Trump administration considers tapping U.S. TSA funds for border - source

The U.S. Department of Homeland Security is considering tapping more than $230 million from the Transportation Security Administration to fund operations on the U.S.-Mexico border if Congress fails to approve additional funding, a person briefed on the matter said. NBC News reported the plan earlier, citing documents of a contingency plan to fund $1.1 billion in southern border efforts. The U.S. House of Representatives’ Appropriations Committee said on Tuesday it had not received any notification from DHS that it plans to shift existing funds. NBC News said TSA could shift $50 million that had been set aside to buy advanced airport screening equipment and $64 million from a workers’ compensation fund for injured TSA employees. The White House on May 1 asked Congress for $4.5 billion in emergency funds to address the rising number of people crossing the southwestern border with Mexico.

Spotlight

Spotlight

Related News

Government Business

Chertoff Capital advises Illuminate Operations, Inc. on the sale of its subsidiary, Cyberspace Solutions, LLC

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. TRANSACTION DETAILS 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.

Read More

Emerging Technology

CGI's Sunflower asset management cloud solution receives FedRAMP approval

PR Newswire | January 24, 2024

CGI Federal Inc., the wholly-owned U.S. operating subsidiary of CGI Inc., today announced that its Sunflower asset management cloud solution has received approval from FedRAMP, certifying CGI's cloud-based, software-as-a-service (SaaS) solution for use across federal government agencies in the U.S. CGI's Sunflower cloud solution is a proven, built-for-federal capability that enables management of client property, including federal property, personal property and IT assets. Currently enabling management of 4.2 million client assets at over 75 federal entities, Sunflower asset management solutions provide clients with improved efficiency, software standardization and predictable costs, balancing client needs for flexibility and functionality. Many of the agencies currently using Sunflower today have authority to operate in cloud infrastructure environments. "For federal asset and financial managers confronting the challenges posed by cybersecurity, cloud modernization and digital transformation, Sunflower empowers organizations to improve decision-making, accountability and transparency," said John B. Owens II, Senior Vice President Consulting Delivery, Federal Solutions Group, CGI. "Sunflower's listing as a FedRAMP-approved solution provides federal IT decisionmakers with additional confidence that CGI cloud technologies meet the highest security and compliance standards for mission-critical government entities." 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. As one of the most stringent compliance processes an IT provider can undertake, FedRAMP includes an in-depth examination of a solution's data security and data governance capabilities, as well as the security practices of its cloud services. About CGI Federal CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare, justice, intelligence, and international affairs missions. Founded in 1976, CGI Inc. is among the largest independent IT and business consulting services firms in the world. With 91,500 consultants and professionals across the globe, CGI Inc. delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI Inc. works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Inc. Fiscal 2023 reported revenue is C$14.30 billion and CGI Inc.

Read More

Emerging Technology, Government Finance

True Elements and Carahsoft Partner to Bring Water Intelligence Solutions to the Public Sector

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. About Carahsoft 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.

Read More