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Investments

1

Portfolio Exits

1

About Civitas Group

Civitas Group is a strategic advisory and investment firm serving the homeland and national security markets. Civitas' advisory clients include top-tier government technology integrators, security services providers, global technology companies, early stage companies with promising technologies, governments, and private investment firms. The firm has helped numerous companies and technology providers with their strategic approach to the security market. In addition to assisting corporate clients, Civitas provides advice and assistance in the development of government agency plans, policies and programs and is a trusted advisor to senior-level U.S. policy makers. The firm's Managing and Advisory Boards are comprised of figures on the homeland and national security and finance sectors.

Civitas Group Headquarter Location

2020 K Street, NW Suite 400

Washington, DC, 20006,

United States

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Latest Civitas Group News

Robotic Assistance Devices Receives Opening Order From Civitas Group, RAD’s Recently Signed Dealer in Romania

Jan 13, 2021

January 13, 2021 09:00 AM Eastern Standard Time HENDERSON, Nev.--( BUSINESS WIRE )--Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices (RAD) has received an opening purchase agreement from Civitas PSG , one of the largest security companies in Romania for (2) RAD devices. “We have successfully generated a high level of interest and we are excited to physically demonstrate these devices to a number of clients,” said Rene Pasculescu, CEO at Civitas Group. “The response and enthusiasm has been tremendous, and we expect this should be the first of many orders.” “Supporting Civitas in and around Romania is the perfect entry for RAD into the EU,” said Steve Reinharz, President and CEO of RAD. “I’m very pleased to be starting our European expansion with such a strong partner.” The companies disclosed that a RAD SCOT and ROSA unit would be the initial solutions deployed by Civitas. SCOT, short for Security Control Observation Tower, performs a wide variety of autonomous security, surveillance and concierge functions, providing a 360° field of view from its (4) cameras mounted nearly 7’ from the ground, along with a 22” interactive, web-enabled, touch-screen. RAD’s ROSA, Responsive Observation Security Agent, is commonly installed on a light pole or against a wall, providing autonomous responses activated by its (2) cameras and 180° field of view. It is anticipated that both units will be delivered to Civitas within the next 60–90 days. CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

Civitas Group Investments

1 Investments

Civitas Group has made 1 investments. Their latest investment was in Verified Identity Pass as part of their Series B on October 10, 2003.

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Civitas Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/20/2003

Series B

Verified Identity Pass

Yes

Date

10/20/2003

Round

Series B

Company

Verified Identity Pass

Amount

New?

Yes

Co-Investors

Sources

Civitas Group Portfolio Exits

1 Portfolio Exit

Civitas Group has 1 portfolio exit. Their latest portfolio exit was Civitas Group Homeland Security and Private Sector Preparedness Unit on March 26, 2012.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/26/2012

Divestiture

1

Date

3/26/2012

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Civitas Group Team

4 Team Members

Civitas Group has 4 team members, including former President, Penrose Parney Albright.

Name

Work History

Title

Status

Penrose Parney Albright

Lawrence Livermore National Laboratory, U.S. Department of Homeland Security, and Defense Advanced Research Projects Agency

President

Former

Gavin Long

Managing Director

Former

David White

Managing Director

Former

Jeffrey Wright CISSP MEP

Bank of America, Fleet Bank, Aveshka, Dynetics, U.S. Department of Homeland Security, and U.S. Army

Managing Director

Former

Name

Penrose Parney Albright

Gavin Long

David White

Jeffrey Wright CISSP MEP

Work History

Lawrence Livermore National Laboratory, U.S. Department of Homeland Security, and Defense Advanced Research Projects Agency

Bank of America, Fleet Bank, Aveshka, Dynetics, U.S. Department of Homeland Security, and U.S. Army

Title

President

Managing Director

Managing Director

Managing Director

Status

Former

Former

Former

Former

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