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.
EMERGING TECHNOLOGY, CYBERSECURITY
Resecurity | September 12, 2022
Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its deepened partnership with Cloud Seguro to expand Resecurity's AI-driven cybersecurity solutions and services to Colombia. Based in Bogotá, Cloud Seguro is a leading Colombian Information Security, Ethical Hacking and Cloud Security company.
As Colombia's digital economy expands, cyber threats are increasingly prominent; the first half of 2020 saw a 59% increase in reports of computer crimes compared to the same period of the previous year. In 2019, Colombia was among the countries in Latin America most targeted by cyber criminals. Cybersecurity has become a frequent topic of policy concern for Colombia. The government proposed a Consolidated Guiding Vision in document CONPES 3701, which seeks to generate national cybersecurity policy guidelines. The aim is to develop a national strategy that counteracts the increase in computer threats to Colombia's digitization process.  To accelerate the implementation of AI-powered cybersecurity and threat intelligence in Colombia, Resecurity has further partnered with Cloud Seguro to provide Colombian customers best-in-breed risk management.
"The relationship between Colombia and the United States has continuously strengthened over the last 300 years to a full partnership that links the governments of both nations around several key issues, including, most recently, terrorism and cybercrime; our deepened partnership with our existing reseller in Colombia, Cloud Seguro, is a natural expansion as Colombia invests in cybersecurity to secure private and public organizations, leveraging AI Resecurity is excited to build a deep relationship with Cloud Seguro to drive cybersecurity market development in Colombia, including participating together in co-organized events and cybersecurity contests."
-Gene Yoo, CEO of Resecurity.
The synergy between Cloud Seguro and Resecurity will accelerate proactive managed threat detection, vulnerability assessment and penetration testing (VAPT) services for Colombian market. The offering will enable local business leaders to mitigate possible cybesecurity risks and minimize damage from the consequences of data breaches and ransomware activity targeting companies in critical sectors of economy in Latin America.
Resecurity's innovative cybersecurity solutions allow organizations to automate the identification, assessment, and triage of incoming cyber threats while staying ahead of cybercriminals using advanced tactics to attack organizations at scale. The AI-driven platform allows administrators to reduce potential blind spots and security gaps by quickly seeing in-depth analysis and specific artifacts obtained through the dark web, botnets activity, network intelligence, and high-quality threat intelligence.
"Risk must be identified in each of the processes of companies, not only in technology management; each process has a risk and needs special management in information security. Our alliance with Resecurity allows us to use their bleeding-edge tools and highly innovative team to augment our own team on the ground in Colombia to provide our Colombian customers with unparalleled services, across on-premise, private cloud and public cloud."
-German Realpe, CEO and co-founder of Cloud Seguro.
Resecurity is a cybersecurity company providing managed threat detection and response. The company delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico).
About Cloud Seguro:
Founded in 2011, Cloud Seguro's information security consulting is based on managing risk, which is different for each company. Identifying the risks is the best way to understand how to create an information security management system. When the risk of a company's processes and assets is understood, security controls can be implemented, including encryption, technological tools, digital signatures, electronic signatures, VPNs, software, and others. Cloud Seguro has created a simple methodology that is based on processes, procedures and technical controls. With this methodology, it is easy to certify a process over time under the framework of the ISO 27001 standard. Cloud Seguro's clients are from myriad verticals, including health, services, and Fintech.
WalkMe | November 09, 2022
WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today announced its approval to join the G-Cloud Digital Marketplace by the Crown Commercial Service of the UK government. WalkMe is now a part of the G-Cloud 13 initiative, a centralized hub for the streamlined procurement of cloud-related IT services and technologies by public sector organizations such as central and local governments, non-profit organizations, education, defense, and emergency and health services. The G-Cloud Marketplace reduces the complex requirements to purchase IT by centralizing the vendor qualification process.
There is an urgent need to deliver more and better services quicker with tighter budgets in the National Healthcare Service (NHS) and across the British government. WalkMe's digital adoption platform (DAP) provides customised on screen guidance and automation to realise the promise of digital technology while improving the employee and end user experience as well as overall programme efficiency.
WalkMe's DAP not only increases the adoption of digital technologies, but also levels the playing field for citizens with varying degrees of digital dexterity making for more equitable access to government services. The platform can identify usage inefficiencies so that solutions can be deployed to improve adoption and overall user experience while providing unprecedented data insights to continuously improve.
Improving the adoption of digital technologies in the public sector will make services more accessible, reduce pressure on contact centers as end users opt for on screen help and automation, and lower staff attrition as employees can use their digital tools more easily and efficiently.
"We are honored to join the G-Cloud Digital Marketplace and do our part to strengthen government-citizen relationships through enhanced user experience and accessibility, We look forward to playing a role in the improvement of the digital citizen experience across the UK and to discover the innovative ways public sector organizations will use WalkMe technology to drive efficiency, save money, and elevate the experience for end users across the board."
-Simon Blunn, Senior Vice President & General Manager EMEA, 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 code-free platform leverages our 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.