China's 21% plunge in exports shows weakening global economy

CNN BUSINESS | March 08, 2019

China's huge export industry has suffered its worst month in three years, hurt by the trade war with the United States and a slowing global economy. Chinese exports plunged 21% in February from a year earlier, according to Chinese government data released Friday. It was the weakest monthly performance since February 2016 and far worse than economists had predicted.

Spotlight

The Census of Governments is the most comprehensive, comparable, and precise measure of government economic activity. It identifies the scope and nature of the nation’s public sector and provides authoritative benchmark figures of public finance, pensions, and employment. It classifies the complex and diverse state and local government organizations, powers, and activities, and measures federal, state, and local fiscal relationships.

Spotlight

The Census of Governments is the most comprehensive, comparable, and precise measure of government economic activity. It identifies the scope and nature of the nation’s public sector and provides authoritative benchmark figures of public finance, pensions, and employment. It classifies the complex and diverse state and local government organizations, powers, and activities, and measures federal, state, and local fiscal relationships.

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GOVERNMENT BUSINESS

SuperCom Announces New Wyoming Government Electronic Monitoring Contract

SuperCom | January 10, 2022

SuperCom , a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, announced today that it has secured a new electronic monitoring contract in Wyoming. The contracting agency is an Adult and Juvenile Probation Agency and plans to use SuperCom's PureTrack GPS smartphone products to monitor their case load for location compliance. The contract is structured as a recurring per unit per day lease model, with billing at the end of each month. "We are pleased to start 2022 with another government contract win and expansion into another US state. This is our first customer in Wyoming and adds to a diverse mix of government agencies around the world in our customer base. PureTrack continues to prove its flexibility in serving adult, juvenile, direct government and channel sales markets across the US and Europe." Ordan Trabelsi, President and CEO of SuperCom "With each new customer, we demonstrate further that our proprietary hardware, software and services continue to fill unmet needs in the criminal justice market. The design of our solutions allows us to not only grow our share within the market but also expand the market by introducing unique features that improve public safety, officer convenience, and recidivism rates," Ordan concluded. SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life. About SuperCom Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

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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

Databricks Receives FedRAMP High Authority to Operate Across Public Sector

Databricks | November 27, 2020

Databricks, the Data and AI Company, today declared that Microsoft Azure Databricks has gotten a Federal Risk and Authorization Management Program (FedRAMP) High Authority to Operate (ATO). This approval approves Azure Databricks security and consistence for high-sway information investigation and AI over a wide scope of public area, industry, and endeavor use cases. FedRAMP is a normalized way to deal with security evaluation, approval, and nonstop checking for cloud administrations as characterized by the National Institute of Standards and Technology (NIST). The ATO was allowed by the FedRAMP Joint Authorization Board (JAB) which comprises of delegates from the Department of Defense (DoD), Department of Homeland Security (DHS), and the General Services Administration (GSA). "At Veterans Affairs, we included Azure Databricks as part of our Microsoft Azure Authority to Operate (ATO)," said Joseph Fourcade, Lead Cyber Security Analyst, U.S. Department of Veterans Affairs Enterprise Cloud Solutions Office (ECSO). "When Databricks received FedRAMP High approval, we were able to move quickly to inherit that same Azure ATO and approve Azure Databricks for production workloads. Timing couldn't have been better, as we have been working with a number of VA customers implementing Databricks for critical programs." "Numerous federal agencies are looking to build cloud data lakes and leverage Delta Lake for a complete and consistent view of all their data," said Kevin Davis, VP, Public Sector at Databricks. "The power of data and AI are being used to dramatically enhance public services, lower costs and improve quality of life for citizens. Using Azure Databricks, government agencies have aggregated hundreds of data sources to improve citizen outreach, automated processing of hourly utility infrastructure IoT data for enabled predictive maintenance, deployed machine learning models to predict patient needs, and built dashboards to predict transportation needs and optimize logistics. FedRAMP High authorization for Azure Databricks further enables federal agencies to analyze all of their data for improved decision making and more accurate predictions." "We are pleased to add Azure Databricks to our portfolio of services approved for FedRAMP at the high impact level in Microsoft Azure Government," said Lily Kim, General Manager of Azure Government at Microsoft. "Azure Government provides the most trusted cloud for mission-critical government workloads. FedRAMP High approval for Azure Databricks enables government customers to build fast and reliable data lakes for innovative new use cases, such as risk management and predictive analytics." With this certification, clients would now be able to utilize Azure Databricks to handle the U.S. government's generally touchy, unclassified information in distributed computing conditions, including information that includes the insurance of life and monetary resources. From customized medical care and instruction to space investigation and energy research, Azure Databricks empowers associations to quicken new development while limiting danger when working with exceptionally touchy, private and public area information. With FedRAMP, associations have a steady method to assess the security of cloud arrangements utilizing NIST and FISMA characterized principles. FedRAMP offers a few degrees of affirmation and Azure Databricks has met the entirety of the necessities for approval for the most significant level of confirmation. Sky blue Databricks gets numerous other Azure administrations together with the FedRAMP High approval, empowering public area, undertaking and industry vertical clients to make and send cloud-based applications with certainty. About Databricks Databricks is the data and AI company. Thousands of organizations worldwide — including Comcast, Condé Nast, Nationwide and H&M — rely on Databricks' open and unified platform for data engineering, machine learning and analytics. Databricks is venture-backed and headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.

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