As oil surges, US stocks drift sideways in another muted day

Major U.S. stock indexes drifted sideways in afternoon trading Monday, as a rally in energy companies was mostly held in check by broader declines elsewhere in the market. Energy sector stocks climbed along with the price of crude oil, which surged after the U.S. government moved to further block Iranian oil exports. The Trump administration said it will no longer exempt any countries from U.S. sanctions if they continue to buy Iranian oil, including China and Japan, the world's second and third largest economies. That helped the price of benchmark U.S. crude touch its highest level since October, and energy stocks in the S&P 500 climbed 1.9%. Communications and technology companies were also headed higher. Most other areas of the stock market were weaker, led by real estate companies. Raw material producers and health care stocks also fell. Homebuilders slumped following a report showing that sales of previously owned U.S. homes fell in March.

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Emerging Technology

OPEXUS Government Process Management Platform eCASE® Attains StateRAMP Moderate Authorization

Business Wire | September 14, 2023

OPEXUS, formerly known as AINS, LLC, and leader in government process management software, today announces it has attained StateRAMP authorization for eCASE®, a built-for-government case management solution that streamlines workflows and accelerates key government processes. StateRAMP was established in 2020 to efficiently verify that service providers meet the cloud security standards required to do business with state and local governments. The StateRAMP verification process, built upon the widely accepted National Institute of Standards and Technology (NIST) Special Publication 800-53 framework, and independently audited by a reputable third-party assessment organization (3PAO), ensures the highest level of security and compliance. Achievement of this authorization underscores the company's dedication to supporting state and local governments with cutting-edge technology that enhances productivity, flexibility, and collaboration. With this certification, OPEXUS will empower state, local, and educational (SLED) agencies to elevate trust in public institutions with dynamic case management and rapid application development technology that was purpose-built for the government. OPEXUS supports public sector human resources teams by providing an umbrella of workforce management tools that include eCASE® EEO/eComplaint and eCASE® ER/LR. The company also offers eCASE® Audit and eCASE® Investigations, case-management tools built specifically for government auditors and investigators. "State and local government agencies experience many challenges keeping pace with private sector advancements in technology, cyber security, and data security software – from long purchasing timelines to budget constraints, but they cannot compromise on security,” said Howard Langsam, CEO of OPEXUS. “By demonstrating our security qualifications through StateRAMP, we are removing one more barrier to these agencies being able to purchase cloud solutions that meet both their operational and security requirements.” In 2014, OPEXUS attained FedRAMP authorization at the moderate level for its eCASE®, eCASE® COTS and FOIAXpress® solutions, including Audit, Investigations, Employee & Labor Relations, and EEO Complaints. The company has also achieved Defense Information Systems Agency Impact Level 2 (DISA IL2), FISMA, NIST 800-53 Revision 4, and FIPS certifications. About OPEXUS Get government unstuck with OPEXUS. OPEXUS is the leader in FedRAMP-certified government process management software with more than 30 years of experience supporting public institutions. The company brings operational excellence to governments’ middle office so agencies can focus on the critical work of mission delivery. OPEXUS empowers 100,000 government users with exceptional technology experiences and a built-for-government product suite, including solutions for audit, investigations, correspondence, Freedom of Information Act (FOIA) requests, and employee and labor relations. Located in the heart of Washington D.C., OPEXUS works with more than 150 public institutions in the US and Canada.

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Cybersecurity

SentinelOne® Extends Power of the Singularity™ DataLake to Federal Agencies

Business Wire | October 10, 2023

Managing and analyzing security data is an overwhelming task - particularly for federal agencies where budgets are tight and cyber talent is in short supply. To help ease the burden, SentinelOne, a global leader in autonomous cybersecurity, is making Singularity™ DataLake, the industry’s most performant security data solution, and only FedRAMP-Authorized offering that unifies visibility, detection, and response across the entire security infrastructure, available through its FedRAMP Authorized platform. Federal Agencies can now easily access the one-of-a-kind cloud-native solution to gain a comprehensive view of their security data and quickly uncover and respond to threats in real-time. “The amount of data that federal agencies are required to collect, store, correlate, and analyze to defend against increasingly sophisticated and malicious attacks is massive and rapidly growing,” said Dale McCloskey, Federal Sales Vice President, SentinelOne. “The Singularity DataLake provides powerful cross-platform security analytics and intelligence they can use to gain the visibility needed to do it.” As the industry’s first and only unified, cloud delivered solution for OMB M-21-31 compliance, the SentinelOne Singularity DataLake combines SentinelOne and third-party security data visibility into a single console. Using the solution, federal cyber analysts can: Seamlessly ingest any data type, structured or unstructured, and fuse it with endpoint, cloud workload and user data to provide comprehensive visibility in a single, unified interface. Efficiently search, query and leverage AI-powered analytics to speed data-driven decisions. Reduce detection and response times to stop attacks faster. Achieve OMB M-21-31 compliance with cost-effective, long-term storage (up to 30 months) across endpoint detection and response (EDR) telemetry as well as other data sources. Retain existing SOC workflows through open, built-in security ecosystem integrations to deliver increased visibility and security context while reducing costs and operational resource burdens. “The future of cybersecurity for federal agencies will be driven by data and the power of analytics to extract actionable and intelligent security insights at scale and with SentinelOne Singularity DataLake, they can deliver it today,” said McCloskey. About SentinelOne SentinelOne is the leader in autonomous cybersecurity. SentinelOne’s Singularity™ Platform detects, prevents, and responds to cyber attacks at machine speed, empowering organizations to secure endpoints, cloud workloads, containers, identities, and mobile and network-connected devices with speed, accuracy and simplicity. Over 11,000 customers, including Fortune 10, Fortune 500, and Global 2000 companies, as well as prominent governments, trust SentinelOne to secure the future today.

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Government Finance

Hexagon US Federal Selects Deltek Costpoint GovCon Cloud Moderate to Deliver Compliant, Secure Accounting Solution

PR Newswire | September 28, 2023

Deltek, the leading global provider of software and solutions for project-based businesses, announced today that Hexagon US Federal, an independent subsidiary of Hexagon Corporation exclusively focused on bringing the broad range of Hexagon technologies to the US Federal government and its partners, has selected Deltek Costpoint GovCon Cloud Moderate (GCCM) as its cloud-based accounting solution, after an extensive review of other options on the market. With multiple offices and hundreds of employees across the US, it was critical that Hexagon US Federal had a best-in-class ERP to support its next phase of growth and digital transformation. Hexagon US Federal had already been trusting Deltek Costpoint for decades to provide a secure, compliant, all-in-one accounting solution. When it was time for Hexagon US Federal to move to the cloud to automate business processes, integrate business application systems and alleviate on-premise costs, the company reviewed multiple solutions on the market. Costpoint GovCon Cloud Moderate was the company's clear choice for a robust, cloud-based solution to facilitate an overall digital transformation. Costpoint offered a lower total cost of ownership, with the ability to improve scalability and security, while streamlining back-office processes with built-in functionality without requiring multiple third-party integrations for reporting. Deltek Costpoint is the government contracting industry's leading solution that delivers more innovation and greater intelligence at every stage of the project lifecycle. It centralizes the management of projects, people and finances, and scales seamlessly as needs grow, enabling small to enterprise size businesses to win new contracts, manage project profitability and improve customer satisfaction. Additionally, the integrated cloud offering enables the secure storage of contract data and is consistently enhanced through cybersecurity compliance controls equivalent to NIST SP 800-171 and NIST SP 800-53. Costpoint GovCon Cloud Moderate provides additional protections by supporting compliance with federal contract regulations including DFARS 252.204-7012 (protection of CUI and CDI data), ITAR data protection, and the anticipated CMMC requirements. "When I look at the possibilities with Costpoint, there is nothing else on the market that compares to it for government contractors. There just isn't," said Becky Harris, Chief Financial Officer at Hexagon US Federal. "Compliance was a significant factor in our decision. As a federal contractor, Hexagon is required to protect sensitive data and be prepared for audits of our data security practices. Deltek's GCCM cloud has implemented very stringent cybersecurity controls that will help us achieve our compliance requirements, including CMMC, while facilitating a cloud-based, cradle-to-grave lifecycle of core back-office business processes with all the data integrations." "We're proud to have built a product that, time and time again, is proven to be the gold standard for government contractors," said Todd Walker, Vice President of Product Management at Deltek. "We're thrilled that Hexagon US Federal has decided to continue leveraging Deltek Costpoint – after reviewing it against our competitors – to provide the company with the best of both innovation and compliance as they make the shift to the cloud." About Hexagon US Federal Hexagon US Federal is a independent subsidiary of Hexagon Corporation, home of over 24,000 employees in 50 countries, focused on bringing Hexagon technologies to the US Federal government and its partners. They provide innovative technologies and professional services to a broad range of US Government customers across the Federal Civilian, Defense, and Intelligence Communities. Headquartered in Chantilly, Virginia with offices in Huntsville, Alabama, St. Louis, Missouri, and Lexington Park, Maryland, Hexagon US Federal has over 480 employees dedicated to the success of national security priorities and ensuring the effectiveness for Civilian agencies. About Deltek Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com.

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