Globenewswire | August 11, 2023
Virtru, the global leader in data-centric security and privacy, today announced that the Virtru Data Security Platform received Authorization to Operate (ATO) at the Moderate level under theFederal Risk and Authorization Management Program (FedRAMP®). This authorization was sponsored by the Centers for Disease Control and Prevention.
TheVirtru Data Security Platformunderpins a holistic suite of data protection products that empower public- and private-sector organizations to scale data-centric security across sensitive data workflows. The Virtru platform first achieved FedRAMP ATO at the Moderate level in 2019, and since that time, Virtru has continued to expand the platform to provide the federal government and its contractors with secure encryption, access controls, and key management capabilities. This includes the addition ofVirtru Secure Share, an encrypted file-sharing solution that equips organizations to securely send and receive sensitive data while retaining complete, continuous control over that shared data, with data owners having the ability to revoke access at any time.
“Federal organizations are realizing the urgent need for data-centric security, embracing strategies that enhance rather than impede the mission by prioritizing control and secure access to data at a granular level first, while also protecting the systems and networks that store and transmit it,” said Will Ackerly, co-founder and CTO, Virtru. “This includes the Office of the Director of National Intelligence (ODNI), which recently announced its intent toimplement a data-centric frameworkto address rapidly emerging cybersecurity challenges, highlighting the value and urgency of data-centric security to enable mission success.”
Ackerly added, “Virtru’s Data Security Platform gives federal organizations the critical foundations needed to execute against advanced data-centric cybersecurity strategies. The ATO was sponsored by the Centers for Disease Control and Prevention, which utilized our Data Security Platform to control and govern sensitive data both in motion and at rest. Virtru’s FedRAMP Moderate ATO could not have come at a more critical time for our nation, and we look forward to our continued technology deployments for our federal customers.”
Virtru’s FedRAMP Moderate authorization expedites procurement and solution authorization for Virtru’s federal customers. Additionally, the authorization validates the strength and trustworthiness of Virtru’s commercial solutions, which are built on the same robust and secure platforms that safeguard sensitive data flowing through email, file-sharing platforms, and SaaS apps.
Virtru applications arealso compliant with FIPS 140-2, an encryption security requirement for cryptographic modules used by federal government agencies and contractors. These organizations can additionally leverage the FedRAMP-authorized Virtru Data Security Platform and suite of applications to improve security and meet compliance requirements, such as those outlined by the Cybersecurity Maturity Model Certification (CMMC), the International Traffic in Arms Regulations (ITAR), Criminal Justice Information Services (CJIS), and more.
At Virtru, we empower organizations to easily unlock the power of data while maintaining control everywhere it’s stored and shared. More than 8,000 global customers trust Virtru to power their data-centric, Zero Trust strategies and safeguard their most sensitive data in accordance with the world’s strictest security standards. Creators of TDF (Trusted Data Format), the open industry standard for persistent data protection, Virtru provides encryption technology for data shared through email, collaboration tools, cloud environments, and enterprise SaaS applications.
Government Business, Cybersecurity
businesswire | August 17, 2023
CoSo Cloud LLC (CoSo), a Class Technologies company, and leading provider of secure, private-cloud managed services and custom applications for high-consequence eLearning and virtual training, today announced its platform has received StateRAMP authorization for leading eLearning and virtual classroom offerings from Adobe® and Class Technologies. This milestone achievement enables all U.S. state government agencies reliant on public tax dollars to make assured investments in and harness the utmost level of secure technology for government training and education.
StateRAMP is a critical cloud security assessment and authorization program designed to address the specific technology and compliance requirements of state and local governments. With this authorization, state government agencies and publicly funded educational institutions are now equipped with the highest levels of security and compliance, aligning seamlessly with the stringent requirements to protect government and citizen data. CoSo Cloud's StateRAMP authorization builds upon CoSo’s FedRAMP security authorizations for Federal Government agencies, and represents a significant industry advancement in secure eLearning and virtual training solutions, further reinforcing the company's position as a preeminent and trusted partner for public sector organizations.
"The CoSo Secure Private Cloud Platform has the most secure and compliant authorizations in the industry,” said David Nelson, Head of Cyber Security at CoSo Cloud. “With the StateRAMP authorization, customers who rely upon Class and Adobe for virtual training and eLearning are now able to deploy their training and education initiatives with the utmost confidence and security."
CoSo Cloud's StateRAMP-compliant offerings come equipped with robust data encryption, secure access controls, continuous monitoring and regular audits to ensure ongoing adherence to the highest security standards. As a result, government agencies can leverage the innovative tools that CoSo manages to optimize their workforce training, professional development, and educational programs without compromising on security or compliance.
About CoSo Cloud
CoSo Cloud LLC, a Class Technologies Inc. company, provides secure private-cloud managed services, custom software applications, and expert professional services for high-consequence virtual training and eLearning. Global enterprises and government agency customers rely on CoSo to complete their Adobe Connect, Adobe Learning Manager and Class solutions when security, compliance, and reliability requirements demand more from virtual meetings and learning management systems. CoSo Cloud is an Adobe, Class Technologies, SAP, and Zoom partner.
PR Newswire | July 05, 2023
DroneShield Ltd has been awarded a follow-on 2-year R&D contract with a total value of $9.9 million by a Five Eyes Department of Defence (DoD). Approximately $4.5 million is due in the September and December 2023 quarters. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia and NZ.
The award follows DroneShield materially completing the $3.8 million contract announced 4 June 2021 with the DoD, with a final milestone payment expected this month.
Oleg Vornik, DroneShield's CEO, commented, "Follow-on contracts are the ultimate customer measure of our performance. As an Australian sovereign industrial capability business, DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer."
"This is the largest long-term contract received by DroneShield to date, significantly larger than the earlier, $3.8 million contract. The 2-year term locks in cash receipts over a period of time. Further larger contracts are anticipated following completion of this phase."
"In the current uncertain geopolitical environment, there is a significant focus by the Five Eyes Governments to procure from defence industrial capability champions within their network of countries. Having deep engineering and research capability, TRL9 products and a track record of working with Defence, places DroneShield in a favourable position for ongoing work."
Following a strong $7 million cash receipts 1Q23 quarter, DroneShield is on track for an all-time record 2Q23 quarter and continuing on a trajectory for another record year for cash receipts in 2023. Further detail will be provided in the next 4C quarterly, due to be released later in July.
Significant progress on manufacturing, operations and inventory scale-up to support additional anticipated orders for remainder of 2023. DroneShield is currently finalizing the location for a larger industrial site to move its Sydney operations to enable the growth.
With the $11 million contract announced in December now fully delivered and paid for, DroneShield is progressing the inventory build of the second $11 million order announced in January, expected to be delivered later this year.
Current order book (committed and binding customer purchase orders) of approximately $29 million, an all-time record.
Over $200 million qualified opportunities pipeline (in addition to the order book), across approximately 80 projects.
Ongoing record demand for counterdrone / C-UAS equipment, underscored by the events in Ukraine and increasing defence and security budgets globally.
In addition to military and intelligence communities, significant engagement with critical infrastructure plants, airports and other civilian customers.
About DroneShield Limited
DroneShield provides Artificial Intelligence powered platforms for protection against advanced threats such as drones and autonomous systems. We offer customers custom counterdrone (or counter-UAS) solutions and off-the-shelf products, designed to deliver highly effective capabilities for multiple missions and use cases. Our customers include military, government, law enforcement, critical infrastructure, and airports globally.