ICF | June 10, 2022
ICF, a worldwide consulting and digital services firm, said today that it has reached a definitive agreement to acquire SemanticBits, a leading provider of mission-critical digital modernization solutions to US government health agencies.
In 2022, SemanticBits is predicted to produce $135 million in yearly revenue. In 2023, almost $115 million of that will be recurring, owing to the conclusion of many small company contracts. As part of ICF, SemanticBits is expected to produce EBITDA margins in the high teens, based on its track record of double-digit sales growth. ICF will use its existing credit facility to cover the $220 million deal. Upon completion, the deal is expected to be accretive to ICF's EPS.
SemanticBits offers a comprehensive set of open-source digital modernization services, including end-to-end agile at scale development, cloud-native solutions, data analytics, and human-centered design.
SemanticBits, which was founded in 2005, has a team of 450 technologists and practitioners with experience working on large federal health IT projects and expertise across 30 technology platforms. They use a fully agile approach that complements ICF's deep federal health domain expertise and digital modernization capabilities. SemanticBits provides help to federal health authorities in the United States, primarily the Centers for Medicare and Medicaid Services (CMS).
This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time."
John Wasson, ICF chair and chief executive officer
John further added, "SemanticBits' advanced health IT and data science solutions accelerate and improve mission impact and health outcomes. As one of the industry's leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies."
The acquisition is scheduled to close in mid-July, subject to regulatory and customary conditions. When ICF reports its second quarter results in early August, it aims to publish updated financial forecast for the full year 2022, which will include the projected contribution from the SemanticBits purchase.
Oracle | January 28, 2021
The Oracle Cloud Marketplace is currently accessible for U.S. government customers, empowering offices to completely computerize the arrangement of guaranteed arrangements straightforwardly on Oracle Cloud Infrastructure (OCI). Government customers can now effectively send applications from a developing library of Oracle and outsider autonomous programming merchants (ISVs) to help uphold their hierarchical objectives and serve the necessities of constituents.
Oracle Cloud Marketplace is a unified vault of big business applications accessible in Oracle Cloud Infrastructure Government Cloud.
Customers hoping to move or stretch out outstanding burdens from on-premises to Oracle Cloud Infrastructure can undoubtedly find and send arrangements offered in Oracle Cloud Marketplace. Oracle Cloud Marketplace is an all in one resource for Oracle customers looking for believed business applications offering extraordinary business arrangements, including those that broaden Oracle Cloud Applications. Customers can interface and broaden their server farm organization, just as ensure their outstanding tasks at hand past Oracle Cloud local security choices, without requiring huge arrangement, mix, or business measure changes.
"Government customers rely on Oracle Cloud to run application workloads in highly available hosted environments," said Scott Twaddle, vice president, regulated markets, Oracle Cloud Infrastructure. "The availability of Oracle Cloud Marketplace allows government customers to automate the provisioning of Oracle applications and databases as well as third-party software. This simplifies migrations from on-premises environments to the cloud, dramatically reducing deployment times to hours, instead of days or weeks."
Oracle Cloud Marketplace has acquired approval from the Federal Risk and Authorization Management Program (FedRAMP), the public authority program that sets the norm for surveying, approving, and checking cloud frameworks' security. The accreditation guarantees government customers that Oracle Cloud Marketplace fulfills the most elevated guidelines of security and consistence.
Oracle Cloud Infrastructure has also achieved FedRAMP JAB P-ATO Accreditation for Oracle Cloud Infrastructure Compute Service, Object Storage Service, Block Storage Service, Database Cloud Service, Exadata Cloud Service, Key Management Service, Virtual Cloud Networks, FastConnect, Load Balancing as a Service, Identity and Access Management, and Auditing.
We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data.
Owl Cyber Defense Solutions | January 06, 2021
Owl Cyber Defense Solutions, LLC ("Owl"), a worldwide market pioneer in cybersecurity solutions and administrations for safeguarding network limits and empowering secure information sharing across spaces, reported today the acquisition of the Trident Assured Collaboration Systems ("ACS") product offering. ACS has the lone U.S. government-endorsed Voice over IP ("VoIP") and Video Teleconference ("VTC") Cross Domain Solution ("CDS") just as the business' most progressive Full Motion Video ("FMV") separating capacity – usefulness basic to CDS tasks in a period of robots and cameras. The acquisition gives Owl a more extensive scope of affirmed network edge defense solutions than any rival on the lookout.
Owl, supported by private venture firm DC Capital Partners, has been a main supplier of CDS to the U.S. Branch of Defense ("DoD") and Intelligence Community for over 20 years. Owl is additionally the worldwide pioneer in cybersecurity security for basic foundation, offering the lone U.S. government tried and licensed CDS accessible for arrangement inside and outside the U.S to both government and business customers.
Owl's Cross Domain Solutions offer the most elevated level of organization border security, far surpassing the capacities of firewalls and other typical organization defenses. Owl's items are the decision for ensuring the country's most touchy organizations and frameworks against assault. Late episodes have exhibited the failure of inheritance firewalls to forestall cyberattacks against basic business and working frameworks and cloud-based applications. The blend of Owl and ACS's innovation offers a full continuum of CDS items that give equipment upheld space detachment and layers of information separating confirmation as opposed to a solitary organization line checkpoint with negligible substance sifting.
Thomas J. Campbell, Chairman of Owl and Founder and Managing Partner of DC Capital, said, "This is another step in executing our strategic vision. The acquisition of ACS not only places Owl ahead of other Cross Domain Solution providers, but it also plays a pivotal role in our larger strategy to offer true cybersecurity protection. The future requires solutions that are cost effective and easy to implement, use, and maintain."
"The explosion of the Internet of Things ("IoT") demands cyber-secure devices, from those that control our critical infrastructure, to our homes and cars," said Campbell. "The technology Owl pioneered 20 years ago is now available in form factors small enough to be embedded inside devices. Owl has always been an early mover, the first to develop hardware-enforced network protection and now the first to offer a hardware-enforced CDS that can be embedded."
"Owl has been rapidly moving towards this number one position for the last couple of years," commented Robert Stalick, President and CEO of Owl. "With the addition of ACS, the last piece has fallen into place. Owl is now the clear leader in accredited Cross Domain Solution offerings, with the widest range of capabilities and products – solving problems from tactical to enterprise in data, voice, and video; for government, critical infrastructure and commercial enterprises."
Solutions like firewalls that worked 25 years prior as an organization security approach are not, at this point viable against country state quality assaults. As country state assaults increment, the methodologies utilized by state entertainers start to saturate the criminal side of cyberattacks. Viable cybersecurity presently requires an incorporated, multi-layered framework with information diode equipment parts in gatekeepers which perform escalated information assessment and confirmation. The up and coming age of insurance, coming out now and based on a mix of Owl and ACS innovation, inserts CDS usefulness in incredibly low-inertness, unmodifiable equipment.
Jerry B. Chernock, Partner at DC Capital, added, "It is obvious that we need to address the inadequacy of firewalls. There is a reason why our clients insist on Cross Domain Solutions and not solely on firewalls. Recent attacks, including a security breach at a prominent U.S. based cybersecurity firm and several U.S. Government agencies, have punctuated the need for intelligence, military, critical infrastructure and corporate clients to quickly evolve how they protect their networks."
"The sophistication of these technologies cannot be overstated," said Ken Walker, Chief Technology Officer at Owl. "The U.S. Government continues to set the standards for the most rigorous operational requirements and testing regimes globally, setting expectations that very few companies can meet. Owl is one of a handful of elite companies that satisfies the government-established 'Raise the Bar' requirements."
About Owl Cyber Defense Solutions
Owl has been serving the cybersecurity needs of the U.S. government since inception – providing hardware-enforced cybersecurity controls, industry leading expertise in operating system hardening, extensive device and network-based assessment services and thought-leadership in filtering/data processing disciplines. Owl Cross Domain Solutions are operating broadly in missions across both the DoD and the U.S. intelligence agencies. Globally Owl is the leader in perimeter protection for nuclear power plants, oil and gas operations, renewables and power generation and transmission, with aggressive growth occurring in the data center and cloud provider sectors. Owl continues to innovate and is bringing to market the world's first embeddable cybersecurity to serve the Internet of Things ("IoT").