What is VariQ?
VariQ is a Small Business Administration-approved Mentor-Protégé HUBZone Joint Venture, formed between VariQ (mentor) and Conviso (protégé). Operating under the CIO-SP3 Small Business GWAC IDIQ, VariQ-CV JV is positioned to deliver a wide array of IT solutions and services to government entities, particularly supporting the National Institutes of Health (NIH) and the National Information Technology Acquisitions and Assessment Center (NITAAC). The joint venture's capabilities span critical areas including IT services for biomedical research and healthcare, Chief Information Officer support, IT operations and maintenance, integration services, and critical infrastructure support, leveraging a contract with a program ceiling of $20 billion.
How much funding has VariQ raised?
VariQ has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in VariQ
PPP
Public-Private Partnership
What's next for VariQ?
The recent major strategic investment into VariQ signals a pivotal moment for the company, likely enabling expansion of its service offerings and market reach within the government IT sector. This infusion of capital is expected to bolster its capabilities in fulfilling complex IT requirements for agencies like the NIH. The company's focus on HUBZone initiatives and its strategic joint venture structure position it for continued growth and success in securing and executing large-scale government contracts.
See full VariQ company page
