GOVERNMENT BUSINESS

Sev1Tech Acquires Geocent, Bolstering Mission-Focused Services

Sev1Tech | October 26, 2021

Sev1Tech, LLC, a leading provider of IT modernization, cybersecurity, and cloud services to both federal and commercial customers, announced today that it completed the acquisition of Geocent, LLC. Geocent serves the U.S. federal government through its strong reputation as an innovator in DevSecOps and engineering services, supporting critical missions across agencies.

Both Sev1Tech and Geocent are familiar and valued partners to the government agencies and commercial organizations that have, through these shared core values and collaborations, transformed and streamlined to better serve citizens, more effectively compete in the marketplace and improve national security.

“With a mutual, customer-first, employee-centric culture and commitment to meaningful outcomes, this acquisition is a milestone in our growth journey. We’ve strategically aligned our customer bases and we’re incorporating in-demand offerings into our integrated services. Geocent’s leadership in DevSecOps and the scientific space domain dovetails with Sev1Tech’s growing influence in space modernization. Furthermore, this fortifies our common Department of Homeland Security presence. Our combined capabilities will amplify our missions, from the tactical edge to the enterprise to the end user.”

Bob Lohfeld, Sev1Tech CEO

The acquisition strengthens scalability and solutions for meeting today’s emerging demands and the increasing sophistication of government IT needs. The partnership links deep experience serving federal clients and driving digital transformation—a valuable addition for existing and future contract opportunities.

“Together we’ll enhance the design, development and delivery of innovative solutions to support the mission of our federal customers by combining robust technologies, engineering and data integration services,” said Dr. Bobby Savoie, Geocent CEO. “Market-leading applications and development capabilities, cybersecurity, artificial intelligence and machine learning—these all sharpen our competitiveness, unleash new offerings and augment service delivery across our partner ecosystem.”

Sev1Tech backer DFW Capital agrees. “The combination of these management teams and the service synergies created will allow Sev1Tech to deliver even more complex solutions to an incredibly mission-driven customer base. We are proud of this team and our partnership that continues to accelerate Sev1Tech on its growth journey,” noted Doug Gilbert, a partner at DFW Capital. In addition, Enlightenment Capital is an investor in Sev1Tech, alongside DFW Capital.

About Sev1Tech
Sev1Tech provides IT modernization, cloud, cybersecurity, engineering, training and program support services to U.S. government agencies and major commercial organizations. Headquartered in the Washington D.C. metro area, Sev1Tech is a trusted contractor supporting critical missions across the defense, intelligence, homeland security, space, and health markets. Sev1Tech delivers excellence through highly qualified people, CMMI SVC 3, ISO 9001, ISO 20000, ISO 27001 and ISO 27017 certified processes, and cutting-edge technology.

Spotlight

Spotlight

Related News

EMERGING TECHNOLOGY

Renovus Capital Partners Announces Formation of Aretum, New Government Services Platform, Following Acquisition of Miracle Systems

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.

Read More

EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Maximus wins major UK government contract

Businesswire | May 29, 2023

Maximus, a leading provider of health, employment, and digital customer services globally, has been selected as the largest provider of the new Functional Assessment Services (FAS) contract, due to launch in 2024. The award maintains Maximus’ position as a leading provider of health assessments to the UK government. Since 2015 Maximus has been the only national provider of the Health Assessment Advisory Service on behalf of the Department for Work and Pensions. Maximus transformed the assessment service, with waiting times significantly reduced and record customer satisfaction. From 2024, assessments will be delivered on a regional basis. Maximus will deliver across Scotland and Northern England, and as a delivery partner to Capita across the Midlands and Wales. The combined estimated value of the contracts, including subcontracting, is £800m/$1bn over five years, with the option to extend for a further two years. Dr Paul Williams, Division President of Maximus UK, said: “We are delighted to continue our partnership with DWP to deliver the next generation of health and disability assessments. We remain committed to working with stakeholders, including disabled people and their representative groups, to improve customer experience in the assessment process, delivering a sensitive, respectful and expert service to the millions of people who rely on these services to access financial support”. Bruce Caswell, President and Chief Executive Officer of Maximus, said: “This award continues our expansion in the UK market. With our strong track record of transforming services on behalf of government, and our strategic focus on the future of health services globally, we are proud to be working with DWP on the delivery of this important new service”. About Maximus in the UK Maximus delivers services that help more than 2 million people each year in the UK move forward with their lives. Operating from more than 285 locations, Maximus is one of the largest providers of employment, health, and digital customer services in the country. Maximus employs over 5,000 specialists, including more than 1,000 employment advisors and 1,400 doctors, nurses, occupational therapists and other Healthcare Professionals. We are proud to be a Disability Confident Leader and Living Wage Employer.

Read More

EMERGING TECHNOLOGY, CYBERSECURITY

Red River Secures Army ITES-3S Contract

Businesswire | March 23, 2023

Red River, a technology transformation company serving government and enterprise customers, today announced that it is now an authorized provider on the U.S. Army’s Information Technology Enterprise Solutions 3 Services (ITES-3S) contract. Awarded by the Computer Hardware, Enterprise Software and Solutions (CHESS) and the Army Contracting Command - Rock Island (ACC-RI), ITES-3S is a nine-year, $12.1 billion, indefinite delivery indefinite quantity (IDIQ) contract. The ITES-3S IDIQ will provide a broad range of enterprise information technology services and support to the U.S. Army and other authorized Federal Government agencies. Types of information technology services available through the ITES-3S IDIQ include Program Management; Cybersecurity/Information Assurance; Enterprise Design, Integration and Consolidation; Network/Systems Operation and Maintenance; Telecommunications; Supply Chain Management; Operation and Maintenance; Business Process Engineering; and Information Technology Education and Training. This award demonstrates Red River’s longstanding commitment to providing superior professional services to the U.S. Army and the opportunity to continue to serve and support the men and women in uniform at home and abroad. Red River has more than 25 years as a trusted technology and services provider to the U.S. government and Department of Defense (DoD). “We are excited to continue our longstanding history of supporting the technology services needs of the Army and other government agencies supported through this contract vehicle,” said Brian Roach, CEO for Red River. “We look forward to collaborating with DoD technology leaders to support their mission requirements in areas such as cybersecurity, managed services, cloud, infrastructure and collaboration. This is a significant addition to our contracts portfolio and strengthens our position as a leading technology and services provider to the DoD and the U.S. government as a whole.” About Red River Red River brings together the ideal combination of talent, partners and products to disrupt the status quo in technology and drive success for business and government in ways previously unattainable. Red River serves organizations well beyond traditional technology integration, bringing more than 25 years of experience and mission-critical expertise in managed services, cybersecurity, infrastructure, collaboration and cloud solutions.

Read More