PR Newswire | January 08, 2024
Resecurity (USA), a global cybersecurity solutions provider protecting Fortune 500 and government agencies worldwide, proudly announces the successful completion of its official registration process with the National Cybersecurity Authority (NCA) in Saudi Arabia. This achievement solidifies Resecurity's status as a registered and authorized cybersecurity service provider within the Kingdom. Resecurity has been added to the list of accredited cybersecurity service providers on the official WEB-site of the NCA under number 248. Resecurity's comprehensive portfolio of services is tailored to government and law enforcement organizations, making them a trusted partner in the field of cybersecurity fully compliant with existing regulations and legislation.
On April 25, 2022, the NCA issued a public call to entities providing cybersecurity services, solutions, or products in Saudi Arabia to register their data through the NCA's website. The initiative, which became a mandatory requirement for relevant entities starting August 1, 2022, aims to enhance the overall cybersecurity landscape in the Kingdom and foster a secure and reliable cyberspace conducive to growth. Separately, the NCA indicated that this requirement enhances the efforts made in developing and regulating the cybersecurity market and industry in the Kingdom of Saudi Arabia, and outlined the same precedes the issuance of necessary regulatory licenses to practice some activities related to the sector during the coming period.
Upholding the Best Cybersecurity Standards
Resecurity, in alignment with the NCA's vision, has successfully navigated the registration process, showcasing its commitment to upholding the highest standards of cybersecurity. As a registered service provider, Resecurity is well-poised to contribute to the development of the Kingdom's cybersecurity market.
"Completing the official registration with the National Cybersecurity Authority is a testament to Resecurity's unwavering commitment to cybersecurity excellence and compliance. Our mission has always been to empower organizations with advanced security solutions, and this milestone underscores our dedication to fortifying the digital resilience of Saudi Arabia. We are excited to collaborate with the Kingdom in building a robust and secure cyberspace for its citizens and businesses." - Gene Yoo, CEO of Resecurity shared his perspective on this achievement:
"Our journey in the Kingdom of Saudi Arabia is marked by this significant achievement. We are excited about the opportunity to contribute to the Kingdom's cybersecurity landscape and work collaboratively towards a digitally secure future in scope of Saudi Vision 2030." - said Mohammed Alghamdi, Managing Director of Resecurity in the Kingdom of Saudi Arabia:
NCA's Vision for a Secure Digital Future
The NCA's decision to enforce the registration requirement is rooted in its commitment to creating a safe and reliable Saudi cyberspace. By establishing a mandatory registration process, the NCA aims to ensure that entities providing cybersecurity services contribute to the overall security posture of the Kingdom.
By completing the official registration with the NCA, Resecurity reinforces its commitment to delivering cutting-edge cybersecurity solutions. As a registered service provider, Resecurity is now better equipped to contribute to the advancement of Saudi Arabia's cybersecurity infrastructure and assist businesses in navigating the constantly evolving threat landscape.
Moving Forward Together
Resecurity looks forward to collaborating with the National Cybersecurity Authority and fellow registered entities in creating a secure digital environment that facilitates growth, innovation, and prosperity. Last year, Resecurity announced the appointment of Mohammed Alghamdi as the Managing Director for its operations in the Kingdom of Saudi Arabia (KSA). With a distinguished professional career spanning government relations management and successful collaborations with both private and public sector organizations, Mr. Alghamdi is well-equipped to lead Resecurity's strategic initiatives and business development in the region. Mr. Alghamdi's career includes notable tenures at prestigious global consulting firms, including Booz Allen Hamilton, Oliver Wyman, and Bain & Company. He specializes in addressing clients' most critical issues: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions (M&A), and sustainability across all industries and geographies. As the Managing Director for Resecurity in KSA, Mr. Alghamdi will play a pivotal role in overseeing government affairs and mission-critical operations specifically relevant to the national security, aerospace and defense (A&D) verticals.
Resecurity, Inc. (USA) is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An Official Member and a Gold Sponsor of InfraGard National Members Alliance (INMA), AFCEA, NDIA, SIA, FS-ISAC and the American Chamber of Commerce in Saudi Arabia (AmChamKSA), Singapore (AmChamSG), Korea (AmChamKorea), Mexico (AmChamMX), and UAE (AmChamDubai).
Emerging Technology, Government Finance
PR Newswire | January 04, 2024
True Elements, the leader in Water Intelligence, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as True Elements' Master Government Aggregator®, making the company's industry-leading Water Intelligence SaaS solutions and data sets available to the Public Sector through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, National Cooperative Purchasing Alliance (NCPA) and OMNIA Partners contracts.
"The partnership with Carahsoft will provide Water Intelligence to Public Sector agencies, enabling them to better understand current water challenges and effectively prepare for a very different water future," said Kim Patrick Kobza, CEO of True Elements. "The key is to provide agencies with dynamic workflow solutions that are cost effective and easy to procure so they can succeed in assessing the present and forecasting the future. With Carahsoft as a partner, we can accomplish our mission to ensure all agencies have the best decision support available when responding to rapidly changing climate conditions."
The Value of Water Intelligence
Water Intelligence is a unique combination of state-of-the-art technology, scientific analysis and AI capabilities that continuously aggregates, synthesizes and transforms expansive amounts of complex water data into easily understandable, increasingly precise analyses and forecasts via scores and visualizations. These analyses and forecasts produce deep, clear insights that help decision-makers better understand water resources to make fully informed decisions about how to manage and optimize resources.
Water Intelligence Helps Public Sector Leaders Ensure a Water-Resilient Future
Changing weather patterns are creating climate crises across the globe. Ninety percent of those crises are experienced through water. True Elements' SaaS solutions and data sets quickly and easily provide Public Sector leaders with in-depth insights necessary for fully informed, confident decision-making to address water challenges at the local, regional and national levels.
Insights into current water quality and quantity challenges (pollution, demographic considerations, etc.) as well as future disruptive events or long-term changes to water resources (drought, sea level rise, flood risk, etc.) help Government leaders make the strategic decisions necessary to ensure their organizations, assets, operations and communities can adapt and thrive in a climate with rapidly changing hydrologic cycles. True Elements' Water Intelligence platform easily, efficiently and cost-effectively delivers the understanding decision makers need with color coded scores and visualizations.
"The Public Sector is currently facing water-related challenges that are expected to increase in number and severity if left unaddressed," said Harjeet Khalsa, Sales Director, Google ISV Ecosystem at Carahsoft. "Through collaboration with our reseller partners and the addition of True Elements' Water Intelligence solutions to our offerings, Government agencies are empowered to procure the resources necessary to proactively address existing water related challenges and work toward a water-resilient future."
True Elements, integrated within Google Cloud Marketplace, is now available through Carahsoft and Google's partner ecosystem. This collaboration simplifies procurement for Government agencies, granting seamless access to their Water Intelligence solutions powered by Google's robust infrastructure, ensuring efficient decision-making tools for addressing water challenges.
About True Elements
True Elements provides the deep, clear Water Intelligence leaders need to clarify water complexity and make accurate, effective decisions to address their current and future water challenges. True Elements applies a sophisticated, scientific and AI lens to multiple layers of disparate watershed data, producing reliable analysis, forecasting, and holistic insights into watershed dynamics. True Elements' Water Intelligence platform delivers insights through a fast, easy, cost-effective process and provides color-coded scores and visualizations that ensure clear understanding and communication to drive action.
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 Geospatial, Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement 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.
GlobeNewswire | January 09, 2024
On Monday January 8th, Godspeed Capital Management LP (“Godspeed”), a lower middle market Defense & Government services, solutions, and technology-focused private equity firm, announced the acquisition of Cyberspace Solutions, LLC (“CSS” or “the Company”), a provider of all-source intelligence gathering, analysis, and systems development solutions for national security missions, by its intelligence, AI/ML, and Data Analytics platform, Crimson Phoenix. CSS was formerly owned by Illuminate Operations, Inc.
Chertoff Capital, LLC, the investment banking subsidiary of The Chertoff Group, served as the exclusive investment banking advisor to Illuminate Operations, Inc.
CSS is a provider of all-source intelligence gathering, analysis, and systems development solutions, including data and analytical support services for the Intelligence Community and U.S. Special Operations Command. CSS combines decades of intelligence expertise to deliver actionable insights that enable its national security customers to make fast and informed decisions. The Company now joins with Crimson Phoenix to support its intelligence strategy and national security objectives.
Jason Kaufman, Chertoff Capital president said, “CSS is a trusted provider of all-source intelligence data and analytical support services for national security missions. The acquisition of CSS by Crimson Phoenix not only optimizes portfolio value for our client but also propels the Company towards a future marked by innovation and market leadership. We are pleased to have served as the trusted advisor to Illuminate and look forward to Crimson Phoenix’s future success.”
Ryan Hoffman, Chertoff Capital principal said, “CSS aligns perfectly with Crimson Phoenix’s national security objectives. It brings a talented workforce and coveted customer relationships to the platform. This transaction reflects our dedication to delivering strategic value for mission-oriented companies. We are thrilled to have advised Illuminate on the sale and are excited for Crimson Phoenix’s promising future.”
Tameika Hollis, CEO of Illuminate Operations, Inc., said, “Chertoff Capital provided excellent advice throughout the entire transaction process. They were instrumental in crafting a clear description of the value proposition of the business being divested, identifying the relevant set of potential suitors, soliciting interest, shepherding the process of selecting the acquirer, navigating the challenges of bringing the transaction to a successful conclusion, and ultimately finding a great new home for the business. We appreciate their hard work and wise insights.”
About Chertoff Capital
Chertoff Capital is the investment banking subsidiary of The Chertoff Group, a specialized advisory firm that helps organizations achieve their business and security objectives in a complex risk environment. As an industry leading investment bank serving high growth, mission-focused companies in the defense technology, government services and cybersecurity markets, Chertoff Capital provides clients with a highly differentiated advisory offering that brings together transaction expertise and unparalleled business strategy insights. Chertoff Capital professionals have advised on well over 100 transactions over the last 20 years. Chertoff Capital is an SEC registered broker dealer and a member of FINRA.
About Cyberspace Solutions
Cyberspace Solutions, LLC, is a leading provider of all-source intelligence, gathering, analysis, and systems development solutions for Intelligence Community, Defense, and Law Enforcement customers. CSS customizes solutions and provide actionable intelligence for targeting and other vital mission priorities.
About Crimson Phoenix
Crimson Phoenix is a leading digital, data, and intelligence analysis and solutions platform designed to support the critical mission requirements of the U.S. Intelligence Community and U.S. Special Operations Command. Headquartered in the DC/Virginia area, Crimson Phoenix offers a differentiated suite of mission-critical capabilities and solutions in artificial intelligence & machine learning, cybersecurity, digital and data enablement, software development, and intelligence targeting and analysis.
About Godspeed Capital Management
Godspeed Capital is a lower middle-market defense & government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations.