Crain’s Chicago: Catalyst invests $41 million in Chicago firm Fusion

Chicago disaster recovery firm gets $41 million safety net

Crain’s Chicago
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.”

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“Fusion has built a reputation with its Fortune 500 customers as not only an exceptional risk management platform, but also as one of the tech industry’s top customer service practices,” said Ryan McNally, partner at Catalyst Investors. “The company is a clear leader in its space and is growing rapidly and profitably while gaining market share. The management team consists of world-class industry veterans with impressive track records of delivering enterprise-grade products to the largest corporate customers. We look forward to helping the company continue to gain market share, develop new products and expand internationally.”

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