Government Business
Carahsoft | June 30, 2022
Carahsoft Technology Corp. is agovernment IT solutions provider delivering best-of-breed hardware, software, and support solutions to federal, state, and local government agencies. It announced entering into a partnership with an industry-leading provider of software-as-a-service (SaaS) to government regulatory bodies.
ThentiaCloud,aproprietarylicensingplatformcreatedforregulatorsbyThentia,willbemorewidelyadoptedbyregulatorsasaresultofthisnewpartnership. Thentia's Master Government Aggregator®, Carahsoft, will make Thentia Cloud available to the public sector through its reseller partner networks and contracts with the National Association of State Procurement Officials (NASPO) ValuePoint, GSA Schedule, and OMNIA Partners.
This exciting partnership comes at an incredibly opportune time for Thentia, as the company experienced significant growth in 2021 and is poised for even greater platform adoption in 2022 and beyond. We look forward to working with Carahsoft to further accelerate the momentum and traction we're currently gaining with regulatory agencies acrossNorth America. Carahsoft, as well as other partners, will play a pivotal role in expanding Thentia's position in the public sector as a leading government technology platform."
Bonnie Campo, Thentia's Vice President, Strategic Alliances
Campo added, "We look forward to leveraging Carahsoft's market expertise, procurement services, sales channels, proactive marketing, and large customer base to support public sector digital transformation for years to come."
"Thentia's competitive advantage stems from the firsthand experiences of its creators, who have all worked as regulators themselves," statedHarjeet Khalsa, who manages the Thentia team at Carahsoft. "By drawing on their experiences, they have built a highly configurable platform that addresses the nuances of governmental workflows while streamlining compliance and increasing cybersecurity. That's exactly the combination our clients and reseller partners seek."
Read More
Government Business
Align Capital Partners | June 24, 2022
Align Capital Partners announced the recapitalization of Schneider Geospatial, LLC, a SaaS provider of public access land management software and recurring support services to state and local governments. As one of the largest providers of GovTech geospatial solutions in the U.S. with a presence in over 25 states, the Company’s software allows citizens to access disparate government information sources in a more efficient and cost-effective manner.
Schneider Engineering Corporation was founded in 1962 and began offering geographic information system (GIS) services in 1989. After the GIS business grew well organically and through several acquisitions, the Schneider family decided to spin out Schneider Geospatial into a separate, independent business in 2018 while maintaining 100% ownership of the Company. Through this transaction, ACP is providing significant growth capital to Schneider Geospatial, while preserving the Schneider family legacy through their continued ownership interest in the Company.
“Our grandfather, Vincent Schneider, had a love for technology that was ahead of his time. Our father, John Schneider, embraced this passion and began our GIS business with a keen insight that understood the importance of geographic data. We are very proud of Schneider Geospatial, its award-winning innovations and the amazing group of employees who have made this all happen. We are excited to be associated with Align Capital Partners and we look forward to the future as we continue to grow and expand,” said J. Barry Schneider and Victoria Schneider Temple.
Headquartered in Indianapolis, Indiana, the Company’s 50+ person team helps power Schneider Geospatial’s cloud-based software platform that enables clients to manage over 500 million information requests from over 23 million users, including citizens, commercial real estate developers, appraisers, law firms, contractors and inspectors. The Company’s core solution combines web-based GIS data reporting tools including CAMA and tax, ownership history, liens, boundaries, environmental issues and topography, into a single, user-friendly web application.
We are excited to continue our partnership with our amazing clients. ACP’s investment allows us to accelerate several of our growth initiatives which will result in even better solutions and services to our clients. Our talented team is excited to continue this next phase of the Company’s growth.”
Jeff Corns, CEO of Schneider Geospatial
Schneider Geospatial is ACP’s second GovTech platform investment to date, following its 2020 investment in Electronic Transaction Consultants Corporation. “The Company has a very strong value-proposition of helping clients provide public access to digitized records as a replacement to a historically inefficient and labor-intensive experience,” said ACP Managing Partner Chris Jones. “Our enthusiasm for Schneider Geospatial plays on the attractive tailwinds of our firm’s GovTech thesis. The Company is well positioned to help governments replace antiquated technology, increase access to important digitized information and enhance information sharing capabilities to improve citizen engagement.”
This represents ACP’s 72nd closed investment since the firm was founded in 2016 and is ACP’s 11th new investment year-to-date, including two platforms and nine add-on investments. Principal Matt Iodice and Associate Aaron Lewis worked alongside Mr. Jones on the transaction. Schneider Geospatial was advised on the transaction by Faegre Drinker Biddle & Reath LLP, while ACP was supported by Calfee, Halter & Griswold LLP.
About Schneider Geospatial
Schneider Geospatial is a provider of State & Local Government SaaS public access solutions and support services. The Company’s products include award-winning SaaS solutions such as Beacon™ and qPublic.net™ focused on local government information for the web; GeoPermits™ which is a SaaS permitting and workflow management platform; and Agland™ used to automate the calculating process for agricultural assessments. In addition to a diverse product portfolio, the Company offers a full range of GIS, technology and GovTech services.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors.
Read More
Government Business
Exabeam | June 23, 2022
Exabeam, the leader in Next-gen SIEM and XDR, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider announced that the advanced cybersecurity solutions by Exabeam have been added to Carahsoft’s National Association of State Procurement Officials (NASPO) ValuePoint Cloud Solutions Contract. As the Master Government Aggregator® for Exabeam, Carahsoft provides the Exabeam cloud-delivered Security Information and Event Management (SIEM) and advanced cyber analytics solutions to participating States, Local Governments, and Educational (SLED) institutions.
We are excited to be added to Carahsoft’s NASPO contract to help SLED cyber leaders readily access the technology needed to modernize their SIEM and fiercely defend their agencies and institutions against known and unknown threats. Exabeam analytics and automation solutions help security analysts gain efficiencies with Threat Detection, Investigation and Response (TDIR) workflows, enabling them to identify and resolve threats faster. Working with Carahsoft and their reseller partners, we aim to arm as many security teams as possible against the tactics of persistent adversaries who often bypass traditional prevention solutions or are already inside.”
Chris Cesio, Chief Revenue Officer at Exabeam
The NASPO contract makes the procurement process frictionless for SLED organizations. It will help them get faster access to Exabeam Fusion SIEM and Exabeam Fusion XDR products through the NASPO Cloud Solutions Portfolio.
“SLED organizations are constantly under siege from sophisticated cyber adversaries. These vital public agencies and institutions rely on next-generation cyber products to help modernize their security operation centers,” said Steve Jacyna, Director of Emerging Cyber Security Solutions at Carahsoft. “The Exabeam Fusion product line is an excellent addition to our Cloud Solutions portfolio. We look forward to providing streamlined access through our reseller partners to the Exabeam cloud-delivered SIEM and cyber analytics solutions to help agencies thwart attacks.”
In the last year, the Biden administration has issued several executive orders related to the dangers nation-states and other threat actor groups pose to public sector organizations. The documents emphasize the importance of deploying modern security solutions to continuously look for and respond to threats.
About the Exabeam Fusion Product Line
The Exabeam Fusion product line integrates market-leading behavioral analytics and automation capabilities to help streamline the TDIR process without disrupting an organization’s existing technology stack. Public sector organizations participating in the NASPO Cloud Solutions Portfolio can easily identify and respond to critical security issues, incidents, and attacks from a single, centralized control plane. This substantially increases analyst productivity and reduces response times.
The Exabeam Fusion offerings differentiate normal from anomalous behavior, apply risk scoring using Exabeam Dynamic Alert Prioritization to allow analysts to quickly assess and prioritize risks, and build Smart Timelines™ to automatically reconstruct security incidents to gain a full picture of any incident.
About NASPO ValuePoint
NASPO ValuePoint is a cooperative purchasing program facilitating public procurement solicitations and agreements using a lead-state model. The program provides the highest standard of excellence in public cooperative contracting. By leveraging the leadership and expertise of all states and the purchasing power of their public entities, NASPO ValuePoint delivers the highest valued, reliable and competitively sourced contracts, offering public entities outstanding prices.
About Exabeam
Exabeam is a global cybersecurity leader that adds intelligence to every IT and security stack. The leader in Next-gen SIEM and XDR, Exabeam is reinventing the way security teams use analytics and automation to solve Threat Detection, Investigation, and Response (TDIR), from common security threats to the most critical that are difficult to identify. Exabeam offers a comprehensive cloud-delivered solution that leverages machine learning and automation using a prescriptive, outcomes-based approach to TDIR. We design and build products to help security teams detect external threats, compromised users and malicious adversaries, minimize false positives and best protect their organizations.
Exabeam, the Exabeam logo, Exabeam Fusion, Smart Timelines, Security Operations Platform, and XDR Alliance are service marks, trademarks or registered marks of Exabeam, Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Exabeam, Inc. All rights reserved.
About Carahsoft
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement, and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles.
Read More