SAWTST | November 17, 2022
Deltek, the leading global provider of software and solutions for project-based businesses, announced today that SAWTST, a small business government contracting firm, has selected Deltek Costpoint and Deltek Talent Management to power its growth by streamlining and automating processes and efficiencies, while staying compliant with the federal government.
SAWTST, a government contracting firm located in Tyrone, Georgia, is a department of Veterans Affairs (VA) verified service-disabled veteran owned small business (SDVOSB). The firm's legacy is built on service with its executive and senior management team, composed primarily of military veterans. The company employs professionals that are a mix of veterans from all services and experienced industry professionals that have consistently delivered exceptional results in the Defense environment.
SAWTST knew it was time to upgrade its ERP system to streamline and automate processes and reporting, as well as to scale for its long-term growth plans. The system it was using was too manual and time-consuming – employees were burdened with siloed processes. SAWTST needed a single solution that could support functional areas including contracts management and procurement. They were looking for a new ERP partner that would deliver more innovation and greater intelligence through an all-in-one system across the entire project lifecycle. In addition, SAWTST wanted better, out-of-the-box reporting, designed for government contractors. By switching to Deltek, SAWTST anticipates Costpoint will be its one-stop-shop for mission-critical data and save them a full-time staff member due to Costpoint's automation.
Deltek Costpoint is the government contracting industry's leading solution that delivers more innovation and greater intelligence at every stage of the project lifecycle. It centralizes the management of projects, people and finances, and scales seamlessly as needs grow, enabling small to enterprise size businesses to win new clients, manage project profitability and improve client satisfaction at every stage. Additionally, the integrated cloud offering enables the secure storage of data and is consistently enhanced to meet the most up-to-date governmental and agency cybersecurity compliance standards including NIST 800-171.
"Being a CFO and part of a finance team at a government contractor requires special skills and understanding of the unique government requirements for finance and accounting, How we handle our project information – and our accounting, finances, and reporting – requires the right partnerships with those that know how the government thinks. We need software that makes it easy for us to be efficient and connects the entire company to our project data for a single source of the truth. And we have found that with Deltek. After demoing the software and doing our research, it's clear that Deltek is miles ahead of the competition and the gold standard for government contractors. It's a big decision to move your ERP, especially after just 3 years with another provider. It's a lot of work and I've felt like Deltek has been by my side the entire time. We know it will be well worth our time and money in the end, We are excited to be in person at Deltek ProjectCon 2022 with Deltek experts and other government contractors who have been in our shoes before. We are building great relationships and getting a jump start on our solution training."
-Debra Hadley, Chief Financial Officer at SAWTST.
Government Contracting Firms at Deltek ProjectCon 2022:
Thousands of Deltek customers like SAWTST are gathered in Nashville this week for 4 days of networking, education and training on products including Deltek's flagship ERP for government contractors, Costpoint.
"We are thrilled to welcome SAWTST to Deltek Project Nation! We continue to evolve our products and services to support smaller government contractors and help those customers run their businesses more efficiently and effectively. We think being transparent, easy to do business with and easy to understand makes us the partner of choice for great businesses like SAWTST, The journey with SAWTST has just started and we are excited to get them up and running on Costpoint and to be a foundational part of their growth plans."
-Mike Corkery, President & CEO at Deltek.
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue.
SAWTST, LLC is a Department of Veterans Affairs (VA) verified Service Disabled Veteran Owned Small Business (SDVOSB). SAWTST was founded in 2006 for one simple purpose; strive to identify and seize Information Technology (IT) and Enterprise Logistics opportunities for growth, building upon our strengths and competencies. We always strive to exceed our clients' growing needs. The company employ's professionals that are a mix of veterans from all services and experienced industry professionals that have consistently delivered exceptional results in the Defense environment. SAWTST is a leading provider of services to a wide variety of Department of Defense (DoD) clients.
Germany Trade & Invest | November 14, 2022
Germany's Ministry of Economic Affairs and Climate Action (BMWK) has contracted software company QMWare and cloud specialist IONOS, together with the University of Stuttgart and the Fraunhofer FOKUS research institute, to construct a platform for quantum computing applications for German industry. The cloud will be the first of its kind in the country.
The project, called SeQenC, will run for three years and is part of the ministry's "Digital Technologies for Business" support program. The ministry will be investing tens of millions of euros, although no exact figure was named.
During the project's three-year span, selected partner companies from industry and the wider economy will be invited to test out applications in sectors such as telecommunications, logistics, finance, automotive and energy.
The project is the latest in a series of quantum computing initiating to come from the BMWK. In late September, the ministry announced that it would put EUR 14 million into a quantum processer prototype developed on the basis of photonic systems. The BMWK has pledged to invest EUR 740 million in quantum computing as a whole.
"The German government's investment indicate how serious it is about quantum computing in Germany, Such initiatives not only create superior conditions for businesses active in Germany. They also show that niches are arising for international quantum computing businesses to come to Europe's largest economy and profit from this exciting transformation."
-Asha-Maria Sharma, computing industry expert at the German government agency Germany Trade & Invest.
Germany Trade & Invest (GTAI) is the economic promotion agency of the Federal Republic of Germany. GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up shop in Germany.
Accrete | November 18, 2022
Accrete has secured a five-year multi-million dollar Production Operational Technology (OT) software licensing contract from the U.S. Department of Defense (DoD) for Argus™, Accrete's highly configurable, dual-use open-source threat detection AI software solution, worth tens of millions of dollars. The exact contract value and deal terms cannot be disclosed per government guidelines.
Argus continuously analyzes the open-source web to predict anomalous and nefarious behavior hidden in plain sight. Argus performs work that would otherwise require thousands of intelligence analysts at an estimated cost of hundreds of millions of dollars a year in areas critical to national security such as supply chain risk management, vulnerability research, intellectual property theft, social media intelligence, insider threat detection, and anti-money laundering. Argus reads, understands, and learns from an exploding universe of dynamic, unstructured data, including news, blogs, think tank publications, strategy papers, social media chatter, financial filings, microprocessor manuals, and binaries in multiple languages. The AI software automatically extracts, normalizes, and maps relationships between entities, models influence, and surfaces behavioral anomalies indicative of potentially illicit activity that are too complex for humans to identify.
"We are at the dawn of an entirely new type of conflict, driven by rapid advances in artificial intelligence. Whereas nuclear proliferation threatened entire populations, AI proliferation individualizes warfare by manipulating targeted groups through digital means. Using AI, bad actors can propagate disinformation to exploit ignorance and weaken civil society causing billions of dollars of damage to the U.S. economy, As a prime defense contractor licensing configurable dual-use AI software directly to the DoD, Accrete is in a unique position to scale its business with the Defense, Intelligence, and Special Operations communities, as well as other government and enterprise customers, and bolster national security as well as intelligence competitiveness in previously unimaginable ways."
-Prashant Bhuyan, Founder, CEO, and Chairman of Accrete, Inc.
In 2020, the Defense Innovation Unit (DIU), which former Defense Secretary Ashton Carter established in collaboration with former Google CEO Eric Schmidt to strengthen U.S. national security by accelerating DoD adoption of commercial technology, awarded Accrete with an Other Transaction Authority (OTA) Prototype contract after Accrete outperformed 65 other companies in a competitive review. The DoD accepted the Argus prototype within 15 months, and Accrete worked closely with the DIU and the DoD to transition the OTA Prototype contract into a first-of-its-kind multi-year Production OT AI software licensing deal.
William Wall, who leads Accrete’s federal sales subsidiary, Accrete AI Government, and formerly served as a U.S. Special Forces Lieutenant Colonel and with the Joint Special Operations Command (JSOC), said, "We are extremely excited to announce this award, especially as this is the first production OTA that our DoD customer has ever awarded. There are very few start-up technology companies that successfully navigate the extremely challenging OTA process through prototype acceptance and transition into a multi-year production OT software licensing agreement. Our success is a testament to the efficacy, scalability, and configurability of our AI technology and, more importantly, to our employees' relentless focus on providing solutions that are tightly aligned with end-user requirements. As we continue to scale, Accrete looks forward to providing its growing customer base with powerful dual-use AI solutions that not only drive efficiency through the automation of analytical work but also produce mission-critical insights beyond human capacity.”
Zachary Smith, Accrete AI Government’s Program Manager and retired special agent who spent most of his 23-year Air Force career focused on countering human, technical, and cyber-based threats, observed, "Based on Argus' blazing speed and scale, in seconds, analysts will be able to research and visualize complex relationships that would have taken at least a month of steady research and annotation. Within the framework of the DoD's acquisition risk review process, Argus will enable supply chain risk analysis to be more efficient and effective while delivering enhanced value at a lower cost per insight."
Accrete's continuously learning AI technology enables the templatization of analytical workflows. Templates such as Argus for Threat Detection learn from sparse data and are configurable for use cases including supply chain influence, social media intelligence, reverse engineering, and logistics disruption for both government and commercial customers. In addition to helping the DoD predict bad actors that may be intentionally obscuring identities to influence the supply chain, Argus has also been enabling the U.S. Air Force to reverse engineer binaries from microprocessor manuals to detect vulnerabilities in firmware.
Accrete’s dual-use AI solutions have also been proven in industry, including media and entertainment companies automating talent scouting to predict emerging talent from social chatter; insurance brokers automating lead generation to find the shortest path to the hottest lead; private equity and venture firms automating pitch deck review through smart table extraction; and automobile dealerships automating the writing of marketing content.
Accrete's mission is to create AI so powerful that it amplifies human reasoning and enables government entities and commercial enterprises to grow in previously unimaginable ways. Accrete, founded in 2017, delivers configurable dual-use AI solutions that automate complex analytical work for both government and enterprise customers with a focus on defense, intelligence, and cybersecurity. Accrete has 128 employees globally and is headquartered in Lower Manhattan with offices in Alexandria, Va. and Wellesley, Mass.