Lebanon announces formation of government

Reuters | January 31, 2019

Lebanon agreed a new government on Thursday, ending months of wrangling between rival political factions that has added to concerns for its struggling economy and massive public debt. The news boosted Lebanon’s bonds, with a 2037 dollar issue jumping in price by 4.3 cents to its highest since August. Western-backed Saad al-Hariri will face a big challenge in his third term as prime minister in trying to deliver reforms to address the dire state finances and unlock billions of dollars in pledged aid and loans to boost low growth.

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EMERGING TECHNOLOGY, CYBERSECURITY

Trellix Receives FedRAMP High Authorization to Operate for Trellix Extended Detection and Response GovCloud

Businesswire | April 24, 2023

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced Trellix Endpoint Detection and Response (EDR) has received Authorization to Operate (ATO) from the Advisory Council on Historic Preservation (ACHP) at the High impact level. Trellix is the first independent security vendor to receive ATO for EDR at the High impact level, which designates the vendor has undergone significant auditing and evaluation of its security controls. Advancing EDR adoption is an imperative of President Biden’s Executive Order on Improving the Nation's Cybersecurity. With this authorization, government agencies responsible for protecting the nation’s most critical information—from civilian and intelligence agencies to the Department of Defense (DOD)—have access to a leading cloud-hosted EDR platform. “Trellix will work closely with the FedRAMP and the U.S. government to lead in achieving the Agency’s highest standard,” said Aparna Rayasam, Chief Product Officer at Trellix. “We will continue to pursue and meet improved security controls to spotlight our products’ security proficiencies and benefit all of our customers.” Trellix EDR strengthens customers’ cyber posture and reduces the mean time to detect and respond to threats through advanced analytics, guided investigations, and automation. Customers outside of the U.S. government now have assurance Trellix EDR security controls are vetted by a FedRAMP-approved third-party assessor, and a sponsoring agency backs the Trellix certification. Additional Resources: Trellix Public Sector Solutions Trellix Endpoint Solutions Data Sheet: Trellix EDR About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security

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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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EMERGING TECHNOLOGY

Palantir and Microsoft Expand Cloud Partnership to Public Sector

Prnewswire | April 06, 2023

Palantir Technologies Inc. today announced that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This new milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in both Microsoft Azure Government and Azure Commercial environments. This milestone expands Palantir and Microsoft's strategic partnership from the private sector to the public sector bringing the best in class cloud components to the federal marketplace. We're aiming to support IL6 through multi-cloud service integration. "With the successful completion of FedRAMP and IL4 and IL5 accreditation on Microsoft Azure Commercial and Azure Government, Palantir and Microsoft are prepared to bring best in breed solutions to the federal government," said Akash Jain, President, Palantir USG. "Leveraging lessons from our partnership in the commercial sector, we are looking forward to delivering innovation on behalf of the most important US Government missions on an accelerated timeframe. Today's announcement represents an inflection point in our partnership that will benefit our public sector stakeholders. We look forward to launching these joint solutions with our federal partners." In addition to supporting public sector and DoD customers, the Palantir Federal Cloud Service (PFCS) was also designed for the greater Defense Industrial Base. PFCS on Azure Government meets Defense Federal Acquisition Regulation Supplement (DFARS) requirements and can support both Controlled Unclassified Information (CUI) and International Traffic in Arms Regulations (ITAR) workloads. "With Palantir Federal Cloud Service's FedRAMP authorization on Microsoft Azure, defense organizations have even more solutions available to them to meet their critical mission needs," said Wes Anderson, Vice President, Defense, Microsoft Federal. "Our focus continues to be on building up our partner ecosystem to accelerate innovation and provide trusted, flexible, and advanced cloud solutions for the national security mission." PFCS FedRAMP authorization on Microsoft Azure can enable expedited agency authorizations to operate (ATOs), this solution is adequate for use in an agency authorization to operate cloud computing products and services. This authorization milestone is representative of Palantir's ongoing commitment to servicing federal customers on Azure. Those interested in learning more about Palantir and Microsoft's relationship can visit the Palantir website or get started today via the Azure Marketplace. About Palantir Technologies Inc. At Palantir, we're helping the world's most important institutions use their data to solve their most urgent problems. Our software lets our customers integrate and analyze all of their data so they can answer questions that they couldn't before. From delivering disaster relief to building safer automobiles, we're honored to help make our partners better at their most important work.

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