Prnewswire | April 19, 2023
Renovus Capital Partners ("Renovus") today announced that its newly formed platform, Aretum, LLC ("Aretum" or the "Company"), has acquired Miracle Systems, LLC ("Miracle"), an Arlington, VA-based prime contractor to more than twenty federal agencies domestically and internationally. Miracle joins existing Renovus portfolio company Panum Telecom, LLC ("Panum") within Aretum, a leading mid-tier organization focused on providing management consulting, mission support and technology solutions. Aretum primarily serves the DoD, DHS and Federal Civilian agencies through a broad array of contracts, contract vehicles and talented resources.
"We are excited to bring together a rich and diverse pool of highly talented professionals under one organization," said Dr. Vaikunth Gupta, Co-Founder of Panum. "Our goal is to continue building Aretum into a best-in-class service provider to DHS, civilian and Department of Defense agencies."
"The combination of Panum and Miracle under the Aretum umbrella is yet another step in our growing commitment to support the mission of government agencies with technology and management consulting services," said Atif Gilani and Manan Shah, Partners at Renovus Capital. "We are confident that Aretum will bring technology-focused innovative solutions to support our customers while unlocking value for our investors and stakeholders."
Sandesh Sharda, Founder and CEO of Miracle Systems, commented, "Renovus really stood out from the other investors we considered. They had already made a significant growth investment in Panum and have great familiarity and understanding of the space where we operate."
Aretum becomes the third Renovus platform in the government service space. Renovus will leverage its deep expertise across the broader knowledge and talent space to continue building each platform through a combination of organic expansion and add-on acquisitions.
King & Spalding served as legal counsel to Renovus and Panum. UBS Investment Bank served as exclusive financial advisor to Miracle Systems, and Greenberg Traurig served as legal counsel.
About Miracle Systems
Miracle Systems is an innovative solutions provider bringing an entrepreneurial spirit and thought leadership to the Federal Government. We are an array of program managers, engineers, financial analysts, IT experts, systems designers, security specialists, trainers, and mission support specialists who have joined forces to create timely, tested, and sustainable solutions. Our signature offerings encompass PMO support, engineering services, financial consulting, IT modernization initiatives, mission-critical cyber support, and comprehensive training services. Established in 2003 and headquartered in Arlington, VA, our success has been demonstrated by cultivating long-term employees – and long-term clients. We proudly service over 100 contracts, and prime over 90 – managing over $900 million across civilian and military sectors. Miracle Systems consistently delivers high levels of customer satisfaction through innovation, ethics, and excellence.
About Aretum, LLC
Aretum LLC is a newly formed holding company that owns Miracle Systems and Panum Telecom. Miracle Systems (www.MiracleSystems.net) provides leading edge solutions and outstanding service to Federal clients, focusing on PMO Support, Financial Consulting, Engineering Services, Training Services, IT Systems, Cyber Mission. Miracle System has 90 active Prime Contracts across the US Government. Panum Telecom, LLC (www.panum.com) offers a broad spectrum of mission services including nutritional health, and management consulting services such as program & project management, acquisition & contract management, business & strategy consulting and next generation analytics, information and communications technology services such as network infrastructure & security, research & analysis, and training to Federal Government agencies. Panum is based in Bethesda, MD.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. Renovus manages over $1 billion including its three sector-focused funds. The firm's portfolio includes over 25 businesses in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its experience to make operational improvements, recruit top talent, pursue add-on acquisitions, and oversee strategic growth initiatives.
Globenewswire | April 17, 2023
Draganfly Inc., an award-winning, industry-leading drone solutions, and systems developer, is pleased to announce it has been selected by CODAN Communications, a leading international designer and manufacturer of premium communications solutions, to supply its UAV platform for integration with their industry-leading technology and communications solutions.
CODAN Communications serves tactical, military, humanitarian, peacekeeping, public safety, security, and commercial markets in over 150 countries. CODAN designs and deliver solutions that help to solve customers’ communications, safety, security, and productivity problems in some of the most challenging environments around the world.
“Like Draganfly, CODAN delivers its capabilities worldwide for the military, defense, humanitarian, peacekeeping, commercial, security, and public safety markets,” said Paul Sangster, President of CODAN Communications. “This partnership will provide turnkey solutions to customers that leverage Draganfly’s class-leading drones and CODAN’s robust technologies for systems that are second to none in their ability to service the global market in any application across all industries.”
“We are excited for CODAN and Draganfly to provide innovative solutions to complex problems faced by organizations operating in challenging environments,” said Cameron Chell, President, and CEO of Draganfly. “Draganfly's being selected to integrate our UAV platform into CODAN’s premium Government and Defense platform is an incredible honor and an important milestone as CODAN is demonstrated global leader in radio and communication technology.”
Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
About CODAN Communications
CODAN Communications is a global technology company that develops robust technology solutions to solve customers’ communications, safety, security and productivity problems in some of the harshest environments around the world.
We provide tactical communications solutions that enable our customers to be connected, ultimately to support critical missions worldwide. With almost 60 years in the business, we have garnered a reputation for quality, reliability and customer satisfaction, producing innovative and industry-leading technology solutions.
businesswire | June 01, 2023
Clariti, the fastest-growing government permitting and licensing software company in North America, is thrilled to announce the industry-changing acquisition of Camino Technologies, the top emerging technology vendor in the regulatory space.
Clariti, a Vancouver-based technology company, has also closed funding to accelerate investments into the product, customer success, customer support and professional services departments for both teams. By the end of 2023, Clariti’s employee base will grow by approximately 50% year-over-year.
The acquisition of Camino solidifies Clariti's position as providing the best products for all-size governments in need of modern permitting and licensing solutions. Both companies will continue delivering intuitive, configurable software to their target markets.
“Camino has developed the best next-generation product for small and medium-sized governments that will perfectly complement Clariti’s leading enterprise permitting and licensing platform,” says Clariti Co-CEO Cyrus Symoom. “Our commitment to both products will enable us to serve governments of all sizes for decades to come.”
The entire team at Camino, including founders Nate Levine and Mike Rosengarten, are joining Clariti, bringing years of experience developing software used by over 1000 government agencies.
“This is more than just business as usual for Camino,” says Camino CEO Mike Rosengarten, "We have seen Clariti's commitment to product innovation that will now include Camino. They share in our vision of delivering exceptional customer experiences, which is why we're so excited to join forces with increased funding and support."
Clariti and Camino's software is used to deliver permitting and licensing services to over 150,000,000 people across North America. Clariti customers will be able to purchase an integration by the end of the year to Camino’s permit guide, providing an industry-leading applicant experience. There will be no service disruptions or forced upgrades as a result of the acquisition.
“We will enhance the experience for customers of both companies,” says Co-CEO Jake Dancyger, “All customers will continue to receive exceptional support and enjoy product enhancements, driven by the same teams they relied on prior to the acquisition.”
Clariti’s government software helps North America’s largest and fastest-growing communities deliver exceptional community development, permitting, and licensing experiences online.
Founded in 2008, Clariti is built as an alternative to code-heavy, non-configurable systems that create technology barriers for governments to meet their community’s evolving needs.
Governments should be able to dictate how their software works. To us, that means providing our customers with a system that’s maintained with clicks, not code, to relieve pressure on technical resources and better support citizens and staff.
Camino’s mission is to transform the permitting process into an experience that is user-friendly, efficient, and transparent.
Founded in 2017, Camino has deployed software to over 100 government agencies across the country, from online interfaces for citizens to robust, automated workflow systems for staff.
Our team has decades of experience working at the interface of government and technology, and we’re unified by the belief that all communities deserve an easy way to build housing, open businesses and improve critical infrastructure.