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.
EMERGING TECHNOLOGY, CYBERSECURITY
Unanet | September 30, 2022
Unanet, the leading provider of project-based ERP and CRM for government contractors (GovCon), today announced that Radiance Technologies, a Huntsville, Ala.-based firm that develops solutions for defense, intelligence and civilian clients like the U.S. Army and U.S. Airforce, is replacing its legacy ERP system with Unanet GovCon ERP and CRM to provide a robust end-to-end solution that will help streamline processes and reduce manual errors in their business. Radiance has already started an implementation plan that Unanet tailored to fit their needs.
After an annual review of all its business and technology tools, Radiance, an employee-owned company with approximately 1,000 employees, determined that its legacy ERP provider was actually making their business processes more cumbersome and less efficient for their team.
"Our previous system included multiple software tools, but none of them were fully integrated and automated. As a result, we were spending a lot of time taking data out of one system through downloads, and entering or importing it into another system, Radiance's teams also experienced difficulties with functionality and technical issues such as upgrades that were hastily rolled out with errors in them.We fully expect Unanet to make our processes more efficient through integration and automation, reduce the amount of time required to enter and review data and create smoother internal processes and workflows, For example, getting consultants and subcontractors to input their purchase order/invoice data into an efficient system will ensure all costs incurred each month are captured in our invoices. This will enhance our speed and visibility to project actuals -- creating one efficient solution for our subcontractors/consultants and our accounting team."
-Paige Nix, chief financial officer at Radiance.
After a search and review process for an enterprise-wide system, Radiance chose Unanet GovCon ERP and CRM for its ability to fully integrate and automate multiple tools with low implementation and maintenance time. In addition, Radiance received multiple referrals about Unanet from companies who shared how Unanet's customer service team listened and turned feedback into actionable results.
According to a recent annual survey of more than 1,100 GovCon customers, Unanet users are seeing a significant decrease in day sales outstanding (DSO) simply because of the reduction in errors that Unanet's ERP solution provides. More than 14% of users reported a DSO of 15 days or less.
Unanet is a leading provider of project-based ERP and CRM solutions purpose-built for Government Contractors, architecture, engineering, construction, and professional services. More than 3,700 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, and accelerate business growth. All backed by a people-centered team invested in the success of your projects, people, and financials.
About Radiance Technologies:
Radiance Technologies is an employee-owned small business prime contractor founded in 1999. Radiance has approximately 1,000 employee-owners across the United States serving the Department of Defense, national intelligence community and other government agencies. From concepts to capabilities, Radiance leads the way in developing customer-focused solutions in the areas of cyber security, systems engineering, prototyping and integration as well as operational and strategic intelligence including scientific and technical intelligence.
Sapia.ai | December 02, 2022
Sapia.ai, creator of the world's first smart interviewer, are proud to announce that they have been accepted onto the UK government's Crown Commercial Service (CCS) procurement framework G-Cloud 13.Organisations can now find and purchase Sapia.ai's tools, including its AI-empowered smart chat which has shown to help companies deliver on their Diversity KPI's when hiring, from the government's digital marketplace. The G-cloud framework launched in 2012, with the aim of easing the procurement process for the UK government and other public sector bodies. Sapia.ai has joined over 5000 suppliers to offer its solutions within the framework.
Public sector organisations are now able to access, review, and purchase Sapia.ai's automated and bias-free hiring solution easily through the marketplace, knowing that it has been vetted by the G-cloud framework. Sapia.ai is truly unique in that it allows candidates to apply for a job through a simple text chat - negating the need for CVs which have been shown to be full of bias - even when anonymised. Instead, using Sapia.ai's AI-driven technology and its bias-free database of interview responses, Sapia.ai can create an accurate and independent profile of a candidate matching their skills with their ability to do the job within seconds. Every candidate also receives personalized feedback that they can use to improve in areas for future job searches, as well as helping them understand where their strengths lie.
"We are delighted to have been included in the G-Cloud 13 framework. When our technology can simultaneously lead to customers seeing accelerated diversity after just 3 months of use, as in the case of our customer Woodies, you know you have built game changing technology,We cannot wait for it to do the same in the public sector that we have for so many companies. "
-Barb Hyman,CEO Sapia.ai.
By using Sapia.ai public sector customers can now deliver:
An interview for every candidate that applies without any need for CVs.
A fast and human-focussed automated hiring system that fits into current HR processes.
A time-efficient shortlisting process, while every candidate receives personalized feedback.
More diverse hires with highly accurate job matching.
An immediate impact on D&I KPIs.
Huge cost and time savings on recruitment.
Sapia's mission is to help companies unlock and engage talent at scale. With its blind, automated chat interview and comprehensive DEI analytics platform, Sapia's technology is the first solution of its kind to disrupt biases that affects traditional recruitment processes – resulting in fair outcomes for candidates and companies.