Emerging Technology
Businesswire | July 28, 2023
BRP Group, Inc. today announced the establishment of its newest national Center of Excellence (“COE”) — Government Contracting (“GovCon”) – to join the firm’s expanding portfolio of specialty practices.
The new practice launch is part of BRP Group’s intentional strategy of leveraging the deep expertise of its national network of risk management and insurance partnerships, and their experts and specialists, to make a greater difference for their clients’ business needs regardless of geographic location.
BRP Group’s GovCon COE team is comprised of knowledgeable insurance experts with broad experience advising clients who operate in the government contracting space. This COE is specifically structured to support federal contracting clients with property and casualty, employee benefits and retirement insurance solutions, GovCon M&A due diligence and in-house compliance specialists.
“Our new Government Contracting (GovCon) Center of Excellence (COE) is an expansion of BRP Group’s specialized solutions and capabilities that work to meet the unique needs of current and prospective clients. By combining the expertise from our two partner firms, Armfield, Harrison & Thomas (AHT) and The Capital Group, we are excited to bring this additional practice to the marketplace,” said Dan Galbraith, BRP Group’s Chief Operating Officer. “Not only do government contractors encounter typical risk management and insurance issues, they also navigate unique challenges associated with conducting business within a rapidly-evolving, highly-regulated environment. With more than 25 years of experience and a proven track record of designing specialized insurance coverage for these complex business and regulatory conditions, our dedicated colleagues, led by BRP Group’s Senior Director of Sales Kevin FitzPatrick, keep clients protected, in compliance and proactively prepared to mitigate risk and manage costs.”
The GovCon COE focuses on addressing the unique needs and challenges of clients in the hyper- competitive federal contracting space that are best solved by a unified team approach. The GovCon COE helps federal contractors navigate these mission critical areas:
Controlling fringe expenses to keep competitive Wrap Rates
GovCon Employee Benefits Benchmarking - designing programs that help improve employee attraction and retention.
Risk Management Strategy
Defense Base Act (DBA) Coverage
International Coverage
Cyber Liability Insurance
Service Contract Act (SCA) Compliance and Strategy
401K plan development and administration
In addition, the GovCon COE has integrated two key programs:
GovTech™: The Government Technology Insurance Company offers robust commercial insurance policies that flow down the Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) framework and provides easy access to GovCon insurance subject matter experts at premiums that accurately reflect the exposures.
GovConHealth: Provides go-to-market strategies to federal contractors to help them control employee benefits expenses. The initiative is powered by a unique and proprietary consortium-funded stop-loss arrangement that bands together high-performing federal contractors to safely and conservatively partially self-fund their employer-based healthcare.
ABOUT BRP GROUP
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our Clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance, and employee benefits, and support our Clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our growth. BRP Group represents over 1.3 million clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com.
Read More
Emerging Technology
Globenewswire | July 14, 2023
Astera Software, a leading provider of no-code data integration and management solutions, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider® announced a partnership today. Under the agreement, Carahsoft will serve as Astera’s Master Government Aggregator®, making the company’s wide range of data management solutions available to the Public Sector through Carahsoft’s reseller partners, NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2), National Cooperative Purchasing Alliance (NCPA) and OMNIA Partners contracts.
"We are thrilled to partner with Carahsoft and its reseller partners to streamline access for agencies to procure our no-code data management stack and expand our presence in the Public Sector,” said Todd Humphrey, Head of Sales at Astera. “We look forward to helping Public Sector agencies leverage our suite of unified, code-free, easy-to-learn data management solutions to bridge the data-to-insight gap.”
With Astera’s user-friendly, high-performing suite of products - Centerprise Data Integrator, ReportMiner, Data Warehouse Builder, API Management, and EDIConnect, Government agencies can unlock valuable insights from their data stores to optimize operational efficiency, increase productivity, improve resource allocation, and drive success. Astera’s robust range of scalable solutions is designed to help organizations build and automate dynamic data pipelines from source to destination. From data extraction, preparation, transformation and validation to integration and warehousing, Astera can automate the entire data journey for its users.
“With the addition of Astera to our solutions portfolio, our customers will be able to manage their data more efficiently, reduce the time and cost associated with data management, and improve overall efficiency,” said Andres Azcuna, Sales Director who leads the Astera Team at Carahsoft. “We look forward to working with Astera and our reseller partners to help agencies make data-driven decisions and rapidly solve critical business challenges.”
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 Big Data, Artificial Intelligence, Cybersecurity, MultiCloud, DevSecOps, Open Source, Customer Experience 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.
About Astera
Astera is a data management solutions provider based in Westlake Village, California that offers solutions to radically simplify the process of building and executing data pipelines, data warehouses and manage enterprise-wide data management needs.
Read More
Emerging Technology
PR Newswire | July 31, 2023
NewSpring Holdings leverages proven organic growth strategies and a disciplined M&A process to accelerate growth in sector-specific markets, including logistics, fin-tech, government services, IT services, and sports. The team has completed over 40 acquisitions and successfully built a government services platform, Avantus Federal,which recently sold for$590M.NewSpring("the Firm"), a family of private equity strategies, announced today that NewSpring Holdings, the Firm's majority investment strategy focused on sector-specific platform builds, has acquiredBridge Core, a leading provider of visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community. Bridge Core will use the proceeds of this transaction to execute a disciplined M&A and aggressive organic growth strategy to create a full-spectrum, technology-enabled intelligence company.
Alongside this transaction, Chad Kim has been named CEO of Bridge Core. Chad has spent over two decades supporting the intelligence community and interagency task force apparatus in diverse worldwide roles spanning from operations to analysis. This has provided Chad with a unique breadth of experience, mission intimacy, and relevant capability expertise. He also has an extensive track record in scaling organizations capable of building industry-disrupting technology for defense, intelligence, and commercial clients, most recently with former NewSpring portfolio company Avantus Federal. Bridge Core founders Tyler Laverick and Andy Rackovan will stay on with the company in key leadership roles.
"In the creation of a full-spectrum intelligence company, we're proud to begin our journey with Bridge Core, a company whose values and culture are closely aligned with my own and the team at NewSpring," said Kim. "Bridge Core treats its team members like family, fosters a strong work ethic, and consistently delivers mission impact in a nurturing environment that attracts and retains the best talent in the industry. Tyler and Andy have built an amazing company filled with savvy technologists and intelligence professionals, and we're thrilled to continue growing this business alongside them."
Bridge Core leverages a unique tech-to-mission concept, agility, and speed in delivering services that drive true value for its intelligence agency clients. Established expertise in visual intelligence, technology transfer, cybersecurity, and technical operations positions Bridge Core well to add on additional services and expand into a full-service agency serving a broad range of needs facing the intelligence community.
"An era of rapidly proliferating and converging data presents unique, evolving challenges for the intelligence community. More than ever, we see the crucial role of a holistic solutions partner capable of elevating the transformation of data into precise and impactful insights for the numerous mission sets of the U.S. government.," said NewSpring General Partner Lee Garber. "Our partnership with Bridge Core, a true market leader, aligns with our core vision to innovate within the national security space, where there is significant growth potential. Combined with Chad's leadership and extensive experience delivering mission outcomes with technology in the intelligence community, we're excited for the future of this business."
"In 2015, Andy and I set out to build a company focused on empowering and fostering a transparent culture, giving everyone a seat at the table to define our success," said Bridge Core Cofounder Tyler Laverick. "Eight years later, we realized it was time to join forces with a team that embodied what we built at Bridge Core and have found the perfect partner in NewSpring to help scale this business and further raise our impact on critical intelligence missions. We're excited about this new era for Bridge Core and look forward to taking this business to the next level."
About NewSpring
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 $3.0 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. 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. To learn more, visit www.newspringcapital.com.
About Bridge Core
Bridge Core is a federal services company built on a culture of trust and teamwork to advance the mission through innovation and passionate people. The Bridge Core team of experts enable Mission Partners by integrating innovative technologies and implementing processes that modernize the digital workplace. The Company's trusted, skilled, and diverse team members make a lasting impact by building tailored, client-focused solutions within secured spaces. The Bridge Core team facilitates the rapid adoption of technologies and commercial off-the-shelf (COTS) solutions through a unique understanding of mission requirements and the vendor's product(s).
Read More