Walmart's Mexico unit pays scaled-down tax of $358 million after government talks

Walmart | May 26, 2020

Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday. The pact comes as President Andres Manuel Lopez Obrador seeks to tighten tax enforcement in a country with the lowest take in the 36-nation Organization for Economic Co-operation and Development. On Monday, Lopez Obrador said collection was up this year from the first five months of 2019.

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FedRAMP was created so that the US government can use the cloud while still protecting systems and data. FedRAMP helps provide clarity for both government agencies and cloud providers so that each knows what is required for cloud use. If you’re a cloud service provider or a government agency wanting to use the cloud, you must demonstrate that you can meet FedRAMP compliance requirements.

Spotlight

FedRAMP was created so that the US government can use the cloud while still protecting systems and data. FedRAMP helps provide clarity for both government agencies and cloud providers so that each knows what is required for cloud use. If you’re a cloud service provider or a government agency wanting to use the cloud, you must demonstrate that you can meet FedRAMP compliance requirements.

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EMERGING TECHNOLOGY,CYBERSECURITY

Avenu Completes Acquisition of Government Payment Solutions Provider, Interware

Avenu Insights & Analytics | January 20, 2023

In a recent announcement, Avenu Insights & Analytics, a firm specializing in administration and revenue enhancement solutions for governments, has acquired Interware Development Company Inc, a cloud-based payment solutions provider for local governments. Interware's industry-leading payment processing solutions offer Avenu's existing customers a new, centralized payment platform. Avenu and Interware will jointly deliver software and services that boost government capabilities and enhance the overall citizen experience. The state and local governments will be able to collect permitting and licensing, utilities and tax revenue more efficiently through this integrated platform. Interware's dynamic payment solutions, combined with Avenu's advanced sales & marketing framework helps bring together existing third-party payment processing providers. This results in an optimized and uniform level of service which transforms the government's ability to tackle the rapid rise in workflow processes that restricts staff productivity and resources, ultimately affecting efficiency. With shared resources and an integrated strategy, the combined company will be able to offer its customers more services and greater technical expertise. Paul Colangelo, CEO of Avenu, said, "Governments are seeing an increasing need for an integrated payment solution software offering to streamline their administrative and budget activities and automate workflow processes." He adds, "The combination of Avenu and Interware will provide governments with a centralized solution to maximize their efficiency while shaping a more robust citizen experience." (Source – Business Wire) About Avenu Insights & Analytics Founded in 1978 and headquartered in Centreville (Virginia), Avenu Insights & Analytics offers a broad range of solutions and services to more than 3,000 local and state government clients across the country. The company's services include Clearview Pension Administration Solution (CPAS) - the first ISO 9001 registered pension software, IT project management, compliance auditing, tax administration, and much more. Avenu delivers software solutions that digitally transform government customers by providing online access to records, modernizing processes, and lowering costs.

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EMERGING TECHNOLOGY

Symplicity joins the UK Government's G-Cloud framework for its 13th iteration

Symplicity | November 21, 2022

Symplicity® Corporation the global leader of student employability, wellbeing and success, is proud to announce it has joined the UK Crown Commercial Services as a certified supplier on the Government's G-Cloud 13 procurement framework. This acceptance brings a powerful, and affordable, student support services platform to higher education institutions across the United Kingdom. The approval means that any higher education institution can now engage with Symplicity without the need for prolonged and extended procurement, bringing a wide range of functionality and services within easy reach. This includes support for employability, skills and graduate outcomes, wellbeing and disability support, a unified student experience and employer engagement, to name a few. Part of the Government's Digital Marketplace, the G-Cloud framework is designed to ensure the public sector has access to proven and cost-effective cloud software and services via an online platform. "Achieving G-Cloud 13 certification enables Symplicity to continue offering higher education institutions the tools to improve student engagement and outcomes, With this sought-after certification, Symplicity can support more institutions, staff and students with a holistic and whole university support structure." -Thomas Jepsen, President of International at Symplicity. About Crown Commercial Service (CCS): Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2021/22, CCS helped the public sector to achieve commercial benefits equal to £2.8 billion - supporting world-class public services that offer best value for taxpayers. About Symplicity: Symplicity® Corporation is a global leader in student employability and engagement software solutions to more than 2,500 colleges and universities across 37 countries. Symplicity's SaaS platform supports the full student Iife, including early talent recruiting, accessibility, wellbeing and behavioural intervention. These solutions empower higher education clients to enhance a student's ability to stay in school, graduate and secure a first job.

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EMERGING TECHNOLOGY

IBM to Acquire Octo

IBM | December 08, 2022

IBM (NYSE: IBM) today announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health, and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Upon the close of the acquisition, Octo's approximately 1,500 employees will join IBM Consulting's U.S. public and federal market organization. Octo will be IBM's eighth acquisition of 2022. Since Arvind Krishna became CEO of IBM in April 2020, IBM has acquired more than 25 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities. Today's news builds on prior IBM Consulting acquisitions, including Dialexa, Neudesic, and Taos. Federal government agencies face significant challenges including technology skills shortages, rebuilding of U.S. domestic supply chains and more demand for citizen services. To address these complex challenges, agencies need an industry partner to help them navigate a scalable path to IT modernization with the power to leverage emerging technologies and applications, optimize costs and operational efficiencies, and improve security. The convergence of new hybrid cloud and AI technologies enables government to deliver rapid improvements and adapt to unprecedented challenges. The acquisition of Reston, Va.-based Octo will complement IBM's existing strengths in IT modernization and digital transformation, enhancing its ability to support federal agencies with a flexible, modern approach to digital transformation and growing IBM Consulting's public and federal market organization to 4,200 highly-skilled employees. With a proven track record of enabling rapid IT modernization and seamless citizen engagement, Octo also brings deep federal mission experience, as well as certifications in the technologies most used across the federal government. "Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time," said John Granger, Senior Vice President of IBM Consulting. "The combination of Octo's highly qualified and respected team with IBM's consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens." Building on a shared commitment to co-creation, oLabs, Octo's 14,000 square foot innovation center with in-house computing capability, expands IBM's ability to work collaboratively with federal agencies to rapidly prototype emerging technology solutions – enabling greater impact for federal agencies and the people they serve. "Octo was founded on the belief that digital transformation could be delivered at scale to modernize the federal government's approach to today's most pressing challenges – from public healthcare to national security, to defense and intelligence," said Mehul Sanghani, Chief Executive Officer of Octo. "Today, we are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale." IBM's acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details of the deal were not disclosed. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

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