Emerging Technology, Cybersecurity
PR Newswire | July 24, 2023
IMB Partners ("IMB"), a leading middle market private equity firm specializing in utility, industrial, and government contracting services ("GovCon"), today announced its strategic investment in eTelligent Group ("eTel"), a premier provider of emerging technologies and program management solutions to the U.S. Government.
Founded in 2005, eTel has been leading the enterprise-wide transformation of critical business systems by managing the implementation and engineering of emerging technologies. Today, the company delivers digital transformation services primarily to the Internal Revenue Service ("IRS"), utilizing capabilities that include agile software development, DevSecOps, IT Program Management Office (PMO), cybersecurity, web services, and big data. eTel has become a principal thought leader and solutions evangelist to the IRS, now positioned as the second-most active prime contractor on the IRS IT-EPMSS BPA contract vehicle.
"We are excited to hit the ground running with the highly-skilled and experienced team of professionals at eTel," says Norman Yu, Director at IMB Partners. "The eTel team has laid some very impressive groundwork, and IMB sees a great opportunity to grow, diversify, and strengthen the business both inside and outside of the IRS. eTel is the partner we have been looking for, and we are ready to roll up our sleeves with eTel and further our commitment to serving the GovCon sector."
With IMB's investment, eTel will be able to dedicate additional resources to professionally scale the overall organizational infrastructure and capabilities to undertake larger contracts. Additionally, this partnership will propel eTel to explore potential acquisitions to help diversify the customer base and build upon existing capabilities to best serve the U.S. Government.
"Over the past 18 years, we have built a high performing team of industry leading professionals that are committed to our core company values of serving with excellence," says Ritesh Bansal, Managing Partner of eTel.
"The proof is in our customer feedback: we're nimble, more efficient, and more responsive in delivering exceptional service. And now, with this partnership with IMB, we will have the means to extend the same exceptional service to more customers across new categories and invest significantly in building our strategic and operational framework," says Rohit Aggarwal, Managing Partner of eTel.
About eTelligent Group
eTel provides a proven team of talented IT professionals that provide reliable solutions for business & information technology management and services. eTel delivers IT services, agile and DevOps development, big data services, IT program management, and cyber security services. Working as a trusted partner of the Federal Government, eTel holds itself to the highest industry standards, including CMMI Level 3 and PMBOK. Learn more at etelligent-group.com.
About IMB Partners
Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. Learn more at imbpartners.com or connect with us on LinkedIn.
Emerging Technology, Infrastructure
BusinessWire | August 25, 2023
PAR Technology Corporation today announced that its wholly owned subsidiary PAR Government Systems Corporation, in close partnership with ICEYE US, the leading commercial provider of space-based radar capabilities, has signed a prime contract award for the Proliferated Low Earth Orbit (PLEO) Satellite-Based Services initiative led by the U.S. Space Force. The contract serves as a mechanism for satellite-based services and capabilities to support all domains (space, air, land, maritime, cyber) with consistent, quality backed, low-latency offerings. PAR Government was one of 16 awardees on the PLEO Indefinite Delivery, Indefinite Quantity (ID/IQ) effort, which has a $900M ceiling over five years, with five-year option periods.
Under the direction of Space Systems Command, the ID/IQ effort was orchestrated by the Commercial Satellite Communications Office (CSCO) and is intended to support U.S. Combatant Commands, defense agencies, other federal government agencies, and international coalition partners.
“PAR Government is an innovative leader in the development, management, and delivery of critical, tactical-edge capabilities for our nation’s warfighters. We are enabling timely delivery of commercial space-based services and products directly to the mobile platforms being used by our nation’s defenders at the tactical edge. To that end, the PAR Government team includes best-in-class Synthetic Aperture Radar (SAR) constellation capabilities provided by key partner ICEYE US,” said Michael Nelson, president, PAR Government. “Delivering critical services and information through the PLEO effort exemplifies PAR’s mission of continuously improving the operational effectiveness of our military and our allies.”
PAR Government’s subsidiary, Rome Research Corporation (RRC), is also included in the contract award. RRC has partnered with the Department of Defense (DOD) customers to provide award-winning satellite communications and space-related operations and maintenance services, including 24/7/365 terrestrial communication systems support, IT-related support, telecommunications engineering, and installation services, and ensures the functionality and positioning of government satellite assets for defense agencies worldwide. To date, RRC’s DOD customers have won more than 80 Defense Information Systems Agency (DISA) facility awards.
“PAR Government and ICEYE US have joined forces to create ‘strength-on-strength’ value for the United States Space Force, our military, and allied partners. We are grateful for the opportunity to deliver near-real time persistent monitoring services to decision makers across the DOD under the guidance of Space Systems Command,” said Eric Jensen, CEO at ICEYE US.
ICEYE US builds and operates a constellation of small synthetic aperture radar (SAR) satellites, enabling hourly revisit of any location on earth wherein insights can be derived day, night and through cloud cover. Combined with ICEYE US advanced processing techniques, end users receive reliable, relevant information across various mission applications. PAR Government and ICEYE US are committed to advancing the state of the art concerning commercial sector integration for the United States Space Force.
About PAR Government
PAR Government is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. An ISO 9001:2015 and 27001:2013 certified company, PAR Government is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR), a leading global provider of software, systems, and service solutions to the restaurant and retail industries.
About ICEYE US
ICEYE US builds and operates SAR spacecraft from its manufacturing and 24/7 mission control center in Irvine, California. The company delivers unmatched persistent monitoring capabilities for any location on Earth through the provision of remote sensing data, the delivery of turnkey space systems, and by offering advanced analytic solutions. ICEYE US operates four SAR satellites licensed by NOAA. The parent company, ICEYE, has launched over 20 small satellites since 2018 and today operates the world’s largest synthetic-aperture radar satellite constellation. SAR imagery enables objective, data-driven decisions for end users in sectors such as Earth science, natural catastrophe response, and natural resource management. ICEYE’s data can be collected day or night, and even through cloud cover. For more information, please visit www.iceye.com.
About PAR Technology Corporation.
For more than 40 years, PAR Technology Corporation’s (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 70,000 restaurants in more than 110 countries use PAR’s restaurant point-of-sale, customer loyalty and engagement, payments, omnichannel digital ordering and delivery, and back-office software solutions as well as industry leading hardware and drive-thru offerings. To learn more, visit partech.com or connect with us on LinkedIn, Twitter, Facebook, and Instagram.. Additionally, the Company's Environmental, Social, and Governance report can be found at https://www.partech.com/company/ESG.
PR Newswire | August 07, 2023
Pexip, a company that provides multi-platform software video technology, announced that its Pexip Government Cloud (PGC) Cloud Service Offering (CSO) has received StateRAMP Authorized status in the Moderate security categorization from the StateRAMP Project Management Office (PMO) and the StateRAMP Approvals Committee (SAC). In April, Pexip received an Authority to Operate (ATO) at the Moderate Impact level from the Federal Risk and Authorization Management Program (FedRAMP), sponsored by the U.S. Department of Labor.
The StateRAMP Authorization enables secure and compliant collaboration for state and local agencies on Microsoft Teams. Employees can easily join Microsoft Teams calls using Cloud Video Interop (CVI) from video conferencing systems in meeting rooms or from personal devices, whether from the office or home making collaboration seamless an efficient. Pexip also enables state and local agencies to manage their existing video infrastructure investments, making it a cost-effective solution.
"We are very excited about our StateRAMP authorization and believe it represents another great example of Pexip's commitment to delivering secure and compliant solutions to our government customers," said Peter McCarthy, VP of Public Sector, Pexip.
As agencies move to the cloud, Pexip stands ready to support them at every stage. The StateRAMP-authorized Pexip Government Cloud (PGC) platform offers secure video conferencing as a service, ensuring agencies can engage in productive collaboration while adhering to rigorous security standards. For agencies with the most stringent security requirements, such as On-Premise mandates or GCC-High Teams Tenants, Pexip offers the option to self-host its software. This enables complete data control and interoperability within these specialized environments.
Pexips StateRAMP approval is a testament to its commitment to delivering safe and compliant solutions to its government customers. Pexip's StateRAMP approval includes:
US Department of Defense (DoD) Unified Capabilities Approved Product List (UC APL) authorized
Cryptographic Module Validation Program (CMVP) validated Federal Information Processing Standard (FIPS) 140-2 module #3503
ISO/IEC 27001:2013 certified
Section 508 compliant
General Data Protection Regulation (GDPR) compliant
Supports Health Insurance Portability and Accountability Act (HIPAA) compliance
Supports zero trust security architectures
Pexip enables enterprises and organizations of any size to deploy and use video-based communication and collaboration. The Company’s portfolio of products ranges from self-hosted software to cloud service video solutions. Pexip provides seamless collaboration between previously incompatible video and audio technologies such as professional video conferencing systems, Skype for Business, Microsoft Teams, Google Hangouts Meet, and WebRTC. Pexip’s software-based meeting platform can also be used as a foundation for service provider offerings. Pexip has HQ in Oslo, Norway, main offices in London, UK, New York and Reston, US and Sydney, Australia, as well as sales offices across the globe.