Trump administration sees no loophole in new Huawei curb

Huawei | June 24, 2020

The U.S. government sees no loopholes in a new rule aimed at crimping global chip sales to China’s Huawei and will “aggressively” crack down on any bid to disobey the intent of the curb, Commerce Secretary Wilbur Ross said on Tuesday. The rule, released in May, expands U.S. authority to require licenses for shipments of some foreign-made chips to the telecoms equipment giant. It was drafted after China hardliners in the administration became frustrated that Huawei’s blacklisting last year by the United States over national security concerns did not go far enough to cut off its access to global supplies.

Spotlight

President Donald Trump sought to take credit Tuesday for a major manufacturing complex in western Pennsylvania in his latest effort to reinvigorate the Rust Belt support that sent him to the White House.

Spotlight

President Donald Trump sought to take credit Tuesday for a major manufacturing complex in western Pennsylvania in his latest effort to reinvigorate the Rust Belt support that sent him to the White House.

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EMERGING TECHNOLOGY,CYBERSECURITY

Merlin Cyber Unveils Marketplace that Empowers U.S. Government with Simpler, More Flexible Way to Procure Cybersecurity Tools

Merlin Cyber | August 30, 2022

Merlin Cyber, a public sector platform of cybersecurity solutions, technical expertise, and go-to-market acceleration, today announced the Merlin Interchangeable Nominal Tokens (MINT) marketplace. The MINT marketplace is designed to enable U.S. Federal, State, and Local Government agencies to redeem tokens for a broad array of cybersecurity tools and services that are public sector-ready and can be managed through a single online portal. The U.S. Government is one of the largest consumers of cybersecurity solutions and represents one of the most complex go-to-markets globally. Rapidly evolving agency transformation initiatives, ever-changing cybersecurity threats, and changing regulatory and mission requirements are driving the need for agencies to access innovative cybersecurity solutions with greater flexibility than ever before. The MINT marketplace provides that simplicity and flexibility. Agencies can now purchase and manage public sector-ready cybersecurity solutions powered by the Merlin Cyber marketplace using exchangeable tokens. “Agencies need a way to be more agile in leveraging their investments, more responsive to the emerging threat landscape, and more flexible in being able to get the right products at the right time and the right scale, Resources are also a big concern for many agencies. Bringing Merlin’s technical cybersecurity capabilities along with our 25 years of public sector experience into MINT enables us to put forth a wide array of best-in-class, public sector-ready cybersecurity offerings, all available under one program. MINT can help agencies accelerate their zero trust journeys to securing identities, devices, networks, applications, and data.” -Julie Xiang, Chief Revenue Officer of Merlin Cyber. About Merlin Cyber: Merlin Cyber is a powerful ecosystem of cybersecurity investment, innovation, technical expertise, and go-to-market acceleration with 25 years of experience working with the U.S. Public Sector. Through Merlin, federal civilian, defense, state, local, and education customers access innovative cybersecurity solutions that have been strategically curated due to their ability to meet public sector requirements and mission priorities effectively. Merlin does this by selectively partnering with best-in-class cybersecurity brands, investing in innovative emerging technologies, and accelerating growth and value creation for its partners. This enables the U.S. Public Sector to successfully keep ahead of today’s critical threats, accelerate modernization initiatives, and defend our nation

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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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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

Government Brands Becomes "Catalis" for Transforming Government

Government Brands, LLC | September 01, 2022

Government Brands, LLC, the trusted technology partner for thousands of US and Canadian government entities, has launched a rebrand as Catalis TM. Catalis is one of North America's leading government Software as a Service (SaaS) and integrated payments providers, powering municipal, county, state, and federal governments. Government Brands was launched in late 2017 and in less than five years strategically acquired and combined more than 30 GovTech companies across the US and Canada. This rapid growth necessitates a new way to organize and brand their broad portfolio of software and payments solutions. The rebrand, which is not a corporate restructuring, is part of the company's natural progression as it continues to grow and offer clients innovative technology and a more comprehensive suite of solutions. A recapitalization in 2021, with leading investors PSG and TPG, elevated Government Brands to "unicorn" status, with a valuation exceeding $1 billion. Rebranding is the next step of evolution toward further expansion and positioning Catalis as North America's premier software and digital payments provider to government. "This an exciting time – not only for our company but also for our customers and stakeholders, This rebrand reflects the evolution of our company and provides an opportunity to better communicate the wide range of best-in-class solutions we provide. We look forward to uniting our existing brands under one comprehensive citizen-first brand focused on serving government, The inherent complexity of government can hinder change, and no one feels this more than the people who work there: the public servants who work tirelessly to meet the needs of their citizens, Catalis understands those challenges and provides the technology, expertise, and agility to successfully deploy modern, transformative solutions, Our existing customers will continue to experience the same customer-centric service they have grown to know and rely on, and we're excited to develop new partnerships at all levels of government,The rebrand to Catalis is just the next step in our progression to providing the technology and innovation to meet – and exceed – the expectations of a modern digital government." -John Kristel, CEO of Catalis. "Catalis" is inspired by the word "catalyst," which describes the company's mission: to serve as a catalyst for creating a modern digital government. Their deep expertise, proven track record, and purpose-built digital solutions empower public officials to advance government and engage citizens through technology. The company offers a wide range of technology solutions across government with a portfolio of leading SaaS solutions for Citizen Engagement, Courts, Land Records, Public Works, Tax, Regulatory & Compliance, and CAMA, and integrated systems for Payments. While the brand name has changed, Kristel assures customers that Catalis will continue to provide an unparalleled customer service experience, including an expanded range of resources and solutions to help them modernize government and engage citizens. About Catalis: Catalis is the transformational SaaS and integrated payments partner powering all levels and sizes of government – municipal, county, state, and federal. With deep expertise, a proven track record, and innovative digital solutions, Catalis has empowered public servants across the US and Canada to modernize government and engage citizens.

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