Cybersecurity
Globenewswire | August 11, 2023
Virtru, the global leader in data-centric security and privacy, today announced that the Virtru Data Security Platform received Authorization to Operate (ATO) at the Moderate level under theFederal Risk and Authorization Management Program (FedRAMP®). This authorization was sponsored by the Centers for Disease Control and Prevention.
TheVirtru Data Security Platformunderpins a holistic suite of data protection products that empower public- and private-sector organizations to scale data-centric security across sensitive data workflows. The Virtru platform first achieved FedRAMP ATO at the Moderate level in 2019, and since that time, Virtru has continued to expand the platform to provide the federal government and its contractors with secure encryption, access controls, and key management capabilities. This includes the addition ofVirtru Secure Share, an encrypted file-sharing solution that equips organizations to securely send and receive sensitive data while retaining complete, continuous control over that shared data, with data owners having the ability to revoke access at any time.
“Federal organizations are realizing the urgent need for data-centric security, embracing strategies that enhance rather than impede the mission by prioritizing control and secure access to data at a granular level first, while also protecting the systems and networks that store and transmit it,” said Will Ackerly, co-founder and CTO, Virtru. “This includes the Office of the Director of National Intelligence (ODNI), which recently announced its intent toimplement a data-centric frameworkto address rapidly emerging cybersecurity challenges, highlighting the value and urgency of data-centric security to enable mission success.”
Ackerly added, “Virtru’s Data Security Platform gives federal organizations the critical foundations needed to execute against advanced data-centric cybersecurity strategies. The ATO was sponsored by the Centers for Disease Control and Prevention, which utilized our Data Security Platform to control and govern sensitive data both in motion and at rest. Virtru’s FedRAMP Moderate ATO could not have come at a more critical time for our nation, and we look forward to our continued technology deployments for our federal customers.”
Virtru’s FedRAMP Moderate authorization expedites procurement and solution authorization for Virtru’s federal customers. Additionally, the authorization validates the strength and trustworthiness of Virtru’s commercial solutions, which are built on the same robust and secure platforms that safeguard sensitive data flowing through email, file-sharing platforms, and SaaS apps.
Virtru applications arealso compliant with FIPS 140-2, an encryption security requirement for cryptographic modules used by federal government agencies and contractors. These organizations can additionally leverage the FedRAMP-authorized Virtru Data Security Platform and suite of applications to improve security and meet compliance requirements, such as those outlined by the Cybersecurity Maturity Model Certification (CMMC), the International Traffic in Arms Regulations (ITAR), Criminal Justice Information Services (CJIS), and more.
About Virtru
At Virtru, we empower organizations to easily unlock the power of data while maintaining control everywhere it’s stored and shared. More than 8,000 global customers trust Virtru to power their data-centric, Zero Trust strategies and safeguard their most sensitive data in accordance with the world’s strictest security standards. Creators of TDF (Trusted Data Format), the open industry standard for persistent data protection, Virtru provides encryption technology for data shared through email, collaboration tools, cloud environments, and enterprise SaaS applications.
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Government Business, Cybersecurity
Prweb | July 12, 2023
Milestone Systems, a global leader in open platform video technologies, announces today its partnership with FedCloudIA, paving the way for groundbreaking advancements in government security solutions. The company's signature software, Milestone XProtect, is now available as part of the FedCloudIA cloud service offering, a FedRAMP Ready video management solution.
By participating in this FedRAMP Ready environment, Milestone XProtect becomes a trusted cloud service technology for the U.S. government. This distinction eases the process of conducting business within the government sector. With this move, any government agency seeking a FedRAMP Ready Video Management System (VMS) now has the option to use Milestone through FedCloudIA. Likewise, resellers for government agencies looking to leverage Milestone's robust cloud capabilities may proceed through the FedCloudIA platform.
Through this partnership, Milestone integrators and government sector end-users gain access to a FedRAMP Ready cloud solution. The Milestone XProtect solution adheres to the security policies published by NIST and tailored to the FedRAMP Moderate baseline and DoD IL-4. Milestone XProtect is now available as a cloud service for all U.S. federal, state and local government agencies. Milestone technology partners may also be available under the FedCloudIA umbrella.
"Milestone's entry into the FedCloudIA framework marks a significant leap forward for government security. Our partnership ensures that government agencies can rely on an approved, secure, and effective open platform VMS to meet their unique needs," said Walter Coady, Business Development Manager, Federal Government, Milestone Systems. "Being in the market as part of a FedRAMP Ready solution underscores our commitment to innovation, integration and the partner ecosystem."
The Milestone XProtect open platform video management system currently supports more than 13,000 different security devices from more than 700 of the industry’s leading manufacturers. Technology partners include providers of network video cameras, smart sensors, cloud technologies, access control, alarm and detection systems, video analytics, GPS technology, laser scanners, emergency call boxes, and much more.
About Milestone Systems
Milestone Systems is a leading provider of data-driven video technology software in and beyond security that helps the world see how to ensure safety, protect assets, and increase business efficiency. Milestone enables an open platform community that drives collaboration and innovation in the development and use of network video technology, with reliable and scalable solutions that are proven in more than 500,000 customer sites worldwide. Founded in 1998, Milestone is a stand-alone company in the Canon Group. For more information visit: http://www.milestonesys.com
About FedCloudIA
FedCloudIA is an environment providing cloud-based video surveillance systems, access control systems, video storage, body worn cameras, and intrusion detection systems (IDS) to agencies. Agency-site equipment is supported by management infrastructure maintained by FedCloudIA and hosted in the Azure Gov Cloud. This service offering is delivered either as a Platform as a Service (PaaS) hybrid solution, or as a Software as a Service (SaaS) offering, with agency managed on-site equipment and FedCloudIA managed cloud infrastructure. FedCloudIA's PaaS offering allows agencies the flexibility to distribute resources between cloud and local systems. As a physical security environment, FedCloudIA simplifies the ATO process of multiple commercial off the shelf (COTS) manufacturers such as Milestone Systems.
About FedRAMP
The Federal Risk and Authorization Management Program (FedRAMP®) was established in 2011 to provide a cost-effective, risk-managed approach for the adoption and use of cloud services by the federal government. FedRAMP empowers agencies to use modern cloud technologies, with an emphasis on security and protection of federal information.
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Emerging Technology
PR Newswire | July 31, 2023
NewSpring Holdings leverages proven organic growth strategies and a disciplined M&A process to accelerate growth in sector-specific markets, including logistics, fin-tech, government services, IT services, and sports. The team has completed over 40 acquisitions and successfully built a government services platform, Avantus Federal,which recently sold for$590M.NewSpring("the Firm"), a family of private equity strategies, announced today that NewSpring Holdings, the Firm's majority investment strategy focused on sector-specific platform builds, has acquiredBridge Core, a leading provider of visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community. Bridge Core will use the proceeds of this transaction to execute a disciplined M&A and aggressive organic growth strategy to create a full-spectrum, technology-enabled intelligence company.
Alongside this transaction, Chad Kim has been named CEO of Bridge Core. Chad has spent over two decades supporting the intelligence community and interagency task force apparatus in diverse worldwide roles spanning from operations to analysis. This has provided Chad with a unique breadth of experience, mission intimacy, and relevant capability expertise. He also has an extensive track record in scaling organizations capable of building industry-disrupting technology for defense, intelligence, and commercial clients, most recently with former NewSpring portfolio company Avantus Federal. Bridge Core founders Tyler Laverick and Andy Rackovan will stay on with the company in key leadership roles.
"In the creation of a full-spectrum intelligence company, we're proud to begin our journey with Bridge Core, a company whose values and culture are closely aligned with my own and the team at NewSpring," said Kim. "Bridge Core treats its team members like family, fosters a strong work ethic, and consistently delivers mission impact in a nurturing environment that attracts and retains the best talent in the industry. Tyler and Andy have built an amazing company filled with savvy technologists and intelligence professionals, and we're thrilled to continue growing this business alongside them."
Bridge Core leverages a unique tech-to-mission concept, agility, and speed in delivering services that drive true value for its intelligence agency clients. Established expertise in visual intelligence, technology transfer, cybersecurity, and technical operations positions Bridge Core well to add on additional services and expand into a full-service agency serving a broad range of needs facing the intelligence community.
"An era of rapidly proliferating and converging data presents unique, evolving challenges for the intelligence community. More than ever, we see the crucial role of a holistic solutions partner capable of elevating the transformation of data into precise and impactful insights for the numerous mission sets of the U.S. government.," said NewSpring General Partner Lee Garber. "Our partnership with Bridge Core, a true market leader, aligns with our core vision to innovate within the national security space, where there is significant growth potential. Combined with Chad's leadership and extensive experience delivering mission outcomes with technology in the intelligence community, we're excited for the future of this business."
"In 2015, Andy and I set out to build a company focused on empowering and fostering a transparent culture, giving everyone a seat at the table to define our success," said Bridge Core Cofounder Tyler Laverick. "Eight years later, we realized it was time to join forces with a team that embodied what we built at Bridge Core and have found the perfect partner in NewSpring to help scale this business and further raise our impact on critical intelligence missions. We're excited about this new era for Bridge Core and look forward to taking this business to the next level."
About NewSpring
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 $3.0 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. 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. To learn more, visit www.newspringcapital.com.
About Bridge Core
Bridge Core is a federal services company built on a culture of trust and teamwork to advance the mission through innovation and passionate people. The Bridge Core team of experts enable Mission Partners by integrating innovative technologies and implementing processes that modernize the digital workplace. The Company's trusted, skilled, and diverse team members make a lasting impact by building tailored, client-focused solutions within secured spaces. The Bridge Core team facilitates the rapid adoption of technologies and commercial off-the-shelf (COTS) solutions through a unique understanding of mission requirements and the vendor's product(s).
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