Avantus Federal | November 24, 2022
Lorton, VA and McLean, VA – QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, an integrated global defense and security company, announced today that it completed its acquisition of Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million.
The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today. This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees.
This integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus’ advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions. The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-U.S. allied nations including the United Kingdom and Australia.
“I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission, This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.”
-Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc.
Andy Maner, Chairman and Chief Executive Officer of Avantus, said the combination with QinetiQ US is key to providing more opportunities and growth for our people and customers. We started this journey with our great partner, NewSpring Holdings, and now we’re taking a critical step forward that allows our collective team to leverage additional scale and investments across our world class talent, technology, and processes at a pivotal time in our market and geopolitical landscape.
“We are thrilled to welcome our Avantus colleagues to QinetiQ US, Avantus’ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.” QinetiQ is a leading science and engineering company dedicated to protecting lives and securing the vital interests of defense and security customers with distinctive offerings in experimentation and technology; cyber and information advantage; engineering services and support; robotics and autonomous systems; training and mission rehearsal; and, test and evaluation. This is complimented by the Avantus capabilities to leverage a strong consulting force to deliver technology, cyber, data, digital engineering and integration, intelligence analysis, and operations strategy and tactics to its clients, ensuring maximum efficiency and impact.
-Shawn Purvis, President and Chief Executive Officer of QinetiQ US.
About QinetiQ US:
QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), an integrated global defense and security company focused on innovation for defense, security and civil customers. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defence Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required.
About Avantus Federal:
Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
e.Republic | December 19, 2022
Leeds Equity Partners ("Leeds Equity"), the sector-focused private equity firm dedicated exclusively to investing in the Knowledge Industries, and e.Republic, LLC ("e.Republic" or the "Company"), announced today that Leeds Equity has made a significant investment in e.Republic.
Leeds Equity seeks to invest in leading companies in sectors across the Knowledge Industries where the firm can partner with management to drive innovation, business growth and best-in-class client outcomes. e.Republic represents the seventh platform company for Leeds Equity Partners VII, L.P., its latest investment vehicle with over $1.4 billion in committed capital, and builds upon the firm's over two-decade track record of investing in information services companies. Terms of the transaction were not disclosed.
"e.Republic plays an essential role fostering an engaged community of government and education leaders and information technology providers where critical insights and best practices are shared to enable greater innovation and technology transformation, We look forward to collaborating closely with Cathilea and the e.Republic team to expand on the Company's numerous community and market insights offerings to better serve its many constituents and help drive greater outcomes across government and education."
-Jacques Galante, Partner at Leeds Equity Partners.
We are excited to partner with Leeds Equity as they share similar values and are committed to the vision of bringing innovation to government and education, said Cathilea Robinett, e.Republic CEO. Being part of their portfolio will empower us to tap into Leeds Equity's strategic investment expertise, market knowledge and deep industry relationships.
"e.Republic's high-quality content, compelling peer-to-peer learning solutions and unique research and data offerings provide significant value to the Company's constituent base, We are eager to work closely with the e.Republic team to continue to support the technology strategy, planning and procurement needs of state and local government and education."
-David Neverson, Principal at Leeds Equity Partners.
About Leeds Equity Partners
Leeds Equity is a New York-based private equity firm dedicated exclusively to partnering with management teams in the education, training and information services industries (the "Knowledge Industries"). The firm was founded in 1993 and currently manages over $4 billion of capital across a broad spectrum of companies within the Knowledge Industries. Leeds Equity seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies and investors.
Founded in 1984, e.Republic is the nation's only media, events and research company focused exclusively on state and local government and education. The Company's vision is to be the trusted source for guidance, ideas, innovations and relationships to build government that works for everyone.
Aurigo Software | December 09, 2022
Aurigo Software, North America's leading capital planning and construction management solution provider, today announced it has achieved Amazon Web Services (AWS) Government Competency status. Companies included on the prestigious list have demonstrated expertise in delivering technology to help government agencies meet mandates, reduce costs, drive efficiencies, and increase innovation. Aurigo's capital program management software is used by state and local government, federal agencies, and the transportation sector to plan, build, and maintain capital assets. Achieving this accreditation differentiates Aurigo as an AWS partner with deep domain knowledge and the ability to deploy solutions seamlessly through the AWS platform. The firm is one of only 36 product-led companies worldwide to make the list.
"Aurigo is honored to achieve AWS Government Competency status, This is a testament to the outstanding team at Aurigo and the deep experience we have gained partnering with government agencies to deliver mission-critical software on the AWS cloud to help them plan and build modern and resilient infrastructure."
-Balaji Sreenivasan, CEO and founder of Aurigo Software.
AWS provides on-demand, distributed computing services to companies, non-profits, and government organizations. The firm is recognized as the market leader in providing solutions that enable scalable, flexible, and cost-effective data processing and storage in the cloud. AWS has a history of working with major government agencies to deliver technology with the highest levels of security, reliability, and performance.
To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help government customers identify high-quality, trusted partners that have demonstrated technical proficiency and proven success in managing government workloads. Government Competency Partners provide solutions to—and have deep experience working with—public sector customers to deliver essential applications and workflows on AWS. They provide innovative, cloud-based solutions that comply with the highest AWS standards.
"This designation differentiates Aurigo as the go-to, secure solution for government agencies, We look to partner with exceptional organizations like AWS to help our customers plan and build the roads, bridges, airports, and other infrastructure their communities need. Customers can be assured that Aurigo's SaaS products run on world-class cloud infrastructure with industry-leading best practices for security and availability."
-Manish Sharma, Vice President, Engineering and Security at Aurigo Software.
Aurigo has implemented capital program solutions for agencies such as the Utah Department of Transportation, the cities of Las Vegas, Seattle, and Houston, Portland Water Bureau, and Dallas Area Rapid Transit. The firm is the only construction technology company listed on the StateRAMP Authorized Vendor List and has been available on the Federal Risk and Authorization Management Program (FedRAMP) marketplace since 2020.
About Aurigo Software:
Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo's solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India.