Avertium | July 21, 2022
Today, Avertium announced Fusion MXDR, a new service the security partner is providing for Microsoft Security customers. This threat-informed, managed extended detection and response (MXDR) service from Avertium includes threat intelligence, attack surface monitoring, NIST CSF framework, and vulnerability management as part of a cyber maturity program for Microsoft Defender for Endpoint and Microsoft Sentinel.
"Fusing endpoint and event management technology with cyber maturity and professional services is the crux of Fusion MXDR. Companies that invest in Microsoft Security Solutions can maximize those investments by integrating new threat defense intelligence as part of the adaptable MXDR service. Companies that rely on Microsoft Security technology for primary threat defense can optimize those investments by fusing that technology with insights from new threat behavior, Comprehensive cyber maturity is achieved with an MXDR approach that gets stronger with new intelligence over time, From implementation and optimization to ongoing management and tuning, Fusion MXDR allows Microsoft Security customers to adapt, attack, and evolve with emerging threats."
-Jeff Schmidt, CEO at Avertium
Schmidt explains Fusion MXDR is built for Microsoft Security customers that want to replace legacy tools, consolidate point solutions, and build a cyber maturity program that is integrated with Microsoft Defender for Endpoint and Microsoft Sentinel platforms.
Avertium is the security partner that companies turn to for end-to-end cybersecurity solutions that attack the chaos of the cybersecurity landscape with context. By fusing together human expertise and a business-first mindset with the right combination of technology and threat intelligence, Avertium delivers a more comprehensive, more programmatic approach to cybersecurity - one with cyber fusion services that drive action on the ground and influence in the boardroom. That's why over 1,200 mid-market and enterprise-level organizations across 15 industries turn to Avertium when they want to be more efficient, more effective, and more resilient when waging today's cyber war.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Government Brands, LLC | September 01, 2022
Government Brands, LLC, the trusted technology partner for thousands of US and Canadian government entities, has launched a rebrand as Catalis TM. Catalis is one of North America's leading government Software as a Service (SaaS) and integrated payments providers, powering municipal, county, state, and federal governments.
Government Brands was launched in late 2017 and in less than five years strategically acquired and combined more than 30 GovTech companies across the US and Canada. This rapid growth necessitates a new way to organize and brand their broad portfolio of software and payments solutions. The rebrand, which is not a corporate restructuring, is part of the company's natural progression as it continues to grow and offer clients innovative technology and a more comprehensive suite of solutions.
A recapitalization in 2021, with leading investors PSG and TPG, elevated Government Brands to "unicorn" status, with a valuation exceeding $1 billion. Rebranding is the next step of evolution toward further expansion and positioning Catalis as North America's premier software and digital payments provider to government.
"This an exciting time – not only for our company but also for our customers and stakeholders, This rebrand reflects the evolution of our company and provides an opportunity to better communicate the wide range of best-in-class solutions we provide. We look forward to uniting our existing brands under one comprehensive citizen-first brand focused on serving government, The inherent complexity of government can hinder change, and no one feels this more than the people who work there: the public servants who work tirelessly to meet the needs of their citizens, Catalis understands those challenges and provides the technology, expertise, and agility to successfully deploy modern, transformative solutions, Our existing customers will continue to experience the same customer-centric service they have grown to know and rely on, and we're excited to develop new partnerships at all levels of government,The rebrand to Catalis is just the next step in our progression to providing the technology and innovation to meet – and exceed – the expectations of a modern digital government."
-John Kristel, CEO of Catalis.
"Catalis" is inspired by the word "catalyst," which describes the company's mission: to serve as a catalyst for creating a modern digital government. Their deep expertise, proven track record, and purpose-built digital solutions empower public officials to advance government and engage citizens through technology. The company offers a wide range of technology solutions across government with a portfolio of leading SaaS solutions for Citizen Engagement, Courts, Land Records, Public Works, Tax, Regulatory & Compliance, and CAMA, and integrated systems for Payments.
While the brand name has changed, Kristel assures customers that Catalis will continue to provide an unparalleled customer service experience, including an expanded range of resources and solutions to help them modernize government and engage citizens.
Catalis is the transformational SaaS and integrated payments partner powering all levels and sizes of government – municipal, county, state, and federal. With deep expertise, a proven track record, and innovative digital solutions, Catalis has empowered public servants across the US and Canada to modernize government and engage citizens.
Parker | July 20, 2022
Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”).
Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”):
Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK;
Meggitt’s key areas of existing operational capability in the UK;
R&D (including product engineering) and manufacturing labor headcount in the UK;
Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and
Contractual obligations regarding supply of goods and services to HM Government.
Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent.
“We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.”
-Tom Williams, Chairman and Chief Executive Officer, Parker.
The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.