Tensility is proud to announce the acquisition of Stabilitas, a Tensility Fund II investment, by OnSolve. This is an exciting exit for us, and we are thrilled to see a team led by two veterans, Greg Adams and Chris Hurst, navigate the entrepreneurial cycle to build Stabilitas from zero to a successful exit.
Now more than ever, the ability to understand a situation and its impacts in real-time, rather than after the fact, is a key skill for businesses around the world. However, doing so in today’s data-rich and resource-constrained world requires a force multiplier, such as artificial intelligence, to enable humans to quickly analyze and act on insights from the countless data points generated every moment of every day. The value of such a capability is clearly recognized by OnSolve, a leader in multi-modal critical event management, as evidenced by its acquisition of Stabilitas Situational Awareness platform. Stabilitas created a product that combs over 17,000 data sources to correlate critical events with key enterprise assets and will bolster OnSolve’s Critical Event Intelligence capabilities.
With just under a year since our initial engagement, this is one of Tensility’s shorter investments, however, we have thoroughly enjoyed the opportunity to work with Greg, Chris, and the rest of the Stabilitas team. It has been a pleasure to see the team grow its offerings and partnerships over the course of our relationship. From deepening Stabilitas' relationship with G4S – the largest global, integrated security company – to understanding the societal impacts of COVID-19 and sheltering at home, it has certainly been a productive year for Stabilitas and we wish them all the best as they become part of the OnSolve team.
To learn more, read the press release from OnSolve, check out our previous announcement of our investment in Stabilitas, or visit the Stabilitas website.