KatRisk Expands Portfolio with Acquisition of Gamma

Summary:

1. KatRisk, a catastrophic risk modeling software provider, acquired Gamma, a company specializing in location intelligence and property-level risk assessment.
2. The acquisition will allow KatRisk to enhance its offerings with Gamma’s expertise in property-level visualization and spatial analytics.
3. This strategic move strengthens KatRisk’s position in the market with the support of TA Associates and General Atlantic BeyondNetZero.

   Article:

   KatRisk Bolsters Capabilities with Acquisition of Gamma

   KatRisk, a leading provider of catastrophic risk modeling software, recently made a significant move by acquiring Gamma, a Dublin-based company known for its expertise in location intelligence and property-level risk assessment. The deal, whose financial details were not disclosed, marks a strategic development for both companies in the insurance and financial services industries.

   Gamma’s specialization in property-level visualization will now be integrated into KatRisk’s offerings, providing clients with intuitive map-based risk insights, dynamic dashboards, and enhanced spatial analytics. This collaboration is expected to enhance decision-making processes for insurers, governments, and financial institutions seeking high-resolution risk assessments in various areas such as inland flooding, storm surge, tropical cyclone wind, severe convective storm, and wildfire.

   Feargal O’Neill, CEO of Gamma, emphasized the company’s focus on delivering location intelligence solutions that enable better spatial insight and data-driven decision-making. With this acquisition, KatRisk aims to strengthen its position in the market and expand its reach with the support of TA Associates and General Atlantic BeyondNetZero.

   Overall, the acquisition of Gamma by KatRisk signifies a strategic move towards enhancing risk modeling capabilities and providing clients with comprehensive solutions for managing catastrophic risks effectively. This development underscores the commitment of both companies to innovation and excellence in the field of risk assessment and management.