Security Firm IJet Taps Hoffman To Lead Expansion

IJet Intelligent Risk Systems last month named as CEO Stephen Hoffman, a former leader of multiple technology solution providers, replacing Bruce McIndoe, who remains vice chairman of the board and president of the Annapolis, Md.-based company.

Hoffman told BTN that he plans to grow the company through acquisition, international expansion, developing relationships with travel management company partners and leveraging the proliferation of corporate risk management and security programs.

While acquisitive growth is not an immediate focus, Hoffman said in the next six months to 18 months it is part of the growth plan, which also includes expanding its base of between 400 and 500 active clients, predominately U.S.-based multinationals, 60 percent of which are direct corporate relationships and 40 percent that are served through agency partners.

Hoffman plans to expand in Asia/Pacific, where IJet opened a Singapore office earlier this year, and build a presence in Europe, the Middle East and Africa. "Any company grows by accumulating relationships that are relatively close to it," Hoffman said. "We are interested in striking out and establishing relationships with entities headquartered all around the globe and helping them with their global challenges."

Hoffman previously served as CEO of corporate learning solutions provider Element K, following two years as president and COO of Blackboard and six years as CEO of Prometric.