Technosylva acquires KatRisk
Technosylva , a provider of wildfire simulation modeling, risk analysis and operational response software solutions, has acquired KatRisk, a catastrophe modeling company. Together, the two will offer an integrated approach for risk assessment, prediction, and response solutions across wildfire, flood, severe convective storm, and other extreme weather threats.
“As the frequency and severity of natural disasters increase, the need for precise, multi-peril catastrophe modeling has become essential. By uniting our respective strengths in wildfire risk modeling and catastrophe modeling, we are positioned to offer our customers an unmatched suite of tools to anticipate, plan for, and effectively respond to a multitude of extreme weather events. We look forward to further expanding and enhancing these capabilities as we enter our next phase of growth.” – Bryan Spear, CEO of Technosylva.
Technosylva’s solutions – including Wildfire Analyst, fiResponse and Tactical Analyst – equip electric utilities and government agencies with data-rich forecasts and real-time wildfire spread simulations to safeguard their communities and assets from the devastating effects of wildfires. Wildfire Analyst, in particular, has become a mission-critical tool for electric utilities, providing essential insights that help them mitigate wildfire risk.
“Our goal has always been to leverage the best available science and technology to protect people, communities and assets. Joining forces with KatRisk enables us to expand our modeling and analytics capabilities across more types of extreme weather events, providing customers with accurate and actionable insights that are critical to create more resilient societies in a time when extreme conditions have become the new normal.” – Joaquin Ramirez, Founder and Chief Technology Officer of Technosylva.
KatRisk’s offerings, including SpatialKat and SoloKat, provide precise financial risk simulations for natural disasters, allowing insurance companies to quantify and prepare for catastrophic events like floods, hurricanes and severe convective storms.
“KatRisk’s specialized flood and hurricane models have become indispensable for over 100 of the largest insurance and financial services companies around the world, especially in high-risk areas increasingly impacted by climate change. Partnering with Technosylva gives us the opportunity to offer a more integrated platform, including providing access to the leading wildfire models in the world, filling a critical need in the industry, and ensuring customers have the insights and flexibility they need to address their specific challenges and adapt to evolving climate risks. We believe this will be transformative, not only for Technosylva and KatRisk, but for our customers and the communities they serve.” – Jeffrey Chen, CEO of KatRisk.
Technosylva and KatRisk will continue to support and expand their existing suite of products, while also exploring new solutions that leverage their shared expertise and synergies.