GOVERNMENT BUSINESS,GOVERNMENT INSURANCE
Voxtur | July 06, 2022
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that, further to the news release issued on June 9, 2022, it has completed the arm's length acquisition of Municipal Tax Equity Consultants Inc. ("MTEC") and its associated entity, MTAG Paralegal Professional Corp., acquired MTE Paralegal Professional Corporation ("MTEP", and together with MTEC, “MTE”) (collectively, the "Acquisition").
MTE provides technology-enabled solutions to help municipal governments maximize property tax revenue, mitigate future liabilities, manage operations from emerging opportunities, and develop property tax policy frameworks.
"As a fully integrated real estate technology company, we are setting new standards built on innovation and execution, This acquisition expands Voxtur's reach as a reliable source of targeted data and industry expertise to benefit municipalities."
-CEO Jim Albertelli, Voxture.
The purchase price for the acquisition of MTEP is $900,000 payable in cash and the aggregate purchase price for the acquisition of MTEC by Voxtur is $3,500,000, subject to customary adjustments, (the “MTEC Purchase Price”), paid in a combination of cash, totaling $2,200,000, and common shares of the Company (“Common Shares”), with $800,000 of the MTEC Purchase Price satisfied by the issuance of 808,080 Common Shares at closing, priced at $0.99 per Common Share, and $500,000 of the MTEC Purchase Price satisfied by the issuance of up to 505,050 Common Shares subject to an escrow hold period of 18 months priced at $0.99 per share. The number of escrowed shares to be issued following the escrow hold period are subject to a downward adjustment. In addition, $500,000 of the cash portion of the MTEC Purchase Price will be subject to an escrow hold period of 18 months.
In addition to the benefits the Company will see as a result of the Acquisition, the property tax sector has embraced Voxtur's flagship sketch technology, known as Apex. The proprietary imagery and web-based GIS applications unify property-related data and enable desktop review of properties. The software, data analytics, and visual intelligence are focused on real property and primarily serve the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private. Counties across North America see the benefits from this technology resulting in efficiencies impacting productivity and accuracy.
About Voxtur-
Voxtur is a transformational real estate technology Company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada.
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CYBERSECURITY
Booz Allen | July 26, 2022
Booz Allen Hamilton (NYSE: BAH) announced today it has partnered with Acalvio Technologies to improve the nation’s cybersecurity operations with proactive defenses that will help government and commercial organizations build greater resilience in the face of an increasingly dynamic threat landscape. This partnership complements Booz Allen’s National Cyber strategy by adding cyber deception to the firm’s intelligence-grade tradecraft and full-spectrum capabilities.
Acalvio’s patented and award-winning Autonomous Deception product, ShadowPlex, the only advanced cyber deception product with FedRAMP certification, enables organizations to detect, investigate, and respond to malicious activity in information technology (IT) and operational technology (OT) environments across on-premises and cloud deployments. Together, Booz Allen and Acalvio will bring these sophisticated capabilities to government and commercial clients to combat advanced cybersecurity challenges, including advanced persistent threats (APT), ransomware, and insider threats. Key benefits of the partnership include:
Accelerated Threat Detection to Connect the Dots: With more than 5,000 cyber professionals with proven skillsets to support clients, Booz Allen cuts through the noise and connects across missions, sectors, and data silos to provide a comprehensive view of the threat landscape. Now, with Acalvio’s ShadowPlex, clients can better prioritize the endless number of alerts they receive with high-confidence alerts across identity management and cyber asset threats that are not always prevented by traditional sensor strategies. This approach reduces the attacker dwell time with early detection and increases security operations center efficiency with sophisticated investigation.
Adversarial Insights to Outpace the Competition: Backed by over 20 years of support across classified missions and commercial critical infrastructure sectors, Booz Allen uses a combination of reverse engineering, defensive technologies, predictive analytics, vulnerability assessments, proactive threat hunting, artificial intelligence (AI), and machine learning (ML) in preparation for adversaries. Now, this portfolio adds Acalvio’s patented Deception Farm architecture, a key differentiator for clients, to deploy deceptive artifacts—like fake hosts or “honeypots” —that act as tripwires to detect intruders to better understand their behaviors. Combined, these solutions allow for new and unique insights that can be quickly implemented to stop bad actors in their tracks.
Automated Deployments to Stay Ahead: Innovative solutions are only as good as their ability to rapidly integrate into the mission and quickly drive outcomes. Acalvio’s ShadowPlex automates and simplifies the configuration and deployment of deception artifacts, combining pre-defined playbooks with an AI-based recommendation system. With this partnership, Booz Allen will provide ready-to-deploy packaged solutions that automate service delivery to create scale, with lower cost, and greater mission impact.
“As cyber threats grow increasingly advanced, Booz Allen is committed to developing secure, trusted, and resilient strategies that enhance the nation’s cybersecurity posture, To outpace the adversary, it is imperative that government and commercial organizations better integrate and synchronize the way they conduct cyber offense and defense. Booz Allen’s partnership with Acalvio achieves this, using offensive insights to inform cyber defense and addressing current gaps in the marketplace. This innovative approach operationalizes insights in real time so we can evolve our solutions to keep pace with the cyber landscape.”
-Garrettson Blight, Director of National Cyber Solutions Booz Allen.
The strategic partnership adds cyber deception to Booz Allen’s multiple cyber-enabled platforms for OT, cloud security, 5G technology security, connected health, and weapons systems cybersecurity, and complements Booz Allen’s existing operational capabilities such as threat hunting, detection engineering, and zero trust.
“We are proud to partner with Booz Allen to deliver innovative and ready-to-deploy cyber deception capabilities for government and commercial clients, These offerings will empower government and commercial organizations to combat advanced cybersecurity challenges with solutions that deploy at speed and at scale in a fast-changing environment. With a combined focus on relentless innovation, this collaboration will allow clients to stay ahead of the competition and defend their most critical assets.”
-Ram Varadarajan, CEO and Co-founder of Acalvio Technologies.
With cross-sector mission understanding, battle-tested approaches, and ready-to-deploy solutions, Booz Allen is disrupting how the nation tackles cybersecurity and is taking a holistic approach to anticipate and solve the most complex cyber challenges. Learn more about Booz Allen’s vision for bolder cybersecurity strategy, operations, and solutions, and the firm’s long history of supporting U.S. government work in cyber defense and offense.
About Booz Allen Hamilton-
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.
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CYBERSECURITY
SecurityScorecard | July 19, 2022
In its ongoing effort to improve the security posture of federal, state and local government agencies, SecurityScorecard, the global leader in cybersecurity ratings, today announced a partnership with The National Association of Counties (NACo). Through this partnership, U.S. county governments will gain access to SecurityScorecard’s cybersecurity ratings platform to monitor and improve cybersecurity risk.
NACo successfully piloted SecurityScorecard’s cybersecurity ratings platform, which involved 38 counties. SecurityScorecard’s platform is now available in the NACo County Tech Xchange, an online portal that connects more than 800 county CIOs, IT directors, CISOs and other county IT leadership. The portal provides resources that enable counties to improve their technology infrastructure.
“We are committed to helping government entities in keeping their communities secure,” said Sachin Bansal, Chief Business and Legal Officer, SecurityScorecard.
SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating.
“Working with SecurityScorecard will enable us to improve the overall health of county networks and provide immediate access to information about cyber threats and risks, not only for county networks but also for third-party partners,” said Rita Reynolds, CIO of NACo. “This expansive approach offers sophisticated, real-time data that enhances counties’ capacity to monitor and protect critical assets.”
In recent months, SecurityScorecard has established partnerships with the New York Department of Financial Services and U.S. state banking regulators via the Conference of State Banking Supervisors. In addition, SecurityScorecard has significantly increased its work with multiple congressional committees, federal and state agencies, and local authorities and meets regularly with government agencies for policy and operational collaboration, including threat intelligence briefings for major government agencies. SecurityScorecard is a founding member of the Institute for Security & Technology and the only security ratings provider to participate in the Institute’s cross-industry Ransomware Task Force.
SecurityScorecard will participate in the NACo 2022 Annual Conference being held July 21 – 24. This is the largest meeting of county officials who will collaborate on NACo’s federal policy agenda, share proven practices and strengthen knowledge to help improve residents’ lives and the efficiency of county government.
For more information on the SecurityScorecard cybersecurity ratings platform or to request a demo, please visit www.securityscorecard.com.
About SecurityScorecard
Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.NACo successfully piloted SecurityScorecard’s cybersecurity ratings platform, which involved 38 counties. SecurityScorecard’s platform is now available in the NACo County Tech Xchange, an online portal that connects more than 800 county CIOs, IT directors, CISOs and other county IT leadership. The portal provides resources that enable counties to improve their technology infrastructure.
“We are committed to helping government entities in keeping their communities secure.”
-Sachin Bansal, Chief Business and Legal Officer, SecurityScorecard.
SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating.
“Working with SecurityScorecard will enable us to improve the overall health of county networks and provide immediate access to information about cyber threats and risks, not only for county networks but also for third-party partners, This expansive approach offers sophisticated, real-time data that enhances counties’ capacity to monitor and protect critical assets.”
-Rita Reynolds, CIO of NACo.
In recent months, SecurityScorecard has established partnerships with the New York Department of Financial Services and U.S. state banking regulators via the Conference of State Banking Supervisors. In addition, SecurityScorecard has significantly increased its work with multiple congressional committees, federal and state agencies, and local authorities and meets regularly with government agencies for policy and operational collaboration, including threat intelligence briefings for major government agencies. SecurityScorecard is a founding member of the Institute for Security & Technology and the only security ratings provider to participate in the Institute’s cross-industry Ransomware Task Force.
SecurityScorecard will participate in the NACo 2022 Annual Conference being held July 21 – 24. This is the largest meeting of county officials who will collaborate on NACo’s federal policy agenda, share proven practices and strengthen knowledge to help improve residents’ lives and the efficiency of county government.
About SecurityScorecard-
Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.
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