Veritas Capital

Veritas Capital is a private equity investment firm based in New York, established in 1992. The firm specializes in investing in technology companies across various sectors, including software, aerospace and defense, communications, education, energy, national security, healthcare, and government services. Veritas focuses on companies that provide essential products and services to governments globally. Since its inception, it has acted as the lead investor in transactions exceeding $8 billion in value and currently manages assets totaling over $8.8 billion. As a Registered Investment Adviser, Veritas Capital is committed to identifying and nurturing businesses that play a critical role in national security and public service.

Alexander Appel

Investment Professional

Sarah Banbury

Managing Director, Human Capital and Office Operations

Mark Basile

Managing Director

Matthew Bender

Vice President

Varun Bhardwaj

Associate

Evan Brovender

Senior Associate

Charles Caffray

Principal, Capital Formation

Ashish Chandarana

Partner

Elton Chang

Senior Associate

Alex Chapin

Vice President

Ash Chennapan

Vice President

Megan Chung

Associate

Wally Cook

Associate

Rick Cosgrove

Private Equity Principal

Henry Cutting

Associate

Brendan Dillon

Partner, Head of Capital Formation and Co-Head of Credit and Capital Markets

James Dimitri

Partner

Roshan Dutta

Senior Associate

Joseph Ender

Associate

Matthew Fantozzi

Associate

Jonathan Finkel

Associate, Credit

Gregory Giordano

Associate

Brian Gorczynski

Partner

Harrison Grussmark

Principal, Flagship

Rohit Guntur

Vice President

Ann Guzzetta

Associate

Welles Harris

Associate

Todd Herlihy

Principal

Yewande Ilawole

Associate

Dejan Ilic

Vice President

Sean Keller

Associate

Sumit Khatod

Principal

Alexander Kirschenbauer

Associate

Aneal Krishnan

Partner

Jayne Levy

Associate, Credit

Alice Li

Principal

Jay Longosz

Vice President

Caroline Marshall

Associate

Matthew Middleton

Principal

Tyler Miller

Associate

Jack Montalbano

Associate

Ramzi Musallam

CEO

Bahaa Naamani

Principal

Jonah Nawabi

Associate

Evelyn Ni

Managing Director

Hardik Patel

Vice President

Laura Pettinelli JD

Vice President, Capital Markets

Benjamin Polk

Partner

Ethan Portnoy

Vice President

Joel Posner

Vice President

Connor Riedell

Associate, Credit

Roehl, Carter

Associate

Clark Ryan

Managing Director

Rushin Shah

Managing Director, Credit

Ted Shanahan

Vice President

William Shanahan

Principal

Abel Solomon

Senior Associate, Credit

Erica Son

Principal

Daniel Sugar

Partner

Patrick Sullivan

Associate

Rohun Vaidya

Vice President

Carolyn Vona

Associate

Ashton Wackym

Vice President

Thomas Walker

Associate

Matthew Weinsier

Vice President

Hunter Weis

Associate

Jeffrey Wu

Partner

38 past transactions

NCR Voyix - Digital Banking Business

Acquisition in 2024
NCR Voyix - Digital Banking Business offers digital banking services.

Cotiviti

Private Equity Round in 2024
Cotiviti Holdings, Inc. is a leading provider of analytics-driven payment accuracy and spend management solutions primarily focused on the healthcare sector. With operations in the United States, Canada, the United Kingdom, and India, the company serves healthcare payers and retailers through two main segments: Healthcare, and Global Retail and Other. Cotiviti offers both prospective and retrospective claims accuracy solutions, allowing clients to identify and address discrepancies in claims both before and after payments are made to healthcare providers. Additionally, the company provides various analytics and support services, including tools for detecting fraud, waste, and abuse, as well as analytics for claims history and policy enhancement. Founded in 1979 and headquartered in Atlanta, Georgia, Cotiviti was formerly known as Connolly Superholdings, Inc. and adopted its current name in 2015. The company operates as a subsidiary of Verscend Technologies, Inc. and aims to improve the economics of healthcare while enhancing patient experiences and ensuring appropriate reimbursement practices.

Syneos Health

Private Equity Round in 2023
Syneos Health, LLC is a global contract research organization that specializes in clinical research and consulting services for the biopharmaceutical and medical device industries. The company provides a comprehensive range of services, including phase II to IV clinical development, biometrics, data operations, biostatistics, medical writing, project management, safety monitoring, and global regulatory consulting. Syneos Health connects customers, clinical research sites, and patients to expedite the introduction of new medicines to the market. With a workforce of approximately 24,000 professionals, Syneos Health operates in over 110 countries, leveraging advanced technologies and insights to enhance customer performance. Founded in 1985 and based in Raleigh, North Carolina, the organization was formerly known as INC Research, LLC, before rebranding in 2018.

Wood Mackenzie

Acquisition in 2022
Wood Mackenzie is a research and consultancy firm specializing in the energy, chemicals, metals, and mining industries. Founded in 1973 and headquartered in Edinburgh, United Kingdom, the company delivers objective analysis and advice on assets, companies, and markets. Its services encompass commercial analysis, strategic advisory, multi-client studies, market analysis, and corporate and competitor assessments. By providing comprehensive insights, Wood Mackenzie empowers clients to make informed strategic decisions in the natural resources sector.

CAES

Acquisition in 2022
CAES is a manufacturer of advanced electronic solutions that support critical missions in the aerospace and defense sectors. The company specializes in a variety of products, including antennas, missile flight instrumentation, precision positioning systems, and radio frequency (RF) assemblies and subsystems. Additionally, CAES provides RF microwave components, focusing on delivering reliable signal chain solutions from the aperture to digital conversion. Through its extensive product offerings, CAES plays a vital role in enhancing the capabilities of defense and aerospace applications.

sequa

Acquisition in 2022
sequa is a non profit global development organization in the private sector.

Chromalloy

Acquisition in 2022
Chromalloy offers services in gas and turbine engine components for commercial airlines, the military, and energy companies.

Coronis Health

Acquisition in 2022
Coronis Health is a healthcare revenue cycle management company that provides specialized solutions for a variety of healthcare practices and facilities, including primary and specialty physician practices, surgery centers, hospitals, and emergency medical services. The company employs a data-driven approach combined with personalized service to help clients manage their billing processes and accounts receivable effectively. By prioritizing the accuracy and timeliness of their operations, Coronis Health enables healthcare providers to focus on delivering quality patient care while maintaining financial independence and achieving financial success. Their services are designed to safeguard and optimize the financial aspects of healthcare practices, ensuring that clients can navigate the complexities of revenue management with confidence.

Houghton Mifflin Harcourt

Acquisition in 2022
Houghton Mifflin Harcourt is a global learning company focused on pre-K–12 education, offering a comprehensive range of educational content, services, and technology solutions. Established in 1864 and headquartered in Boston, Massachusetts, the company develops interactive learning materials that enhance teacher effectiveness and promote student achievement. Its offerings include print and digital textbooks, digital courseware, instructional aids, and educational assessments, which are designed to meet the diverse needs of school districts, administrators, teachers, parents, and students. Houghton Mifflin Harcourt serves over 50 million students in more than 150 countries, while also publishing a wide array of literature, including award-winning children's books and reference materials for both young and adult readers.

Finalsite

Acquisition in 2021
Finalsite is a marketing and communications platform that serves over 7,000 educational institutions worldwide, including schools and school districts across 119 countries. Headquartered in Glastonbury, Connecticut, the company provides a comprehensive suite of services designed to enhance how schools connect with their communities, recruit students and staff, and manage fundraising efforts. Its offerings include award-winning website designs, a robust content management system, mass communication tools, and enrollment management solutions, along with innovative inbound marketing tools and data integration services. Finalsite also emphasizes data privacy, accessibility, hosting, and security, ensuring that its clients can navigate the complexities of modern educational demands. With a remote workforce spread across the U.S. and other regions, Finalsite is dedicated to helping educational institutions engage effectively and efficiently with their stakeholders.

Cubic Corporation

Acquisition in 2021
Cubic Corporation is an international company that specializes in designing, integrating, and operating systems and solutions for the mass transit and global defense markets. The company operates through three primary segments: Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS), and Cubic Global Defense Systems (CGD). CTS focuses on providing automated fare payment systems and revenue management technologies for transportation agencies, enhancing the efficiency of mass transit services. CMS delivers networked solutions for command, control, communications, and intelligence for defense and security operations. Meanwhile, CGD Systems offers comprehensive training solutions, including live, virtual, and constructive environments for the U.S. Department of Defense and allied nations. Established in 1949 and headquartered in San Diego, California, Cubic Corporation is committed to innovation and customer satisfaction across its diverse portfolio of services.

DXC Technology - State & Local HHS

Acquisition in 2020
DXC Technology’s U.S. State and Local Health and Human Services business is an end-to-end provider of technology enabled, mission critical solutions that are fundamental to the administration and operations of health programs throughout the United States. Known for its reliable delivery of highly complex systems for public sector clients, the business facilitates performance efficiencies and improved outcomes for a wide range of stakeholders in the healthcare ecosystem.

Edcentric

Acquisition in 2020
Edcentric is a software-as-a-service (SaaS) provider based in Diamond Bar, California, specializing in engagement, planning, assessment, and compliance solutions tailored for higher education institutions. Founded in 2014, the company serves over 1,400 institutions, offering products that enhance the management of student activities and evaluate faculty performance, course effectiveness, and academic compliance. Edcentric's software supports institutions at both the enterprise and departmental levels, facilitating a comprehensive approach to educational management and oversight.

Anthology

Acquisition in 2020
Anthology is a prominent provider of technology solutions tailored for higher education institutions. The company focuses on delivering software, strategies, and services that enhance academic engagement and operational efficiency. Its flagship product suite, CampusNexus®, encompasses comprehensive solutions for student management, customer relationship management, finance, human resources, and payroll. By partnering with over 2,000 campuses across 20 countries, Anthology aims to transform the educational landscape, enabling institutions to improve student success and streamline administrative processes. The company's offerings empower staff and institutional leaders with actionable insights, facilitating a supportive environment for students on their educational journeys.

Athenahealth

Acquisition in 2019
Athenahealth provides a range of internet-based services designed to enhance the operations of medical groups and health systems. The company offers a suite of solutions including athenaCollector for billing and practice management, athenaClinicals for electronic health record management, and athenaCommunicator for automated patient-provider communication. Additionally, it provides athenaCoordinator for care coordination, athenaTelehealth for telemedicine visits, and athenahealth Population Health, which focuses on managing population health data. The platform also features analytics and dashboard applications through athenaOne Analytics, as well as tools for clinical decision support and engagement through services like Epocrates. Athenahealth's integrated software and services aim to improve revenue cycle management, enhance patient engagement, and streamline healthcare operations, ultimately helping healthcare organizations achieve better financial and clinical outcomes. Founded in 1997 and headquartered in Watertown, Massachusetts, Athenahealth was taken private in 2019.

Cambium Learning Group

Acquisition in 2018
Cambium Learning Group, Inc. is an educational technology company that specializes in providing innovative learning solutions for K-12 students, particularly focusing on at-risk and special populations. The company operates through three main segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. Learning A-Z offers a range of technology-enabled resources for PreK-6 education, including online supplemental materials for reading, science, writing, and assessments. ExploreLearning features interactive online simulations and adaptive math solutions for grades 3-12. Voyager Sopris Learning supports educators with various programs designed to enhance literacy and math skills, including professional development solutions and intervention programs. Cambium Learning Group serves a diverse clientele, including private and charter schools, teachers, and homeschooling families, through various sales channels and online platforms. Headquartered in Dallas, Texas, the company was established in 2009 and aims to create effective learning environments that promote measurable academic growth.

Guidehouse

Acquisition in 2018
Guidehouse is a management consulting firm based in McLean, Virginia, established in 2018. It provides a wide range of consulting services to both public and commercial sectors, focusing on industries such as defense, energy, financial services, healthcare, and government. The firm specializes in addressing complex challenges through its expertise in management, technology, and risk consulting, offering solutions in areas like financial management, audit preparation, data analytics, and operational strategy. Guidehouse assists clients in navigating transformational change, technology-driven innovation, and regulatory pressures by delivering integrated services that include strategic growth, mission enablement, and sustainability initiatives. With a commitment to helping organizations prepare for future growth and success, Guidehouse aims to create scalable and innovative solutions tailored to the specific needs of its clients.

API Healthcare

Acquisition in 2018
API Healthcare Corporation specializes in developing labor resource management software tailored for healthcare organizations across the United States. Founded in 1982 and headquartered in Hartford, Wisconsin, the company provides a comprehensive suite of solutions, including time and attendance, staffing and scheduling, payroll, workflow, productivity management, education tracking, and access control software. One of its key offerings is the Payrollmation system, which automates payroll policies specifically for healthcare entities. Additionally, API Healthcare features the Expert Nurse Estimation Patient Classification System, an automated tool designed to assess clinical workloads and determine the necessary hours and skill mix to adequately address patient needs. Initially established as api software, Inc., the company rebranded to API Healthcare Corporation in February 2009.

PwC - U.S. Public Sector business

Acquisition in 2018
PwC - U.S. Public Sector business offers consulting services to federal, state and local governments, along with multilateral government agencies.

Peraton

Acquisition in 2017
Peraton is a leading provider of mission capability integration and transformative information technology services, primarily serving federal government agencies. The company specializes in addressing complex national security challenges across various sectors, including intelligence, defense, space, cyber, healthcare, and citizen security. Peraton delivers a range of services such as software systems development, cyber solutions, modeling and simulation, mission operations, and signal intelligence. Its expertise enables the protection of critical space assets and enhances border security, ensuring the safety and security of citizens. With a commitment to innovation, Peraton's workforce tackles some of the toughest problems in national security, making it a trusted partner to essential government entities.

CB&I

Acquisition in 2017
CB&I is a prominent provider of energy infrastructure and government services, leveraging over a century of experience and a workforce of approximately 50,000 employees. The company specializes in a wide array of services, including design, engineering, construction, fabrication, maintenance, and environmental solutions. Its offerings encompass power and industrial maintenance, turnarounds and outages, as well as decommissioning and decontamination of government facilities. Additionally, CB&I provides environmental engineering and consulting, energy efficiency solutions, and program management services for federal, state, and local governments, as well as private sector clients. With a strong commitment to safety and quality, CB&I aims to deliver timely and cost-effective solutions that meet customer needs while enhancing the quality of life globally.

Verscend Technologies

Acquisition in 2016
Verscend Technologies is transforming the business of healthcare by providing data services, analytics, and advanced technologies that answer the industry’s most complex challenges. With a focus on reducing risk across all domains of healthcare, Verscend Technologies Health’s broad solution suite is designed to help health plans employers, providers, and other risk bearing entities better understand the health and risk of their populations to improve quality, reduce costs, ensure payment accuracy, and support compliance. From effective population health management, quality reporting, revenue accuracy, and chart retrieval to tackling fraud, waste, and abuse, Verscend Technologies is committed to answering the unique challenges of its clients. .

OnSolve

Acquisition in 2015
OnSolve, LLC is a provider of Software-as-a-Service critical event management and emergency notification solutions, founded in 1996 and based in Ormond Beach, Florida. The company, formerly known as Emergency Communications Network, LLC, offers a range of services including CodeRED, which enables clients to send alerts through various channels such as phone calls, text messages, emails, and social media. OnSolve's solutions are tailored for diverse sectors including government, healthcare, utilities, education, and finance, focusing on community and employee notifications, severe weather alerts, and regulatory compliance. By leveraging artificial intelligence and machine learning, OnSolve enhances the efficiency of critical communications, ensuring that the right information reaches the right people promptly, thereby improving the ability to manage crises and protect infrastructure.

StandardAero

Acquisition in 2015
Founded in 1911, StandardAero is one of the largest independent maintenance, repair, and overhaul (MRO) providers in the aerospace industry. Now a part of Dubai Aerospace Enterprises, the company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power clients across more than 80 countries. With over 4,000 employees, StandardAero operates numerous major facilities in North America, Europe, Asia, and Australia, supported by 14 regional service and support centers. The company specializes in MRO services for aircraft and rotorcraft engines, auxiliary power units, and components, as well as airframe services and avionics capabilities. StandardAero also provides comprehensive engineering services and custom design and completion solutions for both aircraft interiors and exteriors, utilizing a network of specialized facilities and mobile service teams to deliver high-quality support to its diverse customer base.

BeyondTrust

Acquisition in 2014
BeyondTrust is a leading global cybersecurity company focused on identity-centric security solutions. It specializes in protecting privileged access and managing identity-related threats, catering to organizations in both traditional and cloud environments. BeyondTrust's products are designed to prevent breaches and reduce the impact of potential attacks, whether originating from external sources or internal vulnerabilities. With a strong emphasis on operational efficiency and customer experience, the company serves over 20,000 clients, including 75 of the Fortune 100. Its advanced privileged access management tools enable organizations to effectively manage their identity attack surface while empowering secure work-from-anywhere capabilities.

Anaren

Acquisition in 2014
Anaren, founded in 1967 by Hugh A. Hair and Carl W. Gerst Jr., is a leading innovator in microwave and RF technology. The company specializes in designing, manufacturing, and supplying microwave components and subassemblies, primarily serving the defense electronics market. Anaren's product portfolio includes AIR modules, couplers, power dividers, baluns, splitters, combiners, resistors, terminations, attenuators, and other complex assemblies. These products cater to various sectors such as wireless infrastructure, satellite communications, medical, optics, automotive, consumer products, and defense. With five global facilities, Anaren offers collaborative capabilities tailored to major industry sectors.

Salient CRGT

Private Equity Round in 2014
Salient CRGT is a prominent provider of technology and mission support services, specializing in agile software development, data analytics, cybersecurity, and infrastructure solutions. The company caters primarily to federal civilian, defense, homeland security, and intelligence agencies, as well as Fortune 1000 companies. Salient CRGT enhances its core offerings with comprehensive IT services and training, aiming to assist clients in achieving their critical mission objectives. The company operates Innovation Centers that focus on developing transformative technologies and processes to improve user experience, increase efficiency, safeguard data and systems, and enhance decision-making capabilities. Headquartered in Fairfax, Virginia, Salient CRGT has a workforce of over 1,600 experts and maintains 19 offices, with personnel stationed in more than 238 locations across the United States and internationally.

Truven Health Analytics

Acquisition in 2012
Truven Health Analytics, founded in 2012 and headquartered in Ann Arbor, Michigan, offers a range of healthcare data and analytics services to various stakeholders in the healthcare industry. The company provides unbiased information, analytic tools, benchmarks, and research aimed at improving quality, efficiency, and outcomes in healthcare. Its clientele includes hospitals, government agencies, employers, health plans, clinicians, and companies in the pharmaceutical, biotech, and medical device sectors. By leveraging its expertise in clinical, financial, and healthcare management, Truven collaborates with clients to identify and capitalize on opportunities for enhancement within the healthcare system.

Excelitas Technologies

Acquisition in 2010
Excelitas Technologies is a manufacturer of specialty lighting and sensor components, serving original equipment manufacturers (OEMs) globally. The company provides a diverse array of electrical and electronic products, including emitters, flash lamps, photonic detectors, light emitting diodes, pulsed xenon lighting, thermal infrared detectors, avionic displays, and imaging lenses. By offering these advanced technologies, Excelitas helps clients accelerate their time to market while securing unique technological advantages and establishing barriers to entry for competitors.

CPI International

Acquisition in 2010
CPI International, Inc., based in Palo Alto, California, is the parent company of Communications & Power Industries, Inc., which specializes in microwave and radio frequency solutions. The company develops and manufactures a range of products that generate, amplify, transmit, and receive high-power microwave and radio frequency signals. These products are utilized in critical applications across defense, communications, medical, and scientific fields. Specific end-use applications include radar systems for navigation and location, electronic countermeasures, and communication systems for broadcasting and the internet. Additionally, CPI International's technology is employed in medical diagnostic imaging and cancer treatment through radiation therapy, as well as in various industrial and scientific processes.

Global Tel Link

Acquisition in 2009
Global Tel Link (GTL) specializes in providing correctional technology and payment services tailored for government agencies. The company offers innovative solutions designed to meet the unique requirements of various agencies, ensuring a high level of security and operational efficiency. GTL's products and services are designed to integrate seamlessly, delivering both financial value and ease of use for its clients. Through its focus on innovation, GTL aims to enhance the management of correctional facilities and improve communication services within the justice system.

Aeroflex Services

Acquisition in 2007
Aeroflex Services is a high technology company specializing in the design, development, manufacturing, and marketing of microelectronic and test measurement products. Its offerings include equipment management services, which encompass test equipment calibration and repair, particularly for hazard detection instruments and torque tools. Aeroflex Services caters to various industries, including oil and gas, as well as the medical sector, ensuring that its products support communication systems, networks, and automatic test systems used worldwide.

DynCorp International

Acquisition in 2004
DynCorp International is a global provider of specialized government services that supports U.S. national security and foreign policy initiatives. The company offers a range of critical services tailored for civilian, military, and government agencies. Its expertise includes aviation, logistics, training, intelligence, and operational support, which encompasses comprehensive training, security, supply services, and maintenance. DynCorp International is dedicated to delivering effective solutions that meet the unique needs of its diverse clientele in defense, diplomacy, and international development.

McNeil Technologies

Acquisition in 2004
McNeil Technologies is a professional services provider focused on supporting the Federal Government. The company offers a range of services including intelligence support, language services, mission support, and information technology. Additionally, McNeil Technologies specializes in national security, energy, labor, and logistical services, contributing to various government operations across the United States.

The Wornick

Acquisition in 2003
Wornick Foods is a manufacturer and supplier of convenience foods and military rations, catering primarily to institutional customers, including the U.S. government and large consumer packaged goods companies. The company specializes in producing meals ready-to-eat (MREs) for humanitarian operations and the U.S. military. In addition to military rations, Wornick manufactures thermo-stabilized foods for commercial branded food companies. Under its Homestyle Express brand, the company offers meals available in various national convenience store chains, including 7-Eleven, Circle K, and BP/Amoco, as well as grocery stores.

Continental Electronics

Acquisition in 2000
Continental Electronics Corporation, based in Dallas, Texas, specializes in the design, development, and manufacture of radio frequency (RF) broadcast transmission equipment. The company serves a diverse range of industries, including scientific, industrial, government, military, and broadcasting sectors worldwide. Continental Electronics produces both digital and analog high-power RF systems, which include FM broadcast transmitters and very low frequency (VLF) transmission systems. Its products support high-power applications across various frequency bands, including HF, VHF, and UHF, and are utilized in significant scientific endeavors such as particle accelerators and fusion research, as well as in defense communications and radar systems. Founded in 1946, the company was previously known as DRS Broadcast Technology, Inc. before rebranding in 2005. Additionally, Continental Electronics provides technical and sales support, along with parts and product services, to enhance its customer offerings.

ProActivity

Series B in 1999
ProActivity provides business process analysis and optimization software. The company develops, sells, and supports a platform that automates the capture and validation of business processes, generates graphical process maps on the fly, provides multidimensional analysis, and creates a strategic process knowledge base that can be reused and extended. It also offers consulting and professional services, onsite training, Web training, and customer support services. The company's clientele includes BEA Systems, Dell, CSC, Wyeth Pharmaceutical, Getronics NV, US Army, State Street Bank, and Bank of America. ProActivity was founded as Inprotech Technologies in 1993. The company is headquartered in Newton, Massachusetts with an office in Netanya, Israel.

Epiq Solutions

Epiq Solutions is an engineering company established in 2009, specializing in the development of advanced software-defined radio (SDR) platforms and wireless applications. The company focuses on creating easy-to-integrate radio platforms and turnkey wireless sensing tools primarily for the aerospace, defense, communications, and national security sectors. Epiq Solutions offers high-performance, small form factor, wideband radio frequency (RF) transceivers, catering to diverse application and RF product development needs. Additionally, the company provides RF sensing and monitoring tools, including mobile device detection, network configuration surveys, and RF spectrum analysis, thereby enabling clients to enhance the safety and security of their wireless environments across various industries.
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