Veritas Capital Overview of Business and Financial Data

Veritas Capital has a history of successful investments and exits, with a focus on the government services and technology sectors. They have a strong track record of creating value for their investors.

Veritas Capital was founded in 2003 by Robert E. McMahon. The company has since grown to become a leading private equity firm.

Veritas Capital has invested in a number of notable companies, including DynCorp International and Immedis. These investments have resulted in significant returns for the firm's investors.

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Veritas Capital's business operations are built on a strong foundation of strategic investing and operational expertise. The company has a proven track record of acquiring and growing businesses in the government services and technology sectors.

Veritas Capital's team of experienced investors and operators work closely with portfolio companies to identify areas for growth and implement strategic initiatives. This collaborative approach has helped Veritas Capital's portfolio companies achieve significant growth and expansion.

The company's focus on operational expertise has enabled it to drive value creation and improve the performance of its portfolio companies.

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Veritas acquired the health-care data business of Thomson Reuters for $1.25 billion in 2012, renaming it Truven Health Analytics.

In 2016, Veritas sold Truven Health Analytics Inc. to IBM for $2.6 billion.

The firm acquired the healthcare services business unit from Verisk Analytics, Inc. for $820 million on April 25, 2016, and renamed it Verscend Technologies, Inc.

Verscend Technologies, Inc. was formed after the acquisition of the healthcare services business unit from Verisk Analytics, Inc. in 2016.

Veritas-backed Verscend acquired Cotiviti Holdings, Inc. for $4.9 billion on June 19, 2018, with the combined private company operating under the Cotiviti name.

The acquisition of Watertown, Massachusetts–based athenahealth by Veritas through a partnership with Evergreen Coast Capital. was announced on November 12, 2018, for $5.7 billion.

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Veritas Capital has a diverse portfolio of companies, including Abaco Systems, Inc., Alion Science and Technology Corporation, and APTIM Corp.

By 2019, Veritas' portfolio had grown to include athenahealth, Inc., Cambium Learning Group, Inc., Cotiviti, Inc., Guidehouse, and OnSolve, LLC.

In 2024, Veritas Capital made a significant acquisition, purchasing the Digital banking sector of NCR Voyix for $2.45 billion.

The transaction was completed on September 30, 2024, and the resulting company was named Candescent.

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Veritas Capital has made significant moves in the mergers and acquisitions space. By 2019, its portfolio included several notable companies.

Veritas' portfolio expanded to include Abaco Systems, Inc., Alion Science and Technology Corporation, APTIM Corp., athenahealth, Inc., Cambium Learning Group, Inc., Cotiviti, Inc., Guidehouse, and OnSolve, LLC.

Veritas Capital has rebranded its portfolio company, CAES Space Systems, to Frontgrade Technologies.

The rebranding reflects the company's commitment to technological innovation and delivering high-quality products to customers.

Frontgrade Technologies will remain headquartered in Colorado Springs and will be led by Mike Elias, Chief Executive Officer.

The company has a rich history, with over 60 years of space flight heritage.

Frontgrade Technologies will continue to deliver industry-leading space-qualified, mission-critical components and solutions.

The company has developed multi-decade relationships with blue-chip customers across the space, defense, and commercial markets.

Frontgrade Technologies has a rich intellectual property portfolio.

Veritas Capital, the parent company, is a leading technology and government investment firm.

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The acquisition of Frontgrade Technologies was completed by Veritas Capital from CAES.

Veritas Capital has significant government technology experience that will be brought to the company.

The rebranding marks an exciting new chapter for Frontgrade Technologies as it continues its industry leadership.

Frontgrade Technologies will accelerate its growth and enhance its value proposition to customers with the support of Veritas Capital.

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Veritas Capital has completed the acquisition of Wood Mackenzie, a globally recognized industry leader in the energy, renewables, and natural resources sector.

Wood Mackenzie has been providing quality data, analytics, and insights for nearly 50 years, powering the industry with its world-class analytics and insights platform, the Wood Mackenzie Lens.

The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer, and Joe Levesque has been appointed as President & Chief Operating Officer.

Mark Brinin is excited about the next chapter for Wood Mackenzie in partnership with Veritas, citing the firm's track record and sector knowledge as key benefits to the company's growth.

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Veritas brings deep sector knowledge and operational expertise to Wood Mackenzie, positioning the company for greater value realization for its customers.

Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas, is also enthusiastic about the partnership, highlighting Wood Mackenzie's decades of leadership and innovation in the energy industry.

Morgan Stanley acted as financial advisors and Davis Polk & Wardwell LLP served as legal counsel to Verisk in connection with the transaction, while Gibson, Dunn & Crutcher LLP served as legal counsel to Veritas.

Veritas Capital is a private equity firm that focuses on investing in the defense and aerospace sectors, among others. They have a significant presence in the industry, with a portfolio that includes companies like DynCorp International.

Veritas Capital was founded in 1992 by Robert McKeon, and it has since grown to become one of the largest private equity firms in the world. They have a unique approach to investing, which involves partnering with experienced management teams to drive growth and value creation.

Veritas Capital has a strong track record of success, with a history of delivering strong returns to their investors. They have a deep understanding of the industries they invest in, which allows them to identify opportunities and make informed investment decisions.

Annual revenue is a crucial financial metric that measures a company's total income within a specific period, usually a year. For instance, Veritas Capital had an annual revenue of $69 million in 2025.

This figure gives us an idea of a company's financial health and performance. It's essential to note that annual revenue is not the same as profit, as it doesn't take into account expenses and other financial obligations.

Companies like Veritas Capital use annual revenue to make informed business decisions and set goals for future growth.

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The SIC code is a classification system used to identify the primary business activity of a company. It's a crucial piece of information for investors and researchers.

Veritas Capital, a private equity firm, has SIC codes of 67, 679, and 62. These codes indicate the company's involvement in various industries.

The SIC code is still widely used today, despite being replaced by the NAICS code in 1997.

The NAICS code is a crucial piece of information for businesses like Veritas Capital. The NAICS code for Veritas Capital is 52.

Veritas Capital operates in various sectors, and its NAICS codes reflect this diversity. The company's NAICS codes are 52399 and 5239.

Understanding NAICS codes is essential for businesses that want to be classified correctly. The NAICS code 523 is another code associated with Veritas Capital.

Knowing the NAICS code for Veritas Capital can be helpful for various purposes, such as market research or government reporting.