McConnell dismisses idea of delisting Chinese companies in the US

CNBC | September 30, 2019

Restricting Chinese investment in the U.S. may not be the best playbook for dealing with China, according to Senate Majority Leader Mitch McConnell. The Kentucky Republican played down any benefits of preventing Chinese companies from tapping into U.S. stock markets, and said it would not be in the best interest of the U.S economy. “That could end up hurting us — whatever tactics we use with regard to China need to not be ones that punish us,” McConnell told CNBC’s “Squawk Alley” Monday. “We’re worried about the Chinese and their involvement in this country in some respects, but the Treasury Department made it clear they’re not interested in delisting Chinese companies from U.S. stock exchanges.”

Spotlight

On December 9, 2010, the Federal CIO introduced the 25 Point Implementation Plan to Reform Federal Information Technology Management. The plan’s overall objective is to achieve greater efficiency in federal information technology while reducing costs through the use of shared resources and greater collaboration and consolidation. A major highlight of the 25 Point Implementation Plan is the shift to a “Cloud First” policy whereby each agency will identify three “must move” services within three months.

Spotlight

On December 9, 2010, the Federal CIO introduced the 25 Point Implementation Plan to Reform Federal Information Technology Management. The plan’s overall objective is to achieve greater efficiency in federal information technology while reducing costs through the use of shared resources and greater collaboration and consolidation. A major highlight of the 25 Point Implementation Plan is the shift to a “Cloud First” policy whereby each agency will identify three “must move” services within three months.

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EMERGING TECHNOLOGY, CYBERSECURITY

Ermetic Initiates U.S. Federal Government FedRAMP Authorization for Authority to Operate

Ermetic | September 15, 2022

Ermetic, the cloud infrastructure security company, today announced that it has initiated the process to achieve Authority to Operate (ATO) status under the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. The company also announced the appointment of Ben McGucken as regional vice president of sales for US Federal and Latin America, who will lead the company’s FedRAMP certification. In addition, the Ermetic cloud security platform now supports AWS GovCloud (US) and Azure for US Government – which are designed to address specific regulatory and compliance requirements of US government agencies at the federal, state, and local level that run sensitive workloads in the cloud. The company has engaged stackArmor, Inc, a leading provider of FedRAMP engineering and advisory services, to guide Ermetic through the FedRAMP ATO process. stackArmor and its team of experts have over a decade of experience assisting cloud service providers to ensure their solutions meet compliance standards including FISMA, FedRAMP and NIST. “We are pleased to partner with Ermetic on their FedRAMP journey toward an ATO, stackAmor's ThreatAlert is an integrated suite of security and compliance services deployed within the accreditation boundary. This also includes continuous monitoring designed to help companies like Ermetic reduce the level of effort and costs while accelerating the FedRAMP process.” -Martin Rieger, Chief Solutions Officer for stackArmor. Federal, state and local governments are using the cloud to provide better services for constituents, but need to address security risks, especially those associated with preventing breaches, detecting issues rapidly, and protecting personal information, said Shai Morag, CEO of Ermetic. Ermetic is embarking on the FedRAMP process to provide every level of government with a comprehensive solution for cloud native application protection. Ben McGucken joined Ermetic from data security vendor BitGlass where he was AVP of Sales for South and Latin America. He has also served in senior sales roles with ExtraHop, Palo Alto Networks and Layer 3 Communications. “Ermetic already supports AWS GovCloud and Azure for Government for customers that want to conduct proof of concept evaluations, As we move through the FedRAMP authorization process, government agencies can feel confident that the Ermetic platform is designed to meet the regulatory and compliance requirements they must comply with for cloud workloads.” -Ben McGucken regional vice president of sales for US Federal and Latin America. About Ermetic: Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments. The Ermetic SaaS platform provides comprehensive cloud security for AWS, Azure and GCP that spans both cloud infrastructure entitlements management (CIEM) and cloud security posture management (CSPM). The company is led by proven technology entrepreneurs whose previous companies have been acquired by Microsoft, Palo Alto Networks and others. Ermetic has received funding from Accel, Forgepoint, Glilot Capital Partners, Norwest Venture Partners, Qumra and Target Global.

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EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Peraton and Appvance Partner to Deliver Cutting Edge AI-Driven Autonomous Testing

Appvance | October 10, 2022

Appvance and Peraton have entered into a collaborative partnership to accelerate the software testing process for federal government agencies. The partnership will focus on supporting digital transformation initiatives within government agencies, updating their digital operations and capabilities for better efficiency and responsiveness, and ultimately delivering improved quality and user experiences that better meet their organizational missions. "We're excited to include Appvance IQ, an AI-driven autonomous continuous testing platform, as a new technology within the cloud and application services that we can offer to our federal customers, The addition of AIQ as a solution in our offerings will help our customers approach quality and user experience more strategically. The combined solutioning will elevate the effectiveness of software development activities, as well as improve release velocity." -Gary Wang, Vice President, Cloud & Application Services at Peraton. Peraton is doing exciting work helping its customers transform their application delivery capabilities and achieve mission success. We're delighted to be partnering with them to serve the federal government, said Appvance CEO Andre Liao. It's gratifying that such a large, impactful IT innovator would select AIQ as a key AI/ML technology to help ensure their customers' quality engineering success. Federal customers that engage with Peraton to support their Digital Transformation efforts—particularly those looking to eliminate process inefficiencies and bottlenecks in their software development lifecycle—will be able to choose to license AIQ as part of their customized solution. The Peraton/Appvance collaboration will assist customers with implementing the platform as well as supporting the transition to faster release cycles and more focused quality efforts. About Appvance: Appvance is the technology leader in AI-driven test generation and autonomous testing, revolutionizing software quality. The company's premier product, Appvance IQ™ (AIQ), helps enterprises improve the quality, performance and security of their applications, all while transforming the ability of their development organizations to meet the demands of the increasing speed and frequency of software releases. AIQ provides organizations the intelligence they need to test what matters most, providing businesses confidence that they are delivering great experiences to their users. About Peraton: Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world's leading mission capability integrator and transformative enterprise IT provider, we deliver trusted and highly differentiated national security solutions and technologies that keep people safe and secure. Peraton serves as a valued partner to essential government agencies across the intelligence, space, cyber, defense, citizen security, health, and state and local markets. Every day, employees do the can't be done, solving the most daunting challenges facing our customers.

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EMERGING TECHNOLOGY,CYBERSECURITY

QinetiQ US Completes Acquisition of Avantus Federal

Avantus Federal | November 24, 2022

Lorton, VA and McLean, VA – QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, an integrated global defense and security company, announced today that it completed its acquisition of Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today. This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees. This integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus’ advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions. The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-U.S. allied nations including the United Kingdom and Australia. “I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission, This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.” -Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc. Andy Maner, Chairman and Chief Executive Officer of Avantus, said the combination with QinetiQ US is key to providing more opportunities and growth for our people and customers. We started this journey with our great partner, NewSpring Holdings, and now we’re taking a critical step forward that allows our collective team to leverage additional scale and investments across our world class talent, technology, and processes at a pivotal time in our market and geopolitical landscape. “We are thrilled to welcome our Avantus colleagues to QinetiQ US, Avantus’ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.” QinetiQ is a leading science and engineering company dedicated to protecting lives and securing the vital interests of defense and security customers with distinctive offerings in experimentation and technology; cyber and information advantage; engineering services and support; robotics and autonomous systems; training and mission rehearsal; and, test and evaluation. This is complimented by the Avantus capabilities to leverage a strong consulting force to deliver technology, cyber, data, digital engineering and integration, intelligence analysis, and operations strategy and tactics to its clients, ensuring maximum efficiency and impact. -Shawn Purvis, President and Chief Executive Officer of QinetiQ US. About QinetiQ US: QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), an integrated global defense and security company focused on innovation for defense, security and civil customers. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defence Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required. About Avantus Federal: Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.

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