Latest news with #JeffHuggins
Los Angeles Times
3 days ago
- Business
- Los Angeles Times
CloudCover Receives Growth Investment from Argentum to Accelerate Global Expansion
Irvine-based CloudCover, a provider of third-party maintenance and IT lifecycle management solutions powered by its cloud-based platform, announced a growth investment from Argentum, a New York-based growth equity firm. The investment will support CloudCover's continued expansion into global markets and accelerate the development of its platform, CoverIT, a service operations platform that enables more efficient and scalable third-party maintenance across the IT ecosystem. 'CloudCover has reached a pivotal point in its growth journey,' said Jeff Huggins, founder and chief executive of CloudCover, in a statement. 'The opportunity to lead the third-party maintenance and IT lifecycle management markets through technology innovation is massive and accelerating. Argentum is the right partner to help us scale, without compromising the culture, vision or execution that got us here.' Huggins will continue to lead the company as chairman and CEO and remain the majority shareholder after the investment. New York-based Argentum partners with founder-led B2B software and technology-enabled services companies to accelerate growth, fund acquisitions and generate shareholder liquidity. It fills the gap between venture capital funds and later-stage private equity firms by targeting capital-efficient companies that are not seeking a change in control. Argentum has invested in over 100 companies and supported more than 200 add-on acquisitions. DLA Piper advised Argentum on its strategic growth investment in CloudCover. Information for this article was sourced from CloudCover.
Yahoo
17-07-2025
- Business
- Yahoo
CloudCover Receives Growth Investment from Argentum to Accelerate Global Expansion and Technology Innovation
IRVING, Calif., July 10, 2025 /PRNewswire/ -- CloudCover, a leading provider of third-party maintenance (TPM) and IT lifecycle management solutions powered by its cloud-based CoverIT™ platform, announced yesterday a growth investment from Argentum, a New York-based growth equity firm that partners with founder-led B2B software and technology-enabled services companies. The investment will support CloudCover's continued expansion into global markets and accelerate the development of its platform, CoverIT™—a purpose-built service operations platform that enables more efficient and scalable TPM delivery across the IT ecosystem. "CloudCover has reached a pivotal point in its growth journey," said Jeff Huggins, founder and CEO of CloudCover. "The opportunity to lead the TPM and IT lifecycle management markets through technology innovation is massive—and accelerating. Argentum is the right partner to help us scale, without compromising the culture, vision, or execution that got us here. We're incredibly proud of the team we've built and energized by the road ahead," Mr. Huggins will continue to lead the Company as Chairman and CEO and remain the majority shareholder after the investment. CloudCover's platform and services are used by major IT channel partners to deliver flexible, cost-effective infrastructure support and field services around the globe. The company's differentiated platform model and partner-first approach have fueled rapid growth in both North America and international markets. "We've earned the trust of some of the biggest names in the channel by delivering reliability, responsiveness, and the flexibility they need to win," said Robert Kenney, Chief Revenue Officer at CloudCover. "This partnership with Argentum allows us to invest further in our partner ecosystem, continue our international expansion, and deliver an even higher standard of support." "CloudCover's purpose-built platform coupled with its global service capabilities offers its channel partners the opportunity to participate in the lucrative TPM market in a frictionless way with limited investment and under their own brand. We believe this "channel-first" strategy represents a highly differentiated approach to the TPM market that positions CloudCover to continue its rapid growth, said Daniel Raynor, Managing Partner at Argentum. "We're excited to support CloudCover's experienced leadership team during the Company's next phase of growth and innovation." CloudCover joins a portfolio of founder-led companies backed by Argentum that are transforming their industries through innovation, customer focus, and operational excellence. About CloudCoverCloudCover is a leading provider of third-party maintenance (TPM) and IT lifecycle management solutions for the global IT channel. Powered by its purpose-built CoverIT™ platform, CloudCover enables partners to deliver efficient, flexible infrastructure support at scale. With a global footprint and a partner-first mindset, CloudCover is transforming how IT services are delivered and managed worldwide, from desktop to data center. Learn more at About ArgentumArgentum is a New York-based growth equity firm that helps scale bootstrapped, capital efficient B2B software, technology-enabled, and business services companies. The firm provides capital to accelerate growth, fund acquisitions, and generate shareholder liquidity. Over its 30+ year history, Argentum has invested in over 100 companies, supported more than 200 add-on acquisitions, and been named to Inc's list of Top Founder Friendly Investors for five consecutive years. Argentum fills the growing gap between venture capital funds and later stage PE firms by targeting capital-efficient companies that are not seeking a change in control. Learn more at View original content to download multimedia: SOURCE CloudCover IoT, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Ottawa Citizen
14-05-2025
- Science
- Ottawa Citizen
Kepler Validates SDA-Compatible Space-to-Ground Laser Links with Cailabs
Article content TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Kepler Communications Inc., a pioneer in optical data relay technology, today announced that it has successfully demonstrated space-to-ground optical data relay with French optical ground station company, Cailabs, paving the way for the future of in-space optical technology. Article content Article content Kepler has demonstrated full Space Development Agency (SDA) standard data rates and acquisition in multiple space-to-ground scenarios between Kepler's optical Pathfinder satellite equipped with TESAT's SCOT80 in low Earth orbit (LEO) and Cailabs' Optical Ground Station (OGS) in Rennes, France. Article content Article content 'Optical data relay is no longer a theoretical concept. It is tested, proven, and operational in many acquisition scenarios,' said Mina Mitry, chief executive officer and co-founder of Kepler Communications. 'This is a critical milestone in creating resilient on-orbit optical infrastructure, proving our ability to leverage the power of light to improve the future of space communications.' Article content Successful demonstration of space-to-ground station optical links is a first step to validating other space-to-ground scenarios, including communications with airborne assets. Space-to-ground optical data transmissions are notoriously challenging to achieve, with increased velocities and atmospheric effects imposing pointing, acquisition, and data transfer challenges. The milestone also substantiates the ability to transmit cross-plane space-to-space optical links, a key objective of The Kepler Network, where optical terminals can perform data relay across different orbits. Article content Article content 'Cailabs was very glad to support Kepler on this important validation effort and to collaborate closely with their team. Testing our optical ground station—which mitigates atmospheric turbulence—with multiple terminals and satellites, is key to guaranteeing full operability across diverse scenarios. In that context, we're proud to be part of this successful SDA-compatible space-to-ground link announcement,' said Jeff Huggins, President of Cailabs US. Article content Kepler is committed to proving and maturing optical technology in a range of operational scenarios by collaborating with industry partners to provide customers with secure, low-latency solutions for mission-critical data. Article content Kepler Communications Inc. is a satellite telecommunications provider on a mission to deliver Internet connectivity to space. Kepler provides real-time, continuous service for space communications and was the first commercial company to announce the successful demonstration of SDA-compatible optical inter-satellite links (OISLs) on orbit. The Kepler Network will initially service low Earth orbit (LEO) and plans to provide connectivity services to space missions in LEO, MEO, GEO, and beyond. Headquartered in Toronto, Canada, Kepler is building a global company to enable communications for the future space economy.
Hamilton Spectator
14-05-2025
- Business
- Hamilton Spectator
Kepler Validates SDA-Compatible Space-to-Ground Laser Links with Cailabs
TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Kepler Communications Inc., a pioneer in optical data relay technology, today announced that it has successfully demonstrated space-to-ground optical data relay with French optical ground station company, Cailabs, paving the way for the future of in-space optical technology. Kepler has demonstrated full Space Development Agency (SDA) standard data rates and acquisition in multiple space-to-ground scenarios between Kepler's optical Pathfinder satellite equipped with TESAT's SCOT80 in low Earth orbit (LEO) and Cailabs' Optical Ground Station (OGS) in Rennes, France. 'Optical data relay is no longer a theoretical concept. It is tested, proven, and operational in many acquisition scenarios,' said Mina Mitry, chief executive officer and co-founder of Kepler Communications. 'This is a critical milestone in creating resilient on-orbit optical infrastructure, proving our ability to leverage the power of light to improve the future of space communications.' Successful demonstration of space-to-ground station optical links is a first step to validating other space-to-ground scenarios, including communications with airborne assets. Space-to-ground optical data transmissions are notoriously challenging to achieve, with increased velocities and atmospheric effects imposing pointing, acquisition, and data transfer challenges. The milestone also substantiates the ability to transmit cross-plane space-to-space optical links, a key objective of The Kepler Network, where optical terminals can perform data relay across different orbits. 'Cailabs was very glad to support Kepler on this important validation effort and to collaborate closely with their team. Testing our optical ground station—which mitigates atmospheric turbulence—with multiple terminals and satellites, is key to guaranteeing full operability across diverse scenarios. In that context, we're proud to be part of this successful SDA-compatible space-to-ground link announcement,' said Jeff Huggins, President of Cailabs US. Kepler is committed to proving and maturing optical technology in a range of operational scenarios by collaborating with industry partners to provide customers with secure, low-latency solutions for mission-critical data. To learn more about Kepler, please visit . ABOUT KEPLER Kepler Communications Inc. is a satellite telecommunications provider on a mission to deliver Internet connectivity to space. Kepler provides real-time, continuous service for space communications and was the first commercial company to announce the successful demonstration of SDA-compatible optical inter-satellite links (OISLs) on orbit. The Kepler Network will initially service low Earth orbit (LEO) and plans to provide connectivity services to space missions in LEO, MEO, GEO, and beyond. Headquartered in Toronto, Canada, Kepler is building a global company to enable communications for the future space economy. ABOUT CAILABS Founded in 2013, with offices in France and the United States, Cailabs develops and manufactures photonic solutions for space, defense, industry and telecommunications. A global specialist in laser communication, it has accelerated its growth in the space field with turnkey optical ground stations enabled by atmospheric turbulence compensation technology. FORWARD-LOOKING STATEMENTS This document may contain statements about our future expectations and plans. These forward-looking statements are based on current management assessments and involve inherent risks and uncertainties that may affect whether such future expectations and plans materialize. Actual results may differ from our projections due to various factors, including, without limitation: (i) market dynamics; (ii) regulatory environment shifts; (iii) operational challenges; (iv) strategic shifts; (v) economic conditions; (vi) competitive landscape; (vii) technological developments; (viii) business disruptions; (ix) internal and external risk factors. These statements reflect our perspective as of the date of this publication and are not guarantees of future performance. The reader is cautioned to not place undue reliance on forward-looking statements. Media Contact: Crystalyn Koch Strategic Communications Manager Ckoch@
