U.S. Fed approves merger between BB&T, SunTrust Banks

BB&T | November 20, 2019

The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc, sealing the biggest tie-up of banks since the 2007-2009 global financial crisis. Analysts have said such a tie-up has been made possible by regulatory easing under the administration of President Donald Trump, which has encouraged banking regulators to take a more relaxed approach to approving mergers, bank applications and enforcement of post-crisis rules.

Spotlight

The Census of Governments is the most comprehensive, comparable, and precise measure of government economic activity. It identifies the scope and nature of the nation’s public sector and provides authoritative benchmark figures of public finance, pensions, and employment. It classifies the complex and diverse state and local government organizations, powers, and activities, and measures federal, state, and local fiscal relationships.

Spotlight

The Census of Governments is the most comprehensive, comparable, and precise measure of government economic activity. It identifies the scope and nature of the nation’s public sector and provides authoritative benchmark figures of public finance, pensions, and employment. It classifies the complex and diverse state and local government organizations, powers, and activities, and measures federal, state, and local fiscal relationships.

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EMERGING TECHNOLOGY

Sigma Defense Announces Acquisition of Sub U Systems to Deliver Enhanced C5ISR and JADC2 Capabilities

Sigma Defense | May 18, 2022

Sigma Defense Systems LLC, a portfolio company of Sagewind Capital and leading provider to the national security community, announced it has acquired Sub U Systems. Founded in 2008, Sub U Systems is a leading manufacturer of deployable tactical edge-of-network route, switch, and computing technology for commercial, government, and military use. The acquisition of Sub U Systems strengthens the Sigma Defense portfolio, expanding its existing capabilities for C5ISR, JADC2 and tactical SATCOM communications to deliver a more robust portfolio of solutions tailored to specific use cases. Together, Sigma Defense and Sub U Systems are positioned to deliver a broad range of software applications via a common hardware platform to include ISR relay, edge computing, AI/ML and analytics at the edge. Sigma Defense’s operating model, process maturity and management experience will further strengthen Sub U Systems’ product capabilities. The acquisition of Sub U aligns with our vision of autonomously connecting people, systems and data with an integrated hardware and software approach to communications. We are very excited to be able to deliver a platform that will support leading edge solutions such as artificial intelligence and machine learning and analytics at the edge delivering sense, make sense and act capabilities supporting the DoD vision for JADC2. Sub U not only accelerates our vision for the future, but their customers will recognize immediate benefits through our ability to scale and deliver more in the way of engineering resources, manufacturing output and program management.” Matt Jones, CEO of Sigma Defense “Sigma Defense is a natural fit for Sub U Systems’ tactical communications and IP networking solutions,” said Keir Tomasso, President and Founder of Sub U Systems. “Our history of innovative product design and development of customized communications solutions will bring new capabilities to the Sigma Defense portfolio. Sub U customers will benefit from the experience of the Sigma Defense management team and their ability to scale and deliver system and solutions in support of customer’s unique requirements. I am very proud of what we have accomplished and the entire Sub-team looks forward to bringing our innovative approach to Sigma Defense.” Mr. Tomasso will continue to oversee Sub-U Systems operations and develop new solutions for growth. About Sigma Defense Sigma Defense Systems LLC is a leading technology company serving the Department of Defense (DoD) providing systems and services for Intelligence Surveillance and Reconnaissance since 2006. The company’s software-focused approach to tactical communications accelerates information collection and sharing for faster decision making and better mission outcomes. Customers turn to Sigma Defense for engineering, program management, and data logistics services for technical solutions that encompass ground, air, and space-based systems and sensors and network and satellite communications. Sigma is headquartered in Perry, GA with satellite offices both CONUS and OCONUS. About Sub-U Sub U Systems (SUB-U) designs and manufactures software and hardware-based IP routers, switches, computers, integrated IP-based appliances, and Software Definable Network Appliances (SDN‑A), for the commercial, public safety, and defense markets. As NSA Commercial Solutions for Classified (CSfC) experts, SUB-U delivers secure, high-performance products that meet the most stringent environmental requirements where ruggedization, size, weight, and power are critical. SUB-U also provides a full range of specialized support services in the form of custom design engineering and communications solution engineering support services.

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INFRASTRUCTURE,CYBERSECURITY

MicroAge Expands its Cybersecurity and Infrastructure Expertise with the Acquisition of cStor

MicroAge | July 16, 2022

MicroAge, The Digital Transformation Experts®, announced the acquisition of cStor, a leading provider of cybersecurity, modern infrastructure, and digital transformation solutions. The acquisition will expand MicroAge's robust digital transformation service offerings to provide enhanced solutions and services for its clients, including a mature cybersecurity practice as well as extensive data center delivery and networking engineering expertise. cStor was founded in 2002 by Bill Nowlin and initially launched as Custom Storage, providing data center consulting and solutions. Over the past few decades as technology and cybersecurity threats have rapidly evolved, cStor stayed in lockstep with the technology landscape, developing comprehensive offerings and expertise in cybersecurity, digital transformation, and modern infrastructure. In support of those practice areas, the company also expanded its professional services capabilities to enhance the value and improve overall business outcomes for clients. "Together, our companies are even better positioned for scale and growth, With our combined expertise, we can positively impact our clients' business outcomes with shared resources that expand our services, market knowledge, technology access, and technical expertise." -Rob Zack, CEO of MicroAge. Since our inception, cStor has been dedicated to client success by architecting solutions through innovative problem solving and an understanding of our clients' overall business challenges, said Larry Gentry, president and CEO of cStor. By joining MicroAge, we are better positioned to deliver the most impactful solutions and services that will successfully transform our clients' businesses now and into the future. About cStor- cStor helps organizations strategize, design, and implement cybersecurity, digital transformation, and modern infrastructure solutions and services that address the evolving needs of today's enterprise. cStor's proven capabilities with best-in-class technologies provide peace of mind and put organizations on a path to success. cStor serves clients throughout the Southwest with a focused, collaborative approach and superior results. About MicroAge- MicroAge combines a powerful mix of technology services, backed by vendor-certified engineers and an acclaimed panel of experts to deliver the competitive edge technology leaders need to lead in a disruptive, digital environment. A Gold-Certified Microsoft partner, MicroAge is recognized annually by the Computer Reseller News (CRN) in the Tech Elite 250, Solution Provider 500, and MSP 500 lists of top-performing technology integrators, strategic service providers, and IT consultants.

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CYBERSECURITY

QuSecure Announces Company Launch With Industry’s First End-to-End Post-Quantum Cybersecurity Solution

QuSecure | May 24, 2022

QuSecure, Inc., an innovator in post-quantum cryptography (PQC), formally launched as the first company to offer an end-to-end, quantum resilient orchestration platform. QuSecure’s solution, QuProtect, is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data using a quantum secure channel and standardized PQC algorithms. It addresses present classical attacks and future quantum computing threats for commercial enterprises and government agencies. QuSecure’s novel approach, as outlined in a separate QuSecure Product Launch press release issued today, had previously enabled the company to secure a triple-oversubscribed seed round from investor groups including Band of Angels, and has garnered significant interest for future funding activities from an A-list of investors. The company is led by CEO Dave Krauthamer, Silicon Valley CEO, CIO, CTO, CRO, CMO; COO Skip Sanzeri, long-time Silicon Valley Executive and author of “The Quantum Design Sprint” who has engineered five successful exits; CTO Greg Bullard, former VP of Engineering and head of Hardware Security at Qualcomm; Pete Ford, Head of Federal Operations, formerly a United States Air Force F-15 fighter pilot with five combat tours and former executive in Raytheon’s Missile and Defense Group; and Chief Product Officer Rebecca Krauthamer, who graduated with a degree in symbolic systems from Stanford, and is a Forbes 30 under 30 and 12 Women Pioneering the World of Quantum Computing honoree, quantum board member at the World Economic Forum, and formerly served as CEO of quantum computing venture studio Quantum Thought. QuSecure’s mission is to provide enterprises and government organizations with a comprehensive cryptographic orchestration platform that addresses today’s classical and future quantum threats. Our QuProtect solution secures networks from current vulnerabilities using zero trust, next-generation standardized encryption, active monitoring, and attack remediation – all cloud-delivered in software to existing devices, over existing infrastructure. We are creating an exceptionally secure future using a unique and comprehensive approach to cybersecurity that gives organizations a practical encryption solution for resilience to cyberattacks. Early customers tell us that a SaaS end-to-end PQC approach is optimal to address their critical needs for a practical post-quantum cybersecurity solution. QuProtect is the ‘easy button’ for this critical PQC upgrade.” Krauthamer,QuSecure CEO While quantum computing is an emerging field, leading experts such as Arthur Herman, senior fellow and director of the Quantum Alliance Initiative at The Hudson Institute, believe that a Cryptographically Relevant Quantum Computer (CRQC), which is a quantum computer that can break current cryptography and will expose the world’s encrypted communications and data, will be available within the next 3-5 years. Additionally, nation-state attackers are currently stealing encrypted data which will be retroactively decrypted once a CRQC is available. This is a style of hacking known as “Steal Now, Decrypt Later” (SNDL), which is especially important to consider in the case of sensitive data – bank account information, electronic health records, national security information, etc. – that needs to remain secret for decades. As a result, on May 4, the White House mandated PQC compliance via the National Security Memorandum “Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems.” Additionally, the bipartisan Endless Frontiers Act would establish a Technology and Innovation Directorate at the National Science Foundation, which would use $100 billion in federal funds over five years to research emerging technologies including quantum computing, and specifically PQC. Organizations will need to follow suit to protect their data and communications from post-quantum cyberthreats. “National Security, Public Safety and Privacy have all collided in the past several years,” said United States Navy (Retired) Rear Admiral Mike Brown, a senior cybersecurity specialist formerly with the Departments of Defense and Homeland Security. “Quantum security with quantum computing and encryption is foundational to public and private sector efforts to counter nation states, rogue actors, criminals and others. We must counter serious threats with advanced technologies that can be easily deployed and are successful. QuSecure is leading in this field, and I’m thrilled to be part of their advisory team.” QuSecure, with focus on adoption, easy upgrade, and modern cyber-protection practices, architected QuProtect as a more resilient PQC platform that works anytime, anywhere and on any device. The company provides an end-to-end quantum security as a service (QSaaS) architecture that addresses the digital ecosystem’s most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The comprehensive approach is designed around the entire data lifecycle as data is stored, communicated, and used. In addition to its expert team of founders and employees, QuSecure has collected an all-star quantum and cryptography advisory team. Advisors (partial list) include Rene Haas, CEO of Arm Ltd., a Fortune 500 leader in designing, securing and managing all areas of AI-enhanced connected compute; United States Navy (Retired) Rear Admiral Mike Brown, a senior cybersecurity specialist formerly with the Departments of Defense and Homeland Security; Paul Touw, formerly Chief Strategist for the US Department of State and founder of Ariba Networks (now SAP Ariba); Dr. Sarah McCarthy, Postdoctoral Researcher at the University of Waterloo and specialist in post-quantum cryptography; Laura Thomas, former CIA Chief of Base with more than 17 years in various national security and leadership roles and currently VP of Corporate Strategy at ColdQuanta, a quantum computing and sensing company; John Cosgriff, CEO at UnitedHealthOne, part of UnitedHealth Group, the world’s largest healthcare company; Louie Gasparini, former CTO & VP of Product Management at RSA; and Moshe Ben Simon, VP of Products at Fortinet. “The security community is facing a crucial time where cutting-edge research needs to be accelerated to the stage of product deployment,” added Dr. McCarthy. “With its diverse team of experts, determination and resources, QuSecure is well-equipped for this challenge.” About QuSecure QuSecure is an innovator in post-quantum cybersecurity with a mission to protect enterprise and government data from quantum and classical cybersecurity threats. Its patent-pending, quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The company’s QuProtect solution is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley. QuSecure and QuProtect are registered trademarks of QuSecure in the United States and other countries. All other company and product names are either trademarks or registered trademarks of their respective companies.

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