headquarters in San Diego, has expanded into portions of Latin America, Africa, the Middle East, and Europe. The acquisition immediately doubles the footprint of both companies beyond their core geographic areas, expands their global reach, and brings additional services to their customer base.
Greg Pearson, President & CEO of FocusPoint International, added: “This transaction capitalizes on the natural synergies between AFIMAC and FocusPoint and provides FocusPoint with access to new distribution channels, infrastructure, and technical talent. We are thrilled to work with the top-notch professionals at AFIMAC.”