Varen Technologies Announces Strategic Investment from Godspeed Capital | Business
COLUMBIA, Maryland – (BUSINESS WIRE) – December 16, 2021–
Varen Technologies, Inc., (“Varen Technologies” or “the Company”), a leading provider of cybersecurity, software and intelligence solutions to the defense and intelligence communities, today announced that it has Received a strategic investment from Godspeed Capital Management LP (“Godspeed Capital”), a private equity firm focused on mid-market defense and government technology and services. Financial terms of the transaction were not disclosed.
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Founded in 2005, Varen Technologies provides innovative solutions in cybersecurity, analytics, augmented intelligence, agile software development, cloud computing and enterprise systems for its major customers in the US Department of Defense, the intelligence community and other cyber defense organizations. The company employs more than 160 highly specialized software and systems engineers, nearly 100% of whom hold high-level security clearances, to provide intelligence expertise and superior solutions to the defense and intelligence communities to meet the evolving challenges of today’s security environment.
Following the transaction, Varen Technologies will remain based in Columbia, Md., And will continue to be led by President and CEO Marty Leshin and the existing management team. Godspeed Capital plans to invest significantly in Varen Technologies by increasing investments in technology, talent acquisition, business development, corporate infrastructure and strategic acquisitions to enhance Varen Technologies support to existing customers and strategically develop in complementary markets.
“Over nearly two decades, Varen Technologies has strived to become our clients’ primary advisor and technical partner, supporting their success through an array of cybersecurity and intelligence mission challenges as they work to help our nation’s leaders and key ministries, ”said Marty Leshin. “We are proud to partner with Godspeed Capital, whose expertise in the cybersecurity and intelligence market, combined with its collaborative investing approach, will help guide our company into its next phase of growth in this market segment. dynamic and critical. “
Douglas T. Lake, Jr., Founder and Managing Partner of Godspeed Capital, said, “With the challenges the U.S. government faces in addressing cybersecurity and intelligence threats, we are seeing increased demand and a market increasing for the services and solutions currently available. provided by Varen Technologies. The company has established itself as one of the leading trusted providers of software development and systems engineering solutions that meet our country’s key cybersecurity and intelligence goals. We look forward to working closely with the Varen Technologies team to enhance the company’s core areas of expertise, while pursuing strategic acquisitions that broaden its capabilities and market reach, and provide opportunities for additional career advancement to company employees.
G Squared Capital Partners served as financial advisor and Miles & Stockbridge served as legal advisor to Varen Technologies.
About Varen Technologies
Varen Technologies is a trusted industry leader providing innovative solutions in cybersecurity, data analytics, augmented intelligence, agile software development, cloud computing and enterprise systems for its major customers in the US Department. defense, intelligence community and other cyber defense organizations. . For more information, please visit the Varen Technologies website at www.varentech.com.
About Godspeed Capital
Godspeed Capital is a private equity firm specializing in defense and government mid-market services, solutions and technologies that invests alongside forward-thinking management teams seeking an experienced and innovative investment partner with unique sector expertise, operational vision and flexible capital for growth. While a typical investment will involve companies generating around $ 3-30 million in EBITDA, Godspeed Capital has significant backing to complete larger deals through strategic co-investment relationships. The firm focuses on takeovers, buyouts and constructions, company exclusions and special situations. For more information, please visit the Godspeed Capital website at www.godspeedcm.com.
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CONTACT: Media contacts: For Godspeed Capital:
Alex Jeffrey / Sara Widmann
Gasthalter & Cie.
KEYWORD: MARYLAND UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: DEFENSE TECHNOLOGY OTHER DEFENSE TECHNOLOGY
SOURCE: Godspeed Capital Management LP
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PUB: 12/16/2021 08: 00 / DISC: 12/16/2021 08:02
Copyright Business Wire 2021.