Parker | July 20, 2022
Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”).
Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”):
Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK;
Meggitt’s key areas of existing operational capability in the UK;
R&D (including product engineering) and manufacturing labor headcount in the UK;
Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and
Contractual obligations regarding supply of goods and services to HM Government.
Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent.
“We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.”
-Tom Williams, Chairman and Chief Executive Officer, Parker.
The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
Unison | July 25, 2022
Unison, the leading provider of acquisition management software and insight to government agencies, program offices, and contractors, announces that the Federal Deposit Insurance Corporation (FDIC) has completed modernization of their FAMS (FDIC Acquisition Management System) with the successful roll-out of Unison's PRISM SaaS solution.
Through this implementation, FDIC has fully replaced four different legacy systems that were only loosely joined together, and measurably improved their Compliance, Audit, and Reporting postures with a net gain in functionality and operational efficiency. FDIC's FAMS initiative to replace their current Appian based system was one of the top agency performance goals for the year.
"By leveraging PRISM's Accelerator and Analytics functionality, FDIC is now able to streamline their early Acquisition planning processes as well as take advantage of PRISM's robust analytics to enhance their reporting and dashboarding, Through this initiative, FDIC has been able to seamlessly harmonize many acquisition-related functions in a single solution benefitting a broad spectrum of their users and business processes."
-Greg Young, General Manager PRISM.
FDIC selected PRISM SaaS including secure infrastructure and a Web Services-based integration layer which works with FDIC's existing enterprise systems to realize greater value across their applications ecosystems. This has allowed the agency to side-step its technical debt and maintenance burdens for an Acquisition system. PRISM is the only proven, widely used, and built for federal FedRAMP Moderate compliant Acquisitions solution. FDIC acquisition professionals are using the Unison PRISM solution to efficiently and effectively manage the complete federal acquisition lifecycle, in a compliant way, from planning through closeout.
Unison's secure cloud and on-premise Lifecycle Acquisition Management software, Marketplace, and information products support more than 200,000 users in leading prime contractors, all cabinet-level agencies, and major DoD programs. All software development and support are provided within the USA.
Resecurity | September 12, 2022
Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its deepened partnership with Cloud Seguro to expand Resecurity's AI-driven cybersecurity solutions and services to Colombia. Based in Bogotá, Cloud Seguro is a leading Colombian Information Security, Ethical Hacking and Cloud Security company.
As Colombia's digital economy expands, cyber threats are increasingly prominent; the first half of 2020 saw a 59% increase in reports of computer crimes compared to the same period of the previous year. In 2019, Colombia was among the countries in Latin America most targeted by cyber criminals. Cybersecurity has become a frequent topic of policy concern for Colombia. The government proposed a Consolidated Guiding Vision in document CONPES 3701, which seeks to generate national cybersecurity policy guidelines. The aim is to develop a national strategy that counteracts the increase in computer threats to Colombia's digitization process.  To accelerate the implementation of AI-powered cybersecurity and threat intelligence in Colombia, Resecurity has further partnered with Cloud Seguro to provide Colombian customers best-in-breed risk management.
"The relationship between Colombia and the United States has continuously strengthened over the last 300 years to a full partnership that links the governments of both nations around several key issues, including, most recently, terrorism and cybercrime; our deepened partnership with our existing reseller in Colombia, Cloud Seguro, is a natural expansion as Colombia invests in cybersecurity to secure private and public organizations, leveraging AI Resecurity is excited to build a deep relationship with Cloud Seguro to drive cybersecurity market development in Colombia, including participating together in co-organized events and cybersecurity contests."
-Gene Yoo, CEO of Resecurity.
The synergy between Cloud Seguro and Resecurity will accelerate proactive managed threat detection, vulnerability assessment and penetration testing (VAPT) services for Colombian market. The offering will enable local business leaders to mitigate possible cybesecurity risks and minimize damage from the consequences of data breaches and ransomware activity targeting companies in critical sectors of economy in Latin America.
Resecurity's innovative cybersecurity solutions allow organizations to automate the identification, assessment, and triage of incoming cyber threats while staying ahead of cybercriminals using advanced tactics to attack organizations at scale. The AI-driven platform allows administrators to reduce potential blind spots and security gaps by quickly seeing in-depth analysis and specific artifacts obtained through the dark web, botnets activity, network intelligence, and high-quality threat intelligence.
"Risk must be identified in each of the processes of companies, not only in technology management; each process has a risk and needs special management in information security. Our alliance with Resecurity allows us to use their bleeding-edge tools and highly innovative team to augment our own team on the ground in Colombia to provide our Colombian customers with unparalleled services, across on-premise, private cloud and public cloud."
-German Realpe, CEO and co-founder of Cloud Seguro.
Resecurity is a cybersecurity company providing managed threat detection and response. The company delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico).
About Cloud Seguro:
Founded in 2011, Cloud Seguro's information security consulting is based on managing risk, which is different for each company. Identifying the risks is the best way to understand how to create an information security management system. When the risk of a company's processes and assets is understood, security controls can be implemented, including encryption, technological tools, digital signatures, electronic signatures, VPNs, software, and others. Cloud Seguro has created a simple methodology that is based on processes, procedures and technical controls. With this methodology, it is easy to certify a process over time under the framework of the ISO 27001 standard. Cloud Seguro's clients are from myriad verticals, including health, services, and Fintech.