EMERGING TECHNOLOGY, CYBERSECURITY

Viasat & Inmarsat Receive UK Government Approval for Proposed Combination Under National Security & Investment Act

Inmarsat | September 17, 2022 | Read time : 02:23 min

Viasat & Inmarsat NEws
Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced the receipt of approval of the proposed combination of their businesses by the UK Government under the National Security & Investment Act.

The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK's national security.

In March 2022, the companies committed to economic undertakings with BEIS, which underlined their pledge to strengthen and advance the UK's National Space Strategy. The economic undertakings include an expansion in the number of highly skilled jobs in key areas and a 30% increase in overall research and development spending in the UK.

"The combination of Viasat and Inmarsat creates a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world. The UK Government's clearance of Viasat's proposed acquisition of Inmarsat under the National Security and Investment Act is another important step forward on the road to closing the deal, and we would like to thank the UK Government for their close collaboration throughout the process. Viasat has been a trusted partner of the UK's defence and national security communities for more than a decade, including in the provision of its market-leading encryption products. The combined company, whose global international business headquarters will be situated in the UK, will build upon the strong UK relationships that Viasat and Inmarsat already enjoy and allow us to deepen our contribution to the UK's National Space Strategy."

-Mark Dankberg, Executive Chairman and CEO of Viasat.

Rajeev Suri, Inmarsat CEO, added: Inmarsat is proud of our decades of close work with the UK government. Today's approval brings us closer to delivering the new jobs and investment to the UK that have been committed by both Inmarsat and Viasat. Together, we will be well-positioned to compete in a robust market that has both well-funded new entrants and other industry players in the process of consolidating.

About Viasat:
Viasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. 

About Inmarsat:
Inmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. The deal is scheduled to close in the second half of 2022.


Spotlight

course of the four year programme, the Strategy has not only directed and informed actions that have led to environmental improvements within the county; it has also increased the depth of our understanding of the risks and opportunities faced.

Spotlight

course of the four year programme, the Strategy has not only directed and informed actions that have led to environmental improvements within the county; it has also increased the depth of our understanding of the risks and opportunities faced.

Related News

EMERGING TECHNOLOGY, CYBERSECURITY

Ermetic Initiates U.S. Federal Government FedRAMP Authorization for Authority to Operate

Ermetic | September 15, 2022

Ermetic, the cloud infrastructure security company, today announced that it has initiated the process to achieve Authority to Operate (ATO) status under the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. The company also announced the appointment of Ben McGucken as regional vice president of sales for US Federal and Latin America, who will lead the company’s FedRAMP certification. In addition, the Ermetic cloud security platform now supports AWS GovCloud (US) and Azure for US Government – which are designed to address specific regulatory and compliance requirements of US government agencies at the federal, state, and local level that run sensitive workloads in the cloud. The company has engaged stackArmor, Inc, a leading provider of FedRAMP engineering and advisory services, to guide Ermetic through the FedRAMP ATO process. stackArmor and its team of experts have over a decade of experience assisting cloud service providers to ensure their solutions meet compliance standards including FISMA, FedRAMP and NIST. “We are pleased to partner with Ermetic on their FedRAMP journey toward an ATO, stackAmor's ThreatAlert is an integrated suite of security and compliance services deployed within the accreditation boundary. This also includes continuous monitoring designed to help companies like Ermetic reduce the level of effort and costs while accelerating the FedRAMP process.” -Martin Rieger, Chief Solutions Officer for stackArmor. Federal, state and local governments are using the cloud to provide better services for constituents, but need to address security risks, especially those associated with preventing breaches, detecting issues rapidly, and protecting personal information, said Shai Morag, CEO of Ermetic. Ermetic is embarking on the FedRAMP process to provide every level of government with a comprehensive solution for cloud native application protection. Ben McGucken joined Ermetic from data security vendor BitGlass where he was AVP of Sales for South and Latin America. He has also served in senior sales roles with ExtraHop, Palo Alto Networks and Layer 3 Communications. “Ermetic already supports AWS GovCloud and Azure for Government for customers that want to conduct proof of concept evaluations, As we move through the FedRAMP authorization process, government agencies can feel confident that the Ermetic platform is designed to meet the regulatory and compliance requirements they must comply with for cloud workloads.” -Ben McGucken regional vice president of sales for US Federal and Latin America. About Ermetic: Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments. The Ermetic SaaS platform provides comprehensive cloud security for AWS, Azure and GCP that spans both cloud infrastructure entitlements management (CIEM) and cloud security posture management (CSPM). The company is led by proven technology entrepreneurs whose previous companies have been acquired by Microsoft, Palo Alto Networks and others. Ermetic has received funding from Accel, Forgepoint, Glilot Capital Partners, Norwest Venture Partners, Qumra and Target Global.

Read More

GOVERNMENT BUSINESS

Quantexa And Vodafone Partner To Provide Even Better Experience For Vodafone Business Customers In The UK

GOVERNMENT BUSINESS | November 29, 2022

Quantexa - a global leader in Decision Intelligence (DI) solutions for the private and public sectors - announced that it has partnered with Vodafone, the technology communications company, to connect scattered and siloed data points across Vodafone to deliver an improved experience for its business customers. Quantexa’s Decision Intelligence Platform was chosen by Vodafone for its advanced capabilities in data management and customer insights which enabled Vodafone to marry difficult to match data sets across its business and learn more about their customers. As a result, Vodafone can make quick and confident decisions to provide their customers with more relevant offerings and improved service. Quantexa’s Decision Intelligence (DI) platform was commercially deployed on Vodafone’s new Google Cloud environment and gives Vodafone insight into the interactions a customer has with them, including the products and services customers have purchased. Understanding customers from a 360-degree view will support the organization in giving prompts to the sales teams to drive timely client engagement. The new platform was delivered into commercial use with speed following a completed deal agreement in late Q1 of this year. It will initially be used in Vodafone’s small to medium business customer segments, and Vodafone will extend the platform to include SoHo and large business customers over the coming months. The partnership started when Quantexa joined Tomorrow Street – a joint-venture between Vodafone and the Luxembourg Government - that connects innovative technology companies, corporate partners, and Vodafone functions to establish and grow new business opportunities. Quantexa works with clients across several industries including banking, insurance, telco, and the public sector including government. Vodafone is the first company in the UK telecommunications industry to use Quantexa’s ground-breaking DI Platform to improve its customers’ experience. “We are delighted to be using Quantexa’s state-of-the-art Decision Intelligence Platform to ensure we are maximising the value of data, making the best decisions for our customers, and improving the services we offer. As a technology communications company, we recognise the importance of working with innovative companies in emerging technology categories, like Quantexa. Vodafone’s Tomorrow Street initiative to identify and accelerate innovation, is an exciting programme that we are delighted to work with.” -Nick Gliddon, UK Business Director, Vodafone. Vishal Marria, CEO, Quantexa, said, Forward-thinking organizations know they can only make strategic decisions and improve customer experiences using data that can be trusted. The first step is creating a single view of every customer. I’m thrilled that our Decision Intelligence Platform is helping Vodafone create a better experience for its business customers. I’m proud of what we’ve achieved alongside Tomorrow Street in what has been, and will continue to be, a fantastic collaboration. Creating long-term value from data is a focus of leading organizations world-wide and working with a leader like Vodafone in the telco space is an important milestone for the business. About Quantexa: Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle. The Quantexa Contextual Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Brussels, UAE, Malaga, Toronto, Singapore, Melbourne, and Sydney. About Vodafone in the UK: Vodafone is a technology communications company that connects people, businesses and devices to help our customers benefit from digital innovation. Our services span mobile, fixed line connections, home and office broadband, and the Internet of Things (IoT). We have a strong track record as a tech pioneer, making the UK’s first mobile phone call, sending the first text message, and making the UK’s first live holographic call using 5G in 2018. We were also the first to start carrying live 5G traffic from a site in Salford, Greater Manchester. As of March 2022, we have 5G in 380 locations across Europe – 141 in the UK and 239 across Germany, Spain, Italy and Ireland. Our 4G network coverage currently reaches more than 99% of the UK population. Today, Vodafone serves more than 18 million mobile and fixed-line customers in the UK. To help deliver Gigabit UK, our full-fibre broadband roll-out programme now covers 26 UK towns and cities, rising to 35 over the coming months through partnerships with CityFibre and Openreach. Our full-fibre services are now available to more than eight million homes across the UK.

Read More

EMERGING TECHNOLOGY, CYBERSECURITY

CounterCraft Awarded $26 Million Contract from U.S. Government to Support Advanced Cyber Operations

CounterCraft | October 07, 2022

CounterCraft has been awarded a sole-source contract from the U.S. government, with a ceiling of more than $26MM, allowing the entire U.S. Department of Defense and federal government access to their innovative deception technology for active cyber defense. This is an especially important announcement as CounterCraft continues their ongoing mission to support U.S. cybersecurity initiatives. "It is clear that we are the active cyber defense and threat intelligence partner of choice for some of the most sophisticated organizations in the world; from governments to critical infrastructure to Fortune 500 companies, This award validates that our technology is highly needed and tremendously valued by our customers." -David Barroso, CEO and Co-Founder CounterCraft. This contract announcement is the culmination of a three-year effort starting with competitive trials with the U.S. Defense Innovation Unit, where CounterCraft outperformed over 20 other cybersecurity firms, including some of the giants in the industry. "Enabling commercial solutions and advancing public-private partnerships is a strong move by GSA and other forward-thinking federal organizations to stay ahead of threats from nation-state adversaries, We are committed to supporting our warfighters with innovative solutions for defense cyber operations (DCO) and nontraditional cyber initiatives." -Amyn Gilani COO CounterCraft. About CounterCraft: CounterCraft is the next generation of threat intelligence. CounterCraft The Platform™ is a cyber deception platform that offers active defense powered by high-interaction deception technology. Countercraft detects threats early, collects personalized, actionable intelligence, and enables organizations to defend their valuable data in real time. Their award-winning solution, fully integrated with MITRE ATT&CK®, fits seamlessly into existing security strategies and uses powerful automation features to reduce operator workload. Founded in 2015, CounterCraft is present in London, New York, and Madrid, with R&D in San Sebastian, Spain. CounterCraft recently raised additional funding from venture capital firms including cybersecurity-specific funds Adara Ventures, eCAPITAL, In-Q-Tel and Evolution Equity, bringing the total investment to date to $10 million.

Read More