Merging Risk: GlobalOptions Group Acquires Secure Source

Risk management company GlobalOptions Group is growing its risk consulting business with the acquisition of Secure Source, another international risk management firm.

Secure Source, founded in 1994, has specialized in investigations, business intelligence, executive protection and risk consulting for a number of Fortune 500 companies, as well as some high-profile law firms and "other global organizations".

The acquisition of Secure Source brings GlobalOptions greater worldwide presence, expanding the company to have some 80 investigators spread across 16 cities and 12 states. GlobalOptions has made other recent acquisitions of risk consultancy firms, and Dr. Harvey Schiller, the chairman of GlobalOptions, said the acquisition was part of a company plan to build "a formidable, one-stop solution to address the escalating security needs of global corporations, governments and high-net worth individuals."

The acquisition was reportedly worth $3.25 million in cash and stock.

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