Crystal Group, Inc. | October 06, 2020
Crystal Group, Inc., a leading designer and manufacturer of rugged computer and electronic hardware, announced today that it is a Federal Platinum sponsor of NVIDIA’s premier GTC (GPU Technology Conference) 2020. This global, five-day event will be 100 percent virtual, allowing attendees to attend conference sessions—including three presented by Crystal Group—in any time zone and multiple languages. As a Preferred Solutions Integration Partner in the NVIDIA Partner Network (NPN), Crystal Group is paving the way for bringing seamless AI and visualization capabilities into harsh and unpredictable environments. By integrating NVIDIA GPUs into its rugged, high-performance compute offerings, both the U.S. Department of Defense and industrial customers now have the ability to analyze petabytes of data at the edge where accurate, real-time information and decision making are vital.
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GOVERNMENT BUSINESS
Ankura | March 17, 2022
Ankura Consulting, LLC, an independent global expert and advisory services firm, announced that on March 15, 2022, the Plan of Adjustment for the Commonwealth of Puerto Rico went effective. On January 18, 2022, U.S. District Court Judge Hon. Laura Taylor Swain approved the Plan of Adjustment that set the restructuring terms for approximately $34 billion of debt, which is the largest restructuring of municipal debt in U.S. history. The Plan of Adjustment paves the way for Puerto Rico to exit from bankruptcy with a stable and sustainable balance sheet.
Through the implementation of the Plan of Adjustment, Puerto Rico reduces the total amount of central government debt from $34 billion to $7.4 billion; cuts Puerto Rico's maximum annual debt service payments from a maximum of $4.2 billion to $1.15 billion; and lowers per capita debt by 86%.
"This is a great collective achievement for Puerto Rico, thanks to the fiscal and economic team of the Government, the Legislature, the Financial Oversight and Management Board (Oversight Board), and all those who have worked over the past five years to get to this historic moment," said Fernando Batlle, Ankura's Chairman of Latin America, who is leading all aspects of Ankura's advisory work for the Government. He continued, "The consummation of the Commonwealth Plan of Adjustment is the 'reset' button for Puerto Rico and starts a new era of fiscal stability with new opportunities to shape a successful, modern economy."
Philip Gund, Global Leader of Ankura's Turnaround & Restructuring practice, commented, "Fernando and the Ankura team worked collaboratively with the Government, the Fiscal Oversight Board and its constituencies and advisors while keeping the best interests of the Commonwealth at the forefront of the restructuring."
In addition to the rightsizing of the Commonwealth's balance sheet, the Plan of Adjustment also includes elements that promote and ensure that the Commonwealth maintains fiscally responsible policies and avoids the mistakes of the past, including: the establishment of debt management guidelines that govern future public indebtedness and the establishment and funding of a pension reserve trust to meet future pension obligations.
The Plan of Adjustment puts Puerto Rico on a path to grow again the Island's economy, encouraging investment by restoring investors' confidence in Puerto Rico, which in turn will promote economic development and job creation." He continued, "We are honored to have been involved in this historic moment, and as our team continues to advise the Government in other initiatives, our goal will continue to be the betterment of the Commonwealth and its people."
Kevin Lavin, CEO of Ankura
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 1,700 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.
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GOVERNMENT BUSINESS
Sage Communications | June 22, 2022
Sage Communications, a leading technology and public sector marketing and public relations agency in the Washington, D.C.-metro region, announced today that the company has formed a strategic alliance with federal management consultancy Deep Water Point to provide top-level marketing and professional services to businesses supporting the federal government.
The new alliance provides an unmatched solution for companies that seek to increase their business and growth in the federal government. Through a combination of both companies’ extensive understanding of the federal government, its critical programs, and industry, Sage and Deep Water Point will offer broad strategic and tactical capabilities to their many clients working with the federal government.
Our new alliance with Deep Water Point brings together our team’s ability to foster a more welcoming and informed federal market with Deep Water Point’s knowledge and experience from the perspective of federal agencies and government contractors. Whether targeting an entire agency mission or just one program, Sage Communications and Deep Water Point together will help companies map an efficient, practical, and doable path to success.”
David Gorodetski, co-founder and CEO of Sage Communications
Deep Water Point’s unparalleled understanding of government agencies and programs stems from its longstanding relationships and direct experience across every federal mission. Its team of more than 300 former senior-level agency and industry leaders guide clients to the right opportunities for their capabilities, increasing win probability and leading to success.
The new partnership with Sage will not only further that path to success but also bolster current capabilities by adding more professional communication experts within marketing and public relations while developing integrated offerings.
“Moving our business forward with one of the top marketing and PR agencies in the D.C. metro area provides both companies the opportunity to offer a more comprehensive suite of services to our mutual clients. Most importantly, companies doing business with us will benefit and that’s the basis for our relationship,” said Howard Seeger, Deep Water Point’s President and CEO.
About Sage Communications
Located in the Greater Washington, D.C. area, Sage Communications is a full-service marketing communications and public relations agency providing strategic marketing services to technology, government, healthcare, pharmaceuticals, non-profits and consumer-oriented organizations. The company provides a unique fusion of traditional and digital services that include public relations, advertising, marketing, branding, social media, interactive services, and event management to Fortune 500 companies, start-ups, non-profits, government agencies, associations and coalitions to deliver custom, high-impact communications programs. Sage supports several organizations and activities including the Leadership of Greater Washington, DC Jazz Festival, Access Youth, and The Children’s Inn at NIH.
About Deep Water Point
Deep Water Point’s unique combination of government and industry expertise helps businesses accelerate their growth in the complex federal market. With 300+ former senior government and industry executives who have operational experience and a proven track record of success, our expertise covers the federal civilian, DOD, intelligence community, and health and life sciences markets. Our complete array of services, from opportunity identification through capture, implementation, and operations, is unmatched by any other federal government consultancy. With a presence throughout the National Capital Region, Central Florida, the United Kingdom and the European Union, Deep Water Point has become one of the fastest growing and respected consultancies in the federal market.
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