U.S. designates China as currency manipulator for first time in decades

Reuters | August 06, 2019

The U.S. government has determined that China is manipulating its currency and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, U.S. Treasury Secretary Steven Mnuchin said in a statement on Monday. The move brings already tense U.S.-Chinese relations to a boil and fulfills U.S. President Donald Trump’s promise to label China a currency manipulator for the first time since 1994. The U.S. action follows China allowing its yuan to weaken past the key 7-per-dollar level on Monday for the first time in more than a decade. Beijing later said it would stop buying U.S. agricultural products, inflaming a yearlong trade war with the United States.

Spotlight

The cloud is changing the way government operates. It is enabling agencies to move away from traditional, on-premises IT models to a more modern, cloud-based approach. This shift is not only improving efficiency and reducing costs, but it is also helping agencies to better serve the public.

Spotlight

The cloud is changing the way government operates. It is enabling agencies to move away from traditional, on-premises IT models to a more modern, cloud-based approach. This shift is not only improving efficiency and reducing costs, but it is also helping agencies to better serve the public.

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EMERGING TECHNOLOGY,CYBERSECURITY

QinetiQ US Completes Acquisition of Avantus Federal

Avantus Federal | November 24, 2022

Lorton, VA and McLean, VA – QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, an integrated global defense and security company, announced today that it completed its acquisition of Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today. This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees. This integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus’ advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions. The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-U.S. allied nations including the United Kingdom and Australia. “I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission, This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.” -Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc. Andy Maner, Chairman and Chief Executive Officer of Avantus, said the combination with QinetiQ US is key to providing more opportunities and growth for our people and customers. We started this journey with our great partner, NewSpring Holdings, and now we’re taking a critical step forward that allows our collective team to leverage additional scale and investments across our world class talent, technology, and processes at a pivotal time in our market and geopolitical landscape. “We are thrilled to welcome our Avantus colleagues to QinetiQ US, Avantus’ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.” QinetiQ is a leading science and engineering company dedicated to protecting lives and securing the vital interests of defense and security customers with distinctive offerings in experimentation and technology; cyber and information advantage; engineering services and support; robotics and autonomous systems; training and mission rehearsal; and, test and evaluation. This is complimented by the Avantus capabilities to leverage a strong consulting force to deliver technology, cyber, data, digital engineering and integration, intelligence analysis, and operations strategy and tactics to its clients, ensuring maximum efficiency and impact. -Shawn Purvis, President and Chief Executive Officer of QinetiQ US. About QinetiQ US: QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), an integrated global defense and security company focused on innovation for defense, security and civil customers. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defence Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required. About Avantus Federal: Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.

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EMERGING TECHNOLOGY,CYBERSECURITY

FedRAMP Data Security Authorization for InfoBlox’s BloxOne Threat Defense Federal Cloud

Infoblox | January 30, 2023

Leading cloud-first DNS management and security provider, Infoblox Inc., recently announced the U.S. Government FedRAMP Moderate Authorization for its BloxOne® Threat Defense Federal Cloud offering. This authorization allows organizations to operate their SaaS platforms with greater confidentiality, operational security, availability and integrity. The Infoblox BloxOne Threat Defense Federal Cloud is a part of BloxOne Threat Defense, which combines Cloud Services Portal (CSP), Dossier threat investigation platform, and Infoblox's Threat Intel Data Exchange (TIDE) to help public sector organizations scale and simplify security from the network core to the edge. Security analysts can investigate, and contextually rank threat events 3X faster with Infoblox's technology. Additionally, it gives them access to carefully curated and thorough threat intelligence, which they can incorporate into their current security technologies for network-wide protection. The U.S. Census Bureau sponsored the authorization. Infoblox team closely worked with FedRAMP Program Management Office to meet FedRAMP’s stringent guidelines for data security. The BloxOne Threat Defense Federal Cloud is compliant with FedRAMP’s security standards above the NIST SP 800-53 framework; this allows Infoblox to obtain digital transformation projects of federal agencies. Ralph Havens, President of Infloblox Federal, said, "Achieving FedRAMP authorization shows Infoblox's commitment to helping federal agencies digitally transform and secure cloud-first environments." He further added, "In reaching this significant milestone, we are delighted to now offer our federal customers a robust network security platform to augment our nation's cyber defenses against unrelenting security attacks from adversaries who wish to do us harm." (Source – CISION) About Infoblox Infoblox is a cloud-first networking and cybersecurity services provider. Its solutions enable businesses to make the most of their existing infrastructure investments and fully utilize the cloud to provide universally simple, scalable, and dependable network experiences. The Infoblox BloxOne® and NIOS systems are available on-premises and via SaaS, it lets operations teams standardize, accelerate and automate the delivery of cloud-native and data center network and security services from a single location.

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EMERGING TECHNOLOGY

Ardoq Awarded Place on UK Government’s G-Cloud 13 Framework

Ardoq | December 13, 2022

Ardoq, a SaaS company reinventing Enterprise Architecture (EA) for today’s digital enterprise, today announced that it has been awarded a place on the Crown Commercial Service’s Government Cloud (G-Cloud) 13 framework, which enables UK public sector entities to quickly and easily purchase cloud-based solutions. Ardoq’s next generation EA technology can further help public bodies make more informed decisions, streamline operations and make their data actionable. With more government bodies accelerating digital transformation, adopting cloud technology and driving their uses in the wake of the pandemic, it is crucial that they are leveraging technology that meets certain standards. G-Cloud, which sets specific requirements for all vendors to be accepted into the digital catalogue, ensures that public entities do not have to waste resources looking for the right cloud partner, since the framework guarantees that vendors are meeting the necessary requirements to which public entities are beholden. As part of G-Cloud, Ardoq is committed to ensuring public entities can leverage its data-driven EA tool without having to exhaust the additional resources needed to vet cloud solutions outside of G-Cloud. “Public sector bodies are transforming their digital public services in unprecedented ways whilst remaining accountable for where and how their resources are used most effectively, They need access to tools that enable them to make smarter, more efficient decisions, and we’re eager to help these organisations better manage their people, processes, applications and data.” -Robin Fitzhugh, UK director, Ardoq. About Ardoq: Ardoq is a SaaS company reinventing Enterprise Architecture for today’s digital enterprise. The company’s dynamic, data-driven EA platform is designed to plan and execute major change initiatives. The tool provides a digital twin of an organisation’s people, processes, systems, data, and infrastructure. With Ardoq, CIOs can confidently deliver digital transformations, and IT leaders can make better technology decisions based on real-time information. With Ardoq, EAs can serve as change agents, supporting business and IT collaboration for better outcomes.

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