Under Armour faces U.S. federal probe over accounting practices: WSJ

Under Armour Inc | November 04, 2019

Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Baltimore-based company confirmed that it is under investigation and is cooperating with the Justice Department and U.S. Securities and Exchange Commission. It also defended its accounting practices and disclosures. The Journal, citing unnamed sources, said in its report here that a criminal inquiry is being conducted by Justice Department prosecutors, who are also coordinating with civil investigators at the SEC.

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Rescale is high performance computing built for the cloud, to empower engineers while giving IT security and control. From supersonic jets to personalized medicine, industry leaders are bringing new product innovations to market with unprecedented speed and efficiency with Rescale, a cloud platform delivering intelligent full-stack automation and performance optimization. IT leaders use Rescale to deliver HPC-as-a-Service with a secure control plane to deliver any application, on any architecture, at any scale on their cloud of choice.

Spotlight

Rescale is high performance computing built for the cloud, to empower engineers while giving IT security and control. From supersonic jets to personalized medicine, industry leaders are bringing new product innovations to market with unprecedented speed and efficiency with Rescale, a cloud platform delivering intelligent full-stack automation and performance optimization. IT leaders use Rescale to deliver HPC-as-a-Service with a secure control plane to deliver any application, on any architecture, at any scale on their cloud of choice.

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EMERGING TECHNOLOGY,CYBERSECURITY

Avenu Completes Acquisition of Government Payment Solutions Provider, Interware

Avenu Insights & Analytics | January 20, 2023

In a recent announcement, Avenu Insights & Analytics, a firm specializing in administration and revenue enhancement solutions for governments, has acquired Interware Development Company Inc, a cloud-based payment solutions provider for local governments. Interware's industry-leading payment processing solutions offer Avenu's existing customers a new, centralized payment platform. Avenu and Interware will jointly deliver software and services that boost government capabilities and enhance the overall citizen experience. The state and local governments will be able to collect permitting and licensing, utilities and tax revenue more efficiently through this integrated platform. Interware's dynamic payment solutions, combined with Avenu's advanced sales & marketing framework helps bring together existing third-party payment processing providers. This results in an optimized and uniform level of service which transforms the government's ability to tackle the rapid rise in workflow processes that restricts staff productivity and resources, ultimately affecting efficiency. With shared resources and an integrated strategy, the combined company will be able to offer its customers more services and greater technical expertise. Paul Colangelo, CEO of Avenu, said, "Governments are seeing an increasing need for an integrated payment solution software offering to streamline their administrative and budget activities and automate workflow processes." He adds, "The combination of Avenu and Interware will provide governments with a centralized solution to maximize their efficiency while shaping a more robust citizen experience." (Source – Business Wire) About Avenu Insights & Analytics Founded in 1978 and headquartered in Centreville (Virginia), Avenu Insights & Analytics offers a broad range of solutions and services to more than 3,000 local and state government clients across the country. The company's services include Clearview Pension Administration Solution (CPAS) - the first ISO 9001 registered pension software, IT project management, compliance auditing, tax administration, and much more. Avenu delivers software solutions that digitally transform government customers by providing online access to records, modernizing processes, and lowering costs.

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EMERGING TECHNOLOGY, GOVERNMENT FINANCE

Govgrants® Chosen to Manage the Treasury Department's Grants Program

REI Systems | January 31, 2023

On January 30, 2023, REI Systems announced that it would deploy GovGrants®, a full-lifecycle grants management SaaS product, for the US Department of Treasury IAF (Inter-American Foundation). IAF works with entrepreneurs, innovators, and local leaders in underserved Caribbean and Latin America areas to help them build more peaceful, prosperous, and democratic communities. Since 1972, the foundation has provided nearly 5,000 grants totaling more than $680 million. The IAF sought to reinvent its grants management approach with an extensive cloud-hosted product, with assistance from the Grants Management QSMO (Quality Services Management Office). GovGrants® was chosen because it is a highly secure, role-based, and accessible grants management system that adheres to the Federal Integrated Business Framework (FIBF). Furthermore, it provided the multilingual capability that IAF required to support its grantees. The system includes many native features, such as powerful dashboards and reporting built on Tableau, financial system integrations, and various CRM-type features. GovGrants® is a customizable product built on Salesforce's cloud platform that is FedRAMP-certified, making it dependable, secure, and simple for internal and external stakeholders to use. In addition, the solution is currently listed on the GSA MAS Information Technology contract, ensuring easy procurement and deployment as a software-as-a-service solution by any federal agency. Wagish Bhartiya, REI's Chief Growth Officer, shared, "REI Systems has been a leading provider of grant systems across government for more than 20 years. As the grants market evolves, we are excited to evolve with it. There are numerous agencies seeking pre-built, turn-key capabilities that can be easily tailored to fit their business needs. That's why we built GovGrants as a COTS product. We are thrilled to be serving IAF's mission of advancing democracy by supporting community-led development with a modern technology solution." (Source – PR Newswire) About REI Systems Headquartered in Sterling (Virginia), and founded in 1989, REI Systems provides innovative technology solutions that empower people. The company's 700 problem-solving consultants and technologists are committed to updating technology for the government to help achieve its goals. It serves customers in national security, science and technology, healthcare, and government operations in the federal, state, local, and nonprofit sectors. REI Systems delivers domain expertise and optimum technologies through flexible execution and a dedication to customer service.

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UK Government’s G-cloud 13 Supplier Network Status for Precisely

Precisely | January 11, 2023

Global leader in data integrity solutions, Precisely, is selected to be a supplier for the Crown Commercial Service's G-Cloud 13 Framework. Precisely's portfolio of data integrity solutions is now available on the G-Cloud procurement platform, further establishing the company's reputation as a trusted solutions provider to the central and local governments as well as the public sector. The G-Cloud initiative aims to make cloud-based services more accessible to the UK government and public sector organizations. The framework only includes suppliers and solution providers who meet the UK Government's highest privacy, security, and scalability standards, allowing organizations to procure the services and solutions they require more quickly and with less risk. Government and public sector services are under considerable stress, which the COVID-19 pandemic aggravated, and many organizations assigned with meeting demanding digital transformation efforts are struggling with the change. This causes data silos, inefficient resource use, a lack of understanding of citizen needs, and even regulatory compliance concerns. Data analytics continues to be the most pressing issue for central government departments, a recent Central Gov Strategy Forum study revealed, with 65% of the departments planning to increase spending in this area in 2023. "Whether organizations are looking to move from antiquated mainframes to the cloud, create data governance frameworks, build data quality for a 360° view of their citizens, or leverage powerful spatial insights, successful digital transformation programs need to be fuelled by accurate, consistent, and contextual data," said Jay Reilly, SVP - EMEA at Precisely. He further stated, "Our placement on G-Cloud 13 means public sector organizations can more easily access our portfolio of data integrity solutions, empowering them to make the confident decisions needed to improve the lives of citizens." (Source: Businesswire) About Precisely Precisely is the world's leading data integrity firm, serving 12,000 customers in over 100 countries, including 99 of the Fortune 100, by ensuring data consistency, context and accuracy in data. Precisely's data integration, quality, governance, location intelligence, and enrichment technologies help businesses make better decisions and accomplish better results.

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