|By Business Wire||
|December 3, 2012 07:30 AM EST||
Galeos Group, LP (“Galeos” or “the Company”) announced today that one of the nation’s largest private equity firms, Welsh, Carson, Anderson & Stowe (“WCAS” or “the Firm”), has committed $300 million of equity capital to the Company. Galeos will be a new entrant into the federal government services and solutions space.
Galeos will be led by industry veterans Philip O. Nolan, James Brabston, Joseph M. Cormier and Randy Brooks. Mr. Nolan was formerly Chairman, Chief Executive Officer, and President of Stanley, Inc., a publicly-traded company that served the federal technology services market with particular focus on the Department of Defense and National Security space. Mr. Nolan joined Stanley in 1989 and led the company through a long and sustained growth cycle, which led to a successful IPO in October 2006 and eventual sale to CGI Group in August 2010 for over $1 billion. At the time of its sale, Stanley had nearly $1 billion in revenue, approximately 5,000 employees worldwide and was recognized several times by Fortune magazine as a “Top 100 Places to Work”.
Mr. Brabston was most recently a Senior Vice President and General Manager of CGI Federal’s $1 billion revenue Defense and Intelligence Business Unit and was Chief Operating Officer of Stanley, Inc. prior to its sale to CGI. Prior to becoming Stanley’s COO, Mr. Brabston was responsible for Stanley’s Mission Systems Group, which grew from $100 million to over $350 million in revenue in the areas of systems engineering, cyber-security and intelligence programs under his leadership. He has more than 20 years of direct experience with the U.S. Department of Defense and Federal Government customers.
Mr. Cormier was most recently Executive Vice President and Chief Financial Officer of Sotera Defense Solutions, Inc. (formerly Global Defense Technology & Systems, Inc.), a publicly-traded company that served the Department of Defense and National Security community exclusively delivering technology services, systems and solutions. Mr. Cormier was instrumental in executing Sotera’s strategic growth plan through its successful take private leveraged buyout in April 2011 for approximately $315 million and continuing to build the rebranded Sotera through organic growth and M&A transactions. Prior to Sotera, Mr. Cormier was a senior executive at ManTech International Corporation from 2005 to 2010 and served as Senior Vice President, Corporate Development through a rapid period of growth from $800 million in revenue to over $2 billion in revenue through organic growth and focused strategic acquisitions.
Mr. Brooks was most recently a Group Senior Vice President, for CGI Federal, formerly Stanley, Inc., leading its Army and Defense Intelligence business unit, which generated approximately $400 million of revenue. Prior to Stanley, Mr. Brooks was Vice President, Business and Strategic Development for Oberon Associates. In 2008, the Oberon acquisition by Stanley Inc. was named “Deal of the Year Over $100MM” by the Association for Corporate Growth National Capital. Mr. Brooks is a retired, highly decorated Army Intelligence Officer.
“We are delighted to partner with Phil, Jim, Joe and Randy in the federal government services market,” said Mike Donovan, a WCAS General Partner and Galeos Board member. “Their complimentary backgrounds and talents will position Galeos as one of the preeminent service providers in the industry.”
“We are excited about the opportunity to partner with a firm of Welsh Carson’s national reputation for helping entrepreneurs build successful enterprises,” said Phil Nolan, Chairman & CEO. “Their large commitment to this endeavor will enable us to quickly assemble a company of scale capable of competing with anyone in the federal government contracting space.”
About Galeos Group, LP
Galeos Group is a newly formed company that will provide a comprehensive range of services and solutions to federal government clients. The Company will assemble a large array of contract vehicles and domain expertise to quickly respond to our customers’ mission critical needs. Galeos Group will serve the entire spectrum of our customers’ life cycle needs by focusing on speed of delivery and providing exceptional value. For more information about Galeos Group, please visit www.galeosgroup.com.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Jun. 30, 2015 04:39 PM EDT
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Jun. 30, 2015 04:21 PM EDT Reads: 140
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Jun. 30, 2015 03:59 PM EDT Reads: 214
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Jun. 30, 2015 02:15 PM EDT Reads: 2,074
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Jun. 30, 2015 01:56 PM EDT Reads: 446
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jun. 30, 2015 01:45 PM EDT Reads: 1,918
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Jun. 30, 2015 01:45 PM EDT Reads: 1,797
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Jun. 30, 2015 01:30 PM EDT Reads: 2,049
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Jun. 30, 2015 01:15 PM EDT Reads: 2,004
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
Jun. 30, 2015 12:30 PM EDT Reads: 1,795
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Jun. 30, 2015 10:30 AM EDT Reads: 1,851
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
Jun. 30, 2015 10:20 AM EDT Reads: 466
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
Jun. 30, 2015 10:15 AM EDT Reads: 783
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jun. 30, 2015 09:45 AM EDT Reads: 820
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jun. 30, 2015 09:15 AM EDT Reads: 801