York Space Systems | November 15, 2022
AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations.
Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed.
Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more.
"York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development."
-Kirk Konert, Partner at AEI.
York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation.
AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead.
About York Space Systems:
Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers.
About AE Industrial Partners:
AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.
Sayari | December 05, 2022
Sayari, a commercial risk intelligence company, has recently been selected by the United Kingdom Crown Commercial Service (CCS) as a supplier for the G-Cloud 13 Framework, an agreement between the government and suppliers who provide cloud-based services.
The partnership enables departments like the National Crime Agency (NCA), Ministry of Defence (MOD), HM Revenue & Customs, Serious Fraud Office, HM Treasury and other agencies to accelerate deployment of Sayari’s commercial risk intelligence platform. Teams of government analysts and investigators will have instant access to the hard-to-find connections analysts and investigators need to eliminate information gaps.
“Ensuring that law enforcement, regulators and regulated industry are able to effectively collaborate is our goal at Sayari. This recognition from CCS lays the groundwork for scaled adoption and mission impact, We are proud of the relationships we’ve built with UK government agencies and enterprise companies over the past seven years, and we’re committed to building out our local presence to drive the best outcomes for our partners.”
-Farley Mesko, co-founder and CEO Sayari.
In May, the company formally launched its European operations, based in London. Sayari’s partnership with the UK government is an important component in supporting the increasingly complex economic crime, trade compliance and third-party risk landscape emerging in the UK and European Union.
Sayari empowers government and industry to protect finance, trade and security systems by illuminating the global commercial networks through connected public data and documents. Providing commercial intelligence data from over 250 jurisdictions worldwide, Sayari delivers the entity network visualizations and intuitive risk identifications that decision makers need to stay proactively informed and power safer global commerce. Since its founding in 2015, Sayari has earned the trust of top financial institutions, Fortune 100 corporations and government agencies, securing a $40M Series C in 2021. Sayari is headquartered in Washington, D.C., and its solutions are used by more than 3,000 frontline analysts in 35 countries.
Symplicity | November 21, 2022
Symplicity® Corporation the global leader of student employability, wellbeing and success, is proud to announce it has joined the UK Crown Commercial Services as a certified supplier on the Government's G-Cloud 13 procurement framework. This acceptance brings a powerful, and affordable, student support services platform to higher education institutions across the United Kingdom.
The approval means that any higher education institution can now engage with Symplicity without the need for prolonged and extended procurement, bringing a wide range of functionality and services within easy reach. This includes support for employability, skills and graduate outcomes, wellbeing and disability support, a unified student experience and employer engagement, to name a few.
Part of the Government's Digital Marketplace, the G-Cloud framework is designed to ensure the public sector has access to proven and cost-effective cloud software and services via an online platform.
"Achieving G-Cloud 13 certification enables Symplicity to continue offering higher education institutions the tools to improve student engagement and outcomes, With this sought-after certification, Symplicity can support more institutions, staff and students with a holistic and whole university support structure."
-Thomas Jepsen, President of International at Symplicity.
About Crown Commercial Service (CCS):
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2021/22, CCS helped the public sector to achieve commercial benefits equal to £2.8 billion - supporting world-class public services that offer best value for taxpayers.
Symplicity® Corporation is a global leader in student employability and engagement software solutions to more than 2,500 colleges and universities across 37 countries. Symplicity's SaaS platform supports the full student Iife, including early talent recruiting, accessibility, wellbeing and behavioural intervention. These solutions empower higher education clients to enhance a student's ability to stay in school, graduate and secure a first job.