Dcode adds venture capital network to support government-focused startups

Dcode | April 08, 2020

Government technology accelerator Dcode has added another offering to help startups find work with federal agencies: venture capital. Dcode recently launched Dcode Capital as an “invitation-only network of angel investors, VCs, and technology and government legends” to invest in larger rounds of funding for tech companies serving the federal government. For now, those companies are ones that have previously participated in the Dcode accelerator program.

Spotlight

The U.S. labor market is the strongest it has been in the last half century, as shown by economic data across various metrics. This is partly attributable to President Trump’s progrowth economic policies, the results of which are disproportionately benefiting Americans who were previously left behind. The Administration’s policies are boosting labor demand and lowering structural barriers to entering the labor market. This report provides evidence that this labor market has contributed to reduced inequality through an economic boom that is greatly benefiting historically disadvantaged groups. These groups are becoming more and more self-reliant through their economic activity, rather than remaining inactive in the labor market to qualify for means-tested government programs.

Spotlight

The U.S. labor market is the strongest it has been in the last half century, as shown by economic data across various metrics. This is partly attributable to President Trump’s progrowth economic policies, the results of which are disproportionately benefiting Americans who were previously left behind. The Administration’s policies are boosting labor demand and lowering structural barriers to entering the labor market. This report provides evidence that this labor market has contributed to reduced inequality through an economic boom that is greatly benefiting historically disadvantaged groups. These groups are becoming more and more self-reliant through their economic activity, rather than remaining inactive in the labor market to qualify for means-tested government programs.

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GOVERNMENT BUSINESS

US Government Awards $12M Contract to Hardware Security Pioneer Tortuga Logic to Advance Solutions for Zero-Trust Assured Microelectronics

Tortuga Logic | December 22, 2020

Tortuga Logic® Inc., a cybersecurity organization who has pioneered ASIC, FPGA and SoC equipment security arrangements, today reported that it has been granted a SBIR Phase III agreement from the US Government to cultivate the improvement of cutting edge equipment security arrangements. Ansys will team up with Tortuga Logic to propel side-channel spillage examination work processes. "Software security has attracted considerable attention for more than a decade and significant effort has been put into solutions that harden software applications," said Andreas Kuehlmann, Executive Chair and CEO. "The more recent emergence of hardware security vulnerabilities threatens the very foundation of our computing infrastructure." "Hardware security is a growing area of interest, not just for the Department of Defense and Defense Industrial Base, but also for commercial industries like telecommunications, automotive, and smart-card companies," said Joe Cole, Vice President, Ansys Federal Aerospace and Defense Business. "Ansys' state-of-the-art semiconductor solutions deliver calculable metrics to effectively measure and predict side-channel emissions during a chip's design phase — significantly de-risking the chance of physical probing by an adversary after a chip is manufactured. With Ansys, Tortuga Logic can enhance trustworthiness and security during the development process and beyond." In acknowledgment of the significance of equipment security, the US Government granted a $12M SBIR Phase III consent to Tortuga Logic. The understanding follows a formerly declared SBIR Phase II arrangement from the US Air Force and AFWERX. "This Phase III contract shows the continued commitment the US Government has for enhancing hardware security for microelectronics." Said Jason Oberg, CTO and co-founder of Tortuga Logic. "The award will allow us to rapidly expand our solution to address new classes of hardware weaknesses in the physical domain that are critical to the security of both our government and commercial customers." About Tortuga Logic Founded in 2014, Tortuga Logic is a cybersecurity company that has pioneered industry-leading products and services to address hardware security vulnerabilities in today's systems. The company's Radix™ product line is a critical component of a rigorous pre-silicon Secure Hardware Development Lifecycle, where security signoff is mandated, before the device is manufactured.

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Crystal Group Announced Today That it is a Federal Platinum Sponsor of NVIDIA’s Premier GTC 2020

Crystal Group, Inc. | October 06, 2020

Crystal Group, Inc., a leading designer and manufacturer of rugged computer and electronic hardware, announced today that it is a Federal Platinum sponsor of NVIDIA’s premier GTC (GPU Technology Conference) 2020. This global, five-day event will be 100 percent virtual, allowing attendees to attend conference sessions—including three presented by Crystal Group—in any time zone and multiple languages. As a Preferred Solutions Integration Partner in the NVIDIA Partner Network (NPN), Crystal Group is paving the way for bringing seamless AI and visualization capabilities into harsh and unpredictable environments. By integrating NVIDIA GPUs into its rugged, high-performance compute offerings, both the U.S. Department of Defense and industrial customers now have the ability to analyze petabytes of data at the edge where accurate, real-time information and decision making are vital.

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GOVERNMENT BUSINESS

SemanticBits Will Be Acquired by ICF

ICF | June 10, 2022

ICF, a worldwide consulting and digital services firm, said today that it has reached a definitive agreement to acquire SemanticBits, a leading provider of mission-critical digital modernization solutions to US government health agencies. In 2022, SemanticBits is predicted to produce $135 million in yearly revenue. In 2023, almost $115 million of that will be recurring, owing to the conclusion of many small company contracts. As part of ICF, SemanticBits is expected to produce EBITDA margins in the high teens, based on its track record of double-digit sales growth. ICF will use its existing credit facility to cover the $220 million deal. Upon completion, the deal is expected to be accretive to ICF's EPS. SemanticBits offers a comprehensive set of open-source digital modernization services, including end-to-end agile at scale development, cloud-native solutions, data analytics, and human-centered design. SemanticBits, which was founded in 2005, has a team of 450 technologists and practitioners with experience working on large federal health IT projects and expertise across 30 technology platforms. They use a fully agile approach that complements ICF's deep federal health domain expertise and digital modernization capabilities. SemanticBits provides help to federal health authorities in the United States, primarily the Centers for Medicare and Medicaid Services (CMS). This latest acquisition is in keeping with our strategy to complement organic growth with acquisitions that strengthen ICF's position in key growth markets and provide meaningful revenue synergies over time." John Wasson, ICF chair and chief executive officer John further added, "SemanticBits' advanced health IT and data science solutions accelerate and improve mission impact and health outcomes. As one of the industry's leading digital service and platform providers using open-source, SemanticBits scales our rapidly growing set of digital modernization capabilities and, together with our deep federal health expertise, will enable ICF to support larger, more complex projects across federal civilian agencies." The acquisition is scheduled to close in mid-July, subject to regulatory and customary conditions. When ICF reports its second quarter results in early August, it aims to publish updated financial forecast for the full year 2022, which will include the projected contribution from the SemanticBits purchase.

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