U.S. GOVERNMENT SIGNS $450 MILLION COVID-19 VACCINE CONTRACT WITH JOHNSON & JOHNSON

JOHNSON & JOHNSON | March 31, 2020

The Trump administration has made another move in the race to combat and stop the viral outbreak of COVID-19, also known as the coronavirus, around the globe. The Health and Human Services Office of the Assistant Secretary for Preparedness and Response (ASPR) recently signed a deal for a $456 million order with Johnson & Johnson’s Pharmaceuticals arm Janssen. The order has been specified as a “new vaccine asset for 2019 Novel Coronavirus (COVID-19).” It is the largest amount spent on a vaccine project to date by the administration.

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Public concern about adequate supplies of clean water led to the establishment in 1891 of federally protected forest reserves. The Forest Service Natural Resources Agenda is refocusing the agency on its original purpose.

Spotlight

Public concern about adequate supplies of clean water led to the establishment in 1891 of federally protected forest reserves. The Forest Service Natural Resources Agenda is refocusing the agency on its original purpose.

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GOVERNMENT BUSINESS

Cartegraph Launches Right-of-Way Permitting Solution for Local Governments

Cartegraph | July 04, 2022

Cartegraph, a leader in infrastructure asset management software, has announced the launch of its right-of-way permitting solution for city and county public works, engineering, and transportation departments. By adding Cartegraph for Right-of-Way Permitting to its suite of asset management, work order, resource planning and facility management solutions, the organization assists municipalities in saving time and tax dollars by streamlining the permitting process. “We are in a period of accelerating innovation in local government right now, From city hall to public works, parks and water utilities, municipal agencies are embracing technology to deliver high-quality services for their residents: online options, contactless payment, and transparent communication. It’s exciting to partner with cities and counties on these efforts. Our comprehensive and modern infrastructure management platform is designed to meet the dynamic and evolving needs of infrastructure owners—from asset and work management to ROW permitting and beyond.Procedural logjams can significantly slow down infrastructure improvement efforts. That’s why we’re so focused on helping cities and counties move beyond a ‘how we’ve always done it’ mindset, It’s inspiring to see so many local government leaders leverage software to work smarter and create better experiences for their teams and residents—particularly at a time when no one has the luxury of extra staffing resources.” -Josh Mallamud, CEO of Cartegraph. In the past, public works and engineering teams have relied on paper, spreadsheets, interoffice mail and disjointed systems to manage their street, utility, telecommunication and tree permits. These processes often led to inefficiencies, lost requests and miscommunication between departments and constituents. Today, these infrastructure-focused agencies can use Cartegraph’s secure, digital permitting hub to manage contractor, homeowner and business requests to close roads, repair sidewalks, remove trees and more. With Cartegraph for Right-of-Way Permitting, constituents quickly submit, track and pay for permit applications. Once received, government teams easily review, approve and reject applications. Office staff can also create, store and send permits, and process payments in seconds. Cartegraph for ROW Permitting helps its users eliminate paperwork, automate workflows, boost departmental efficiency and accelerate sustainable community growth. To learn more, visit cartegraph.com/row-permitting. About Cartegraph- Cartegraph builds safer, more resilient and sustainable communities through better stewardship of buildings and critical infrastructure. They offer powerful, intuitive SaaS solutions that help government agencies, utilities, and educational institutions manage their physical assets and associated operations. With Cartegraph software, users optimize the life of their infrastructure, deploy maintenance resources efficiently and increase productivity to drive high-performance operations.

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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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GOVERNMENT BUSINESS,CYBERSECURITY

QinetiQ US to Acquire Avantus Federal

Avantus Federal | August 08, 2022

QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc and a leading defense company providing mission-critical solutions in robotics and autonomous systems, sensing, protection systems, and next-generation autonomous vehicles announced today that it has entered into a definitive agreement to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022. Avantus is a leading provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. From supporting sensitive national security customers on some of the most complex data engineering, cyber, and analytics problems in the world, to providing key mission operational, intelligence, and cyber support to special operators, and helping accelerate new technologies into the warfighter’s hands, Avantus has a strong track record of achieving speed-to-mission-impact. “We have been thoroughly impressed by the quality of the Avantus employee base, leadership team, customer impact, and the sustained organic growth. We see great alignment in our culture and strategy, Avantus’ highly integrated business, core capabilities, and customer relationships complement QinetiQ’s distinctive offerings, allowing us to grow the services and solutions that benefit our combined global customers as their needs evolve at an accelerating pace.” -Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc. Both Avantus and QinetiQ are best-in-class providers of technology services and support, cyber and intelligence solutions, and information services. With high-trust, established customer relationships within the most important and enduring mission areas, this acquisition enhances the go-to-market strategy for both companies. “We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation, This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company.” -Shawn N. Purvis, President and Chief Executive Officer of QinetiQ US. Our market is evolving rapidly and demanding more of our customers every day, and joining forces with QinetiQ US will deliver solutions at scale to meet the moment, said Andy Maner, Chairman and Chief Executive Officer of Avantus. With a shared culture of absolute customer focus and employee investment and a structure built for agility and speed, this opportunity to combine with QinetiQ US strengthens our defense presence and combined position across our intelligence and homeland, law enforcement, and civilian portfolio, and we are poised to continue our joint mission as an innovator unique to our market. The combination with Avantus will materially enhance QinetiQ US’s position in the largest defence and intelligence market in the world by creating a large full solutions US Defense contractor business well-positioned within high growth and durable market areas. Avantus brings a strong order backlog, and the acquisition creates a compelling platform for new scaling organic and inorganic growth for QinetiQ in the US. Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise. Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus. Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ. 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 Defense 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), a global integrated defense and security company focused on innovation for defense, security and civil customers around the world. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defense 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 Defense, Intelligence, Homeland Security, and Federal Civilian customers. Helping to solve some of the toughest national security problems and government missions, Avantus’ offerings enable services at scale, including cyber technologies and operations, data and software solutions, digital engineering and integration, intelligence analysis and operations, space domain capabilities, transformation and advisory services, and more. About NewSpring Holdings: NewSpring Holdings, NewSpring's dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.

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