Core Technologies, Inc, a Norcross-based telecommunications and information technology company, has partnered with Spectrum Enterprise in a deal to enhance services to government agencies.
As part of the deal, Spectrum invested $8.5 million in Core Technologies in exchange for equity, according to an Oct. 28 form D filing with the Securities and Exchange Commission and a Nov. 12 press release. Core Technologies President Debbie Binette confirmed that filing stemmed from this deal with Spectrum.
Spectrum Enterprise, a subsidiary of Charter Communications Inc. (Nasdaq: CHTR), partnered with Core Technologies because of the company’s 15-year Enterprise Infrastructure Solution contract with the federal government. The contract is worth $50 billion and provides federal agencies with telecommunications, infrastructure and information technology services. Spectrum will be an authorized subcontractor.
The deal aims to help Spectrum expand into the federal market and allows Core Technologies to offer more services, including Spectrum’s fiber network.
“With our established partnership with Spectrum Enterprise and the strength of our combined teams, services and solutions portfolios, Core Technologies is even more competitively positioned to help government agencies modernize their IT infrastructure and improve service to the public,” Binette said in the press release.
Core Technologies is one of 10 companies awarded the federal contract in 2017. Core Technologies is the only woman-owned small business on the contract, said Rachel Schildgen, the senior proposal manager at the company.
“This recent flurry of activity by the agencies has underscored the need for a strong partnership like that between Core and Spectrum so that we can offer our combined experience and solutions,” Schildgen said.
Core Technologies was founded in 1998 and focuses on carrier services, audio and visual communications, wire and cable infrastructure and security. It has more than 20 years of experience working in government, Schildgen said.
