SIMBA Chain Secures a $1.5 Million Contract With the U.S. Air Force

SIMBA Chain | June 15, 2020

Blockchain innovator SIMBA Chain has been awarded a two-year, $1.5 million contract by the U.S. Air Force to fund a Phase II Small Business Innovation Research (SBIR) project. The contract, a continuation of an earlier SBIR Phase I project, includes the addition of one of the world's largest aerospace corporations and a SIMBA Chain partner. The SIMBA Chain project addresses a significant need of the U.S. Department of Defense. This includes identifying opportunities to develop cyber-related capabilities to enhance logistics and supply chain management solutions, developing specific use cases based on aerospace parts, and introducing blockchain into the Air Force's cybersecurity, logistics, and programming training curriculum and research.

Spotlight

Bribery blights lives. Its immediate victims include firms that lose out unfairly. The wider victims are government and society, undermined by a weakened rule of law and damaged social and economic development. At stake is the principle of free and fair competition, which stands diminished by each bribe offered or accepted.

Spotlight

Bribery blights lives. Its immediate victims include firms that lose out unfairly. The wider victims are government and society, undermined by a weakened rule of law and damaged social and economic development. At stake is the principle of free and fair competition, which stands diminished by each bribe offered or accepted.

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EMERGING TECHNOLOGY,CYBERSECURITY

3M Health Information Systems division secures key federal government clearance for platform IT and security

3M | September 09, 2022

The 3M Health Information Systems (3M HIS) division has achieved fully authorized Federal Risk and Authorization Management Program (FedRAMP) status for its 3M RevCycle health services platform (RHSP). 3M HIS is the company's first division with a FedRAMP-approved product. With this designation, 3M RHSP is published on the FedRAMP marketplace, allowing federal entities to more easily contract and work with the company. 3M RHSP hosts and supports key operations offered by 3M HIS, including natural language processing (NLP) support for medical coding, clinical documentation integrity, clinician input and medical coding edits, self-service reporting, and evaluation and management. 3M RHSP utilizes robust statistical methodologies to create a comprehensive NLP platform that suggests medical codes, assists with medical terminology, and eases the provider front-end workflow. "We duplicated our commercial Health Services Platform to operate through Amazon GovCloud to achieve a fully authorized FedRAMP status, I am extremely proud of our federal markets team for achieving a FedRAMP ATO (authority to operate), which provides our platform with enhanced visibility, opens the door for us to secure cloud-hosted contracts with federal organizations, and makes it easier for us to add more products and solutions that are cybersecure and government approved." -Kim Aiello, director of federal market solutions, 3M HIS. The federal government is one of the largest buyers of cloud technology, according to FedRAMP. Cloud service providers (CSPs) offer innovative products that can help federal agencies save time and resources while meeting their critical mission needs. 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 and risk assessment for cloud technologies and federal agencies. For CSPs, FedRAMP provides a standardized security framework for all cloud products and services that is recognized by all executive branch federal agencies. CSPs only need to complete the FedRAMP Authorization process once for each cloud service offering and perform continuous monitoring, with all agencies reviewing the same continuous monitoring deliverables, creating efficiencies across the government. About 3M: 3M ( NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet.

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INFRASTRUCTURE,CYBERSECURITY

MicroAge Expands its Cybersecurity and Infrastructure Expertise with the Acquisition of cStor

MicroAge | July 16, 2022

MicroAge, The Digital Transformation Experts®, announced the acquisition of cStor, a leading provider of cybersecurity, modern infrastructure, and digital transformation solutions. The acquisition will expand MicroAge's robust digital transformation service offerings to provide enhanced solutions and services for its clients, including a mature cybersecurity practice as well as extensive data center delivery and networking engineering expertise. cStor was founded in 2002 by Bill Nowlin and initially launched as Custom Storage, providing data center consulting and solutions. Over the past few decades as technology and cybersecurity threats have rapidly evolved, cStor stayed in lockstep with the technology landscape, developing comprehensive offerings and expertise in cybersecurity, digital transformation, and modern infrastructure. In support of those practice areas, the company also expanded its professional services capabilities to enhance the value and improve overall business outcomes for clients. "Together, our companies are even better positioned for scale and growth, With our combined expertise, we can positively impact our clients' business outcomes with shared resources that expand our services, market knowledge, technology access, and technical expertise." -Rob Zack, CEO of MicroAge. Since our inception, cStor has been dedicated to client success by architecting solutions through innovative problem solving and an understanding of our clients' overall business challenges, said Larry Gentry, president and CEO of cStor. By joining MicroAge, we are better positioned to deliver the most impactful solutions and services that will successfully transform our clients' businesses now and into the future. About cStor- cStor helps organizations strategize, design, and implement cybersecurity, digital transformation, and modern infrastructure solutions and services that address the evolving needs of today's enterprise. cStor's proven capabilities with best-in-class technologies provide peace of mind and put organizations on a path to success. cStor serves clients throughout the Southwest with a focused, collaborative approach and superior results. About MicroAge- MicroAge combines a powerful mix of technology services, backed by vendor-certified engineers and an acclaimed panel of experts to deliver the competitive edge technology leaders need to lead in a disruptive, digital environment. A Gold-Certified Microsoft partner, MicroAge is recognized annually by the Computer Reseller News (CRN) in the Tech Elite 250, Solution Provider 500, and MSP 500 lists of top-performing technology integrators, strategic service providers, and IT consultants.

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GOVERNMENT BUSINESS

Parker Confirms UK Government’s Approval of the Meggitt Acquisition

Parker | July 20, 2022

Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”). Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”): Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK; Meggitt’s key areas of existing operational capability in the UK; R&D (including product engineering) and manufacturing labor headcount in the UK; Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and Contractual obligations regarding supply of goods and services to HM Government. Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent. “We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.” -Tom Williams, Chairman and Chief Executive Officer, Parker. The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022. About Parker- Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.

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