Wall Street firms see increased chance that Trump takes action to weaken the dollar

CNBC | July 15, 2019

Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets and rhetoric about unfair foreign central banks and currency manipulation. Analysts now say there is a chance, albeit slim, that the Trump administration could intervene to weaken the dollar, which means the U.S. government would actually sell dollars and buy other currencies. But what they see as more likely is the U.S. will verbally abandon the long standing strong dollar policy, in an effort to level what it sees as an uneven playing field with countries, like China, harming U.S. exporters with a weaker currency.

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The Tri-Counties Regional Center (Tri-Counties) in Santa Barbara, Calif., connects nearly 13,000 disabled citizens with essential resources to enhance their quality of life. With service as the core value, Tri-Counties needed a more efficient document management process to automate and streamline manual, paper-intensive workflows to better serve their clients. CIO Dominic Namnath summed it up: “The faster we can get patients through the sign-in process and required paperwork, the sooner they can receive vital services and needed care. That’s a huge impact we can have on a person’s life.”

Spotlight

The Tri-Counties Regional Center (Tri-Counties) in Santa Barbara, Calif., connects nearly 13,000 disabled citizens with essential resources to enhance their quality of life. With service as the core value, Tri-Counties needed a more efficient document management process to automate and streamline manual, paper-intensive workflows to better serve their clients. CIO Dominic Namnath summed it up: “The faster we can get patients through the sign-in process and required paperwork, the sooner they can receive vital services and needed care. That’s a huge impact we can have on a person’s life.”

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EMERGING TECHNOLOGY,CYBERSECURITY

3M Health Information Systems division secures key federal government clearance for platform IT and security

3M | September 09, 2022

The 3M Health Information Systems (3M HIS) division has achieved fully authorized Federal Risk and Authorization Management Program (FedRAMP) status for its 3M RevCycle health services platform (RHSP). 3M HIS is the company's first division with a FedRAMP-approved product. With this designation, 3M RHSP is published on the FedRAMP marketplace, allowing federal entities to more easily contract and work with the company. 3M RHSP hosts and supports key operations offered by 3M HIS, including natural language processing (NLP) support for medical coding, clinical documentation integrity, clinician input and medical coding edits, self-service reporting, and evaluation and management. 3M RHSP utilizes robust statistical methodologies to create a comprehensive NLP platform that suggests medical codes, assists with medical terminology, and eases the provider front-end workflow. "We duplicated our commercial Health Services Platform to operate through Amazon GovCloud to achieve a fully authorized FedRAMP status, I am extremely proud of our federal markets team for achieving a FedRAMP ATO (authority to operate), which provides our platform with enhanced visibility, opens the door for us to secure cloud-hosted contracts with federal organizations, and makes it easier for us to add more products and solutions that are cybersecure and government approved." -Kim Aiello, director of federal market solutions, 3M HIS. The federal government is one of the largest buyers of cloud technology, according to FedRAMP. Cloud service providers (CSPs) offer innovative products that can help federal agencies save time and resources while meeting their critical mission needs. 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 and risk assessment for cloud technologies and federal agencies. For CSPs, FedRAMP provides a standardized security framework for all cloud products and services that is recognized by all executive branch federal agencies. CSPs only need to complete the FedRAMP Authorization process once for each cloud service offering and perform continuous monitoring, with all agencies reviewing the same continuous monitoring deliverables, creating efficiencies across the government. About 3M: 3M ( NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet.

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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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EMERGING TECHNOLOGY

Qtrac and Strategic Communications Partner to Improve Customer, Employee Experiences in Government Offices

Strategic Communications | September 16, 2022

Qtrac® by Lavi Industries, a world-leading provider of virtual queue management and appointment scheduling systems, today announced it is partnering with Strategic Communications, a certified woman-owned business enterprise (WBE) and reseller to U.S. government agencies, to provide best-in-class queue solutions for local, state and federal government offices. "Qtrac identified Strategic Communications as a partner who had broad industry experience in IT, audio visual and cloud services deployments, and shared Qtrac's passion to innovate with a purpose by delivering the highest value in business solutions, Both Qtrac and Strategic Communications share a commitment to provide the very best products and excellent customer service to their clients, We look forward to expanding Qtrac's virtual queue platform to additional departments and services in Florida and across the country because of our partnership with Strategic Communications." -Steve Covate, VP of Sales at Qtrac. Since its founding, Qtrac has continually invested in its products and staff to deliver an ever-evolving solution and unsurpassed support to appeal to a broad and changing market. The partnership enables Qtrac to leverage Strategic Communications' extensive experience and knowledge in order to increase market share and build product awareness in the government, education, healthcare, and enterprise sectors. "Strategic Communications sought a partnership with Qtrac to support a variety of government agencies with a best-in-class queuing and appointment platform that can be configured to benefit a wide range of government agencies and manage the complexity within them." -Blake Kelly, cloud sales manager at Strategic Communications. The partnership is already helping residents in Florida who need WIC (women, infants, and children) assistance. Qtrac's queue management solutions are being deployed by the Florida Department of Revenue to give them the ability to schedule their appointments for a time most convenient for them. Because of information gathered from citizens at the time appointments are made, workers will be prepared to deliver necessary products and services, increasing staff efficiency and reducing the amount of time recipients spend collecting needed supplies. ABOUT QTRAC: Qtrac® provides virtual queue management systems to companies of all sizes and across many different industries around the world. Its virtual queuing technology enhances the customer experience by focusing on the way people interact with businesses in order to eliminate lines, increase sales and improve service. Qtrac was founded by Lavi Industries, the premier provider of public guidance and crowd control solutions. Building on Lavi's 40+ years of experience and success in helping the world's leading companies effectively guide people in, through and out of their facilities, Qtrac helps organizations improve their operations by improving the customer journey.

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