Godspeed Capital | January 15, 2022
Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today announced the successful acquisition of Exceptional Software Strategies, Inc. (“ESS” or the “Company”), a leading provider of information technology solutions to mission-oriented Federal agencies, including members of the Intelligence Community and Department of Defense agencies. The financial terms of the transaction were not disclosed.
ESS boasts a 25-year history of successfully integrating mission-critical information technology solutions across the Intelligence Community. The Company provides core capabilities in cyber, software and systems engineering, and geographic information systems, and works with a broad array of Intelligence Community and Federal agencies with critical National Security missions, including a strong presence in Fort Meade, Maryland. Nearly each of the Company’s seasoned engineers across its dynamic team holds the highest-level of security clearance. By developing, testing, and deploying solutions to mitigate and combat threats across emerging areas of critical importance such as blockchain, cloud computing and storage, data analytics, and artificial intelligence, ESS is critically focused on leading the next frontier of cyber-protection and innovation.
The newly acquired ESS will join Godspeed Capital’s recently formed high-end cyber and technology solutions platform holding company, designed to provide U.S. Defense and Intelligence Community agencies with a full suite of solutions to combat an increasing and ever-evolving level of cybersecurity and intelligence threats.
Paul Stasko, Founder & President of ESS, said, “Godspeed Capital brings an exceptional amount of government-related expertise, know-how, and vision to the table, as well as a deep understanding of our core Intelligence Community customer set. We are excited to be joining Godspeed as part of a broader, better resourced and scalable platform strategy and look forward to collaborating with like-minded providers as we continue to enhance our collective solutions to meet the increasingly complex and evolving needs of the U.S. Intelligence Community.”
“We are thrilled to partner with ESS, the go-to provider of mission critical solutions and services to the Intelligence Community and other Federal agencies. Through their unparalleled knowledge and experience with existing and legacy infrastructure, data flows, and processes, ESS is uniquely positioned to shape the future of mission critical technology and data protection requirements. The increased scale and profitability of the combined platform coupled with additional capital and resources from Godspeed will allow us to invest more in technology innovation, talent acquisition, and corporate infrastructure as we move forward. We look forward to accelerating the Company’s growth initiatives.”
Douglas T. Lake, Jr., Founder & Managing Partner of Godspeed Capital
About Exceptional Software Strategies, Inc.
Founded in 1996 and headquartered in Linthicum Heights, Maryland, ESS is a professional services company providing information technology solutions to mission-oriented Intelligence Community and Department of Defense agencies. ESS offers core capabilities in cyber, software and systems engineering, and geographic information systems with a strong presence in Fort Meade, Maryland, but also with select Department of Defense agencies, and extensive past performance with a broad array of other Intelligence Community and Federal agencies with National Security missions.
About Godspeed Capital
Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations.
Iron Mountain | September 01, 2020
Iron Mountain Incorporated the storage and information management services company, today announced that a large U.S. Federal government civilian agency that is at the forefront of the nation's technological progress and achievement, is expanding its existing footprint to Iron Mountain data centers in Manassas, Virginia and Denver, Colorado. Iron Mountain is providing a colocation data center solution in support of the agency’s IT transformation initiatives.
Federal Aviation Administration | May 08, 2020
The eight vendors will set the technology standards for FAA’s Remote ID program to track drones and their operators.
The rule created a framework for tagging drones with unique radio wave identifiers that are broadcast directly from the drone or over a Wi-Fi internet connection, depending on the method.
The FAA is still working to finalize the proposed Remote ID rule, at which time the agency will also announce the application requirements for potential service suppliers.
The Federal Aviation Administration announced the vendors chosen to develop the underlying technology and standards for tracking drones and their pilots as part of a new regulatory regime and marketplace.
In December, the agency issued a proposed rule to establish a system for remotely identifying unmanned aerial vehicles—more colloquially known as drones—called Remote ID. The rule created a framework for tagging drones with unique radio wave identifiers that are broadcast directly from the drone or over a Wi-Fi internet connection, depending on the method. That unique ID could be picked up by air traffic control towers, law enforcement and the general public to ensure a level of safety and accountability.
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The rule also established a marketplace of vendors—Remote ID UAS Service Suppliers, or Remote ID USS—to manage the ecosystem by ensuring each drone was assigned a unique ID and that the relevant data is available to those with authority to access it. Before FAA can create that marketplace, the agency needs to know exactly how it should be set up and what standards need to be met by all companies involved.
On Wednesday, FAA announced eight companies that will help the agency set those standards: Airbus, AirMap, Amazon, Intel, One Sky, Skyward (a Verizon company), T-Mobile and Wing (a Google subsidiary). These eight vendors will work together to develop the technology requirements that other companies will use as they build systems to manage the Remote ID system.
The FAA will be able to advance the safe integration of drones into our nation’s airspace from these technology companies’ knowledge and expertise on remote identification,
Transportation Secretary Elaine Chao.
The FAA is still working to finalize the proposed Remote ID rule, at which time the agency will also announce the application requirements for potential service suppliers. Wednesday’s announcement says the agency will also begin accepting applications at that time.
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