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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EMERGING TECHNOLOGY

Clariti Acquires Camino Technologies to Provide Best-in-Class Permitting and Licensing Software to Governments of All Sizes

businesswire | June 01, 2023

Clariti, the fastest-growing government permitting and licensing software company in North America, is thrilled to announce the industry-changing acquisition of Camino Technologies, the top emerging technology vendor in the regulatory space. Clariti, a Vancouver-based technology company, has also closed funding to accelerate investments into the product, customer success, customer support and professional services departments for both teams. By the end of 2023, Clariti’s employee base will grow by approximately 50% year-over-year. The acquisition of Camino solidifies Clariti's position as providing the best products for all-size governments in need of modern permitting and licensing solutions. Both companies will continue delivering intuitive, configurable software to their target markets. “Camino has developed the best next-generation product for small and medium-sized governments that will perfectly complement Clariti’s leading enterprise permitting and licensing platform,” says Clariti Co-CEO Cyrus Symoom. “Our commitment to both products will enable us to serve governments of all sizes for decades to come.” The entire team at Camino, including founders Nate Levine and Mike Rosengarten, are joining Clariti, bringing years of experience developing software used by over 1000 government agencies. “This is more than just business as usual for Camino,” says Camino CEO Mike Rosengarten, "We have seen Clariti's commitment to product innovation that will now include Camino. They share in our vision of delivering exceptional customer experiences, which is why we're so excited to join forces with increased funding and support." Clariti and Camino's software is used to deliver permitting and licensing services to over 150,000,000 people across North America. Clariti customers will be able to purchase an integration by the end of the year to Camino’s permit guide, providing an industry-leading applicant experience. There will be no service disruptions or forced upgrades as a result of the acquisition. “We will enhance the experience for customers of both companies,” says Co-CEO Jake Dancyger, “All customers will continue to receive exceptional support and enjoy product enhancements, driven by the same teams they relied on prior to the acquisition.” About Clariti Clariti’s government software helps North America’s largest and fastest-growing communities deliver exceptional community development, permitting, and licensing experiences online. Founded in 2008, Clariti is built as an alternative to code-heavy, non-configurable systems that create technology barriers for governments to meet their community’s evolving needs. Governments should be able to dictate how their software works. To us, that means providing our customers with a system that’s maintained with clicks, not code, to relieve pressure on technical resources and better support citizens and staff. About Camino Camino’s mission is to transform the permitting process into an experience that is user-friendly, efficient, and transparent. Founded in 2017, Camino has deployed software to over 100 government agencies across the country, from online interfaces for citizens to robust, automated workflow systems for staff. Our team has decades of experience working at the interface of government and technology, and we’re unified by the belief that all communities deserve an easy way to build housing, open businesses and improve critical infrastructure.

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EMERGING TECHNOLOGY, CYBERSECURITY

Veracode Secures StateRAMP Authorization to Protect State and Local Cybersecurity

Businesswire | May 02, 2023

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EMERGING TECHNOLOGY, CYBERSECURITY

ConnectWise Partners with CISA JCDC to Enhance Cybersecurity for MSPs

Globenewswire | March 30, 2023

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