Exabeam | June 23, 2022
Exabeam, the leader in Next-gen SIEM and XDR, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider announced that the advanced cybersecurity solutions by Exabeam have been added to Carahsoft’s National Association of State Procurement Officials (NASPO) ValuePoint Cloud Solutions Contract. As the Master Government Aggregator® for Exabeam, Carahsoft provides the Exabeam cloud-delivered Security Information and Event Management (SIEM) and advanced cyber analytics solutions to participating States, Local Governments, and Educational (SLED) institutions.
We are excited to be added to Carahsoft’s NASPO contract to help SLED cyber leaders readily access the technology needed to modernize their SIEM and fiercely defend their agencies and institutions against known and unknown threats. Exabeam analytics and automation solutions help security analysts gain efficiencies with Threat Detection, Investigation and Response (TDIR) workflows, enabling them to identify and resolve threats faster. Working with Carahsoft and their reseller partners, we aim to arm as many security teams as possible against the tactics of persistent adversaries who often bypass traditional prevention solutions or are already inside.”
Chris Cesio, Chief Revenue Officer at Exabeam
The NASPO contract makes the procurement process frictionless for SLED organizations. It will help them get faster access to Exabeam Fusion SIEM and Exabeam Fusion XDR products through the NASPO Cloud Solutions Portfolio.
“SLED organizations are constantly under siege from sophisticated cyber adversaries. These vital public agencies and institutions rely on next-generation cyber products to help modernize their security operation centers,” said Steve Jacyna, Director of Emerging Cyber Security Solutions at Carahsoft. “The Exabeam Fusion product line is an excellent addition to our Cloud Solutions portfolio. We look forward to providing streamlined access through our reseller partners to the Exabeam cloud-delivered SIEM and cyber analytics solutions to help agencies thwart attacks.”
In the last year, the Biden administration has issued several executive orders related to the dangers nation-states and other threat actor groups pose to public sector organizations. The documents emphasize the importance of deploying modern security solutions to continuously look for and respond to threats.
About the Exabeam Fusion Product Line
The Exabeam Fusion product line integrates market-leading behavioral analytics and automation capabilities to help streamline the TDIR process without disrupting an organization’s existing technology stack. Public sector organizations participating in the NASPO Cloud Solutions Portfolio can easily identify and respond to critical security issues, incidents, and attacks from a single, centralized control plane. This substantially increases analyst productivity and reduces response times.
The Exabeam Fusion offerings differentiate normal from anomalous behavior, apply risk scoring using Exabeam Dynamic Alert Prioritization to allow analysts to quickly assess and prioritize risks, and build Smart Timelines™ to automatically reconstruct security incidents to gain a full picture of any incident.
About NASPO ValuePoint
NASPO ValuePoint is a cooperative purchasing program facilitating public procurement solicitations and agreements using a lead-state model. The program provides the highest standard of excellence in public cooperative contracting. By leveraging the leadership and expertise of all states and the purchasing power of their public entities, NASPO ValuePoint delivers the highest valued, reliable and competitively sourced contracts, offering public entities outstanding prices.
Exabeam is a global cybersecurity leader that adds intelligence to every IT and security stack. The leader in Next-gen SIEM and XDR, Exabeam is reinventing the way security teams use analytics and automation to solve Threat Detection, Investigation, and Response (TDIR), from common security threats to the most critical that are difficult to identify. Exabeam offers a comprehensive cloud-delivered solution that leverages machine learning and automation using a prescriptive, outcomes-based approach to TDIR. We design and build products to help security teams detect external threats, compromised users and malicious adversaries, minimize false positives and best protect their organizations.
Exabeam, the Exabeam logo, Exabeam Fusion, Smart Timelines, Security Operations Platform, and XDR Alliance are service marks, trademarks or registered marks of Exabeam, Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Exabeam, Inc. All rights reserved.
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement, and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles.
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.
DLA Piper | August 09, 2022
DLA Piper represented SixGen, Inc., a leading cybersecurity and products company based in Maryland, in its acquisition of Fourcast Management and Analysis, Inc., a Maryland-based technology management consulting company.
SixGen provides world-class cybersecurity services and products to protect government organizations and commercial industries. Using innovative processes, tools, and advanced techniques, SixGen predicts and overcomes cybersecurity vulnerabilities. SixGen prioritizes best practices, customer requirements and privacy and overall mission impact.
The strategic acquisition of Fourcast Management and Analysis – a leading management consulting company that provides seasoned advisory services, skills, and assistance in the areas of finance, budget and cost estimation – will bolster SixGen's mission to provide the highest quality services to customers and enable employee growth through diversified opportunities.
"Congratulations to SixGen on this strategic acquisition of Fourcast, which will allow the company to grow in the cybersecurity and professional services sector, It was a pleasure collaborating and bringing together our deep knowledge and capabilities in the professional services industry to close this deal."
-Jeffrey Houle, co-chair of DLA Piper's Aerospace, Defense and Government Services Transactional practice who led the team that advised SixGen.
We're immensely proud of this pivotal deal. We thoroughly enjoyed working with the DLA Piper team and believe this acquisition will have an immediate impact on the level of service we can provide to our customers, said Chris Brady, chairman of Chart National, an investor in SixGen.
In addition to Houle (Washington, DC), the deal team included partners Thomas Pilkerton III, Julia Kovacs and Jordan Bailowitz (all three in Baltimore) and Brad Jorgensen (Austin); of counsel Christopher Armstrong (Baltimore); and associate Josh Feldman (Baltimore).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.
About DLA Piper:
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