Senate Finance Committee and House Oversight Committee Take Aim at Drug Pricing

Bio Space | January 30, 2019

The U.S. Senate Finance Committee and the House Oversight Committee started hearings on Tuesday, January 29, focused on dealing with high drug prices. In the Finance Committee hearing, chair of the committee, Sen. Chuck Grassley, (R-IA), began by saying tackling high prescription drug prices was a priority and attacked pharmaceutical companies for agreeing to speak privately at the hearing, but not publicly. “I want to express my displeasure at the lack of cooperation from the pharmaceutical manufacturers recently,” Grassley stated.

Spotlight

Part 1 - 2014 Oakland County State of the County Address. Part One of the 2014 State of the County Address by Oakland County Executive L. Brooks Patterson on February 12th 2014 at the Centerpoint Marriott.

Spotlight

Part 1 - 2014 Oakland County State of the County Address. Part One of the 2014 State of the County Address by Oakland County Executive L. Brooks Patterson on February 12th 2014 at the Centerpoint Marriott.

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GOVERNMENT BUSINESS

Splunk Receives Provisional Department of Defense Impact Level 5 Authorization

Splunk | September 03, 2021

Splunk Inc. provider of the Data-to-Everything Platform, is proud to announce the U.S. Defense Information Systems Agency (DISA) has granted the Splunk Cloud Platform U.S. Department of Defense (DoD) Impact Level 5 (IL5) Provisional Authorization (PA). U.S. Government agencies are now able to leverage the power of Splunk Cloud Platform to solve their challenging mission-critical problems, even when working with high sensitivity Controlled Unclassified Information (CUI). “The US Government has Splunk’s unwavering commitment to make the strategic investments necessary to meet their often complex mission-critical needs,” said Teresa Carlson, President and Chief Growth Officer at Splunk. “The DoD Impact Level 5 authorization for Splunk Cloud Platform further demonstrates that commitment by providing a secure, cloud compliant platform to enable data-driven decision making and promoting faster innovation.” In today’s digital landscape, cyberattacks continue to rise, focusing on extracting valuable data. With immense amounts of data located across countless enterprise sources, the U.S. Government holds the most sought-after data globally, making it a constant target. The DoD IL5 authorization assures that Splunk Cloud Platform meets DoD security and compliance requirements, allowing agencies to protect their data and take decisive action to help achieve mission success. Splunk Cloud Platform helps public sector organizations gain objective insights from data to make confident decisions and take action at the speed a mission demands. Thousands of public sector agencies worldwide are leveraging Splunk. About Splunk Inc. Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

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GOVERNMENT BUSINESS

Combination of Octo with Sevatec Establishes the Premier Pure-Play IT Modernization to the Federal Government

Octo | December 16, 2020

Octo, a chief supplier of arising innovation and IT modernization administrations for the Federal Government, reported today its mix with secretly held, Fairfax-based Sevatec, a main supplier of strategic programming advancement arrangements and computerized modernization administrations to the Federal Government. The blend of Octo and Sevatec makes an exceptionally deft accomplice to government clients that can address complex innovation challenges with development, high-contact administration, and generous specialized and operational assets. The joined association has developed each year since initiation and today creates almost $300 million in income and utilizes around 1,100 talented workers committed to addressing specialized difficulties for government clients across the Defense, Intelligence, National Security, Federal Health, and Civilian commercial centers. Established in 2003, Sevatec drives progressions in innovation, open-source tooling, business best practices in human-focused plan, Agile conveyance, DevSecOps, start to finish security, cloud administration joining, information designing, and computerization. With nearly $400 million in late prime Digital Modernization contract wins, exceptionally essential agreement vehicles, and separating advancements, for example, ShiftUp™, Sevatec has strong force in key business sectors and makes reciprocal extension open doors for the consolidated business to seek after. Sonny Kakar, Founder and CEO of Sevatec, said, “I have known Mehul for years and have admired deeply what Octo has been able to achieve. Octo was the only company we considered for such a transaction because of our shared values and cultural alignment. While the industrial logic of the merger resonated tremendously with us both, it also became evident that it would create significant growth opportunities for our employees and allow the combined business to compete at scale and solve some of the most pressing challenges facing our customers. In a market full of multi-billion-dollar organizations that provide a wide variety of traditional products and services, customers are seeking highly specialized, mid-sized technology partners with deep experience in digital modernization, which is exactly what the combination of Octo and Sevatec offers.” Sevatec’s core leadership team will play leadership roles in the combined business. As part of the transaction, Sonny Kakar will serve as Vice Chair of the Board and Head of Strategy while Tim May, Sevatec’s Chief Growth Officer, will serve as the Chief Growth Officer for the combined organization, a position that was previously unfilled at Octo. Furthermore, Chuck Schefer, EVP at Sevatec, will serve as EVP managing programs in the GSA, DHS, and USPTO markets, among others. Mehul Sanghani will continue to serve as the combined firm’s CEO. The consolidated firm will incorporate market-driving exclusive arrangements and marked protected innovation covering the full modernization range from DevSecOps (ShiftUp™) to Agile Software Engineering (Javana) to Open Source Software Development (Octo CX), to Artificial Intelligence and Blockchain arrangements, all oversaw and improved inside Octo's oLabs™ R&D office. The joined firm will likewise incorporate an unrivaled profundity of enormous scope modernization capabilities and experience across the whole federal space with establishment positions in a few organizations. Organizations profiting by the consolidated organizations' endeavors incorporate significant modernization programs inside the Intelligence Community at the National Geospatial Intelligence Agency (NGA); inside National Security on groundbreaking projects across the Department of Homeland Security (DHS); and at present day programming industrial facilities being stood up inside the DoD, for example, the Air Force's Kessel Run program. Octo and Sevatec additionally have significant parts at Health and Human Services (HHS) on activities across the National Institutes of Health (NIH) and significant modernization programs at Civilian offices like the General Services Administration (GSA), Department of Transportation (DoT), and Patent and Trademark Office (USPTO). “With this transaction, I firmly believe we have created a unique, market-shaping organization that is unmatched in terms of its collective ability to be a pure-play modernization and technology solutions provider to the Federal Government and its wide-ranging missions,” said Mehul Sanghani, Octo’s Founder and CEO. “I truly believe no other firm in the federal market can boast a combined culture of innovation and a combined talent base of high-end engineers with expertise in Agile/DevSecOps, open-source software development, cloud engineering, cyber, and artificial intelligence. More importantly, very few federal technology providers can cite large scale modernization success across the end-to-end breadth of mission systems we do collectively – from the Intelligence Community to Health Care Agencies to Defense Systems to National Security and Civilian missions, our breadth of modernization support covers the gamut.” “Over the years, we have teamed with Sevatec – and competed against them – and through it all there has always been a mutual respect between us that laid the groundwork for today’s announcement,” Sanghani continued. “I have long admired the company Sonny has built, and I am elated that we were able to find a partner in Sevatec that complements Octo in so many ways, one that also shares our unwavering commitment to our employees, customers, and the community.” “Individually these two companies are extremely well-managed and consistently deliver for their customers, while also caring for their employees. You see that reflected in their continuous growth through the years,” said Michael Lustbader, Managing Partner at Arlington Capital Partners. “We have admired Sevatec for some time, and we felt this would be a fantastic combination. Arlington is really excited to see what can be accomplished together.” Octo, founded by Mehul Sanghani in 2006, partnered with Arlington Capital in April 2019 and subsequently acquired Phoenix-based Connexta, LLC, a provider of open-source software to the DoD and Intelligence Community. Sheppard Mullin served as legal advisor to Octo on this transaction. Pillsbury Winthrop Shaw Pittman LLP served as legal advisor, and Baird served as exclusive financial advisor to Sevatec on this transaction. About Octo Octo challenges the status quo, empowering federal agencies to leap IT hurdles by using emerging technologies to create transformative solutions that enable rapid modernization, enhance citizen engagement, and maximize human impact. We continually explore ways to transform IT, producing results vital to national security, intelligence, health care, and more. About Sevatec Sevatec builds the software that powers exceptional government missions. Our Digital Software Supply Chain, ShiftUp™, which brings together commercial best practices and advanced technology tools in Agile delivery, human-centered design, DevSecOps, Cloud, Security, and Data, has helped us modernize several hundred applications across the Federal Government. Founded in 2003 on the concept of “Seva,” meaning “to serve a greater purpose,” we serve the missions of Homeland and Law Enforcement agencies, Department of Defense, General Services Administration, Department of Transportation, and multiple civilian departments and agencies.

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GOVERNMENT BUSINESS

SAIC Ranked #1 in Gartner Market Share: IT Services, Worldwide 2021

SAIC | May 23, 2022

Science Applications International Corp. announced that Gartner’s new Market Share report on IT services ranked the company as the #1 provider by revenue of IT services to the U.S. government in two categories; infrastructure implementation and managed services, and application managed services. This is the second consecutive year the company was ranked #1 for application managed services. Additionally Gartner’s report also ranked SAIC as the #2 provider of application implementation and managed services, and for the second year in a row #3 for technology consulting, and the #3 overall IT services provider by revenue in all segments for the U.S. government. Gartner’s Market Share: IT Services, Worldwide 2021 provides a comparison of 2021 revenue performance and market share rankings for more than 250 IT service providers. We feel it is thanks to the expertise, customer focus and dedication of our employees, that SAIC is highly ranked in several critical categories of services provided to the U.S. government. We are thrilled to be ranked the number one U.S. government services provider by revenue for infrastructure implementation and managed services, as well as application managed services for the second year in a row. We believe, these rankings demonstrate SAIC’s continued investment and focus on modernization services to continue providing value to our customers.” Sanjay Sardar, senior vice president of digital at SAIC Gartner also mentioned SAIC in a separate report, Competitive Landscape: Cloud Infrastructure and Platform Professional and Managed Services, U.S. Government. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About SAIC SAIC is a premier Fortune 500 technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective and efficient solutions that are critical to achieving our customers' missions. We are approximately 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion.​​​​

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