U.S. trade deficit narrows sharply as exports rebound

Reuters | March 27, 2019

The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines. The Commerce Department said on Wednesday the trade deficit declined 14.6 percent, the largest decline since March 2018, to $51.1 billion also as softening domestic demand and lower oil prices curbed the import bill. Data for December was revised slightly down to show the trade gap widening to $59.9 billion instead of the previously reported $59.8 billion. Economists polled by Reuters had forecast the trade gap narrowing to $57.0 billion in January.

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The only FedRAMP and DISA IL4 collaborative work management platform built for the federal government.

Our central, cloud-based platform integrates with your existing tech ecosystem, and scales to meet any demand. So the entire business can align with purpose, act with agility, and transform to succeed in a fast-changing world.

Spotlight

The only FedRAMP and DISA IL4 collaborative work management platform built for the federal government.

Our central, cloud-based platform integrates with your existing tech ecosystem, and scales to meet any demand. So the entire business can align with purpose, act with agility, and transform to succeed in a fast-changing world.

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

UK Government’s G-cloud 13 Supplier Network Status for Precisely

Precisely | January 11, 2023

Global leader in data integrity solutions, Precisely, is selected to be a supplier for the Crown Commercial Service's G-Cloud 13 Framework. Precisely's portfolio of data integrity solutions is now available on the G-Cloud procurement platform, further establishing the company's reputation as a trusted solutions provider to the central and local governments as well as the public sector. The G-Cloud initiative aims to make cloud-based services more accessible to the UK government and public sector organizations. The framework only includes suppliers and solution providers who meet the UK Government's highest privacy, security, and scalability standards, allowing organizations to procure the services and solutions they require more quickly and with less risk. Government and public sector services are under considerable stress, which the COVID-19 pandemic aggravated, and many organizations assigned with meeting demanding digital transformation efforts are struggling with the change. This causes data silos, inefficient resource use, a lack of understanding of citizen needs, and even regulatory compliance concerns. Data analytics continues to be the most pressing issue for central government departments, a recent Central Gov Strategy Forum study revealed, with 65% of the departments planning to increase spending in this area in 2023. "Whether organizations are looking to move from antiquated mainframes to the cloud, create data governance frameworks, build data quality for a 360° view of their citizens, or leverage powerful spatial insights, successful digital transformation programs need to be fuelled by accurate, consistent, and contextual data," said Jay Reilly, SVP - EMEA at Precisely. He further stated, "Our placement on G-Cloud 13 means public sector organizations can more easily access our portfolio of data integrity solutions, empowering them to make the confident decisions needed to improve the lives of citizens." (Source: Businesswire) About Precisely Precisely is the world's leading data integrity firm, serving 12,000 customers in over 100 countries, including 99 of the Fortune 100, by ensuring data consistency, context and accuracy in data. Precisely's data integration, quality, governance, location intelligence, and enrichment technologies help businesses make better decisions and accomplish better results.

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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

AE Industrial Partners Completes Investment in York Space Systems

York Space Systems | November 15, 2022

AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations. Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed. Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more. "York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development." -Kirk Konert, Partner at AEI. York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation. AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead. About York Space Systems: Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers. About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.

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