Making waves: IMSA to merge with Dryad Globalto form new maritime risk technology company

A maritime information enterprise that moved its headquarters to Chattanooga six decades back to acquire edge of the city’s substantial-pace internet backlinks is merging with a London-based maritime intelligence company.

Worldwide Maritime Security Associates (IMSA), a maritime technology organization started off almost a 10 years ago in Fort Lauderdale which went on to acquire the top rated CHATech award in Chattanooga five a long time in the past, is combining with Dryad World-wide. The mixed enterprise will provide true-time maritime security, assessment and possibility details to clientele at their desks on land or in the bridge at sea.

Corey Ranslem, CEO of IMSA Worldwide, will serve as CEO of the merged enterprise, which will be acknowledged as Dryad Global.

“This merger presents customers a maritime hazard and stability tech giving that is unparalleled in the provision of data, AI and human-intelligence maritime stability reporting, intelligence, protection analysis and alerts,” Ranslem explained in a statement about the merger. “Dryad World-wide will emerge as a spouse of selection for massive-scale coverage companies, logistics companies and intercontinental nations.”

The merged corporation will be headquartered in London but will have an office in South Florida and will maintain the world-wide intelligence, functions and development middle in Chattanooga.

“This is an incredibly thrilling time for us the merger will advantage our shoppers enormously in the coming months and several years,” Phil Diacon, the main running officer for the put together corporation, reported in a statement launched this 7 days. “This integration is a clearly show-halting proposition for our customers, buyers, shareholders and personnel.”

IMSA launched its computer software platform, recognised as Automated Danger Administration Methods (ARMS), in 2018. Ranslem mentioned the ARMS products line will be the primary line for the corporation and is presented by means of three main item traces — ARMS Shipboard, ARMS Fleet Supervisor and ARMS Cybersecurity.

The merger of the two providers is expected to be done by the stop of the summertime, Ranslem stated.

The organization is qualified at about 55,000 cargo vessels, virtually 7,000 huge yachts and about 250 cruise ships that function close to the world.

— Compiled by Dave Flessner