Australian prescriptive analytics company Veriluma is expanding to the US via a partnership with US-based Diamond Capture Associates that will allow the Australian company to pitch for tenders from the US Federal Government focusing on the national security and law enforcement markets.
With the threat of global terrorism growing and the increasing complexities involved in identifying and disabling terrorism financing, there is an increasing need for prescriptive analytics technology to support governments in identifying, understanding and mitigating this complex threat environment and developing tactical and strategic decisions, the company said.
Prescriptive analytics software determines what is most likely to happen. Taking into account facts, data, opinion and experience, it anticipates what will happen, when and why, and delivers government departments with a preferred course of action. Veriluma’s technology is designed to complement and refine big data and business intelligence tools to provide solutions to a range of critical business and government problems and decision-making scenarios.
Developed in Defence, Veriluma’s software engine is now applicable across a broad range of industry. In Australia, law firm Gilbert + Tobin is piloting Veriluma’s prescriptive analytics software to help it improve outcomes for its clients.
Diamond Capture Associates is a US-based Software-As-a-Service (SaaS) solutions integrator focused on fraud detection and authentication, advanced analytics, enterprise solutions, cyber security and mobile security and business intelligence. Using big data analytics, Diamond Capture works closely with the US Federal Government on a number of national security issues including fraud detection and counter-terrorism.
The partnership was developed by Veriluma’s Global Vice President of Public Safety, Mark Carrick, former Commander of NSW Police Force Counter Terrorism Intelligence, Diamond Capture’s President, Bailey Spencer and renowned former Special Agent and national security expert John Cassara.
Veriluma’s CEO, Elizabeth Whitelock, says the prescriptive analytics firm is thrilled to be moving into the US Federal Government sector through this new partnership.
Whitelock commented: “Our partnership with Diamond Capture and John has opened up exciting opportunities for Veriluma in the US market. Through previous shared projects, they have tested the market and its willingness to deploy solutions like ours in US Federal Government projects, allowing for easier penetration of the market.
“The deal will help US Government departments use prescriptive analytics to make better decisions when working through complex national security and counter-terrorism issues.
“This is a natural progression from our Australian Defence Force intelligence roots. Through our unique public safety portfolio, we will leverage access to the US Federal Government that Diamond Capture provides.”
“We are pleased to be partnering with Veriluma to bring the power of prescriptive analytics to the US national security sector. Given the major threat of global terrorism and the complexity of identifying and disabling the financial networks that support terrorism, we see enormous opportunity for Veriluma to support decision-makers in developing anti-terrorism policies”, said Bailey Spencer, President of Diamond Capture.