PC Matic | July 27, 2022
American-based cybersecurity firm, PC Matic, announced it has received authorization from the Federal Risk and Authorization Management Program (FedRAMP) for its federal application execution control solution, PC Matic Federal. PC Matic's Authorization to Operate (ATO) is at the moderate impact level through partnership from the U.S. Small Business Administration (SBA).
With the full authorization milestone now achieved, PC Matic Federal joins a small and elite group of cloud technology companies authorized to sell into the federal marketplace. This designation allows the United States federal government to begin purchasing and deploying the company's patented application execution control technology to endpoints across its respective departments and agencies. Application execution control is also commonly referred to as Application Whitelisting or Application Allowlisting.
"Zero trust begins with prevention, As the federal government begins to align its IT infrastructure with Zero Trust Architectures (ZTA) as mandated by the President's Executive Order on Improving the Nation's Cybersecurity, the ability to procure and deploy application execution control solutions is mission critical. With our authorization fully approved, PC Matic Federal is now well-positioned to assist the federal government with taking a preventative approach to cybersecurity by enhancing its zero trust architectures."
-Rob Cheng, CEO and Founder of PC Matic.
It has been granted five patents and is a Technology Partner with the National Institute of Standards and Technology (NIST) and its National Cybersecurity Center of Excellence (NCCoE) Zero-Trust Architecture project. The company was founded in 1999 and pioneered the use of default-deny permit by exception for computer applications.
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. The program enables federal agencies to rapidly adapt from old, insecure legacy IT to mission-enabling, secure, and cost-effective cloud-based technology.
Avantus Federal | August 08, 2022
QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc and a leading defense company providing mission-critical solutions in robotics and autonomous systems, sensing, protection systems, and next-generation autonomous vehicles announced today that it has entered into a definitive agreement to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022.
Avantus is a leading provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. From supporting sensitive national security customers on some of the most complex data engineering, cyber, and analytics problems in the world, to providing key mission operational, intelligence, and cyber support to special operators, and helping accelerate new technologies into the warfighter’s hands, Avantus has a strong track record of achieving speed-to-mission-impact.
“We have been thoroughly impressed by the quality of the Avantus employee base, leadership team, customer impact, and the sustained organic growth. We see great alignment in our culture and strategy, Avantus’ highly integrated business, core capabilities, and customer relationships complement QinetiQ’s distinctive offerings, allowing us to grow the services and solutions that benefit our combined global customers as their needs evolve at an accelerating pace.”
-Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc.
Both Avantus and QinetiQ are best-in-class providers of technology services and support, cyber and intelligence solutions, and information services. With high-trust, established customer relationships within the most important and enduring mission areas, this acquisition enhances the go-to-market strategy for both companies.
“We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation, This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company.”
-Shawn N. Purvis, President and Chief Executive Officer of QinetiQ US.
Our market is evolving rapidly and demanding more of our customers every day, and joining forces with QinetiQ US will deliver solutions at scale to meet the moment, said Andy Maner, Chairman and Chief Executive Officer of Avantus. With a shared culture of absolute customer focus and employee investment and a structure built for agility and speed, this opportunity to combine with QinetiQ US strengthens our defense presence and combined position across our intelligence and homeland, law enforcement, and civilian portfolio, and we are poised to continue our joint mission as an innovator unique to our market.
The combination with Avantus will materially enhance QinetiQ US’s position in the largest defence and intelligence market in the world by creating a large full solutions US Defense contractor business well-positioned within high growth and durable market areas. Avantus brings a strong order backlog, and the acquisition creates a compelling platform for new scaling organic and inorganic growth for QinetiQ in the US.
Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise. Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus. Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ.
About QinetiQ US:
QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defense and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems.
QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), a global integrated defense and security company focused on innovation for defense, security and civil customers around the world. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defense Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required.
About Avantus Federal:
Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly-cleared professionals lead with technical and domain expertise for its Defense, Intelligence, Homeland Security, and Federal Civilian customers.
Helping to solve some of the toughest national security problems and government missions, Avantus’ offerings enable services at scale, including cyber technologies and operations, data and software solutions, digital engineering and integration, intelligence analysis and operations, space domain capabilities, transformation and advisory services, and more.
About NewSpring Holdings:
NewSpring Holdings, NewSpring's dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.
Ventech Solutions | May 25, 2022
Ventech Solutions, Inc. has been recognized in the 2022 FedHealthIT Innovation Awards for its support of the 1135 Waiver/Flexibility Request and Public Health Emergency Inquiry Helpdesk Tool for the Centers for Medicare and Medicaid Services (CMS) Center for Clinical Standards and Quality (CCSQ).
Nominated and selected by a panel of current and former federal and industry leaders from across the federal IT sector, these programs are chosen for driving technology innovation and results within the federal health IT space.
To be recognized for delivering an innovative technology solution that better serves our medical community and government in times of an emergency is quite an honor. We're thrilled to be able to partner with our client and deliver a successful outcome and tool that solves a vital need to the public, and we congratulate CMS-CCSQ on the award."
Tonia Bleecher, Chief Executive Officer for Ventech Solutions
Using the ServiceNow platform and as a ServiceNow Premier level partner in sales, services and the public sector, Ventech Solutions developed a new publicly accessible web-based portal for submissions of 1135 waivers of the Social Security Act that are used in a disaster or emergency by hospitals, medical providers and state agencies.
Ventech Solutions also supports CMS by operating and maintaining CCSQ's QualityNet website, which provides healthcare quality improvement news, resources and data reporting tools and applications used by healthcare providers, through the Health Care Quality Information Systems (HCQIS) Infrastructure and Data Center Support (HIDS) contract. CCSQ's mission is to improve healthcare outcomes, beneficiary experience of care and population health, while reducing healthcare costs. Ventech Solutions leads design and development teams for ServiceNow, cloud computing, infrastructure automation and DevSecOps delivery. The QualityNet infrastructure and network support major application environments to collect clinical data and measure quality of care for CMS beneficiaries.
Ventech Solutions will join the awardees at the 8th Annual FedHealthIT Innovation Awards on June 7, 2022, in Washington, D.C.
About Ventech Solutions
Ventech Solutions is a technology and healthcare solutions provider that leverages emerging technologies to deliver a wide range of enterprise services including cloud modernization, infrastructure, data, security and service integration support. Ventech Solutions leads and manages some of the most critical technology transformation initiatives for the public sector that empower government agencies to achieve their missions.