EMERGING TECHNOLOGY,GOVERNMENT BUSINESS,CYBERSECURITY
Electrosoft | September 19, 2022
Electrosoft Services, Inc., an award-winning federal IT and professional services firm specializing in cybersecurity, announced today it has been awarded an $11.7 million prime contract from the General Services Administration (GSA) Office of Government-wide Policy (OGP), Identity Assurance and Trusted Access Division (IATAD).
The IATAD coordinates the government-wide civilian agency execution of ICAM policies and standards to align with the Federal ICAM (FICAM) Architecture. Electrosoft will support IATAD programs to assure the availability of a consistent and effective set of ICAM policies, standards and governance practices and compliant, interoperable and secure ICAM products and solutions in the marketplace.
Under the newly awarded Federal Public Key Infrastructure (FPKI) Subject Matter Expert (SME) Support Services contract, Electrosoft will assist IATAD with development, management and execution of the division's responsibilities from an innovative and strategic perspective, including:
FPKI policy and operational governance including support to the FPKI Policy Authority (FPKIPA) and associated working groups;
Strategy development for test and evaluation of shared ICAM solutions under the FIPS 201 Evaluation Program, including operating the Physical Access Control Systems (PACS) test laboratory; and
Guidance and playbook creation based on the FICAM Architecture and identity management policies, standards and initiatives.
"GSA leads the field in delivering government-wide trust services and ICAM solutions that enable agencies to better achieve their mission goals, Under this contract, Electrosoft will leverage more than 16 years of FPKI and ICAM thought leadership to provide the GSA OGP IATAD with support and subject matter expertise to meet their mission objectives."
-Dr. Sarbari Gupta, Electrosoft CEO.
Electrosoft delivers comprehensive technology-based solutions and services that propel mission success for federal government customers. Specializing in cybersecurity, Electrosoft supports civilian and defense organizations in advancing cybersecurity postures, modernizing technology ecosystems and adopting agile approaches to improve operational efficiency and security. Recognized for deep domain knowledge and mature management practices, the company is rated at Maturity Level 3 for CMMI-DEV and CMMI-SVC and is certified under ISO 9001, ISO 20000-1 and ISO 27001. The rapidly growing 8(a), economically disadvantaged, women-owned small business (EDWOSB) and WOSB is headquartered in Reston, Virginia.
Avantus Federal | August 08, 2022
QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc and a leading defense company providing mission-critical solutions in robotics and autonomous systems, sensing, protection systems, and next-generation autonomous vehicles announced today that it has entered into a definitive agreement to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022.
Avantus is a leading provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. From supporting sensitive national security customers on some of the most complex data engineering, cyber, and analytics problems in the world, to providing key mission operational, intelligence, and cyber support to special operators, and helping accelerate new technologies into the warfighter’s hands, Avantus has a strong track record of achieving speed-to-mission-impact.
“We have been thoroughly impressed by the quality of the Avantus employee base, leadership team, customer impact, and the sustained organic growth. We see great alignment in our culture and strategy, Avantus’ highly integrated business, core capabilities, and customer relationships complement QinetiQ’s distinctive offerings, allowing us to grow the services and solutions that benefit our combined global customers as their needs evolve at an accelerating pace.”
-Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc.
Both Avantus and QinetiQ are best-in-class providers of technology services and support, cyber and intelligence solutions, and information services. With high-trust, established customer relationships within the most important and enduring mission areas, this acquisition enhances the go-to-market strategy for both companies.
“We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation, This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company.”
-Shawn N. Purvis, President and Chief Executive Officer of QinetiQ US.
Our market is evolving rapidly and demanding more of our customers every day, and joining forces with QinetiQ US will deliver solutions at scale to meet the moment, said Andy Maner, Chairman and Chief Executive Officer of Avantus. With a shared culture of absolute customer focus and employee investment and a structure built for agility and speed, this opportunity to combine with QinetiQ US strengthens our defense presence and combined position across our intelligence and homeland, law enforcement, and civilian portfolio, and we are poised to continue our joint mission as an innovator unique to our market.
The combination with Avantus will materially enhance QinetiQ US’s position in the largest defence and intelligence market in the world by creating a large full solutions US Defense contractor business well-positioned within high growth and durable market areas. Avantus brings a strong order backlog, and the acquisition creates a compelling platform for new scaling organic and inorganic growth for QinetiQ in the US.
Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise. Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus. Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ.
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 Defense 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), a global integrated defense and security company focused on innovation for defense, security and civil customers around the world. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defense 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 Defense, Intelligence, Homeland Security, and Federal Civilian customers.
Helping to solve some of the toughest national security problems and government missions, Avantus’ offerings enable services at scale, including cyber technologies and operations, data and software solutions, digital engineering and integration, intelligence analysis and operations, space domain capabilities, transformation and advisory services, and more.
About NewSpring Holdings:
NewSpring Holdings, NewSpring's dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.
Cartegraph | July 04, 2022
Cartegraph, a leader in infrastructure asset management software, has announced the launch of its right-of-way permitting solution for city and county public works, engineering, and transportation departments. By adding Cartegraph for Right-of-Way Permitting to its suite of asset management, work order, resource planning and facility management solutions, the organization assists municipalities in saving time and tax dollars by streamlining the permitting process.
“We are in a period of accelerating innovation in local government right now, From city hall to public works, parks and water utilities, municipal agencies are embracing technology to deliver high-quality services for their residents: online options, contactless payment, and transparent communication. It’s exciting to partner with cities and counties on these efforts. Our comprehensive and modern infrastructure management platform is designed to meet the dynamic and evolving needs of infrastructure owners—from asset and work management to ROW permitting and beyond.Procedural logjams can significantly slow down infrastructure improvement efforts. That’s why we’re so focused on helping cities and counties move beyond a ‘how we’ve always done it’ mindset, It’s inspiring to see so many local government leaders leverage software to work smarter and create better experiences for their teams and residents—particularly at a time when no one has the luxury of extra staffing resources.”
-Josh Mallamud, CEO of Cartegraph.
In the past, public works and engineering teams have relied on paper, spreadsheets, interoffice mail and disjointed systems to manage their street, utility, telecommunication and tree permits. These processes often led to inefficiencies, lost requests and miscommunication between departments and constituents. Today, these infrastructure-focused agencies can use Cartegraph’s secure, digital permitting hub to manage contractor, homeowner and business requests to close roads, repair sidewalks, remove trees and more.
With Cartegraph for Right-of-Way Permitting, constituents quickly submit, track and pay for permit applications. Once received, government teams easily review, approve and reject applications. Office staff can also create, store and send permits, and process payments in seconds. Cartegraph for ROW Permitting helps its users eliminate paperwork, automate workflows, boost departmental efficiency and accelerate sustainable community growth. To learn more, visit cartegraph.com/row-permitting.
Cartegraph builds safer, more resilient and sustainable communities through better stewardship of buildings and critical infrastructure. They offer powerful, intuitive SaaS solutions that help government agencies, utilities, and educational institutions manage their physical assets and associated operations. With Cartegraph software, users optimize the life of their infrastructure, deploy maintenance resources efficiently and increase productivity to drive high-performance operations.