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
GeoComm | March 03, 2023
On March 02, 2023, GeoComm, provider of Public Safety Location Intelligence®, announced that it has earned from Esri the State and Local Government Specialty designation. The State and Local Government specialty partners utilize their ArcGIS expertise and knowledge to develop and configure ready-to-use solutions and to provide implementation services to city, state, and local government clients.
This designation acknowledges GeoComm's commitment to providing state and local governments with industry-leading solutions based on Esri technology over the long term. The solutions include offering GIS services to assist with maintaining, building and publishing locally authoritative Public Safety Grade GIS data. The solution supports public safety applications like mapping, Computer Aided Dispatch (CAD) and Next Generation Core Services (NGCS) to help save more lives and protect property when 9-1-1 call takers make life decisions and provide call takers with access to the most accurate and up-to-date GIS data. In addition, the solution also includes enhancing emergency response situational awareness by utilizing indoor maps and converting z-axis location data into a dispatchable location.
In 2011, GeoComm joined the Esri Partner Network (EPN) as a Platinum Partner, the highest level of the EPN programs, are acknowledged for developing and providing industry-leading GIS solutions and services using ArcGIS software. Additionally, GeoComm maintains a close partnership with Esri to develop public safety solutions utilizing Esri technology. State and Local Government is the most recent Esri designation earned by GeoComm, following the announcement of Indoor GIS and ArcGIS System Ready certifications.
About GeoComm
GeoComm is a turnkey emergency 9-1-1 development services provider to county government. The company was founded in 1995 and has grown to serve regional, local, statewide and military agencies in forty-nine states, powering to keep over 100 million people safe. It is widely recognized as the go-to source for public safety GIS systems, which direct 9-1-1 calls to the appropriate dispatch center, plot the location of the caller on maps used by call takers and dispatchers, and direct police, fire, and EMS vehicles to the scene of an incident via in-vehicle screens.
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EMERGING TECHNOLOGY
Prnewswire | April 06, 2023
Palantir Technologies Inc. today announced that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This new milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in both Microsoft Azure Government and Azure Commercial environments.
This milestone expands Palantir and Microsoft's strategic partnership from the private sector to the public sector bringing the best in class cloud components to the federal marketplace. We're aiming to support IL6 through multi-cloud service integration.
"With the successful completion of FedRAMP and IL4 and IL5 accreditation on Microsoft Azure Commercial and Azure Government, Palantir and Microsoft are prepared to bring best in breed solutions to the federal government," said Akash Jain, President, Palantir USG. "Leveraging lessons from our partnership in the commercial sector, we are looking forward to delivering innovation on behalf of the most important US Government missions on an accelerated timeframe. Today's announcement represents an inflection point in our partnership that will benefit our public sector stakeholders. We look forward to launching these joint solutions with our federal partners."
In addition to supporting public sector and DoD customers, the Palantir Federal Cloud Service (PFCS) was also designed for the greater Defense Industrial Base. PFCS on Azure Government meets Defense Federal Acquisition Regulation Supplement (DFARS) requirements and can support both Controlled Unclassified Information (CUI) and International Traffic in Arms Regulations (ITAR) workloads.
"With Palantir Federal Cloud Service's FedRAMP authorization on Microsoft Azure, defense organizations have even more solutions available to them to meet their critical mission needs," said Wes Anderson, Vice President, Defense, Microsoft Federal. "Our focus continues to be on building up our partner ecosystem to accelerate innovation and provide trusted, flexible, and advanced cloud solutions for the national security mission."
PFCS FedRAMP authorization on Microsoft Azure can enable expedited agency authorizations to operate (ATOs), this solution is adequate for use in an agency authorization to operate cloud computing products and services.
This authorization milestone is representative of Palantir's ongoing commitment to servicing federal customers on Azure.
Those interested in learning more about Palantir and Microsoft's relationship can visit the Palantir website or get started today via the Azure Marketplace.
About Palantir Technologies Inc.
At Palantir, we're helping the world's most important institutions use their data to solve their most urgent problems. Our software lets our customers integrate and analyze all of their data so they can answer questions that they couldn't before. From delivering disaster relief to building safer automobiles, we're honored to help make our partners better at their most important work.
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