Madison Dearborn Partners | December 05, 2022
Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm based in Chicago, today announced the formation of a partnership with industry-veterans Damon Griggs and Jon Brooks to pursue investments in the federal government technology sector. The former Dovel Technologies (“Dovel”) executives have extensive industry expertise and an impressive track-record of delivering growth, which will complement MDP’s investment experience in the federal government technology and tech-enabled services market.
“Damon and Jon bring a wealth of expertise and proven success building companies that provide valuable solutions for federal clients that will benefit MDP’s continued investment in the attractive market for government technology services, We look forward to partnering with Damon and Jon to identify businesses with significant growth potential that will benefit from the unique combination of Damon and Jon’s expertise and MDP’s deep industry knowledge and resources.”
-Matt Norton, Managing Director and Head of MDP’s Business & Government Software and Services team.
Griggs, who most recently served as Chief Executive Officer of Dovel Technologies, brings more than 20 years of experience successfully leading and growing technology services companies. Under Griggs’ tenure as CEO, he oversaw the company’s transformation into a market leader in the federal health technology sector. In less than three years, Griggs more than doubled the firm’s annual revenues to approximately $450 million by expanding tech-enabled capabilities, broadening and enhancing relationships with customers, building a world-class leadership team and promoting employee growth and development. Dovel was sold to Guidehouse, a leading global management consultancy firm, in late 2021. Prior to Dovel, Griggs held leadership positions with several technology services providers including InScope International, Inc., Alion Science and Technology, and Washington Consulting, Inc.
MDP shares Jon’s and my vision to build a new platform focused on delivering advanced technical capabilities to address the evolving demands of our federal customers, said Griggs. Jon and I are grateful for the opportunity to join MDP in this next chapter, as we identify highly-regarded businesses that are well-positioned to compete and win in the competitive federal technology services market.
Brooks brings more than 20 years of transactional, legal and compliance experience gained at leading corporations and Am Law 100 law firms. Over the course of his career, Brooks has successfully closed transactions totaling over $7 billion, including Dovel’s sale to Guidehouse, Engility’s sale to SAIC and OSI Pharmaceutical Inc.’s sale to Astellas Pharma Inc. He most recently served as Chief Legal Officer and SVP of Corporate Development for Dovel, supporting the company’s acquisition strategy, while building a world-class legal, compliance and administration function. Prior to joining Dovel, Jon was an executive at Engility Holdings, serving as the head of mergers and acquisitions and deputy general counsel.
Brooks added: Damon and I are pleased to partner with the MDP team as we work to utilize our collective resources, expertise and deep relationships to build a leading government technology and tech-enabled services platform. MDP has established a strong industry presence and we look forward to strengthening the firm’s partnerships with innovative businesses that are defining the future of the industry.
“This partnership creates a unique opportunity to build on our track-record of successful investments in the government software and services sector, Together with Damon and Jon, we are excited to pursue additional investments that will form an industry-leading platform delivering innovative solutions to meet the needs of federal customers across key verticals.”
-Brandon Levitan, a Director on MDP’s Business & Government Software and Services team.
About Madison Dearborn Partners, LLC:
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services.
Draganfly | November 18, 2022
Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce DEF-C, a Ukrainian company involved in the civil and defense sectors, has selected Draganfly as an exclusive provider of drones and related services.
DEF-C is a Ukrainian company of the Intecracy Group consortium, which has been involved in projects in the creation and use of unmanned aerial vehicles and solutions in the civil and defense sectors for the past decade, providing a broad range of products and services.
Draganfly will provide comprehensive equipment and solutions for emergency response, security, defense, and infrastructure, in addition to mapping, support, and public services. Draganfly’s platforms can adapt to air and ground situations providing a range of solutions that solve integral issues.
“DEF-C is a trusted provider to multiple Ukraine agencies. The integration of Draganfly’s solutions into our multiple civil and military projects has been well received, and we look forward to expanding this strategic partnership”
-Yuri Syvytsky, Lead Director of DEF-C.
The partnership between Draganfly and DEF-C will enable us to continue to provide equipment and solutions to the people of Ukraine, said Cameron Chell, President, and CEO of Draganfly. The selection of Draganfly by DEF-C is a testament to the strength of our technology and our team's ability to provide turnkey solutions that meet the specific needs of our customer base.
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, 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.
NOBLIS | November 16, 2022
Noblis is honored to be named the Cyber Government Contractor of the Year in the “Over $50M in Revenue” category by the Northern Virginia Technology Council (NVTC). The award acknowledges companies for their “dedication, innovation and ability to advance cybersecurity technology and anticipate the threat of future cybercrimes.”
“Noblis is thrilled to be recognized for work that is the heart of our mission, We value our partnership with NVTC and the opportunity it provides to share ideas with the best of the technology community.”
-Mile Corrigan, Noblis’ president and CEO.
NVTC announced the award last month during their annual Cybersecurity Summit. NVTC is proud to recognize and celebrate the accomplishments of the organizations and leaders who are innovating and mitigating risks across the National Capital Region, said Jennifer Taylor, president and CEO of NVTC. The work of our winners, including Noblis, protects our schools, workplaces and national infrastructures against cyber vulnerabilities and attacks.
“Our commitment to the nation’s safety and security is an essential part of what drives us, From automated continuous monitoring solutions to end-to-end data analytics, this award really salutes our multi-disciplinary teams who create the next-gen cyber tools and techniques for agency missions.”
-Chris Barnett, Noblis’ chief technology officer.
For more than 25 years, Noblis has been an innovator within the federal government, committed to enriching lives and making our nation safer while investing in the missions of tomorrow. As a nonprofit, Noblis works for the public good, providing independent and objective science, technology and engineering solutions. Together with our subsidiaries, we work with a wide range of government clients in the defense, homeland security, intelligence, law enforcement and federal civil sectors.
Splunk | December 15, 2022
Public sector organizations are more likely to struggle with leveraging data to detect and prevent threats than their private sector counterparts (63% to 49%), ultimately affecting their cybersecurity readiness. That’s according to a survey commissioned by Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability.
The survey found two-thirds (66%) of public sector agencies have difficulties leveraging data to mitigate and recover from cybersecurity incidents and half (52%) of the sector have issues leveraging data to inform cybersecurity decisions. This visibility challenge was also relatively high within the private sector, sharing a similar majority opinion (56% and 50%), showcasing consistency across industries. Another area of concern, both private and public sector respondents noted disparate data sets inhibit agility and real-time response to security events (84% private sector and 56% of public sector).
These data challenges also directly impact partnerships between the public and private sectors and their ability to share intelligence. For example, nearly half of public sector organizations (44%) believe the shared intelligence available to them is lacking for their cybersecurity needs. However, both public and private sector organizations agree on three benefits of intelligence sharing:
Improved agility (36% public & 44% private)
Greater visibility (32% public & 34% private)
Targeted preventative and proactive measures (29% public & 23% private)
There is also alignment on what is most important to share [insights or information on]:
Threat intelligence and actors (69% public and 63% private)
Real-time information on security events (60% public and 69% private)
Cybersecurity training materials and best practices (79% public and 68% private)
Benchmarked data (36% public and 31% private)
In light of this, the public and private sectors share similar cybersecurity priorities, including:
Improving threat response/remediation (55% public and 53% private)
Improving detection of emerging threats (49% public and 47% private)
Improving user security awareness (46% public and 50% private)
“At the core, security is a data problem and organizations are missing a foundational piece of their security strategy when they cannot leverage their data, All organizations — both private and public — have a responsibility to citizens and customers to enable cyber resiliency and that can be done by having clear visibility and understanding of data. These shared challenges and priorities should translate into better threat intelligence sharing and security practices across all sectors.”
-Bill Rowan, VP Public Sector, Splunk.
When looking ahead, both public and private sector organizations plan a wide-array of investments to address these cybersecurity priorities. The top investments include:
Monitoring/alerting (60% public and 59% private)
Threat intelligence (44% public and 46% private), and
Security assessments (40% public and 45% private)
However, it is important to note private sector respondents are more likely to be planning investments in security orchestration, automation and response (SOAR), centralized log management, and observability.
About Splunk, Inc:
Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.