Budget Deficit to Break $1 Trillion Despite Strong Economy

US News | January 28, 2020

An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to help finance the Affordable Care Act. Those have combined to deepen the government's deficit spiral well on into the future, with trillion-dollar deficits likely for as far as the eye can see. The annual CBO update of the government's economic and fiscal health estimates a $1 trillion deficit for the ongoing fiscal year, which would bring the red ink above $1 trillion for the first time since 2012, when former President Barack Obama capped four consecutive years of $1 trillion-plus budget deficits. The government, slated to spend $4.6 trillion this year, would have to borrow 22 cents of every dollar it spends.

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Recognizing that drug testing is vastly underutilized throughout health care, the American Society of Addiction Medicine (ASAM), the nation's largest organization of physicians specializing in the prevention and treatment of addiction, has produced this White Paper to highlight the wide range of applications in which drug testing can promote prevention, early detection, and lifelong recovery from addiction in the interests of individual and public health. This paper describes the uses of drug testing as a primary prevention, diagnostic, and monitoring tool to identify the presence or absence of drugs of abuse or therapeutic agents related to addiction management in multiple settings.

Spotlight

Recognizing that drug testing is vastly underutilized throughout health care, the American Society of Addiction Medicine (ASAM), the nation's largest organization of physicians specializing in the prevention and treatment of addiction, has produced this White Paper to highlight the wide range of applications in which drug testing can promote prevention, early detection, and lifelong recovery from addiction in the interests of individual and public health. This paper describes the uses of drug testing as a primary prevention, diagnostic, and monitoring tool to identify the presence or absence of drugs of abuse or therapeutic agents related to addiction management in multiple settings.

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GOVERNMENT BUSINESS

Four Inc. Collaborates with Synopsys as Federal Aggregator

Four Inc. | June 01, 2022

Synopsys, Inc. has named Four Inc. as a federal aggregator. As part of Four Inc.'s boutique aggregation program, Four Inc. will deliver Synopsys Software Integrity Group application security solutions to the federal government through its government contract vehicles and network of channel partners. The program includes multi-year financial solutions and as-a-service products to support and develop Synopsys' government business. Our agreement with Four Inc. is a milestone that will help expand the Synopsys portfolio's reach within the Federal IT ecosystem via a trusted federal aggregator. Broadening our business through the channel is one of our top strategic priorities. This agreement signals the continued momentum and growth we expect by further extending our world-class application security solutions through the channel in the Federal space moving forward." Tom Herrmann, vice president of global channels and alliances within the Synopsys Software Integrity Group Synopsys has been named a six-time Gartner® Magic QuadrantTM Leader for Application Security Testing, a three-time Forrester WaveTM Leader for Software Composition Analysis, and a two-time Forrester WaveTM Leader for Static Application Security Testing. The Synopsys Software Integrity Group assists development teams in producing safe, high-quality software while minimizing risks and increasing productivity. Synopsys is a well-known leader in application security. Its static analysis, software composition analysis, and dynamic analysis tools help teams quickly find and fix vulnerabilities and problems in proprietary code, open source components, and application behavior. Jeff Nolan, Four Inc.’s COO, avers that their government customers are more vulnerable to sophisticated cyber assaults that target vulnerabilities in source code development and network-based applications. They say Synopsys is a great fit for their boutique aggregation platform of services, and they are delighted to work with them. They are also happy to be able to offer their channel partners and government clients Synopsys application security testing solutions that are made to stop these threats.

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GOVERNMENT BUSINESS

Carahsoft Named Dell 2022 Federal Partner of the Year

Carahsoft | June 13, 2022

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, announced that it has been named the 2022 Federal Partner of the Year for “Excellence in Engagement” by Dell Technologies. This award was presented to Carahsoft at Dell Technologies World recognizing Carahsoft’s dedicated sales, integrated marketing, and overall quest to best serve customers alongside Dell. We are honored to be recognized as Dell’s Federal Partner of the Year. With the support of our reseller partners, our dedicated Dell team is committed to driving value through customer and reseller education, implementing strategic marketing campaigns, and coming up with new ways to interest our customers in the power of Dell. We look forward to continuing this momentum and building upon this successful partnership.” Maryam Emdadi, Vice President, Carahsoft Carahsoft became an authorized distributor for Dell in 2017 after many successful years working with the company. Carahsoft works closely with Dell Technologies to develop and implement marketing initiatives, such as the Dell Partner Webinar Series, which trains and empowers hundreds of customers and partners on the capabilities of Dell’s industry-leading technology. Over the past five years, Carahsoft has grown to become Dell’s largest Federal Distributor. Carahsoft and our reseller partners remain committed to furthering Dell’s business momentum and driving value for customers. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles.

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GOVERNMENT BUSINESS

SES Completes $450 Million Acquisition of DRS Global Enterprise Solutions Doubling US Government Business

SES | August 02, 2022

SES and its wholly-owned subsidiary SES Government Solutions (SES GS) today announced the completion of the acquisition of DRS Global Enterprise Solutions (GES) from Leonardo DRS for $450 million after obtaining all the necessary regulatory approvals. The DRS GES business will be combined with SES GS to create a scaled solutions provider serving the multi-orbit satellite communications needs of the US Government and supporting missions anywhere on land, at sea, or in the air. With the combined businesses operating as SES Government Solutions, the new organization will comprise a cross-functional workforce with deep technical expertise and a proven ability to integrate and manage multi-orbit geostationary and medium earth orbit (MEO) services as well as multi-operator network solutions. In particular, SES GS will offer highly flexible second-generation MEO services – via SES’s soon-to-be launched O3b mPOWER system – with a unique combination of low latency and high throughput per terminal for high-value missions, to an expanded government customer base. SES GS will also leverage essential tools and expertise in cybersecurity operations, customer support, governance and compliance. The combined business will continue to serve US Government customers under the direction of the SES GS Proxy Board of Directors. The consolidation of DRS GES with SES GS is expected to unlock $25 million of annualized run-rate synergies, with government becoming SES’s largest data business segment in terms of revenue. The combined business will be led by David Fields, who assumes responsibilities on August 1, 2022 as appointed by the SES GS Proxy Board. Fields has over 30 years of experience in the satellite communications and information technology (IT) services industries, and joins SES GS from DRS GES. He succeeds Brigadier General Pete Hoene, USAF (Retired), who, after 11 years at the helm of SES GS and decades of dedicated service in the satellite communications arena, will take his retirement. “I am extremely excited about the potential that this combination unleashes, reinforcing our commitment to provide best-in-class satellite network solutions to the US Department of Defense customers, We are delighted to welcome Fields, who comes to SES GS with extensive knowledge and expertise in the satellite communications industry and a demonstrated record of achievement in the US Government sector. Well-respected by industry partners and customers, he has developed deep and trusted relationships with many US Government agencies, and we anticipate David to build on his success through his leadership of the combined business. We would also like to take this opportunity to thank Pete Hoene, whose leadership has resulted in SES GS achieving outstanding growth rate of over 30% in just the last five years. We wish him all the best in his well-earned retirement.” -Brigadier General Billy Bingham, USAF (Retired), Chairman of the SES GS Proxy Board. I am excited to join SES GS and honored to lead the combined team where we will be delivering best-in-class solutions and state-of-the-art multi-orbit satellite networking capabilities, said David Fields, President and CEO of SES GS. SES GS will be significantly expanding its differentiated value proposition for the US Government, with a trusted multi-operator network integration and service management solutions. The breadth of our capabilities, now spanning both connectivity and integration, allows for building, managing and supporting the most advanced satellite networks solutions for our US Government customers. About SES: SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over ~8,200 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. About SES Government Solutions: SES Government Solutions (SES GS) is a wholly-owned subsidiary of SES, the leader in global content connectivity solutions, and is exclusively focused on building, managing, and supporting the most advanced satellite network solutions for the US Government. SES GS leverages a proven multi-operator network integration and management capability, an extensive global terrestrial network, as well as access to SES’s multi-orbit satellite fleet. It also offers US Department of Defense customers the essential tools in cybersecurity for mission-critical operations, coupled with a proven track record in governance and compliance. SES GS operates under a proxy board, enabling it to support classified projects, and it has been present in the US Government satcom market for over four decades.

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