GM, Ventec Land Contentious Contract to Produce Ventilators for US Government

GM | April 08, 2020

Ventec Life Systems and General Motors Co. officially landed a deal that two weeks ago had them in hot water with the White House. The contract, which Bloomberg News reports as worth $489.4 million, lays out a timeline for the partnership to deliver 30,000 ventilators to the Department of Health and Human Services by the end of August, with at least one-fifth of those to be delivered before June 1.

Spotlight

As more Americans gain coverage and we near the February 15th HealthCare.gov enrollment deadline, one artist highlights what these diverse Americans have in common in a series of shareable graphics.

Spotlight

As more Americans gain coverage and we near the February 15th HealthCare.gov enrollment deadline, one artist highlights what these diverse Americans have in common in a series of shareable graphics.

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GOVERNMENT BUSINESS

CIT Names Eduard Vernède as Managing Director for Defense and Government Services

CIT | September 08, 2021

CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business. In his new role, Vernède will largely be focused on CIT's lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment. His responsibilities will include developing new client relationships, identifying new target markets and ensuring outstanding customer support and satisfaction. His coverage territory will primarily focus on the Washington D.C. beltway region and adjacent areas. "Eduard is an experienced and accomplished financial professional with demonstrated expertise in aerospace, defense and government services," said John Heskin, managing director and group head for CIT's Aerospace, Defense and Government Services business. "We look forward to his contributions as we reaffirm our commitment to supporting this vital sector." "We are pleased to have Eduard join our team of seasoned bankers helping support our clients and growth in this dynamic industry sector," said David Harnisch, head of CIT's Commercial and Real Estate Finance business. Vernède previously worked at Lloyds Banking Group, where he directed the company's aerospace and defense group in North America. Prior positions included roles at Royal Bank of Scotland and ABN AMRO. CIT's Aerospace, Defense & Government Services group, part of the company's Commercial Finance division, provides integrated financial solutions for manufacturers, suppliers and service providers in the aerospace, defense, homeland security and government services markets. About CIT CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.

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GOVERNMENT BUSINESS

Infinidat Announces immixGroup as Distributor for U.S. Federal, State and Local Government Agencies

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. About Infinidat 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.

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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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