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.
Accrete | November 18, 2022
Accrete has secured a five-year multi-million dollar Production Operational Technology (OT) software licensing contract from the U.S. Department of Defense (DoD) for Argus™, Accrete's highly configurable, dual-use open-source threat detection AI software solution, worth tens of millions of dollars. The exact contract value and deal terms cannot be disclosed per government guidelines.
Argus continuously analyzes the open-source web to predict anomalous and nefarious behavior hidden in plain sight. Argus performs work that would otherwise require thousands of intelligence analysts at an estimated cost of hundreds of millions of dollars a year in areas critical to national security such as supply chain risk management, vulnerability research, intellectual property theft, social media intelligence, insider threat detection, and anti-money laundering. Argus reads, understands, and learns from an exploding universe of dynamic, unstructured data, including news, blogs, think tank publications, strategy papers, social media chatter, financial filings, microprocessor manuals, and binaries in multiple languages. The AI software automatically extracts, normalizes, and maps relationships between entities, models influence, and surfaces behavioral anomalies indicative of potentially illicit activity that are too complex for humans to identify.
"We are at the dawn of an entirely new type of conflict, driven by rapid advances in artificial intelligence. Whereas nuclear proliferation threatened entire populations, AI proliferation individualizes warfare by manipulating targeted groups through digital means. Using AI, bad actors can propagate disinformation to exploit ignorance and weaken civil society causing billions of dollars of damage to the U.S. economy, As a prime defense contractor licensing configurable dual-use AI software directly to the DoD, Accrete is in a unique position to scale its business with the Defense, Intelligence, and Special Operations communities, as well as other government and enterprise customers, and bolster national security as well as intelligence competitiveness in previously unimaginable ways."
-Prashant Bhuyan, Founder, CEO, and Chairman of Accrete, Inc.
In 2020, the Defense Innovation Unit (DIU), which former Defense Secretary Ashton Carter established in collaboration with former Google CEO Eric Schmidt to strengthen U.S. national security by accelerating DoD adoption of commercial technology, awarded Accrete with an Other Transaction Authority (OTA) Prototype contract after Accrete outperformed 65 other companies in a competitive review. The DoD accepted the Argus prototype within 15 months, and Accrete worked closely with the DIU and the DoD to transition the OTA Prototype contract into a first-of-its-kind multi-year Production OT AI software licensing deal.
William Wall, who leads Accrete’s federal sales subsidiary, Accrete AI Government, and formerly served as a U.S. Special Forces Lieutenant Colonel and with the Joint Special Operations Command (JSOC), said, "We are extremely excited to announce this award, especially as this is the first production OTA that our DoD customer has ever awarded. There are very few start-up technology companies that successfully navigate the extremely challenging OTA process through prototype acceptance and transition into a multi-year production OT software licensing agreement. Our success is a testament to the efficacy, scalability, and configurability of our AI technology and, more importantly, to our employees' relentless focus on providing solutions that are tightly aligned with end-user requirements. As we continue to scale, Accrete looks forward to providing its growing customer base with powerful dual-use AI solutions that not only drive efficiency through the automation of analytical work but also produce mission-critical insights beyond human capacity.”
Zachary Smith, Accrete AI Government’s Program Manager and retired special agent who spent most of his 23-year Air Force career focused on countering human, technical, and cyber-based threats, observed, "Based on Argus' blazing speed and scale, in seconds, analysts will be able to research and visualize complex relationships that would have taken at least a month of steady research and annotation. Within the framework of the DoD's acquisition risk review process, Argus will enable supply chain risk analysis to be more efficient and effective while delivering enhanced value at a lower cost per insight."
Accrete's continuously learning AI technology enables the templatization of analytical workflows. Templates such as Argus for Threat Detection learn from sparse data and are configurable for use cases including supply chain influence, social media intelligence, reverse engineering, and logistics disruption for both government and commercial customers. In addition to helping the DoD predict bad actors that may be intentionally obscuring identities to influence the supply chain, Argus has also been enabling the U.S. Air Force to reverse engineer binaries from microprocessor manuals to detect vulnerabilities in firmware.
Accrete’s dual-use AI solutions have also been proven in industry, including media and entertainment companies automating talent scouting to predict emerging talent from social chatter; insurance brokers automating lead generation to find the shortest path to the hottest lead; private equity and venture firms automating pitch deck review through smart table extraction; and automobile dealerships automating the writing of marketing content.
Accrete's mission is to create AI so powerful that it amplifies human reasoning and enables government entities and commercial enterprises to grow in previously unimaginable ways. Accrete, founded in 2017, delivers configurable dual-use AI solutions that automate complex analytical work for both government and enterprise customers with a focus on defense, intelligence, and cybersecurity. Accrete has 128 employees globally and is headquartered in Lower Manhattan with offices in Alexandria, Va. and Wellesley, Mass.
Software AG Government Solutions | November 10, 2022
DH2i® the leading provider of always-secure and always-on IT infrastructure solutions, and Software AG Government Solutions, today announced they have entered into a partnership. A trusted provider of FedRAMP solutions, Software AG Government Solutions, will integrate DH2i's DxEnterprise (DxE) Smart High Availability Clustering software into its FedRAMP authorized cloud to achieve near-zero downtime within its own SQL Server Availability Group (AG) Kubernetes cluster. Software AG Government Solutions will offer the combined solution to its U.S. federal, state, and local government customers, as well as its aerospace and defense industry clients.
The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. FedRAMP empowers agencies to use modern cloud technologies, with emphasis on security and protection of federal information, and helps accelerate the adoption of secure, cloud solutions.
"Container use is growing exponentially for digital transformation projects in the government, aerospace, and defense industries – particularly the use of stateful containers for databases such as Microsoft SQL Server. This growing stateful database container use is also generating a hard production deployment requirement for database-level high availability (HA) in Kubernetes, Using DxEnterprise to manage our SQL Server AGs in Kubernetes enables us to deliver zero downtime for our customers running our Alfabet software."
-Jeff Estes, Senior Director, Systems Engineering, Software AG Government Solutions.
DxEnterprise enables an enterprise's true digital transformation (DX) by speeding the adoption of highly available stateful containers and providing SQL Server Availability Group (AG) support for SQL Server containers in Kubernetes clusters.
"Software AG Government Solutions is an organization known across all branches of Government for delivering only the most trusted and real-world proven technologies backed by expertise that enables customers to virtually eliminate investment risk while solving complex and critical IT challenges. It is therefore an enviable seal of approval for them to deploy DxEnterprise software as part of their FedRAMP certified solutions."
-Don Boxley, CEO and Co-Founder, DH2i.
DxEnterprise Smart High Availability Clustering Software Features & Benefits:
HA for SQL Server Availability Groups in Kubernetes—with automatic failover, an industry first. This enables customers to deploy stateful containers to create new and innovative applications.
Near-zero recovery time objective (RTO) failover for instances and containers at the database-level– enables operations to deliver better products and services more efficiently and resiliently at a lower cost to the business.
Distributed Kubernetes AG clusters across availability zones/regions, hybrid cloud and multi-cloud environments—with built-in secure multi-subnet Zero Trust Network Access (ZTNA) tunnel technology. This enables customers to rapidly adapt to changes in market conditions and consumer preferences.
Intelligent health & performance QoS monitoring with alerts for SLA assurance and simplified system management.
Mix and match support for Windows and Linux; bare-metal, virtual, cloud servers – maximizes IT budget ROI.
The use of containers in the Federal Government is exploding as it looks for better ways to improve the performance, scalability, and portability of their applications in secure cloud environments. Despite the promise of containers, deploying SQL Server AGs in Kubernetes remains a hurdle that organizations struggle to overcome. Join Jeff Estes of Software AG Government Solutions for breakfast to learn how he used DH2i's DxEnterprise to jump the hurdle and deploy highly available SQL Server Availability Groups (AGs) in EKS certified for FedRAMP. (Reserve your spot here: https://www.eventbrite.com/e/deploy-ha-sql-server-ags-in-eks-certified-for-fedramp-tickets-439683534287)
About Software AG Government Solutions:
Software AG Government Solutions is a wholly owned subsidiary of Software AG USA, Inc. We are dedicated to serving the Public Sector, Higher Education, and Aerospace & Defense communities in the United States. Our world-class software products (webMethods, Alfabet, ARIS, Cumulocity, Adabas & Natural) are focused on reducing the complexity of IT ecosystems that have evolved over many years. We help our customers understand what IT they have, how to optimize their architecture, and execute on a fully integrated modern enterprise. We leverage a highly effective "Prove IT First and Prove IT Fast" approach to solving complex IT challenges. Widely embraced by our customers, this approach has been proven to minimize risks associated with IT investments.
DH2i Company is the leading provider of multi-platform software-defined perimeter (SDP) and smart high availability (HA) clustering software for Windows and Linux. DH2i's DxOdyssey® SDP software, the unVPN networking solution for Zero Trust security, enables users to create highly available application-level micro-tunnels across any mix of locations and platforms. DH2i's DxEnterprise® SQL Server clustering - now optimized for containers, delivers an all-in-one solution to maximize performance and minimize downtime. And, DxEnterprise is the only SQL Server clustering solution to deliver fully automatic failover of SQL Server AG in Kubernetes.