EMERGING TECHNOLOGY
Prnewswire | April 19, 2023
Renovus Capital Partners ("Renovus") today announced that its newly formed platform, Aretum, LLC ("Aretum" or the "Company"), has acquired Miracle Systems, LLC ("Miracle"), an Arlington, VA-based prime contractor to more than twenty federal agencies domestically and internationally. Miracle joins existing Renovus portfolio company Panum Telecom, LLC ("Panum") within Aretum, a leading mid-tier organization focused on providing management consulting, mission support and technology solutions. Aretum primarily serves the DoD, DHS and Federal Civilian agencies through a broad array of contracts, contract vehicles and talented resources.
"We are excited to bring together a rich and diverse pool of highly talented professionals under one organization," said Dr. Vaikunth Gupta, Co-Founder of Panum. "Our goal is to continue building Aretum into a best-in-class service provider to DHS, civilian and Department of Defense agencies."
"The combination of Panum and Miracle under the Aretum umbrella is yet another step in our growing commitment to support the mission of government agencies with technology and management consulting services," said Atif Gilani and Manan Shah, Partners at Renovus Capital. "We are confident that Aretum will bring technology-focused innovative solutions to support our customers while unlocking value for our investors and stakeholders."
Sandesh Sharda, Founder and CEO of Miracle Systems, commented, "Renovus really stood out from the other investors we considered. They had already made a significant growth investment in Panum and have great familiarity and understanding of the space where we operate."
Aretum becomes the third Renovus platform in the government service space. Renovus will leverage its deep expertise across the broader knowledge and talent space to continue building each platform through a combination of organic expansion and add-on acquisitions.
King & Spalding served as legal counsel to Renovus and Panum. UBS Investment Bank served as exclusive financial advisor to Miracle Systems, and Greenberg Traurig served as legal counsel.
About Miracle Systems
Miracle Systems is an innovative solutions provider bringing an entrepreneurial spirit and thought leadership to the Federal Government. We are an array of program managers, engineers, financial analysts, IT experts, systems designers, security specialists, trainers, and mission support specialists who have joined forces to create timely, tested, and sustainable solutions. Our signature offerings encompass PMO support, engineering services, financial consulting, IT modernization initiatives, mission-critical cyber support, and comprehensive training services. Established in 2003 and headquartered in Arlington, VA, our success has been demonstrated by cultivating long-term employees – and long-term clients. We proudly service over 100 contracts, and prime over 90 – managing over $900 million across civilian and military sectors. Miracle Systems consistently delivers high levels of customer satisfaction through innovation, ethics, and excellence.
About Aretum, LLC
Aretum LLC is a newly formed holding company that owns Miracle Systems and Panum Telecom. Miracle Systems (www.MiracleSystems.net) provides leading edge solutions and outstanding service to Federal clients, focusing on PMO Support, Financial Consulting, Engineering Services, Training Services, IT Systems, Cyber Mission. Miracle System has 90 active Prime Contracts across the US Government. Panum Telecom, LLC (www.panum.com) offers a broad spectrum of mission services including nutritional health, and management consulting services such as program & project management, acquisition & contract management, business & strategy consulting and next generation analytics, information and communications technology services such as network infrastructure & security, research & analysis, and training to Federal Government agencies. Panum is based in Bethesda, MD.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. Renovus manages over $1 billion including its three sector-focused funds. The firm's portfolio includes over 25 businesses in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its experience to make operational improvements, recruit top talent, pursue add-on acquisitions, and oversee strategic growth initiatives.
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EMERGING TECHNOLOGY, INFRASTRUCTURE
Businesswire | May 11, 2023
Governments and businesses worldwide are increasingly prioritizing equity through their policies and practices. To implement these policies, organizations must understand that equity challenges are fundamentally a geographic issue. To support these efforts, Esri, the world leader in location intelligence, has joined a partnership to create the Chief Equity Officer Network.
Along with the Harvard School of Public Policy, the National League of Cities, the National Association of Counties (NACo), and Bloomberg Philanthropies, the network's mission is to find solutions that make equity strategic and actionable by using geographic information system (GIS) technology as a foundation.
"Equity is about creating thriving communities for all residents," said Sophia Garcia, Esri equity and civic nonprofit organizations industry specialist. "To do so, organizations need to implement solutions that meet the needs of the underserved and unserved, whether those conditions stem from racism, variations in physical or mental health, lack of access to services, the effects of climate change, or other circumstances. GIS provides the unique ability to map these complex problems, understand the data, and take more effective action to solve them. We are proud to be able to contribute to this partnership."
A key partner in creating the network, NACo is an organization that unites county officials to advocate for county government priorities in federal policy making. NACo also promotes exemplary county policies and practices, including those around equity.
"We are thrilled to collaborate with Esri and are thankful for them bringing their expertise on how GIS is applied to equity across our nation's communities," said Teryn Zmuda, NACo chief research officer and chief economist. "GIS provides the geographic lens for local leaders to translate data, which can be used to approach, discuss, and address equity issues within and across jurisdictions."
The Chief Equity Officer Network will bring together equity officers and leaders from across the states to cultivate and nurture ideas to address equity and how it applies to their community's needs.
About Esri
Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in hundreds of thousands of organizations globally, including Fortune 500 companies, government agencies, nonprofit institutions, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial technology and analytics, Esri engineers the most innovative solutions that leverage a geographic approach to solving some of the world's most complex problems by placing them in the crucial context of location. Visit us at esri.com.
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EMERGING TECHNOLOGY
Globenewswire | April 17, 2023
Draganfly Inc., an award-winning, industry-leading drone solutions, and systems developer, is pleased to announce it has been selected by CODAN Communications, a leading international designer and manufacturer of premium communications solutions, to supply its UAV platform for integration with their industry-leading technology and communications solutions.
CODAN Communications serves tactical, military, humanitarian, peacekeeping, public safety, security, and commercial markets in over 150 countries. CODAN designs and deliver solutions that help to solve customers’ communications, safety, security, and productivity problems in some of the most challenging environments around the world.
“Like Draganfly, CODAN delivers its capabilities worldwide for the military, defense, humanitarian, peacekeeping, commercial, security, and public safety markets,” said Paul Sangster, President of CODAN Communications. “This partnership will provide turnkey solutions to customers that leverage Draganfly’s class-leading drones and CODAN’s robust technologies for systems that are second to none in their ability to service the global market in any application across all industries.”
“We are excited for CODAN and Draganfly to provide innovative solutions to complex problems faced by organizations operating in challenging environments,” said Cameron Chell, President, and CEO of Draganfly. “Draganfly's being selected to integrate our UAV platform into CODAN’s premium Government and Defense platform is an incredible honor and an important milestone as CODAN is demonstrated global leader in radio and communication technology.”
About Draganfly
Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
About CODAN Communications
CODAN Communications is a global technology company that develops robust technology solutions to solve customers’ communications, safety, security and productivity problems in some of the harshest environments around the world.
We provide tactical communications solutions that enable our customers to be connected, ultimately to support critical missions worldwide. With almost 60 years in the business, we have garnered a reputation for quality, reliability and customer satisfaction, producing innovative and industry-leading technology solutions.
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