Crain’s Chicago: Catalyst invests $41 million in Chicago firm Fusion
By John Peltz
Unless you spend an inordinate amount of time worrying about the next disaster, you probably don’t know Fusion Risk Management.
That’s about to change. The Rolling Meadows-based company just landed $41 million, led by Catalyst Investors.
Fusion was founded in 2006 by David Nolan and with former colleagues Vic Fricas, John Jackson and Bob Sibik, who ran the disaster-recovery business at Rosemont-based technology equipment-leasing giant Comdisco. They’ve long toiled in the unsexy niche of helping big companies plan and handle disasters, from hurricanes to terrorist attacks. Nolan says Fusion goes a step farther, from helping companies draw up plans to actually managing them. Its software helps digitize and automate those plans, by enabling simple but crucial elements such as updating the people responsible for certain tasks.
“We’re getting people to think differently about business continuity management,” said Nolan, 58. “The problem with most risk tools is they point out the problem, not how to fix it.”