CyberSheath Services International | May 20, 2022
Security, compliance, and IT roadblocks slow down federal contractors working to achieve compliance with Cybersecurity Maturity Model Certification (CMMC). The Defense Industrial Base (DIB) includes more than 220,000 companies, many of which have existing vendor relationships across the security, compliance, and IT CMMC requirements, but no single vendor solves every compliance challenge.
CyberSheath, the largest CMMC managed service provider supporting the DIB, has launched a partner program designed to empower vendors to expand their core capabilities and achieve CMMC compliance faster.
The CyberSheath Partner Program allows managed security service providers (MSSPs) and managed service providers (MSPs) to easily identify opportunities to speed their end customers’ cybersecurity compliance journeys. Every customer has gaps when it comes to CMMC compliance, and they want to fill them efficiently. Our one-of-a-kind partner program allows IT providers to step into cybersecurity and vice versa. Defense contractors want to manage one provider, not three or more, and now you can be that provider.
CMMC compliance is a matter of national security, and we recognize that anything we can do to speed up a contractor’s journey to full compliance literally makes this country more secure. Our partner program represents a significant milestone in delivering on our promise to our clients and partners to expand our previously in-house capabilities across a partner ecosystem. We worked extremely closely with our partners on program development to ensure their interests are aligned with the new framework.”
Eric Noonan, CEO of CyberSheath
To facilitate the program, CyberSheath created new centralized resources, including a new partner portal and enhanced website to ensure CyberSheath and its partners are in lockstep to quickly and efficiently deliver solutions that drive impactful client outcomes. The program delivers an improved experience for clients through benefits such as:
Accelerated time to value through enhanced delivery capabilities and increased capacity
Private label, joint co-marketing, and sales lead demand generation via CyberSheath’s comprehensive library of DFARS compliance subject matter and collateral
Flexible DFARS partner pricing with models designed to align cost structure with client’s service and capacity consumption
Enhanced customer care from a dedicated engineering staff that can assist in advanced project deployments and defend against premeditated, persistent cyberattacks
CyberSheath MSSP SOC Service staffed by experienced security professionals that have accumulated vast knowledge of network threats, detection and mitigation, and an in-depth understanding of CyberSheath’s DFARS compliance and security capabilities
Admission to CMMC Con 2022, the nation’s largest CMMC conference that helps contractors navigate their course through the evolving compliance landscape
“Our relationship with CyberSheath allows us to provide best-in-class, secure, cloud-based solutions to address our customers’ complicated compliance needs like CMMC and NIST 800-171, ensuring that their cybersecurity posture is appropriate for protecting their critical and sensitive business data, whether it’s defense or commercial,” said Jeff Roberts, co-founder of principia/RAID. “With the strength of our CyberSheath partnership, we can empower more businesses to drive further innovation and more effectively manage their IT spend, positively impacting their business outcomes and meeting stringent U.S. DoD needs.”
About CyberSheath Services International, LLC
Established in 2012, CyberSheath is one of the most experienced and trusted IT security services partners for the U.S. defense industrial base. From CMMC compliance to strategic security planning to managed security services, CyberSheath offers a comprehensive suite of offerings tailored to clients’ information security and regulatory compliance needs.
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.
Four Inc. | June 01, 2022
Synopsys, Inc. has named Four Inc. as a federal aggregator. As part of Four Inc.'s boutique aggregation program, Four Inc. will deliver Synopsys Software Integrity Group application security solutions to the federal government through its government contract vehicles and network of channel partners. The program includes multi-year financial solutions and as-a-service products to support and develop Synopsys' government business.
Our agreement with Four Inc. is a milestone that will help expand the Synopsys portfolio's reach within the Federal IT ecosystem via a trusted federal aggregator. Broadening our business through the channel is one of our top strategic priorities. This agreement signals the continued momentum and growth we expect by further extending our world-class application security solutions through the channel in the Federal space moving forward."
Tom Herrmann, vice president of global channels and alliances within the Synopsys Software Integrity Group
Synopsys has been named a six-time Gartner® Magic QuadrantTM Leader for Application Security Testing, a three-time Forrester WaveTM Leader for Software Composition Analysis, and a two-time Forrester WaveTM Leader for Static Application Security Testing.
The Synopsys Software Integrity Group assists development teams in producing safe, high-quality software while minimizing risks and increasing productivity. Synopsys is a well-known leader in application security. Its static analysis, software composition analysis, and dynamic analysis tools help teams quickly find and fix vulnerabilities and problems in proprietary code, open source components, and application behavior.
Jeff Nolan, Four Inc.’s COO, avers that their government customers are more vulnerable to sophisticated cyber assaults that target vulnerabilities in source code development and network-based applications. They say Synopsys is a great fit for their boutique aggregation platform of services, and they are delighted to work with them. They are also happy to be able to offer their channel partners and government clients Synopsys application security testing solutions that are made to stop these threats.