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Government low target for social housing criticised

Property Wire | January 11, 2019

Just after a major report pointed out that 3.1 million new social homes are needed in England in the next 20 years to cope with the demand for affordable homes, the Government’s low target has been revealed. Housing Minister Kit Malthouse revealed that the current target is to build just 10,000 to 12,000 social homes per year. He told BBC Radio 5 that it is true that successive Governments have not built enough homes of all types, including social housing.

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Renovus Capital Partners Announces Formation of Aretum, New Government Services Platform, Following Acquisition of Miracle Systems

Prnewswire | April 19, 2023

Renovus Capital Partners ("Renovus") today announced that its newly formed platform, Aretum, LLC ("Aretum" or the "Company"), has acquired Miracle Systems, LLC ("Miracle"), an Arlington, VA-based prime contractor to more than twenty federal agencies domestically and internationally. Miracle joins existing Renovus portfolio company Panum Telecom, LLC ("Panum") within Aretum, a leading mid-tier organization focused on providing management consulting, mission support and technology solutions. Aretum primarily serves the DoD, DHS and Federal Civilian agencies through a broad array of contracts, contract vehicles and talented resources. "We are excited to bring together a rich and diverse pool of highly talented professionals under one organization," said Dr. Vaikunth Gupta, Co-Founder of Panum. "Our goal is to continue building Aretum into a best-in-class service provider to DHS, civilian and Department of Defense agencies." "The combination of Panum and Miracle under the Aretum umbrella is yet another step in our growing commitment to support the mission of government agencies with technology and management consulting services," said Atif Gilani and Manan Shah, Partners at Renovus Capital. "We are confident that Aretum will bring technology-focused innovative solutions to support our customers while unlocking value for our investors and stakeholders." Sandesh Sharda, Founder and CEO of Miracle Systems, commented, "Renovus really stood out from the other investors we considered. They had already made a significant growth investment in Panum and have great familiarity and understanding of the space where we operate." Aretum becomes the third Renovus platform in the government service space. Renovus will leverage its deep expertise across the broader knowledge and talent space to continue building each platform through a combination of organic expansion and add-on acquisitions. King & Spalding served as legal counsel to Renovus and Panum. UBS Investment Bank served as exclusive financial advisor to Miracle Systems, and Greenberg Traurig served as legal counsel. About Miracle Systems Miracle Systems is an innovative solutions provider bringing an entrepreneurial spirit and thought leadership to the Federal Government. We are an array of program managers, engineers, financial analysts, IT experts, systems designers, security specialists, trainers, and mission support specialists who have joined forces to create timely, tested, and sustainable solutions. Our signature offerings encompass PMO support, engineering services, financial consulting, IT modernization initiatives, mission-critical cyber support, and comprehensive training services. Established in 2003 and headquartered in Arlington, VA, our success has been demonstrated by cultivating long-term employees – and long-term clients. We proudly service over 100 contracts, and prime over 90 – managing over $900 million across civilian and military sectors. Miracle Systems consistently delivers high levels of customer satisfaction through innovation, ethics, and excellence. About Aretum, LLC Aretum LLC is a newly formed holding company that owns Miracle Systems and Panum Telecom. Miracle Systems (www.MiracleSystems.net) provides leading edge solutions and outstanding service to Federal clients, focusing on PMO Support, Financial Consulting, Engineering Services, Training Services, IT Systems, Cyber Mission. Miracle System has 90 active Prime Contracts across the US Government. Panum Telecom, LLC (www.panum.com) offers a broad spectrum of mission services including nutritional health, and management consulting services such as program & project management, acquisition & contract management, business & strategy consulting and next generation analytics, information and communications technology services such as network infrastructure & security, research & analysis, and training to Federal Government agencies. Panum is based in Bethesda, MD. About Renovus Capital Partners Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. Renovus manages over $1 billion including its three sector-focused funds. The firm's portfolio includes over 25 businesses in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its experience to make operational improvements, recruit top talent, pursue add-on acquisitions, and oversee strategic growth initiatives.

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OneTrust Introduces AI Governance Solution to Inventory, Assess, and Monitor AI Risk

PR Newswire | May 18, 2023

OneTrust, the market-defining leader for trust intelligence, introduces OneTrust Artificial Intelligence (AI) Governance, a comprehensive solution designed to help organizations inventory, assess, and monitor the wide range of risks associated with AI. As organizations use AI and machine learning (ML) to process large amounts of data and drive innovation, AI Governance provides visibility and control over data used and risks generated by AI models. According to Gartner, "Success and scaling of AI projects require leaders to address strategies and methods related to fairness, transparency, explainability, reliability, privacy, and security."1 As the use of AI and machine learning becomes more widespread, it is essential for organizations to address the privacy, ethical, and societal risks associated with these technologies. With AI Governance, organizations can embed data ethics, privacy, and security practices by default into the use of AI across their business. "Responsible AI is not an option, but a necessity in today's business landscape," said Blake Brannon, Chief Product and Strategy Officer at OneTrust. "AI Governance provides a comprehensive solution for managing the unique risks associated with AI, including privacy, ethical, compliance, and operational risks. Using our product, organizations can automate record keeping and risk management, ensuring transparency, fairness, and accountability in their AI systems. By implementing responsible AI practices, companies can build trust with customers, regulators, and society at large, and position their business for success in the AI-driven future." With AI Governance, compliance teams and data scientists can better understand data use and classification, evaluate the risks, and demonstrate compliance with emerging global requirements to ensure AI is used ethically and responsibly: Inventory: Organizations can centrally view and manage AI projects, models, and data sets both internally developed and sourced from third parties. AI Governance establishes relationships across data sets and AI models to trace the path of data from its origin. Assess risk: Users can assess AI projects against global laws and frameworks, including the NIST AI Risk Management Framework (RMF), OECD AI Principles, and more. AI Governance, along with OneTrust Data Discovery & Governance, connects to structured and unstructured sources of data to automatically discover and classify sensitive and personal data that may drive algorithmic bias or privacy risk. Regulatory intelligence helps automate compliance workflows and risk management, and automatically generate required control mitigations and compliance documentation such as conformity assessments. Monitor: AI Governance integrates with existing model registries and MLOps tooling to detect AI model use and changes, and sync with a centralized inventory. Teams can continually evaluate models and training data for drift, bias, fairness, accuracy, and quality with in-app alerts. Only OneTrust provides the powerful combination of privacy and risk management solutions, built-in regulatory guidance, data discovery and classification, and AI risk management framework templates to manage the unique and broad-reaching risks posed by AI systems. The solution leverages OneTrust's deep experience in data privacy and governance, and robust tools for managing risk and record keeping for audit, compliance, and proactive trust management. OneTrust AI Governance will be available to select, qualifying customers through the AI Governance Early Access Program (EAP). This program offers an opportunity to get an early look at the solution and provide feedback to shape its development. About OneTrust OneTrust is the trust intelligence cloud platform organizations use to transform trust from an abstract concept into a measurable competitive advantage. Organizations globally use OneTrust to enable the responsible use of data while protecting the privacy rights of individuals, implement and report on their cyber security program, make their social impact goals a reality, and create a speak up culture of trust. Over 14,000 customers use OneTrust's technology, including half of the Global 2,000. OneTrust currently ranks #24 on the Forbes Cloud 100 list of top private cloud companies in the world and employs over 2,000 people in regions across North America, South America, Asia, Europe, and Australia.

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EMERGING TECHNOLOGY, CYBERSECURITY

Carahsoft Announces Seagate Government Solutions and Cigent Alliance to Bring Sophisticated Cybersecurity Protection for SSD Storage to Public Sector

Globenewswire | April 05, 2023

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that Seagate Government Solutions’ Barracuda 515 M.2 solid state drive (SSD) - embedded with Cigent® Technology’s built in cybersecurity enhancements is now available to Government agencies through Carahsoft’s resellers and its Federal, State and Local Government contract vehicles. As the distributor for Seagate Government Solutions, Carahsoft works with its extensive ecosystem of reseller partners and systems integrators to make Seagate’s new SSD widely available to the Public Sector through several contracts including Carahsoft’s GSA Schedule, NASA Solutions for Enterprise-Wide Procurement (SEWP) V, E&I Cooperative Services Contract, The Quilt, and more. “Protecting data at the edge is a key component of an effective Zero Trust strategy,” said Maryam Emdadi, Vice President of Sales who leads the Seagate Team at Carahsoft. “Our new partnership with Seagate Government Solutions and Cigent will enhance our portfolio of secure storage solutions and enable our customers to better defend their sensitive information through the support of our reseller partners.” Seagate Government Solutions combines its strengths with Cigent’s patented cybersecurity firmware enhancements to create the Seagate BarraCuda 515 SSD, a storage drive, designed with integrated advanced security features that deliver high performance, advanced reliability, data protection and security. Key advantages of the BarraCuda 515 SSD include: Federal Information Processing Standards (FIPS) 140-2 Level 2 certified and complies with corporate and Federal data security mandates. Common Criteria full disk encryption (FDE) solution that meets the requirements of Commercial Solutions for Classified (CSfC) Data at Rest (DAR) Capabilities Package 5.0. Cigent Pre Boot Authentication and Windows Software that protects data from all known physical and remote access attacks as well as zero-day ransomware. Tamper-evident coating which seals SSD’s circuitry and components to provide physical security. Full drive block-level and crypto secure erase, verified by patented erasure verification, that enables safe, fast, and cost-effective SSD retirement or redeployment. Trade Agreements Act (TAA) compliant which satisfies fair and open international trade agreements. “We’re thrilled to be working with Cigent and Carahsoft to provide our Public Sector clients with a top-tier storage solution that boasts Government-accredited security certifications,” said Mike Moritzkat, Managing Director of Seagate Government Solutions. “This partnership along with our new offering is another steppingstone in Seagate’s continued support of our Public Sector clients.” Seagate’s BarraCuda™ 515 SSD is now available through Carahsoft’s GSA Schedule No. 47QSWA18D008F, SEWP V contracts NNG15SC03B and NNG15SC27B, E&I Contract #EI00063~2021MA, and The Quilt Master Service Agreement Number MSA05012019-F. About Carahsoft 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 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. About Seagate Government Solutions Seagate Government Solutions (SGS) is the FOCI mitigated subsidiary of Seagate Technology. The SGS mission is to deliver an array of data management solutions to federal agencies and their partners. Our proven technology adheres to strict government mandates while spearheading the way for advancements in the field of security—from unclassified to top secret, and beyond. About Cigent Cigent offers a new approach to data security for organizations of all sizes to stop ransomware and data theft, as well as achieve compliance. Cigent protects your most valuable asset – your data - against the most sophisticated adversaries. We protect data throughout its lifecycle via prevention-based defenses embedded into storage and individual files. From decades of data recovery, cybersecurity, and device sanitization experience, the experts at Cigent have developed prevention methods beyond anything that exists today.

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EMERGING TECHNOLOGY

Renovus Capital Partners Announces Formation of Aretum, New Government Services Platform, Following Acquisition of Miracle Systems

Prnewswire | April 19, 2023

Renovus Capital Partners ("Renovus") today announced that its newly formed platform, Aretum, LLC ("Aretum" or the "Company"), has acquired Miracle Systems, LLC ("Miracle"), an Arlington, VA-based prime contractor to more than twenty federal agencies domestically and internationally. Miracle joins existing Renovus portfolio company Panum Telecom, LLC ("Panum") within Aretum, a leading mid-tier organization focused on providing management consulting, mission support and technology solutions. Aretum primarily serves the DoD, DHS and Federal Civilian agencies through a broad array of contracts, contract vehicles and talented resources. "We are excited to bring together a rich and diverse pool of highly talented professionals under one organization," said Dr. Vaikunth Gupta, Co-Founder of Panum. "Our goal is to continue building Aretum into a best-in-class service provider to DHS, civilian and Department of Defense agencies." "The combination of Panum and Miracle under the Aretum umbrella is yet another step in our growing commitment to support the mission of government agencies with technology and management consulting services," said Atif Gilani and Manan Shah, Partners at Renovus Capital. "We are confident that Aretum will bring technology-focused innovative solutions to support our customers while unlocking value for our investors and stakeholders." Sandesh Sharda, Founder and CEO of Miracle Systems, commented, "Renovus really stood out from the other investors we considered. They had already made a significant growth investment in Panum and have great familiarity and understanding of the space where we operate." Aretum becomes the third Renovus platform in the government service space. Renovus will leverage its deep expertise across the broader knowledge and talent space to continue building each platform through a combination of organic expansion and add-on acquisitions. King & Spalding served as legal counsel to Renovus and Panum. UBS Investment Bank served as exclusive financial advisor to Miracle Systems, and Greenberg Traurig served as legal counsel. About Miracle Systems Miracle Systems is an innovative solutions provider bringing an entrepreneurial spirit and thought leadership to the Federal Government. We are an array of program managers, engineers, financial analysts, IT experts, systems designers, security specialists, trainers, and mission support specialists who have joined forces to create timely, tested, and sustainable solutions. Our signature offerings encompass PMO support, engineering services, financial consulting, IT modernization initiatives, mission-critical cyber support, and comprehensive training services. Established in 2003 and headquartered in Arlington, VA, our success has been demonstrated by cultivating long-term employees – and long-term clients. We proudly service over 100 contracts, and prime over 90 – managing over $900 million across civilian and military sectors. Miracle Systems consistently delivers high levels of customer satisfaction through innovation, ethics, and excellence. About Aretum, LLC Aretum LLC is a newly formed holding company that owns Miracle Systems and Panum Telecom. Miracle Systems (www.MiracleSystems.net) provides leading edge solutions and outstanding service to Federal clients, focusing on PMO Support, Financial Consulting, Engineering Services, Training Services, IT Systems, Cyber Mission. Miracle System has 90 active Prime Contracts across the US Government. Panum Telecom, LLC (www.panum.com) offers a broad spectrum of mission services including nutritional health, and management consulting services such as program & project management, acquisition & contract management, business & strategy consulting and next generation analytics, information and communications technology services such as network infrastructure & security, research & analysis, and training to Federal Government agencies. Panum is based in Bethesda, MD. About Renovus Capital Partners Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. Renovus manages over $1 billion including its three sector-focused funds. The firm's portfolio includes over 25 businesses in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its experience to make operational improvements, recruit top talent, pursue add-on acquisitions, and oversee strategic growth initiatives.

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GOVERNMENT FINANCE

OneTrust Introduces AI Governance Solution to Inventory, Assess, and Monitor AI Risk

PR Newswire | May 18, 2023

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EMERGING TECHNOLOGY, CYBERSECURITY

Carahsoft Announces Seagate Government Solutions and Cigent Alliance to Bring Sophisticated Cybersecurity Protection for SSD Storage to Public Sector

Globenewswire | April 05, 2023

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that Seagate Government Solutions’ Barracuda 515 M.2 solid state drive (SSD) - embedded with Cigent® Technology’s built in cybersecurity enhancements is now available to Government agencies through Carahsoft’s resellers and its Federal, State and Local Government contract vehicles. As the distributor for Seagate Government Solutions, Carahsoft works with its extensive ecosystem of reseller partners and systems integrators to make Seagate’s new SSD widely available to the Public Sector through several contracts including Carahsoft’s GSA Schedule, NASA Solutions for Enterprise-Wide Procurement (SEWP) V, E&I Cooperative Services Contract, The Quilt, and more. “Protecting data at the edge is a key component of an effective Zero Trust strategy,” said Maryam Emdadi, Vice President of Sales who leads the Seagate Team at Carahsoft. “Our new partnership with Seagate Government Solutions and Cigent will enhance our portfolio of secure storage solutions and enable our customers to better defend their sensitive information through the support of our reseller partners.” Seagate Government Solutions combines its strengths with Cigent’s patented cybersecurity firmware enhancements to create the Seagate BarraCuda 515 SSD, a storage drive, designed with integrated advanced security features that deliver high performance, advanced reliability, data protection and security. Key advantages of the BarraCuda 515 SSD include: Federal Information Processing Standards (FIPS) 140-2 Level 2 certified and complies with corporate and Federal data security mandates. Common Criteria full disk encryption (FDE) solution that meets the requirements of Commercial Solutions for Classified (CSfC) Data at Rest (DAR) Capabilities Package 5.0. Cigent Pre Boot Authentication and Windows Software that protects data from all known physical and remote access attacks as well as zero-day ransomware. Tamper-evident coating which seals SSD’s circuitry and components to provide physical security. Full drive block-level and crypto secure erase, verified by patented erasure verification, that enables safe, fast, and cost-effective SSD retirement or redeployment. Trade Agreements Act (TAA) compliant which satisfies fair and open international trade agreements. “We’re thrilled to be working with Cigent and Carahsoft to provide our Public Sector clients with a top-tier storage solution that boasts Government-accredited security certifications,” said Mike Moritzkat, Managing Director of Seagate Government Solutions. “This partnership along with our new offering is another steppingstone in Seagate’s continued support of our Public Sector clients.” Seagate’s BarraCuda™ 515 SSD is now available through Carahsoft’s GSA Schedule No. 47QSWA18D008F, SEWP V contracts NNG15SC03B and NNG15SC27B, E&I Contract #EI00063~2021MA, and The Quilt Master Service Agreement Number MSA05012019-F. About Carahsoft 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 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. About Seagate Government Solutions Seagate Government Solutions (SGS) is the FOCI mitigated subsidiary of Seagate Technology. The SGS mission is to deliver an array of data management solutions to federal agencies and their partners. Our proven technology adheres to strict government mandates while spearheading the way for advancements in the field of security—from unclassified to top secret, and beyond. About Cigent Cigent offers a new approach to data security for organizations of all sizes to stop ransomware and data theft, as well as achieve compliance. Cigent protects your most valuable asset – your data - against the most sophisticated adversaries. We protect data throughout its lifecycle via prevention-based defenses embedded into storage and individual files. From decades of data recovery, cybersecurity, and device sanitization experience, the experts at Cigent have developed prevention methods beyond anything that exists today.

Read More

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