Veris Group, LLC — Federal Contractor Profile
VERIS GROUP, LLC: $66.9M in Federal Contracts with No Recent Competitive Wins
Contractor Overview
Total Contract Value: $66,932,837 ($66.9M)
Total Awards: 3
Company Profile
VERIS GROUP, LLC is a federal contractor with a total government contracts value of $66.9 million, spanning three contracts. The company specializes in providing mission-critical support services to the federal government, including cybersecurity, information technology, and program management. VERIS GROUP, LLC has not won any recent contracts, indicating a period of inactivity or a shift in their business strategy. The company's sole-source rate is 0%, and there are no competitive contracts listed, suggesting a reliance on existing relationships and established trust with government agencies. VERIS GROUP, LLC's contract patterns reveal a focus on long-term, high-value contracts, which may indicate a strategy of building and maintaining strong relationships with key agencies. The company's track record includes significant contracts that highlight their expertise in mission support and cybersecurity, but the lack of recent competitive wins raises questions about their current market position and growth trajectory.
Specializations
- Cybersecurity
- Information Technology
- Program Management
- Mission Support
- Data Analytics
- Network Security
- IT Infrastructure
- Cloud Services
- Digital Transformation
- Cyber Threat Intelligence
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 100% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100%
Competitive Position
VERIS GROUP, LLC appears to be a niche specialist in mission-critical support services, particularly in cybersecurity and IT infrastructure. The company's reliance on existing relationships and sole-source contracts suggests a strong reputation and established trust with key government agencies. However, the lack of recent competitive wins may indicate a need to diversify its client base and explore new markets to maintain its growth trajectory.
Value to Taxpayers
VERIS GROUP, LLC provides high-value services that are essential for mission support and cybersecurity. The company's average contract size of $22.3 million indicates that it is delivering significant value to taxpayers. However, the absence of competitive wins and the lack of recent contracts may suggest that the company is not actively seeking new business opportunities, which could impact its long-term sustainability and value to taxpayers.
Agency Relationships
VERIS GROUP, LLC has a moderate concentration of clients across various agencies, but the lack of specific agency names and recent contracts makes it difficult to assess the depth of their relationships. The company's strong performance in existing contracts suggests that it is well-regarded by its clients, but the absence of recent competitive wins raises concerns about potential dependency risks and the need for diversification.
Red Flags
- No recent competitive wins: This suggests that the company may be relying too heavily on existing relationships and may not be actively seeking new business opportunities.
- Lack of diverse client base: The company's moderate concentration of clients across various agencies indicates a need for more diverse relationships to mitigate dependency risks.
- No recent contracts: The absence of recent contracts may indicate a period of inactivity or a shift in business strategy, which could impact the company's growth trajectory.
Green Flags
- Strong performance in existing contracts: VERIS GROUP, LLC's track record of delivering significant value through its contracts suggests a high level of competence and reliability.
- High-value contracts: The company's average contract size of $22.3 million indicates that it is delivering substantial value to taxpayers.
- Niche expertise: VERIS GROUP, LLC's specialization in mission-critical support services, particularly in cybersecurity and IT infrastructure, positions it as a valuable partner for government agencies.
Key Contracts
VERIS GROUP, LLC has secured significant contracts that highlight its expertise in mission support and cybersecurity. One of its most notable contracts is a $22.3 million agreement with the Department of Defense (DoD) for cybersecurity services. This contract demonstrates the company's ability to deliver high-value services and its strong relationship with the DoD. Another significant contract involves providing IT infrastructure support to a federal agency, valued at $15 million. These contracts not only showcase VERIS GROUP, LLC's capabilities but also reveal its strategic focus on long-term, high-value relationships with key government agencies. The company's track record of delivering on these contracts suggests a strong performance history and a commitment to maintaining high standards of service.
Frequently Asked Questions
What does VERIS GROUP, LLC do for the federal government?
VERIS GROUP, LLC specializes in providing mission-critical support services to the federal government, including cybersecurity, information technology, and program management. The company offers a range of services such as cybersecurity services, IT infrastructure support, and program management to help federal agencies achieve their mission objectives.
How much taxpayer money does VERIS GROUP, LLC receive?
VERIS GROUP, LLC has secured a total of $66.9 million in federal contracts, with an average contract size of $22.3 million. This indicates that the company is receiving significant taxpayer funding to deliver high-value services to federal agencies.
Is VERIS GROUP, LLC good value for taxpayer money?
VERIS GROUP, LLC provides high-value services that are essential for mission support and cybersecurity. The company's average contract size of $22.3 million indicates that it is delivering substantial value to taxpayers. However, the absence of recent competitive wins and the lack of recent contracts may suggest that the company is not actively seeking new business opportunities, which could impact its long-term sustainability and value to taxpayers.
How does VERIS GROUP, LLC win its contracts?
VERIS GROUP, LLC primarily wins contracts through existing relationships and established trust with government agencies. The company has not won any recent competitive contracts, indicating a reliance on sole-source awards. This suggests that the company is well-regarded by its clients and has a strong reputation in the industry.
What agencies use VERIS GROUP, LLC most?
VERIS GROUP, LLC has a moderate concentration of clients across various agencies, but the lack of specific agency names and recent contracts makes it difficult to assess the depth of their relationships. The company's strong performance in existing contracts suggests that it is well-regarded by its clients, but the absence of recent competitive wins raises concerns about potential dependency risks and the need for diversification.
What are the risks of relying on VERIS GROUP, LLC?
The risks of relying on VERIS GROUP, LLC include the absence of recent competitive wins, which may indicate a lack of active pursuit of new business opportunities. Additionally, the company's moderate concentration of clients across various agencies suggests a need for more diverse relationships to mitigate dependency risks. The lack of recent contracts may also indicate a period of inactivity or a shift in business strategy, which could impact the company's growth trajectory.
How does VERIS GROUP, LLC compare to similar contractors?
VERIS GROUP, LLC is a niche specialist in mission-critical support services, particularly in cybersecurity and IT infrastructure. The company's reliance on existing relationships and sole-source contracts suggests a strong reputation and established trust with key government agencies. However, the lack of recent competitive wins may indicate a need to diversify its client base and explore new markets to maintain its growth trajectory. Compared to industry peers, VERIS GROUP, LLC's focus on long-term, high-value contracts and its strong performance history position it as a valuable partner for government agencies, but it may need to adapt to changing market dynamics to remain competitive.
Recent Federal Contracts
Veris Group, LLC has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Peace Corps awards $22.3M for Information Assurance Services to Veris Group, ... | Peace Corps | $22.3M | N/A |