Betsy DeVos and family see profits soar after Trump tax reform bill, deregulation efforts

CNBC | July 22, 2019

Business leaders and their companies have profited royally off of President Donald Trump’s pro-business policies. Secretary of Education Betsy DeVos and her family are among the groups that have seen an income boon of millions through their own investments since Trump’s tax reform plan was signed, according to her latest annual financial disclosure report. In 2018, DeVos’ total income had a valuation of at least $33 million through assets listed on her most recent public filing. The valuation of those assets was between about $200 million and $600 million.

Spotlight

The Surrey Community Energy & Emissions Plan (CEEP) tackles the twin challenges of climate change and energy insecurity. It provides long-term direction with a 2040 horizon as well as short-term actionable strategies that support the City’s Sustainability Charter and reinforce diverse core community priorities. Over the period of this Plan from 2007 to 2040, Surrey’s population will rise from 447,000 to 740,000. By mid-century, Surrey will be BC’s largest city. The City’s rapid growth and sheer size make it the single largest municipal player shaping future building and transportation energy demand and waste volumes in the Province.

Spotlight

The Surrey Community Energy & Emissions Plan (CEEP) tackles the twin challenges of climate change and energy insecurity. It provides long-term direction with a 2040 horizon as well as short-term actionable strategies that support the City’s Sustainability Charter and reinforce diverse core community priorities. Over the period of this Plan from 2007 to 2040, Surrey’s population will rise from 447,000 to 740,000. By mid-century, Surrey will be BC’s largest city. The City’s rapid growth and sheer size make it the single largest municipal player shaping future building and transportation energy demand and waste volumes in the Province.

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GOVERNMENT BUSINESS

Godspeed Capital Acquires Exceptional Software Strategies, Inc.

Godspeed Capital | January 15, 2022

Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today announced the successful acquisition of Exceptional Software Strategies, Inc. (“ESS” or the “Company”), a leading provider of information technology solutions to mission-oriented Federal agencies, including members of the Intelligence Community and Department of Defense agencies. The financial terms of the transaction were not disclosed. ESS boasts a 25-year history of successfully integrating mission-critical information technology solutions across the Intelligence Community. The Company provides core capabilities in cyber, software and systems engineering, and geographic information systems, and works with a broad array of Intelligence Community and Federal agencies with critical National Security missions, including a strong presence in Fort Meade, Maryland. Nearly each of the Company’s seasoned engineers across its dynamic team holds the highest-level of security clearance. By developing, testing, and deploying solutions to mitigate and combat threats across emerging areas of critical importance such as blockchain, cloud computing and storage, data analytics, and artificial intelligence, ESS is critically focused on leading the next frontier of cyber-protection and innovation. The newly acquired ESS will join Godspeed Capital’s recently formed high-end cyber and technology solutions platform holding company, designed to provide U.S. Defense and Intelligence Community agencies with a full suite of solutions to combat an increasing and ever-evolving level of cybersecurity and intelligence threats. Paul Stasko, Founder & President of ESS, said, “Godspeed Capital brings an exceptional amount of government-related expertise, know-how, and vision to the table, as well as a deep understanding of our core Intelligence Community customer set. We are excited to be joining Godspeed as part of a broader, better resourced and scalable platform strategy and look forward to collaborating with like-minded providers as we continue to enhance our collective solutions to meet the increasingly complex and evolving needs of the U.S. Intelligence Community.” “We are thrilled to partner with ESS, the go-to provider of mission critical solutions and services to the Intelligence Community and other Federal agencies. Through their unparalleled knowledge and experience with existing and legacy infrastructure, data flows, and processes, ESS is uniquely positioned to shape the future of mission critical technology and data protection requirements. The increased scale and profitability of the combined platform coupled with additional capital and resources from Godspeed will allow us to invest more in technology innovation, talent acquisition, and corporate infrastructure as we move forward. We look forward to accelerating the Company’s growth initiatives.” Douglas T. Lake, Jr., Founder & Managing Partner of Godspeed Capital About Exceptional Software Strategies, Inc. Founded in 1996 and headquartered in Linthicum Heights, Maryland, ESS is a professional services company providing information technology solutions to mission-oriented Intelligence Community and Department of Defense agencies. ESS offers core capabilities in cyber, software and systems engineering, and geographic information systems with a strong presence in Fort Meade, Maryland, but also with select Department of Defense agencies, and extensive past performance with a broad array of other Intelligence Community and Federal agencies with National Security missions. About Godspeed Capital Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations.

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GOVERNMENT BUSINESS

Oracle Cloud Marketplace Now Available to U.S. Government Customers

Oracle | January 28, 2021

The Oracle Cloud Marketplace is currently accessible for U.S. government customers, empowering offices to completely computerize the arrangement of guaranteed arrangements straightforwardly on Oracle Cloud Infrastructure (OCI). Government customers can now effectively send applications from a developing library of Oracle and outsider autonomous programming merchants (ISVs) to help uphold their hierarchical objectives and serve the necessities of constituents. Oracle Cloud Marketplace is a unified vault of big business applications accessible in Oracle Cloud Infrastructure Government Cloud. Customers hoping to move or stretch out outstanding burdens from on-premises to Oracle Cloud Infrastructure can undoubtedly find and send arrangements offered in Oracle Cloud Marketplace. Oracle Cloud Marketplace is an all in one resource for Oracle customers looking for believed business applications offering extraordinary business arrangements, including those that broaden Oracle Cloud Applications. Customers can interface and broaden their server farm organization, just as ensure their outstanding tasks at hand past Oracle Cloud local security choices, without requiring huge arrangement, mix, or business measure changes. "Government customers rely on Oracle Cloud to run application workloads in highly available hosted environments," said Scott Twaddle, vice president, regulated markets, Oracle Cloud Infrastructure. "The availability of Oracle Cloud Marketplace allows government customers to automate the provisioning of Oracle applications and databases as well as third-party software. This simplifies migrations from on-premises environments to the cloud, dramatically reducing deployment times to hours, instead of days or weeks." Oracle Cloud Marketplace has acquired approval from the Federal Risk and Authorization Management Program (FedRAMP), the public authority program that sets the norm for surveying, approving, and checking cloud frameworks' security. The accreditation guarantees government customers that Oracle Cloud Marketplace fulfills the most elevated guidelines of security and consistence. Oracle Cloud Infrastructure has also achieved FedRAMP JAB P-ATO Accreditation for Oracle Cloud Infrastructure Compute Service, Object Storage Service, Block Storage Service, Database Cloud Service, Exadata Cloud Service, Key Management Service, Virtual Cloud Networks, FastConnect, Load Balancing as a Service, Identity and Access Management, and Auditing. About Oracle We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data.

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GOVERNMENT FINANCE

Tyler Technologies Extends 22-Year Contract for Digital Government and Payment Solutions in the State of Utah

Tyler Technologies | December 01, 2021

Tyler Technologies, Inc. today announced that the state of Utah has signed a multi-year contract extension for Tyler’s digital government and payments services. The two-year agreement expands upon the existing 22-year relationship with Tyler’s subsidiary, NIC. “For 22 years, we have worked closely with state and local government entities across Utah to provide constantly-evolving and award-winning digital government and payment services that drive innovation, convenience and adoption. We could not be more pleased to continue that critical work in 2022 and beyond as we expand technology’s role in government.” Elizabeth Proudfit, president of Tyler’s NIC Division NIC Utah designed, hosts, and manages the state’s official website, Utah.gov, in partnership with the state and is a trusted partner to 56 Utah government entities delivering online services and information. In 2020 alone, NIC Utah securely processed nearly 57 million online transactions and more than $400 million on behalf of its Utah government partners. Also in 2020 in response to the pandemic, NIC Utah deployed a chatbot to provide rapid responses to questions and concerns about COVID-19. Most recently, Utah finished second overall among states in the 2021 State Government Experience awards, presented by the Center for Digital Government. Utah has placed in the top three of the overall awards in every year it has been eligible since 2006, including first place finishes in 2007, 2009, 2017, and 2018. About Tyler Technologies and NIC Acquired by Tyler Technologies on April 21, 2021, NIC is a leader in digital government solutions and payments, partnering with government to deliver user-friendly digital services that make it easier and more efficient to interact with government. NIC and Tyler are united in their mission to empower public sector entities to operate more efficiently and connect more transparently with their constituents and with each other. Tyler has more than 37,000 successful installations across more than 12,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been named to Government Technology's GovTech 100 list five times and has been recognized three times on Forbes' "Most Innovative Growth Companies" list.

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