GOVERNMENT BUSINESS,GOVERNMENT INSURANCE
Voxtur | July 06, 2022
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that, further to the news release issued on June 9, 2022, it has completed the arm's length acquisition of Municipal Tax Equity Consultants Inc. ("MTEC") and its associated entity, MTAG Paralegal Professional Corp., acquired MTE Paralegal Professional Corporation ("MTEP", and together with MTEC, “MTE”) (collectively, the "Acquisition").
MTE provides technology-enabled solutions to help municipal governments maximize property tax revenue, mitigate future liabilities, manage operations from emerging opportunities, and develop property tax policy frameworks.
"As a fully integrated real estate technology company, we are setting new standards built on innovation and execution, This acquisition expands Voxtur's reach as a reliable source of targeted data and industry expertise to benefit municipalities."
-CEO Jim Albertelli, Voxture.
The purchase price for the acquisition of MTEP is $900,000 payable in cash and the aggregate purchase price for the acquisition of MTEC by Voxtur is $3,500,000, subject to customary adjustments, (the “MTEC Purchase Price”), paid in a combination of cash, totaling $2,200,000, and common shares of the Company (“Common Shares”), with $800,000 of the MTEC Purchase Price satisfied by the issuance of 808,080 Common Shares at closing, priced at $0.99 per Common Share, and $500,000 of the MTEC Purchase Price satisfied by the issuance of up to 505,050 Common Shares subject to an escrow hold period of 18 months priced at $0.99 per share. The number of escrowed shares to be issued following the escrow hold period are subject to a downward adjustment. In addition, $500,000 of the cash portion of the MTEC Purchase Price will be subject to an escrow hold period of 18 months.
In addition to the benefits the Company will see as a result of the Acquisition, the property tax sector has embraced Voxtur's flagship sketch technology, known as Apex. The proprietary imagery and web-based GIS applications unify property-related data and enable desktop review of properties. The software, data analytics, and visual intelligence are focused on real property and primarily serve the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private. Counties across North America see the benefits from this technology resulting in efficiencies impacting productivity and accuracy.
About Voxtur-
Voxtur is a transformational real estate technology Company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada.
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CYBERSECURITY
Booz Allen | July 26, 2022
Booz Allen Hamilton (NYSE: BAH) announced today it has partnered with Acalvio Technologies to improve the nation’s cybersecurity operations with proactive defenses that will help government and commercial organizations build greater resilience in the face of an increasingly dynamic threat landscape. This partnership complements Booz Allen’s National Cyber strategy by adding cyber deception to the firm’s intelligence-grade tradecraft and full-spectrum capabilities.
Acalvio’s patented and award-winning Autonomous Deception product, ShadowPlex, the only advanced cyber deception product with FedRAMP certification, enables organizations to detect, investigate, and respond to malicious activity in information technology (IT) and operational technology (OT) environments across on-premises and cloud deployments. Together, Booz Allen and Acalvio will bring these sophisticated capabilities to government and commercial clients to combat advanced cybersecurity challenges, including advanced persistent threats (APT), ransomware, and insider threats. Key benefits of the partnership include:
Accelerated Threat Detection to Connect the Dots: With more than 5,000 cyber professionals with proven skillsets to support clients, Booz Allen cuts through the noise and connects across missions, sectors, and data silos to provide a comprehensive view of the threat landscape. Now, with Acalvio’s ShadowPlex, clients can better prioritize the endless number of alerts they receive with high-confidence alerts across identity management and cyber asset threats that are not always prevented by traditional sensor strategies. This approach reduces the attacker dwell time with early detection and increases security operations center efficiency with sophisticated investigation.
Adversarial Insights to Outpace the Competition: Backed by over 20 years of support across classified missions and commercial critical infrastructure sectors, Booz Allen uses a combination of reverse engineering, defensive technologies, predictive analytics, vulnerability assessments, proactive threat hunting, artificial intelligence (AI), and machine learning (ML) in preparation for adversaries. Now, this portfolio adds Acalvio’s patented Deception Farm architecture, a key differentiator for clients, to deploy deceptive artifacts—like fake hosts or “honeypots” —that act as tripwires to detect intruders to better understand their behaviors. Combined, these solutions allow for new and unique insights that can be quickly implemented to stop bad actors in their tracks.
Automated Deployments to Stay Ahead: Innovative solutions are only as good as their ability to rapidly integrate into the mission and quickly drive outcomes. Acalvio’s ShadowPlex automates and simplifies the configuration and deployment of deception artifacts, combining pre-defined playbooks with an AI-based recommendation system. With this partnership, Booz Allen will provide ready-to-deploy packaged solutions that automate service delivery to create scale, with lower cost, and greater mission impact.
“As cyber threats grow increasingly advanced, Booz Allen is committed to developing secure, trusted, and resilient strategies that enhance the nation’s cybersecurity posture, To outpace the adversary, it is imperative that government and commercial organizations better integrate and synchronize the way they conduct cyber offense and defense. Booz Allen’s partnership with Acalvio achieves this, using offensive insights to inform cyber defense and addressing current gaps in the marketplace. This innovative approach operationalizes insights in real time so we can evolve our solutions to keep pace with the cyber landscape.”
-Garrettson Blight, Director of National Cyber Solutions Booz Allen.
The strategic partnership adds cyber deception to Booz Allen’s multiple cyber-enabled platforms for OT, cloud security, 5G technology security, connected health, and weapons systems cybersecurity, and complements Booz Allen’s existing operational capabilities such as threat hunting, detection engineering, and zero trust.
“We are proud to partner with Booz Allen to deliver innovative and ready-to-deploy cyber deception capabilities for government and commercial clients, These offerings will empower government and commercial organizations to combat advanced cybersecurity challenges with solutions that deploy at speed and at scale in a fast-changing environment. With a combined focus on relentless innovation, this collaboration will allow clients to stay ahead of the competition and defend their most critical assets.”
-Ram Varadarajan, CEO and Co-founder of Acalvio Technologies.
With cross-sector mission understanding, battle-tested approaches, and ready-to-deploy solutions, Booz Allen is disrupting how the nation tackles cybersecurity and is taking a holistic approach to anticipate and solve the most complex cyber challenges. Learn more about Booz Allen’s vision for bolder cybersecurity strategy, operations, and solutions, and the firm’s long history of supporting U.S. government work in cyber defense and offense.
About Booz Allen Hamilton-
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.
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GOVERNMENT BUSINESS,CYBERSECURITY
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:
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising.
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