EMERGING TECHNOLOGY
Globenewswire | April 12, 2023
WalkMe Inc., a leading provider of digital adoption solutions, today announced it has achieved Ready status for the Federal Risk and Authorization Management Program (FedRAMP) at a Moderate impact level. With this achievement, WalkMe becomes the first digital adoption platform provider listed on the FedRAMP Marketplace as the company advances its existing position in accelerating federal agencies’ technology modernization and IT transformation.
With WalkMe, the Federal Government will be able to accelerate mission success in multiple areas including:
Digital Government/Digital Services - providing a framework for digital services and improving critical Customer Experience (CX) initiatives for employees and citizens
Technology & Legacy Modernization - enhancing and renovating legacy platforms and enterprise applications
Data & Information Management - improving data integrity and quality issues related to interoperability of the government tech stack
Improving the Government Workforce - increasing employee productivity by eliminating operational drag of poorly optimized software and application
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. It helps the U.S. government adapt from legacy IT to secure cloud-based solutions.
The U.S. federal market is one of the largest and most complex enterprises in the world, which will now benefit from WalkMe’s established success and innovation in a range of markets including healthcare, financial services, education, hospitality, retail, and more.
WalkMe is listed on the FedRAMP Marketplace with Authority to Operate status at the Moderate level estimated in Summer 2023.
“Achieving FedRAMP Ready status signifies an incredible moment in WalkMe’s growth story as we officially enter the U.S. Federal market,” said Billy Biggs, Vice President - Public Sector, WalkMe. “Digital transformation is a top priority for every C-level executive within the federal government. Now more than ever, federal executives are looking for technology solutions that deliver true return on investment and help accelerate mission success in a matter of weeks, not years. The feedback from the federal government ecosystem on the WalkMe value proposition over the last few months has been extremely positive, and we’re excited to be able to offer our solutions while meeting the highest security posture via FedRAMP.”
As part of WalkMe’s progress, the company also expects to move from StateRAMP “active” status to “pending” to further serve the security standards for state, local and higher education clients interested in getting the most out of their technology investments through digital adoption platforms. Being FedRAMP Ready means that WalkMe can offer a full range of its solutions to U.S. federal, state and local government customers, U.S. government contractors, and federally funded research and development centers (FFRDCs).
About WalkMe
WalkMe's cloud-based digital adoption platform enables organizations to measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments. Our platform leverages proprietary technology to provide visibility to an organization's Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization's needs.
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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, CYBERSECURITY
Businesswire | May 12, 2023
Tanium, the industry’s only provider of converged endpoint management (XEM), today announced that Tanium Cloud for U.S. Government (TC-USG) is now authorized for the State Risk and Authorized Management Program (StateRAMP).
StateRAMP was founded in 2020 from the need to provide a uniform approach to verifying that cloud services providers met the established standards and regulations required to do business with state and local governments. As a registered 501(c)(6) organization, StateRAMP is committed to making the digital landscape a safer and more secure place.
Tanium’s own StateRAMP certification marks the company’s continued investment in providing state and local government departments greater certainty around IT and security systems tasked with safeguarding constituent services, sensitive information, assets, and work sites. By consolidating point-solution capabilities into a single platform delivered via the cloud, TC-USG will enable agencies to mitigate risks from cyberattacks and ensuing data breaches while reducing complexity and cost across many environments.
“We have long been focused on strengthening cybersecurity and IT oversight for our state, local, and education organizations here at Tanium,” said Jennifer Axt, vice president of the U.S. SLED practice at Tanium. “StateRAMP authorization is the latest milestone confirming Tanium as the vendor of choice for visibility, control, and remediation across IT and security stacks for government teams so they can focus on what matters most: serving constituents and educating students.”
Recent regulations and requirements have placed an emphasis on government organizations to retire outdated hardware and software, creating a need to leverage cloud technology and embrace digital transformation. TC-USG delivers the complete functionality of the Tanium XEM platform as a fully managed, cloud-based service, enabling state and local entities to use the power of XEM with no additional infrastructure. The single Tanium agent deployed on the endpoints and managed via the cloud platform converges multiple point solutions spanning asset discovery and inventory, endpoint management, certificate management, unified policy configuration, digital employee experience, risk, compliance, and incident response. These solutions, with built-in automation, will enable agencies to improve their security posture, ensure compliance, reduce complexity, decrease costs, and improve efficiency and collaboration among IT, risk, and security teams.
“As a former deputy state CIO, I understand the constant threat of cyberattack that our state IT leaders face,” said Chris Cruz, Tanium’s public sector CIO. “With states leaning more heavily toward cloud-enabled service offerings, and even requiring it for new software procurements, solutions like the Tanium XEM platform are critical to mitigate risk in real time and achieve complete endpoint visibility across increasingly complex IT landscapes. With StateRAMP, we’re able to continue supporting local and statewide agencies with a level of security designed to combat today’s threats.”
Tanium was granted StateRAMP authorized status after successfully completing all security and system validations set by program administrators. The company currently supports more than 20 U.S. states in their goals of achieving a holistic, real-time view across their IT landscape including the state of Arizona, Tanium’s StateRAMP sponsor, whose Department of Homeland Security selected Tanium XEM for the state’s award-winning cyber readiness program. Tanium has also been an active leader in the whole-of-state (WoS) movement and continues to offer best practices, guidance, and consolidated tools for other states pursuing similar approaches to cybersecurity and IT management. By validating state and local agencies’ cyber posture with unparalleled visibility of all hardware and software assets, risk dashboards, role-based access controls, and a source of truth for asset data across multiple department levels, the Tanium XEM platform supports a WoS security strategy.
About Tanium
Tanium, the industry’s only provider of converged endpoint management (XEM), is the reference platform of choice to manage complex security and technology environments. Only Tanium protects every endpoint from cyber threats by integrating workflows across IT, Risk, Compliance, and Security into a single platform that delivers comprehensive visibility across devices, a unified set of controls, real-time remediation, and a common taxonomy for a single shared purpose: to protect critical information and infrastructure at scale. Tanium has been named to the Forbes Cloud 100 list for seven consecutive years and ranks for the second consecutive year on the Fortune 100 Best Companies to Work For. In fact, more than half of the Fortune 100 and the U.S. Armed Forces trust Tanium to protect people; defend data; secure systems; and see and control every endpoint, team, and workflow everywhere.
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