MCLEAN, Va., March 5 /PRNewswire/ -- CI Capital Partners LLC, a New-York-
based private investment firm, and a group of executives led by Joseph Kampf ,
former President and Chief Executive Officer of Anteon International, today
announced the formation of CoVant Technologies LLC, a platform designed to
make investments in government technology solutions companies in the defense,
homeland security and intelligence communities. CI Capital and CoVant
management have committed
CI Capital Partners acquired Anteon International in a
CoVant will act as an investment platform in its sector, bringing financial resources, strategic guidance and management expertise to emerging companies. Mr. Kampf will serve as CEO of CoVant, with the Board of Directors and remainder of the leadership team largely comprised of former board members and top executives of Anteon International.
"I am delighted to be re-engaged with my Anteon colleagues and CI Capital Partners in this new venture," said Mr. Kampf . "We have a long and highly successful history of investing in technology businesses that provide critical support to defense and defense-related activities. These needs are continually evolving, and we believe CoVant can provide substantial support."
"Our first partnership with Joe and his team, Anteon International, was highly successful as Anteon quickly became recognized as a leader in the government technology services sector," said Fred Iseman , Chairman of CI Capital Partners. Steven Lefkowitz , President of CI Capital Partners, said, "We are delighted to once again be partnering with this team as they bring their experience, focus and talent to growing companies in this sector."
CoVant's board of directors includes former Anteon directors Dr. William J. Perry , former Secretary of Defense; General Hugh Shelton (USA ret.), former Chairman of the Joint Chiefs of Staff; General Paul Kern (USA ret.), former commander of the Army Material Command; Dr. Paul Kaminski , former Under Secretary of Defense for Acquisition and Technology; and Gilbert F. Decker, former Assistant Secretary of the Army for Research Development and Acquisition.
CoVant Acquires A-T Solutions
A-T Solutions, a rapidly growing, privately-held business, is the premier provider of analytical and training solutions for the detection, identification and defeat of improvised explosive devices (IED) and weapons of mass destruction (WMD). With approximately 200 subject matter experts, the company is the largest single supplier of IED related training services to the U.S. Departments of Defense and Homeland Security.
The A-T Solutions management team is retaining a significant equity position and will continue to provide operating management of the company's business. Mr. Kampf , Gen. Shelton and Steven Lefkowitz of CI Capital Partners will join the A-T Solutions' board of directors.
"A-T Solutions' mission is to combat terrorism abroad and at home," said Mr. Kampf . "I have every confidence that the combination of A-T Solutions' technical expertise and commitment to mission and CoVant's financial resources and management expertise will create significant value for our customers, employees and shareholders."