Veritas Capital Announces Strategic Investment in Epiq Solutions – Yahoo Finance | Candle Made Easy

NEW YORK & ROLLING MEADOWS, Ill., July 26, 2022–(BUSINESS WIRE)–Veritas Capital (“Veritas”), a leading technology and government investment firm, today announced that The Veritas Capital Vantage Fund, LP (“Vantage Fund”) has made a strategic investment in Epiq Solutions, a leading provider of software-defined radio and radio frequency (“RF”) turnkey solutions for governments and enterprises. Epiq Solutions is now a portfolio company of the Vantage Fund, which targets middle market opportunities. Co-founders John Orlando, Aaron Madsen and Michael Shogren will continue to lead the company and retain a significant ownership position. The financial terms of the transaction were not disclosed.

Founded in 2009, Epiq Solutions provides small form factor, SWaP-C (size, weight, power and cost) optimized software-defined radio and turnkey RF solutions for mission-critical military and commercial embedded computing applications. The company offers a portfolio of commodity hardware and differentiated software solutions that leverage open architectural standards, enabling government and enterprise customers to rapidly deploy technology and accelerate modernization efforts.

“We are excited to partner with Veritas, a leading technology investor with decades of experience, to accelerate our growth,” said John Orlando, CEO of Epiq Solutions. “Veritas’ deep network, expertise investing at the intersection of technology and government, and collaborative approach will support our continued investments in product development and our rapid expansion into new markets. We look forward to delivering enhanced, best-in-class, high-performance technology, mission-critical solutions to an expanded customer base in the years to come.”

“Epiq’s contemporary, market-leading open architecture solutions and unwavering commitment to its customers have propelled it to the forefront of the industry,” said Hugh Evans, Managing Partner of Veritas Capital. “With strong customer retention, the company is well positioned to meet the diverse and evolving needs of its customers and to scale its national platform amid strong industry tailwinds. We look forward to partnering with John and the talented team to support the company’s continued growth, both organically and through targeted acquisitions.”

Latham & Watkins acted as legal counsel to Veritas. Raymond James acted as financial advisor to Epiq Solutions and Miles & Stockbridge as legal advisor.

About Veritas Capital
Veritas is a long-standing technology investor with a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software and services, primarily technology and technology-enabled solutions, to government and business customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests, through organic and inorganic means. Using technology to create positive impact in areas vital to life such as national security, healthcare and education is at the core of Veritas. We are proud stewards of national assets, protecting our nation and our allies, improving the quality of healthcare while reducing costs, and advancing our education system.

The Vantage Fund is a $1.8 billion fund targeting middle-market opportunities. The Vantage Fund seeks to leverage Veritas’ integrated platform, unique capabilities and proven intellectual property. For more information, visit

About Epiq Solutions
Epiq Solutions develops state-of-the-art HF tools that provide situational awareness and detailed insights into HF environments. With more than a decade serving governments and businesses and thousands of devices deployed, Epiq Solutions understands speed, cost and performance for mission-critical applications. Epiq’s radically small, state-of-the-art software-defined radios and turnkey RF tools lead the way in minimizing size, weight and power consumption. Visit for more information.

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For Epiq solutions:
Chris Walen
Vice President of Sales

For Veritas Capital:
FGS Global
Jenny Gore / Suzanne Byowitz

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