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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Today we are witnessing the most significant shift in awareness and understanding of international development that’s been seen since the end of World War II.

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Today we are witnessing the most significant shift in awareness and understanding of international development that’s been seen since the end of World War II.

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EMERGING TECHNOLOGY

Satellogic Signs Three-Year Agreement with Government of Albania to Access Dedicated Satellite Constellation

Satellogic | October 03, 2022

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today that it has reached a three-year agreement with the Government of Albania to develop a Dedicated Satellite Constellation. This unique program derives from Satellogic’s Constellation-as-a-Service model and will provide Albania with responsive satellite imagery capabilities across its sovereign territory. Satellogic’s unique offering enables municipal, state, and national governments to manage a fleet of satellites over a specific area of interest and develop an EO imaging program at unmatched frequency, resolution, and cost. Satellogic will enable ​​Albania to address pressing issues involving agriculture management, illegal crops, illegal construction activity, traffic management, wildfire monitoring, border security, and environmental monitoring through high-quality imagery with country-wide capacity at a cost-effective price point. Albania will have priority access to two satellites, which will be named “Albania-1” and “Albania-2”, that are expected to join Satellogic’s fleet in its upcoming satellite launch with SpaceX. “With the Dedicated Satellite Constellation, Satellogic will accelerate Albania’s participation in the New Space Economy. Additionally, these satellites will provide unprecedented, country-wide situational awareness via the best data from space, Albania is aiming to develop its involvement in the space community by leveraging the power of high-resolution satellite imagery, and we’re excited for the opportunity to support the country’s ambitions as well as its duties as a member of NATO.” -Emiliano Kargieman, CEO and Co-Founder of Satellogic. Through Satellogic’s cloud infrastructure, Albania will have access to responsive tasking, analysis, and dissemination of critical insights and information. Satellogic will facilitate training of remote-sensing specialists within the Albanian Government to assist in the analysis and dissemination of satellite-derived products to various ministries in the country and build the capacity of the Albanian space economy. About Satellogic: Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ:SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers. Satellogic’s mission is to democratize access to geospatial data of high-resolution images and analytics through its information platform to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry. With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

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EMERGING TECHNOLOGY,CYBERSECURITY

Carahsoft Partners with Celonis to Accelerate Government Transformation with Process Mining and Execution Management

Carahsoft | July 05, 2022

Carahsoft Technology Corp., the Trusted Government IT Solutions Provider® and Celonis, the global leader in Execution Management, today announced a partnership. Under the agreement, Carahsoft will serve as Celonis’ US Government Distributor making the company’s industry-leading Process Mining and Execution Management Platform available to the Public Sector through Carahsoft’s reseller partner network and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2), National Association of State Procurement Officials (NASPO) ValuePoint, National Cooperative Purchasing Alliance (NCPA), and OMNIA Partners contracts. Celonis’ process mining technology creates a real-time, continuously updated “X-ray” of how an organization runs at the process level. This “X-ray” reveals the hidden inefficiencies that silently kill organizational performance. Celonis combines this with their Execution Management System (EMS), which acts as the surgeon to the process mining “X-ray” to suggest and implement fixes for the issues found. These discoveries allow agencies to perform at levels never thought possible while also increasing their sustainability. Celonis’ platform is usable across a wide variety of use cases within Government agencies and departments, from finance, procurement, and administrations’ transformation, to mission-focused employee and citizen service transformations. System transformation, process excellence, shared service, and financial agility initiatives are all core themes across use cases and where the power of Celonis’ process mining and execution management capabilities quickly deliver the most value. “We are thrilled to partner with Carahsoft and their reseller partners to accelerate the time to value for government departments and agencies across the Public Sector, The focus on digital transformation will only continue to increase given everything we’ve learned pre and post pandemic. This partnership ensures we can support every Government customer on their transformation journey as they support businesses and citizens around the world in response to inflation, supply chain and sustainability issues. We are proud to partner with Carahsoft in our joint pursuit of reducing the cost, the risk and dramatically increasing the success, sustainability and scale rate of all transformations.” -Mike Daniels, Senior Vice President of Public Sector at Celonis. The addition of Celonis’ process mining and Execution Management System to our offerings likely represents one of the largest opportunities for government services transformation since the cloud was introduced in 2010, said Craig P. Abod, Carahsoft President. Celonis technologies quickly find and fix process inefficiencies hidden in large, complex public systems to deliver improved services and operations as well as to maximize existing investments 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. Visit us at www.carahsoft.com. About Celonis- Celonis reveals and fixes inefficiencies businesses can’t see, enabling them to perform at levels they never thought possible. Powered by its market-leading process mining core, the Celonis Execution Management System provides a full set of platform capabilities for business executives and users to eliminate billions in corporate inefficiencies, provide better customer experience and reduce carbon emissions. Celonis has thousands of implementations with global customers and is headquartered in Munich, Germany and New York City, USA with more than 20 offices worldwide.

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EMERGING TECHNOLOGY,CYBERSECURITY

Radiance Technologies Switches to Unanet for GovCon ERP and CRM

Unanet | September 30, 2022

Unanet, the leading provider of project-based ERP and CRM for government contractors (GovCon), today announced that Radiance Technologies, a Huntsville, Ala.-based firm that develops solutions for defense, intelligence and civilian clients like the U.S. Army and U.S. Airforce, is replacing its legacy ERP system with Unanet GovCon ERP and CRM to provide a robust end-to-end solution that will help streamline processes and reduce manual errors in their business. Radiance has already started an implementation plan that Unanet tailored to fit their needs. After an annual review of all its business and technology tools, Radiance, an employee-owned company with approximately 1,000 employees, determined that its legacy ERP provider was actually making their business processes more cumbersome and less efficient for their team. "Our previous system included multiple software tools, but none of them were fully integrated and automated. As a result, we were spending a lot of time taking data out of one system through downloads, and entering or importing it into another system, Radiance's teams also experienced difficulties with functionality and technical issues such as upgrades that were hastily rolled out with errors in them.We fully expect Unanet to make our processes more efficient through integration and automation, reduce the amount of time required to enter and review data and create smoother internal processes and workflows, For example, getting consultants and subcontractors to input their purchase order/invoice data into an efficient system will ensure all costs incurred each month are captured in our invoices. This will enhance our speed and visibility to project actuals -- creating one efficient solution for our subcontractors/consultants and our accounting team." -Paige Nix, chief financial officer at Radiance. After a search and review process for an enterprise-wide system, Radiance chose Unanet GovCon ERP and CRM for its ability to fully integrate and automate multiple tools with low implementation and maintenance time. In addition, Radiance received multiple referrals about Unanet from companies who shared how Unanet's customer service team listened and turned feedback into actionable results. According to a recent annual survey of more than 1,100 GovCon customers, Unanet users are seeing a significant decrease in day sales outstanding (DSO) simply because of the reduction in errors that Unanet's ERP solution provides. More than 14% of users reported a DSO of 15 days or less. About Unanet: Unanet is a leading provider of project-based ERP and CRM solutions purpose-built for Government Contractors, architecture, engineering, construction, and professional services. More than 3,700 project-driven organizations depend on Unanet to turn their information into actionable insights, drive better decision-making, and accelerate business growth. All backed by a people-centered team invested in the success of your projects, people, and financials. About Radiance Technologies: Radiance Technologies is an employee-owned small business prime contractor founded in 1999. Radiance has approximately 1,000 employee-owners across the United States serving the Department of Defense, national intelligence community and other government agencies. From concepts to capabilities, Radiance leads the way in developing customer-focused solutions in the areas of cyber security, systems engineering, prototyping and integration as well as operational and strategic intelligence including scientific and technical intelligence.

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