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.
EMERGING TECHNOLOGY, CYBERSECURITY
Prnewswire | April 18, 2023
Ontinue, a leading managed detection and response (MDR) provider and winner of the 2022 Microsoft Security MSSP Partner of the Year award, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as Ontinue's Master Government Aggregator®, making the Ontinue ION managed extended detection and response (MXDR) service available to the Public Sector through Carahsoft's reseller partners, National Cooperative Purchasing Alliance (NCPA) and OMNIA Partners contracts.
The Public Sector in the U.S. has been a prime target for cyber criminals. More than 2,300 Local Governments, schools and Healthcare providers were victims of ransomware in 2021. Contributing to the success of these bad actors is the ongoing shortage of cybersecurity professionals, which has prevented many organizations from fully staffing their security operations.
"We are excited to partner with Carahsoft and its resellers and systems integrators to address the most complex security needs of Government agencies, Educational institutions and Healthcare providers," said Chris Raniere, Chief Revenue Officer for Ontinue. "This partnership with Carahsoft will make ION MXDR available to these organizations, which struggle to protect themselves with understaffed security teams. MXDR is an ideal solution for these organizations, combining 24/7 monitoring and rapid responsiveness to detect and contain threats early in the cyber kill chain."
"The addition of Ontinue's MXDR service to Carahsoft's portfolio provides Public Sector organizations with an award-winning solution to meet their critical security requirements," said Tiffany Goddard, Sales Director who leads the Ontinue Team at Carahsoft. "Working together with Ontinue and our reseller partners, we can help these organizations improve their cybersecurity posture to counter ransomware and other serious threats. In addition to helping customers maximize their existing Microsoft security investments, our joint efforts will also drive further Azure consumption."
Ontinue ION sets the new standard for MXDR services. It uniquely delivers Nonstop SecOps with 24/7, always-on protection while increasing overall security program maturity, efficacy and scalability. The ION service brings together the cloud-native ION platform and the ION Cyber Defense Center, a 24/7 globally distributed security operation staffed by experts including the company's teams of Cyber Advisors and Cyber Defenders. The ION platform integrates advanced automation and real-time collaboration capabilities from the recent acquisition of Tiberium, a highly automated managed security services provider based on Microsoft security solutions. These capabilities power several innovations that elevate ION over other MXDR services.
Ontinue's ION MXDR service is available through Carahsoft's NCPA Contract NCPA01-86 and OMNIA Partners Contract #R191902. For more information, contact the Ontinue team at Carahsoft at (888) 662-2724 or MicrosoftISV@carahsoft.com.
The dedicated Cybersecurity team at Carahsoft specializes in providing Federal, State and Local Government agencies and Education and Healthcare organizations with security solutions to safeguard their cyber ecosystem. To learn more about Carahsoft's Cybersecurity solutions, visit www.carahsoft.com/solve/cybersecurity.
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 Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, 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. Visit us at www.carahsoft.com.
Ontinue is on a mission to be the most trusted, 24/7, always-on security partner that empowers customers to embrace the future by operating more strategically and with less risk. Grounded in an intelligent, cloud-delivered SecOps platform, Ontinue offers superior protection that goes well beyond basic detection and response services.
EMERGING TECHNOLOGY, CYBERSECURITY
Businesswire | May 19, 2023
Juvare®, the leader in situational awareness and critical incident preparedness and response technology, has been granted a Federal Risk and Authorization Management Program (FedRAMP®) authorization by the United States Government to operate at the High impact level for the Juvare Federal Cloud (JFC).
Achieving FedRAMP High authorization is a recognition of the trusted and timely solutions Juvare provides for government, including JFC, which enables a compliant and secure environment for public sector organizations to deploy Juvare solutions, including WebEOC® and Juvare Exchange®. The FedRAMP High authorization builds upon Juvare’s aggressive security posture and follows Juvare’s ISO accreditations under the ISO 27001, ISO 27017, ISO 27018, and ISO 27701 programs, and its SSAE 18 SOC 2 Type 2 certification.
“This is an enormous achievement that recognizes Juvare’s ability to provide modern and highly secure solutions the federal government is looking for,” said Robert Watson, Chief Executive Officer at Juvare. “With cyber security, emergency preparedness, health crises, and more dominating the federal priority list, this authorization gives government better access to the tools we provide to protect the communities they serve. It’s a recognition that’s been earned through our relentless commitment to data security and innovations that respond to real-world threats and risks.”
FedRAMP is a U.S. government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. Established by the Office of Management and Budget (OMB), the program provides a cost-effective, risk-based approach for adopting and using cloud services by federal departments and agencies.
“Technology is a force multiplier for delivery of services to communities across the nation that our clients serve and protect,” says Bryan Kaplan, Chief Information and Technology Officer at Juvare. “This authorization demonstrates our commitment to the federal-civilian and military ecosystem and will enable faster processing of Authority to Operate (ATO) packages through reciprocity. It enables agencies to focus on protecting their communities and our nation, knowing that Juvare is managing security and availability.”
Juvare partnered with A-LIGN and SMX to achieve FedRAMP accreditation. The Veterans Health Administration (VHA) served as Juvare’s sponsor through the authorization process.
“FedRAMP authorization is a statement about an organization’s commitment to protecting federal data and metadata against one of the most rigorous standards for data security,” said Tony Bai, Government Practice Lead at A-LIGN. “As a trusted 3PAO firm, A-LIGN independently evaluates client data processes and procedures, governance on internal controls, and security posture. Juvare’s FedRAMP Authorization validates its commitment to data security and protection, as well as compliance with critical standards to mitigate cybersecurity threats.”
Juvare’s solutions including WebEOC, Crisis Track®, and EMResource® have been used to prepare for, respond to, and recover from major emergencies and adverse incidents since their inception. As public sector organizations modernize and demand persistent situational awareness, Juvare solutions have become embedded in daily workstreams by digitizing workflows, providing situational awareness, enabling multi-channel notifications, and connecting disparate data sources into a single pane of glass.
Juvare is a worldwide leader in emergency preparedness and critical incident management and response technology connecting over 80% of state public health agencies, 3,500+ hospitals, 50+ federal agencies, and 500+ emergency management operations across the U.S., as well as a rapidly expanding international presence. Juvare solutions empower government agencies, corporations, healthcare facilities, academic institutions, and volunteer organizations to leverage real-time data to manage incidents faster and more efficiently, protecting people, property, and brands.
A-LIGN is the only end-to-end cybersecurity compliance solutions provider with readiness to report compliance automation software paired with professional audit services, trusted by more than 4,300 global organizations to help mitigate cybersecurity risks. A-LIGN uniquely delivers a single-provider holistic approach for a variety of compliance security frameworks such as SOC, ISO, HITRUST, FedRAMP, CMMC, PCI DSS and more. Working with growing businesses to global enterprises, A-LIGN’s experts and its compliance automation platform, A-SCEND, are transforming the compliance experience. For more information, visit www.A-LIGN.com.