U.S. government agencies are looking everywhere they can to cut costs -- including the cost of information technology. Tight budgets will be the dominating factor in federal IT procurement over the next several years -- at least. Yet in the face of budget discipline -- and even slightly projected declines in spending -- two venture capital companies see great promise in the federal IT market. Madison Dearborn Partners and CoVant have created a joint vehicle "to identify and secure equity investments in the federal government technology services and solutions market." 
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DIGITAL JUICE
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