Preparis Raises Strategic Round of Capital

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Company to Focus on Continued Growth in Key Markets

Armistead Whitney, Preparis CEO

Armistead Whitney, CEO of Preparis

The business continuity industry is ripe for change. As more organizations seek cloud-based solutions to solve risk management problems, Preparis is well positioned with a comprehensive and cost-effective solution.

Preparis, a leading provider of business continuity and life safety technology and services, today announced that it has closed a strategic round of capital to accelerate the company’s growth in financial services and other key markets including legal and commercial real estate. New investors include JP Charter Oak Advisors of New York City and the Angel Investor Management Group of Alabama and are following existing investors Fulcrum Equity Partners and Imlay Investments. Terms of the investment were not disclosed.

“We specialize in private equity investments in financial institutions, as well as high-growth companies providing services to financial institutions,” said John Hompe, Managing Partner for JP Charter Oak Advisors. “In today’s world of increasing risk and regulatory pressure, Preparis helps solve an important problem within the financial services market.”

“We look for companies using the latest in social, mobile, and cloud technology to scale up their businesses,” added Dick Reeves of the Angel Investor Management Group. “Preparis has integrated these tools into a highly innovative solution and we look forward to leveraging our capital and expertise to support their growth.”

“The business continuity industry is ripe for change,” said Armistead Whitney, CEO of Preparis. “As more organizations seek cloud-based solutions to solve risk management problems, Preparis is well positioned with a comprehensive and cost-effective solution. This strategic round of capital provides Preparis new growth opportunities in our target markets.”

Preparis’ business continuity and life safety solutions integrate leading technology and services to help organizations easily respond to crisis events including natural disasters, terrorism, workplace violence, cyber attacks, pandemics and every day emergencies. Preparis provides the industry’s first subscription-based solution that delivers expert information, communications, incident management resources, response protocols and training services that protect businesses and employees from 21st century threats while facilitating regulatory compliance.

About Preparis

Preparis delivers leading business continuity and life safety solutions accessible via the web and mobile devices that protect a company’s employees, operations, revenue and brand ahead of the threat. Founded in 2007, Preparis is protecting organizations in over 200 cities worldwide. For more information about Preparis, please visit http://www.preparis.com.

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Preparis, Inc.
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