CoreStack acquires Karthik Consulting to accelerate Federal Market Growth

21.11.2024 - 06:02:33

Business Wire India

CoreStack Inc., a leading provider of AI-powered multi-cloud governance solutions, today announced its acquisition of Karthik Consulting LLC (KC), a Virginia-based Technology Service Provider specializing in cloud and cyber security, DevSecOps, and IT systems integration for the US federal government.

The acquisition signifies a monumental leap in CoreStack's expansion into the federal sector fortifying their standing as a trailblazer in the rapidly expanding Cloud-Native Application Protection Platform (CNAPP) market.

Karthik Consulting, founded in 2008, has been a cornerstone of trust and innovation for numerous federal agencies. Offering sophisticated IT and Security solutions compliant with strict federal mandates such as FISMA, RMF, and executive orders, KC boasts a dedicated team of 125 professionals. Their unparalleled security expertise in managing critical federal programs is now a part of CoreStack’s arsenal.

This strategic acquisition aligns seamlessly with CoreStack’s vision to harness KC's Software Factory capabilities—a pioneering continuous Authority to Operate (cATO) system supporting secure DevSecOps pipelines. This synergy enhances CoreStack’s prowess in delivering secure, AI-driven solutions tailored to the unique needs of federal and enterprise customers.

Ezhilarasan Natarajan, CEO of CoreStack Inc., enthusiastically notes: "This acquisition is a strategic alignment of values and expertise that will significantly enhance CoreStack’s leadership in the rapidly growing CNAPP market. By combining Karthik Consulting’s deep-rooted experience in federal IT and security systems with CoreStack’s innovative cloud governance platform, we are advantageously positioned to redefine how federal agencies manage and secure their cloud environments. Together, we will unlock unparalleled value for our customers, including regulated industry commercial segments, ensuring they stay ahead in the rapidly evolving cloud landscape."

Karthik Balasubramanian, CEO of Karthik Consulting, expresses excitement: "Joining forces with CoreStack marks a new chapter for Karthik Consulting. Over the years, we’ve built a legacy of trust and innovation in the federal space, and this partnership will amplify our ability to deliver best-in-class and scalable cloud security solutions to the US public sector. CoreStack’s vision and deep understanding of cloud governance resonate deeply with our mission, and I’m excited about the opportunities ahead as we serve our federal customers with even greater impact. Together, we will help them navigate the complex security challenges and meet all required federal mandates."

CoreStack is a global leader in cloud governance, providing AI-powered solutions to optimize cloud operations, enhance compliance, and improve security. Trusted by government and enterprise customers worldwide, CoreStack enables organizations to unlock the full potential of their cloud investments. The CoreStack platform is used by large global enterprises and is backed by industry-leading investors.

About Karthik Consulting: KC, a Virginia-based GovCon company founded in 2008, has a proven track record of delivering innovative cloud security solutions to federal agencies and an in-depth understanding of the public sector’s unique security and compliance requirements. KC has achieved the milestone of building the first "continuous Authority to Operate" (cATO) system for the DHS USCG, a testament to its forward-thinking approach and technical excellence, KC's customers include: US Navy, Air Force, Space Force, Army, JAIC, FDIC, DHS HQ, S&T, USCG, FEMA, TSA, USCIS, ICE, CISA, and the Dept of Commerce.