Infinidat | December 08, 2020
Infinidat, the market's leading provider of multi-petabyte information storage arrangements, today declared that it has consented to an arrangement to disclose immixGroup its sector distributor, making huge new open doors for value-added resellers (VARs) to develop their business by selling Infinidat's demonstrated storage arrangements into the public authority market.
Under the particulars of the agreement, immixGroup will add Infinidat's storage stage and administrations to its U.S.- based bureaucratic, state and neighborhood government buying vehicles. This relationship makes accessible to government offices Infinidat's inventive securing model with versatile evaluating and adaptable alternatives, giving VARS a convincing value suggestion to enter and extend in the public authority market.
“As government agencies accelerate digital transformation, we are empowering our partners to build services and solutions on our proven, state-of-the-art platform to help government agencies reduce the risk, cost and complexity of their most important asset, their data,” said Mitch Diodato, Channel Sales Director at Infinidat “By forming a relationship with a leading distributor and broadening access through immixGroup’s contract purchasing vehicles, we’re providing differentiated storage solutions that are otherwise unavailable to government agencies and partners through legacy enterprise storage providers.”
With the expansion of Infinidat's foundation and administrations, immixGroup gains another appropriation relationship that gives market-leading storage arrangements. The resellers who are as of now lined up with immixGroup and are supporting government organizations presently approach Infinidat's answers and demonstrated client care and administrations. This makes it simpler for government organizations to secure demonstrated venture storage arrangements from Infinidat, which has had achievement in the business market for almost 10 years.
immixGroup, an Arrow Electronics organization, is a value-added distributor that helps innovation organizations work with the public authority. immixGroup empowers IT makers and arrangement providers to develop their public sector business and quicken the business cycle. Government offices trust immixGroup to give dependable admittance to a wide scope of big business programming and equipment items through their favored agreements and colleagues. Infinidat's recently shaped relationship with immixGroup is an expansion of its current relationship with Arrow Electronics.
Infinidat helps enterprises and service providers empower their data-driven competitive advantage at scale. Infinidat’s software-focused architecture delivers sub-millisecond latency, 100% availability, and scalability with a significantly lower total cost of ownership than competing storage technologies. The company was founded by storage industry pioneer, Moshe Yanai, in 2011 and has shipped over 6.6EB worldwide to date.
Ankura | March 17, 2022
Ankura Consulting, LLC, an independent global expert and advisory services firm, announced that on March 15, 2022, the Plan of Adjustment for the Commonwealth of Puerto Rico went effective. On January 18, 2022, U.S. District Court Judge Hon. Laura Taylor Swain approved the Plan of Adjustment that set the restructuring terms for approximately $34 billion of debt, which is the largest restructuring of municipal debt in U.S. history. The Plan of Adjustment paves the way for Puerto Rico to exit from bankruptcy with a stable and sustainable balance sheet.
Through the implementation of the Plan of Adjustment, Puerto Rico reduces the total amount of central government debt from $34 billion to $7.4 billion; cuts Puerto Rico's maximum annual debt service payments from a maximum of $4.2 billion to $1.15 billion; and lowers per capita debt by 86%.
"This is a great collective achievement for Puerto Rico, thanks to the fiscal and economic team of the Government, the Legislature, the Financial Oversight and Management Board (Oversight Board), and all those who have worked over the past five years to get to this historic moment," said Fernando Batlle, Ankura's Chairman of Latin America, who is leading all aspects of Ankura's advisory work for the Government. He continued, "The consummation of the Commonwealth Plan of Adjustment is the 'reset' button for Puerto Rico and starts a new era of fiscal stability with new opportunities to shape a successful, modern economy."
Philip Gund, Global Leader of Ankura's Turnaround & Restructuring practice, commented, "Fernando and the Ankura team worked collaboratively with the Government, the Fiscal Oversight Board and its constituencies and advisors while keeping the best interests of the Commonwealth at the forefront of the restructuring."
In addition to the rightsizing of the Commonwealth's balance sheet, the Plan of Adjustment also includes elements that promote and ensure that the Commonwealth maintains fiscally responsible policies and avoids the mistakes of the past, including: the establishment of debt management guidelines that govern future public indebtedness and the establishment and funding of a pension reserve trust to meet future pension obligations.
The Plan of Adjustment puts Puerto Rico on a path to grow again the Island's economy, encouraging investment by restoring investors' confidence in Puerto Rico, which in turn will promote economic development and job creation." He continued, "We are honored to have been involved in this historic moment, and as our team continues to advise the Government in other initiatives, our goal will continue to be the betterment of the Commonwealth and its people."
Kevin Lavin, CEO of Ankura
Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,700 professionals serving 3000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create and Recover Value.
StereoVision Imaging, Inc. | November 18, 2020
StereoVision Imaging, Inc. (SVI), an arising world pioneer in 2D and 3D/4DLiDAR based facial/object acknowledgment and distant detecting innovation, has made sure about a follow-on buy request from the U.S. government for extra units of its future, convenient Facial Recognition Binocular System (FRBS). The new request brings the all out estimation of units bought to more than $4.5 million.
The serious binocular framework empowers U.S. furthermore, alliance war contenders to incorporate stalemate observation tasks with continuous significant insight. It bolsters the distinguishing proof of non-agreeable people of-interest under testing uncontrolled natural conditions with significant levels of exactness, and permits ideal information examination and information to-choice for order initiative.
SVI is the sole-source provider of FRBS technology to the U.S. Army under a U.S. Central Command (CENTCOM) Joint Urgent Operational Need (JUON) statement. SVI expects to ship the units in the first quarter of 2021.
The SVI FRBS stage incorporates SVI's industry-driving facial acknowledgment innovation in a portable binocular arrangement. The framework's top quality optics powered by its restrictive facial logical and profound learning face coordinating calculations give quick 'point-and-snap' subject ID at the necessary stalemate separations.
Through true operational testing, FRBS has been intended to help United Combatant Command (COCOM) missions that include observation, surveillance, misuse, character and data tasks, counterterrorism and against revolt. The new units are bound for sending across U.S. Focal and European Command theaters.
“With this next shipment, we believe we have entered an important next phase with the design and initial deployments of our FRBS,” stated SVI founder and president Gregory Steinthal. “We anticipate the program will soon advance to full production and look for it to transition into formal program of record. We are uniquely positioned as the sole-source provider of this advanced technology to the U.S. military, which affirms the tremendous unmatched capabilities it provides.”
SVI sees opportunities for deployment of FRBS to other government agencies, such as federal law enforcement, airport security, border patrol and entry control points.
About StereoVision Imaging, Inc.
StereoVision Imaging (SVI) is an emerging global leader in biometric/object recognition and remote sensing technology, enabling governments and commercial organizations to perform identity and object recognition with the highest-level of speed and accuracy. Beyond FRBS, the company’s patented Dual Chirp 4D LiDAR (light detection and ranging) technology provides the most accurate 4D biometric security system in the world at the longest ranges. Its products are currently used by the U.S. military as well as other government agencies and organizations. SVI is focused on enhancing national security and public safety by solving the world’s most difficult identity validation and analysis challenges.