Trump welcomes Chinese trade negotiators amid border drama

Koam News Now | April 03, 2019

It could be a make-or-break week for the delicate trade negotiations between the United States and China as they drift further beyond the ambitious 90-day clock set last year by the leaders of the world's two largest economic superpowers. The Trump administration will welcome China's top trade negotiator in Washington on Wednesday in hopes of striking a comprehensive deal that would address long-standing concerns by the US government and top business executives. But the meeting comes as President Donald Trump is consumed with an escalating political crisis over his threat to close the US-Mexico border an echo of meetings earlier this year that were overshadowed by the partial government shutdown.

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GOVERNMENT BUSINESS

Intelligent Wave Bags Editor’s Choice As the Best Cloud Workload Protection Solution From CDM

Intelligent Waves | June 09, 2022

Intelligent Waves (IW), a leading IT integrator that provides the government with mission-focused multi-domain operational expertise and innovation through high-impact technology solutions, is pleased to announce that we have been named Editor's Choice as the Best Cloud Workload Protection solution by Cyber Defense Magazine (CDM), the industry's leading electronic information security publication. Intelligent Waves is thrilled to receive one of the most prestigious and coveted cybersecurity awards in the world fromCyber Defense Magazineduring their 10thanniversary as an independent cybersecurity news and information provider. We knew the competition would be tough, and with top judges who are leading infosec experts from around the globe, we couldn’t be more pleased.” John Hammes, Vice President and Chief Strategy Officer for Intelligent Waves The Phantom Next Generation solution from IW allows enterprises to connect to foreign points of presence for remote open-source information collecting and study while also shielding organizations and persons from foreign intelligence exposure. Furthermore, because it does not require access to a classified facility or network, the unclassified but secure cloud-based capacity facilitates telework. In this way, government organizations can benefit from a distributed, internationally remote workforce. Phantom makes use of the GRAYPATH network's full capabilities to ensure that application traffic is not detected, intercepted, or exploited, and to conceal the user's location. The Phantom platform compares the digital signature of the user to the desired place of presence. Furthermore, the user's genuine IP address, location, and data usage are hidden. User-generated traffic is made to appear to come from a remote point of presence (PoP) or interface server at the same time. The internet researcher can efficiently "hide among the noise" of normal IP activity in this manner.

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GOVERNMENT BUSINESS,CYBERSECURITY

QinetiQ US to Acquire Avantus Federal

Avantus Federal | August 08, 2022

QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc and a leading defense company providing mission-critical solutions in robotics and autonomous systems, sensing, protection systems, and next-generation autonomous vehicles announced today that it has entered into a definitive agreement to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022. Avantus is a leading provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. From supporting sensitive national security customers on some of the most complex data engineering, cyber, and analytics problems in the world, to providing key mission operational, intelligence, and cyber support to special operators, and helping accelerate new technologies into the warfighter’s hands, Avantus has a strong track record of achieving speed-to-mission-impact. “We have been thoroughly impressed by the quality of the Avantus employee base, leadership team, customer impact, and the sustained organic growth. We see great alignment in our culture and strategy, Avantus’ highly integrated business, core capabilities, and customer relationships complement QinetiQ’s distinctive offerings, allowing us to grow the services and solutions that benefit our combined global customers as their needs evolve at an accelerating pace.” -Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc. Both Avantus and QinetiQ are best-in-class providers of technology services and support, cyber and intelligence solutions, and information services. With high-trust, established customer relationships within the most important and enduring mission areas, this acquisition enhances the go-to-market strategy for both companies. “We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation, This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company.” -Shawn N. Purvis, President and Chief Executive Officer of QinetiQ US. Our market is evolving rapidly and demanding more of our customers every day, and joining forces with QinetiQ US will deliver solutions at scale to meet the moment, said Andy Maner, Chairman and Chief Executive Officer of Avantus. With a shared culture of absolute customer focus and employee investment and a structure built for agility and speed, this opportunity to combine with QinetiQ US strengthens our defense presence and combined position across our intelligence and homeland, law enforcement, and civilian portfolio, and we are poised to continue our joint mission as an innovator unique to our market. The combination with Avantus will materially enhance QinetiQ US’s position in the largest defence and intelligence market in the world by creating a large full solutions US Defense contractor business well-positioned within high growth and durable market areas. Avantus brings a strong order backlog, and the acquisition creates a compelling platform for new scaling organic and inorganic growth for QinetiQ in the US. Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise. Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus. Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ. About QinetiQ US: QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defense and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), a global integrated defense and security company focused on innovation for defense, security and civil customers around the world. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defense Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required. About Avantus Federal: Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly-cleared professionals lead with technical and domain expertise for its Defense, Intelligence, Homeland Security, and Federal Civilian customers. Helping to solve some of the toughest national security problems and government missions, Avantus’ offerings enable services at scale, including cyber technologies and operations, data and software solutions, digital engineering and integration, intelligence analysis and operations, space domain capabilities, transformation and advisory services, and more. About NewSpring Holdings: NewSpring Holdings, NewSpring's dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.

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CYBERSECURITY

Avertium Fusion MXDR for Microsoft Security

Avertium | July 21, 2022

Today, Avertium announced Fusion MXDR, a new service the security partner is providing for Microsoft Security customers. This threat-informed, managed extended detection and response (MXDR) service from Avertium includes threat intelligence, attack surface monitoring, NIST CSF framework, and vulnerability management as part of a cyber maturity program for Microsoft Defender for Endpoint and Microsoft Sentinel. "Fusing endpoint and event management technology with cyber maturity and professional services is the crux of Fusion MXDR. Companies that invest in Microsoft Security Solutions can maximize those investments by integrating new threat defense intelligence as part of the adaptable MXDR service. Companies that rely on Microsoft Security technology for primary threat defense can optimize those investments by fusing that technology with insights from new threat behavior, Comprehensive cyber maturity is achieved with an MXDR approach that gets stronger with new intelligence over time, From implementation and optimization to ongoing management and tuning, Fusion MXDR allows Microsoft Security customers to adapt, attack, and evolve with emerging threats." -Jeff Schmidt, CEO at Avertium Schmidt explains Fusion MXDR is built for Microsoft Security customers that want to replace legacy tools, consolidate point solutions, and build a cyber maturity program that is integrated with Microsoft Defender for Endpoint and Microsoft Sentinel platforms. About Avertium: Avertium is the security partner that companies turn to for end-to-end cybersecurity solutions that attack the chaos of the cybersecurity landscape with context. By fusing together human expertise and a business-first mindset with the right combination of technology and threat intelligence, Avertium delivers a more comprehensive, more programmatic approach to cybersecurity - one with cyber fusion services that drive action on the ground and influence in the boardroom. That's why over 1,200 mid-market and enterprise-level organizations across 15 industries turn to Avertium when they want to be more efficient, more effective, and more resilient when waging today's cyber war.

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