RedZone Maps, Miami-based maker of a GPS-driven, real-time crime and navigation map application, reported recently that it plans to merge with New York-based Helios and Matheson Analytics Inc., a global big data and analytics provider.
RedZone Maps was created by electrical and electronic manufacturing firm Zone Technologies Inc. Its GPS app lets users identify areas of high crime incidence — or “red zones” — in order to optimize safety, including real time alerts. Based in Chambly, Quebec, Canada, Zone Technologies Inc. was founded in 1997 by Yvon Dupuis and François Otis, who saw a market niche in equipment for police and service vehicles.
With the combination of resources, RedZone — which also operates offices in Israel — now predicts enhanced coverage and identification of events via social media platform monitoring.
"Upon discovering Helios and Matheson's cutting edge capabilities in big data analytics and artificial intelligence, we saw the synergy immediately,” Ted Farnsworth, RedZone Maps founder and CEO, said. “I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide."
Helios and Matheson Analytics is headquartered in New York City and maintains offices and facilities located in Silicon Valley and India. The company’s leader concurred with Farnsworth in identifying the two companies’ compatibility.
"Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions,” CEO Pat Krishna said. “We plan to expand that mission through our pending merger with RedZone Maps."