Dow Jones strengthens geopolitical intelligence with $40m acquisition of Dragonfly Intelligence and Oxford Analytica

Dow Jones has announced a strategic move to enhance its geopolitical risk intelligence offerings with the acquisition of Dragonfly Intelligence and Oxford Analytica from FiscalNote Holdings, Inc. for $40 million. The acquisition, which is expected to close in the first quarter of 2025, remains subject to regulatory approval in Austria and other customary closing conditions.

Dow Jones Expands Risk and Compliance Capabilities Amid Rising Demand for Security Intelligence

This latest acquisition underscores Dow Jones’s broader commitment to expanding risk and compliance solutions, reinforcing its position as a leading provider of intelligence-driven insights for multinational corporations, financial institutions, and government entities. With geopolitical risk intelligence becoming increasingly vital in today’s volatile global landscape, the integration of these firms is set to strengthen Dow Jones’s ability to provide highly specialized security intelligence and macroeconomic risk analysis.

Strategic Acquisition to Enhance Risk and Security Intelligence

As businesses navigate an era of escalating geopolitical tensions, supply chain disruptions, and regulatory shifts, the demand for real-time security intelligence has surged. Dow Jones’s acquisition of Dragonfly Intelligence and Oxford Analytica is poised to deliver enhanced analytical tools and forecasting capabilities, enabling decision-makers to mitigate emerging risks and anticipate global disruptions.

Dragonfly Intelligence, headquartered in London and Singapore, specializes in geopolitical security intelligence, offering crisis management and threat assessment solutions for corporate and government clients. The firm provides early warning systems, risk rating methodologies, and direct access to security analysts, helping organizations navigate political instability and operational challenges.

Similarly, Oxford Analytica, established in 1975, is recognized for its macroeconomic risk assessments and geopolitical advisory services. Leveraging a global network of expert analysts, the firm delivers strategic intelligence to companies and institutions seeking to navigate global economic volatility, regulatory shifts, and geopolitical uncertainty.

Dow Jones’s Growing Focus on Geopolitical Risk Intelligence

The integration of Dragonfly Intelligence and Oxford Analytica into Dow Jones Risk & Compliance is expected to enhance its existing portfolio, providing corporate clients with advanced security intelligence tools and geopolitical insights. With geopolitical risks becoming a central concern for businesses and investors, this move reinforces Dow Jones’s commitment to delivering data-driven intelligence solutions.

Dow Jones has been actively expanding its risk intelligence capabilities, aligning with its long-term vision of becoming a premier provider of compliance and geopolitical risk solutions. The acquisition follows Dow Jones’s recent purchase of WorldECR, a specialized provider of global export control and trade sanctions intelligence, and an expansion of its stake in Ripjar, a company focused on data intelligence and financial crime prevention.

These acquisitions signal Dow Jones’s aggressive investment strategy to strengthen its risk and compliance division, a segment that has witnessed substantial revenue growth.

Financial and Strategic Implications for Dow Jones

The geopolitical risk intelligence market has seen increased demand amid global uncertainties, making this acquisition a timely expansion for Dow Jones. In fiscal year 2024, Dow Jones Risk & Compliance reported 16% year-over-year revenue growth, reaching nearly $300 million—a figure driven by growing demand for regulatory intelligence, compliance solutions, and security risk assessments.

The acquisition of Dragonfly Intelligence and Oxford Analytica is expected to contribute to further revenue growth by strengthening Dow Jones’s suite of risk and compliance products, providing businesses with deeper geopolitical insights and predictive intelligence tools.

Dow Jones’s parent company, News Corp, anticipates receiving a $4 million tax benefit from the transaction, reinforcing the financial advantage of the deal.

Implications for Businesses and Compliance Professionals

As the regulatory landscape continues to evolve amid geopolitical uncertainties, businesses are increasingly reliant on comprehensive risk intelligence services to guide decision-making. The acquisition of Dragonfly Intelligence and Oxford Analytica positions Dow Jones as a trusted intelligence partner for multinational corporations, regulatory bodies, and financial institutions seeking to anticipate and mitigate emerging risks.

This investment strengthens Dow Jones’s ability to offer real-time geopolitical intelligence, ensuring that clients remain proactively informed about potential disruptions, security threats, and macroeconomic developments.

Regulatory Considerations and Legal Oversight

The completion of the deal remains contingent upon regulatory approval in Austria, reflecting global compliance requirements for acquisitions involving geopolitical risk intelligence providers. Dow Jones has engaged legal counsel to oversee the transaction and ensure compliance with international regulatory frameworks governing risk and security intelligence services.

Dow Jones’s Long-Term Growth Strategy in Intelligence Services

Dow Jones’s acquisition strategy reflects a broader trend in the media and intelligence sector, where data-driven insights are becoming a critical asset for businesses. By integrating Dragonfly Intelligence and Oxford Analytica into its portfolio, Dow Jones aims to solidify its role as a leading provider of risk and compliance solutions, catering to businesses that require highly specialized geopolitical intelligence and security assessments.

With global markets facing unprecedented levels of uncertainty, Dow Jones’s expanded capabilities in geopolitical risk intelligence will provide businesses with the strategic insights needed to navigate complex global environments.

About Dow Jones

Dow Jones is a global leader in news and business intelligence, delivering premium content across print, digital, mobile, and live events. With a legacy spanning over 130 years, it operates one of the world’s largest news-gathering networks, serving businesses, policymakers, and investors. The company’s flagship brands include The Wall Street Journal, Barron’s, MarketWatch, Dow Jones Risk & Compliance, Factiva, and Dow Jones Newswires. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

About FiscalNote

FiscalNote (NYSE: NOTE) is a leading provider of policy and regulatory intelligence, delivering AI-driven insights to businesses and institutions. Since 2013, the company has been at the forefront of political and business risk intelligence, serving a global customer base across North America, Europe, Asia, and Australia.