Gynger and Ignyte Team Up to Address Funding Gaps for Federal Government Contractors

October 30, 2024: Gynger, the leading flexible payments provider, and Ignyte Assurance Platform, a US public sector company focused on compliance automation, are forming a partnership to help public sector national security startups access the compliance tools they need to secure and sustain valuable government contracts. This partnership will connect Gynger’s flexible payment options to Ignyte’s existing and potential customers, giving approved businesses access to their comprehensive suite of compliance management solutions without upfront costs.

The steep cost of cybersecurity compliance, combined with limited access to government funding, places a daunting financial strain on the small-to-medium sized cybersecurity businesses that contract with the federal government. By strategically partnering with Gynger, Ignyte ensures that these customers along the DoD supply chain can strategically conserve cash and avoid funding cliffs while continuing to innovate and maintain DoD readiness.

"We're excited to announce our partnership with Gynger” commented Max Aulakh, CEO of Ignyte. “This partnership marks a significant step in providing our military and defense industrial base customers with greater financial flexibility, empowering them to focus on growth.” 

Gynger provides technology vendors like Ignyte the opportunity to extend turnkey flexible payment options to their customers without hindering access to their mission-critical products. At the same time, their customers unlock non-dilutive capital and cash-flow management tools necessary to pay their technology bills and manage their expenses. 

“Flexible financing solutions are critically important for government contractors that rely on public funding,” said Mark Ghermazian, Gynger’s Founder and CEO. “Gynger is proud to partner with Ignyte to ensure companies contracting with the federal government on matters of national security have the tools and financial flexibility that they need to remain DoD compliant and continue to innovate for the public good.”

‍“Businesses along the DoD supply chain struggle to keep up with heavy compliance standards such as FedRAMP, CMMC, and various defense cyber approvals required by the US Government,” said Max Aulakh, CEO of Ignyte. “Together with Gynger, we're delivering a tailored solution that adapts to the unique financial needs of the defense industrial base, making it easier than ever to access our services on their terms.”

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About Ignyte:

Ignyte Assurance Platform is an integrated Governance, Risk, and Compliance solution that solves the challenges facing multi-regulatory environments at a high scale with continuous operational security data feeds. Its AI-enabled risk management software is designed to help Chief Information Security Officers (CISOs) manage cyber & regulatory risk and meet multiple regulations at once by leveraging language and intent matching. It maximizes resource time, produces real-time reports, automates the evidence-collection processes, and increases overall trust in the organization’s regulatory compliance response. As a result, it has reportedly improved the efficiency and GRC efforts of organizations in healthcare, defense industrial base, and other industries. Ignyte was awarded a Technology Validation and Start-Up Fund grant in 2024 to help advance work on a 5-year US Air Force CRADA (Cooperative Research & Development Agreement) and a US Navy Patent License Agreement that it holds. For more information, visit www.ignyteplatform.com.

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About Gynger:

Gynger is the embedded financing platform for buyers & sellers of technology. Gynger for Buyers enables businesses to purchase the technology needed to scale now, while paying for it later. Gynger for Vendors equips the revenue teams of leading technology vendors with a seamlessly integrated sales acceleration tool that enables them to instantly offer flexible payment term options to their customers, while still getting paid upfront by Gynger. For more information, visit www.gynger.io