Uber achieves success in winning the contract of $180 million from the U.S. government

Uber | April 21, 2020

  • Uber Technologies Inc. shares were up 2.5% Monday after the General Services Administration announced (link)an $810 million contract award with the ride-hailing service.

  • Apart from this, Uber has been looking to add new resources of revenue to make up for the sharp decline in ridership.

  • This week, Uber said it’s expanding a courier service for customers and product delivery from stores.

Uber Technologies Inc. won approval to serve as a business vendor to the U.S. government, enabling the ride-hailing giant to vie for an estimated $810 million in spending over the next five years.


Politicians and campaigns have for years relied on Uber for rides to and catering for their events, but the decision Monday is the first clearance for federal agencies to sign contracts with the company. It’s a rare bright spot as Uber struggles to adjust to the effects of the coronavirus pandemic.

Demand for rides has tanked since last month, upending growth plans for the business. Uber previously anticipated it would deliver a quarterly profit by the end of the year. On Friday, the San Francisco-based company yanked its 2020 forecast and said it will write down the value of its minority investments by about $2 billion.

Uber has been looking to add new sources of revenue to make up for the sharp decline in ridership.


The company said this month that it’s accelerating the rollout of an option for businesses to deliver meals to their employees at home. This week, Uber said it’s expanding a courier service for customers and product delivery from stores.

The government clearance removes a substantial hurdle for selling to agencies, but revenue isn’t assured. The U.S. expects to spend $810 million through 2025 on ride-hailing services, according to an Uber spokesman, citing an estimate by the General Services Administration. Uber must compete for those contracts.
Learn more: How to manage government contract during COVID-19


President Donald J. Trump visits American and South Korean troops at the Korean Demilitarized Zone with South Korean President lvloon Jae-in.


President Donald J. Trump visits American and South Korean troops at the Korean Demilitarized Zone with South Korean President lvloon Jae-in.

Related News


DLA Piper represents SixGen in its acquisition of Fourcast Management and Analysis

DLA Piper | August 09, 2022

DLA Piper represented SixGen, Inc., a leading cybersecurity and products company based in Maryland, in its acquisition of Fourcast Management and Analysis, Inc., a Maryland-based technology management consulting company. SixGen provides world-class cybersecurity services and products to protect government organizations and commercial industries. Using innovative processes, tools, and advanced techniques, SixGen predicts and overcomes cybersecurity vulnerabilities. SixGen prioritizes best practices, customer requirements and privacy and overall mission impact. The strategic acquisition of Fourcast Management and Analysis – a leading management consulting company that provides seasoned advisory services, skills, and assistance in the areas of finance, budget and cost estimation – will bolster SixGen's mission to provide the highest quality services to customers and enable employee growth through diversified opportunities. "Congratulations to SixGen on this strategic acquisition of Fourcast, which will allow the company to grow in the cybersecurity and professional services sector, It was a pleasure collaborating and bringing together our deep knowledge and capabilities in the professional services industry to close this deal." -Jeffrey Houle, co-chair of DLA Piper's Aerospace, Defense and Government Services Transactional practice who led the team that advised SixGen. We're immensely proud of this pivotal deal. We thoroughly enjoyed working with the DLA Piper team and believe this acquisition will have an immediate impact on the level of service we can provide to our customers, said Chris Brady, chairman of Chart National, an investor in SixGen. In addition to Houle (Washington, DC), the deal team included partners Thomas Pilkerton III, Julia Kovacs and Jordan Bailowitz (all three in Baltimore) and Brad Jorgensen (Austin); of counsel Christopher Armstrong (Baltimore); and associate Josh Feldman (Baltimore). With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket. DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world. About DLA Piper: DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising.

Read More


Exabeam Next-gen SIEM and Advanced Cybersecurity Analytics Now Available Through Carahsoft’s NASPO Cloud Solutions Contract

Exabeam | June 23, 2022

Exabeam, the leader in Next-gen SIEM and XDR, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider announced that the advanced cybersecurity solutions by Exabeam have been added to Carahsoft’s National Association of State Procurement Officials (NASPO) ValuePoint Cloud Solutions Contract. As the Master Government Aggregator® for Exabeam, Carahsoft provides the Exabeam cloud-delivered Security Information and Event Management (SIEM) and advanced cyber analytics solutions to participating States, Local Governments, and Educational (SLED) institutions. We are excited to be added to Carahsoft’s NASPO contract to help SLED cyber leaders readily access the technology needed to modernize their SIEM and fiercely defend their agencies and institutions against known and unknown threats. Exabeam analytics and automation solutions help security analysts gain efficiencies with Threat Detection, Investigation and Response (TDIR) workflows, enabling them to identify and resolve threats faster. Working with Carahsoft and their reseller partners, we aim to arm as many security teams as possible against the tactics of persistent adversaries who often bypass traditional prevention solutions or are already inside.” Chris Cesio, Chief Revenue Officer at Exabeam The NASPO contract makes the procurement process frictionless for SLED organizations. It will help them get faster access to Exabeam Fusion SIEM and Exabeam Fusion XDR products through the NASPO Cloud Solutions Portfolio. “SLED organizations are constantly under siege from sophisticated cyber adversaries. These vital public agencies and institutions rely on next-generation cyber products to help modernize their security operation centers,” said Steve Jacyna, Director of Emerging Cyber Security Solutions at Carahsoft. “The Exabeam Fusion product line is an excellent addition to our Cloud Solutions portfolio. We look forward to providing streamlined access through our reseller partners to the Exabeam cloud-delivered SIEM and cyber analytics solutions to help agencies thwart attacks.” In the last year, the Biden administration has issued several executive orders related to the dangers nation-states and other threat actor groups pose to public sector organizations. The documents emphasize the importance of deploying modern security solutions to continuously look for and respond to threats. About the Exabeam Fusion Product Line The Exabeam Fusion product line integrates market-leading behavioral analytics and automation capabilities to help streamline the TDIR process without disrupting an organization’s existing technology stack. Public sector organizations participating in the NASPO Cloud Solutions Portfolio can easily identify and respond to critical security issues, incidents, and attacks from a single, centralized control plane. This substantially increases analyst productivity and reduces response times. The Exabeam Fusion offerings differentiate normal from anomalous behavior, apply risk scoring using Exabeam Dynamic Alert Prioritization to allow analysts to quickly assess and prioritize risks, and build Smart Timelines™ to automatically reconstruct security incidents to gain a full picture of any incident. About NASPO ValuePoint NASPO ValuePoint is a cooperative purchasing program facilitating public procurement solicitations and agreements using a lead-state model. The program provides the highest standard of excellence in public cooperative contracting. By leveraging the leadership and expertise of all states and the purchasing power of their public entities, NASPO ValuePoint delivers the highest valued, reliable and competitively sourced contracts, offering public entities outstanding prices. About Exabeam Exabeam is a global cybersecurity leader that adds intelligence to every IT and security stack. The leader in Next-gen SIEM and XDR, Exabeam is reinventing the way security teams use analytics and automation to solve Threat Detection, Investigation, and Response (TDIR), from common security threats to the most critical that are difficult to identify. Exabeam offers a comprehensive cloud-delivered solution that leverages machine learning and automation using a prescriptive, outcomes-based approach to TDIR. We design and build products to help security teams detect external threats, compromised users and malicious adversaries, minimize false positives and best protect their organizations. Exabeam, the Exabeam logo, Exabeam Fusion, Smart Timelines, Security Operations Platform, and XDR Alliance are service marks, trademarks or registered marks of Exabeam, Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Exabeam, Inc. All rights reserved. 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 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


StrikeForce Strengthens it’s Government Relations Capabilities with Ankura Consulting Group, LLC.

StrikeForce Technologies, Inc. | May 05, 2022

StrikeForce Technologies, Inc., a cyber security company that provides next-gen cyber, data protection & Secure Video Conferencing solutions for SMB’s, Enterprises & Government agencies, announced that they signed an engagement agreement with Ankura Consulting LLC., to help expand StrikeForce’s footprint within the Federal Government and Intelligence communities. “As part of our scope of work, Ankura will assist StrikeForce in facilitation of government and commercial opportunities, as well as help secure a Small Business Innovation Research (SBIR) grant to advance their technology and platform certifications. StrikeForce’s timing is perfect,” says Dean Thomas, Managing Director at Ankura. “On May 12th, President Biden signed an Executive Order charting a course to Improve the Nation’s Cybersecurity and Protect Federal Government Networks. We plan to take full advantage of this opportunity and introduce StrikeForce’s solutions everywhere we can.” We are really excited about working with the Ankura Consulting Group. Their global team of cybersecurity practitioners includes leaders with extensive experience as members of the intelligence community, law enforcement personnel and federal agents, digital forensic specialists, and founders of pioneering cyber technology firms. Their experts have handled some of the largest and most sensitive cybersecurity incidents and regularly advise leading organizations on the data privacy policies.” Mark L. Kay, CEO of StrikeForce “All the pieces are coming together quite nicely,” says Kay. “If you want to expand in the Federal Government and Intelligence communities you need to partner with a team that is well seasoned, have extensive relationships, and understand how the procurement process works. That’s why we choose Ankura.” About StrikeForce Technologies Inc. StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. is headquartered in Edison, N.J. About Ankura Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,500 professionals serving 3000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create, and Recover Value.

Read More