New York-Based Corporate Risk Management Firm Joins BDO

Chicago-based BDO USA (FY18 net revenue of $1.46 billion) has announced the asset acquisition of Lootok, a crisis management and business continuity consulting and technology firm headquartered in New York.

BDO expects the acquisition to improve its risk management capabilities in order to offer an end-to-end suite of services.

The firm says that Lootok integrates military models, cognitive science, design thinking and game theory with industry risk management standards to create new ways of understanding the disciplines of business continuity, crisis management and enterprise risk management. Lootok helps organizations of all sizes and industries transform their risk programs.

Jay Duke, national MP of advisory services at BDO USA, says, “In today’s rapidly evolving risk environment, risk managers need a new toolset and a modernized, nonlinear business continuity program. Lootok brings an innovative, proactive approach to building business resiliency that will complement BDO’s existing business continuity services.”

Lootok CEO Sean Murphy has joined the firm as managing director and will lead BDO’s crisis management and business continuity practice. The professionals of Lootok have also joined BDO’s New York office.

“Joining BDO provides us with a wider platform to solve problems for our clients across the full spectrum of resiliency and opens up new avenues for risk management innovation,” says Murphy. “By working together, we will help clients elevate their risk management programs to the next level and increase agility in the face of disruption.”