COAST GUARD RECEIVES SECOND FOUR-STAR ADMIRAL

U.S. Coast Guard | June 01, 2016

Charles D. Michel, vice commandant of the Coast Guard, was promoted to the rank of admiral at Coast Guard Headquarters Wednesday.

Spotlight

An intriguing look at the 2014 Federal Budget shows the dizzying amount of money that flows out of the US government coffers next year. This chart depicts the President’s budget request for 2014. The center circle is the size of the discretionary part of that budget, and the smaller circles represent the details of the spending. Unlike Social Security, Medicare, and Medicaid, which are mandatory spending, the discretionary budget reveals specific details about our national priorities. We have paced national security-related funding primary on the left side of the chart; the right side represents other expenditures. For reference, the entire federal budget, both mandatory and discretionary, is depicted in the inset in the bottom-right corner.


Other News
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

Deltek Completes Its Acquisition of TIP Technologies

Deltek | September 27, 2022

Deltek, the leading global provider of software and solutions for project-based businesses, announced that it has completed its acquisition of TIP Technologies – the leading provider of quality, compliance and manufacturing execution solutions for the highly regulated aerospace and defense (A&D) and government contracting industry. The agreement to acquire TIP Technologies was announced on Thursday, July 14. With this acquisition, Deltek will add quality management system (QMS) and manufacturing execution system (MES) capabilities to its portfolio of ERP and manufacturing solutions for government contractors, aerospace & defense (A&D) and Engineer to Order (E2O) firms. For decades, Deltek has offered award-winning solutions to government contractors of all sizes. With the combination of Deltek + TIP Technologies, the company will provide the most comprehensive solutions for government contractors and in particular, aerospace & defense and engineer to order firms. Joining forces with Deltek is a strategic milestone for TIP Technologies and we look forward to seeing how our businesses and solutions can progress together, said Mike Miller, founder and CEO of TIP Technologies. We are thrilled to now be a part of Deltek and I want to thank all our TIP Technologies employees and all the parties involved that helped us complete this acquisition. "Having already partnered with TIP Technologies for years, we are confident that the team's knowledge and strength in complex manufacturing is the perfect complement to Deltek's government contracting solutions. Together with TIP Technologies, we now offer the most complete integrated ERP, QMS and MES solutions for government contractors to meet strict federal government compliance requirements. We are thrilled to begin this journey together with the TIP Technologies team, While Deltek is excited to add TIP Technologies to its existing portfolio of purpose-built solutions for government contractors, we do remain committed to supporting the needs of the A&D firms using third party ERP solutions." -Mike Corkery, President and CEO at Deltek. About Deltek: Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. About TIP Technologies: Founded in 1989, TIP Technologies was one of the first to provide integrated quality assurance software using a commercial, off-the-shelf strategy. Now a recognized leader in the industry, TIP Technologies continues to develop highly respected software that is used by some of the world's largest corporations.

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CYBERSECURITY

Keeper Security Announces FedRAMP Authorization

Keeper Security | August 25, 2022

Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, secrets, and connections, today announced that the company has obtained FedRAMP Authorization at the Moderate Impact Level for its Keeper Security Government Cloud (KSGC). The KSGC password management and security solution has successfully completed the rigorous FedRAMP accreditation process. This highly sought-after and difficult to attain designation sets KSGC apart from its competitors as the best in class zero-trust and zero-knowledge security solution for government agencies to protect their passwords, data, and secrets. KSGC is hosted in AWS GovCloud (US), designed to host sensitive data, regulated workloads, and address the most stringent U.S. government security and compliance requirements. To receive FedRAMP Authorization, organizations must implement controls from 17 different control families that originate from National Institute of Standards and Technology Special Publication 800-53. This alone can take organizations months or years, depending on the complexity of the system. Authorization can only be pursued by an organization through partnering with a federal agency or the Joint Authorization Board (JAB). Additionally, the system must be evaluated and assessed by an authorized independent third-party auditor prior to submitting for final review and authorization by the FedRAMP Program Management Office. "Keeper is proud to bring its password management and cybersecurity platform to FedRAMP Authorized status," said Darren Guccione, CEO and Co-Founder of Keeper Security. "This authorization demonstrates Keeper's longstanding -- and, some would say, fanatical -- commitment to the highest standards of internal security controls and encryption. Keeper is prepared to help federal agencies protect their digital assets against ransomware, data breaches and other password-related cyberattacks." "As a FedRAMP Authorized password management and security solution, KSGC will enable Carahsoft and our reseller partners to help federal agencies better secure their sensitive information and protect against password related breaches, Keeper's zero-knowledge, zero-trust architecture solves compliance and regulatory enforcement requirements, providing a trusted, reliable solution that meets government needs." -Steve Jacyna, who leads the Keeper Security team at Carahsoft. Today's attackers are advanced at using any breached username and password combination to run through analytics and bots to find any use or similar use combination. By leveraging password managers, a constant health check can be maintained for password diversification and security, said Jean-Paul Bergeaux, Federal Chief Technology Officer of GuidePoint Security. Enterprises cannot assume users are doing this and KSGC provides a way for government security teams to maintain password security while also significantly improving user experience throughout their work life. The FedRAMP Authorized KSGC follows a White House Executive Order mandating zero-trust architecture and strong encryption, along with a draft memorandum by the Office of Management and Budget (OMB) and the Cybersecurity and Infrastructure Security Agency (CISA) mandating all federal agencies adopt a zero-trust security architecture by 2024. The memorandum specifically calls out password security requirements that KSGC facilitates, including strong password policies, the removal of a deprecated requirement to require special characters and regular password rotation, and the ability to compare user passwords against weak and breached data. Keeper provides government agencies with a human-centric cybersecurity solution that promotes adoption of password best practices, like the use of MFA, by employees and contractors. Keeper also promotes secure collaboration with encrypted record sharing that allows system administrators to regulate privileged access to files, as well as masking credentials. Keeper's zero-knowledge system architecture provides the highest levels of security and privacy. Encryption and decryption of data always occurs locally on the user's device, and only the encrypted ciphertext is stored in KSGC. About Keeper Security: Keeper Security, Inc. ("Keeper") is transforming the way organizations and individuals protect their credentials, secrets, connections and sensitive digital assets to significantly reduce the risks of identity security-related cyber attacks while gaining visibility and control. Keeper is the leading provider of zero-trust and zero-knowledge security cloud services trusted by millions of people and thousands of organizations for password and secrets management, privileged access, secure remote infrastructure access and encrypted messaging. Keeper's products are the highest-rated in the industry across G2, Trustpilot, PCMag and U.S. News & World Report. For the last several years, Keeper has received several InfoSec Awards from Cyber Defense Magazine for its cyber security enterprise software. Keeper is SOC 2 and ISO 27001 certified, and FIPS 140-2 validated, and Keeper is the only FedRAMP Authorized enterprise password management solution. Keeper is backed by Insight Partners, a leading venture capital and private equity firm with $90b AUM. About Carahsoft: Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Federal, State and Local Government and Education and Healthcare. As the Master Government Aggregator® for its vendor and reseller partners, Carahsoft delivers solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement, and more. About GuidePoint Security: GuidePoint Security provides cybersecurity solutions and services that help organizations make better decisions. GuidePoint Security's holistic approach enables organizations to identify threats, optimize resources, and integrate solutions that mitigate risk.

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GOVERNMENT FINANCE

Federal Home Loan Bank of Chicago and Ginnie Mae reach $3 Billion Milestone in MPF Government MBS

Federal Home Loan Bank of Chicago | June 30, 2022

The Federal Home Loan Bank of Chicago (FHLBank Chicago) and the Government National Mortgage Association (Ginnie Mae) announced that total issuance under the Mortgage Partnership Finance® Program (MPF®) recently surpassed $3 billion in mortgage-backed securities (MBS). The MPF Government MBS product resulted from a partnership forged by FHLBank Chicago and Ginnie Mae to issue securities guaranteed by Ginnie Mae and backed by mortgages originated by Federal Home Loan Bank member financial institutions. The MPF Government MBS product provides mortgage lenders, particularly smaller institutions, direct access to the secondary mortgage market and more mortgage loan solution options for their valued customers. Ginnie Mae developed the first mortgage-backed security in 1970, by pooling loans into a security sold in the secondary market. The MPF Program is an important partnership for making the Ginnie Mae MBS system accessible to small community banks and lender partners, and this $3 billion milestone demonstrates its value in the marketplace. This program advances our mission and commitment to ensure liquidity for government mortgage products and create more equitable and affordable homeownership opportunities for households across the country." Alanna McCargo,Ginnie Mae President Federal Home Loan Banks across the nation offer the MPF Government MBS product to their members. "As the MPF Program celebrates 25 years of helping community lenders nationwide, achieving this milestone with Ginnie Mae is another testament to our continued strong partnership," said John Stocchetti, Executive Vice President of the MPF Program. "Our business model provides community lenders access to the secondary market, and our relationship with these lenders gives their communities access to affordable mortgage products." The MPF Program's partnership with Ginnie Mae began in 2014 and continues to provide lenders a channel to the MBS marketplace. About the MPF Program The MPF Program allows eligible Federal Home Loan Bank members to sell conventional conforming and government loans to their Federal Home Loan Bank or other investors. To learn more visit fhlbmpf.com. "Mortgage Partnership Finance" and "MPF" are registered trademarks of the Federal Home Loan Bank of Chicago. About Ginnie Mae Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development's Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.

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EMERGING TECHNOLOGY,INFRASTRUCTURE

Torch.AI & Vertosoft Join Forces to Optimize Data Infrastructure with AI for 100+ New Customers Across the U.S. Government

Torch.AI | August 19, 2022

Torch.AI, pioneers of data infrastructure AI, announced today a partnership with Vertosoft to accelerate the adoption of next-generation artificial intelligence (AI) and data infrastructure software capabilities across the U.S. Government. Torch.AI, already supporting some of the world's most important organizations, has re-imagined how organizations use and extract value from data. The company's software is quickly becoming the AI ecosystem and data infrastructure standard, introducing a new way for teams to increase productivity, prioritize resources, and bridge data silos by accessing and correlating mission-critical information. Torch.AI's role in the partnership will be to propel the adoption and delivery of new data infrastructures powered by AI to government agencies seeking an innovative response to complex data challenges. Torch's solutions will complement Vertosoft's strong portfolio of enabling technology partners in DOD agencies, such as the U.S. Army and U.S. Air Force, and further extend reach to Vertosoft's vast 100+ organization network across the greater DOD and Civilian space. As a leading emerging technology distributor, Vertosoft is focused on bringing innovative and emerging technologies to the public sector. With dozens of contract vehicles and government-wide acquisition contracts, Vertosoft simplifies government procurement. The partnership with Torch.AI will enable Vertosoft to bring critically important data and AI capabilities to every level of government. "We're excited to build on our momentum in the government space and continue powering mission-critical decisions and operational capabilities with our data infrastructure AI solutions, We see Vertosoft as a key component of our public sector strategy and plan to leverage their experience in bringing technology to the government market." -Bobby Butler, Director of Partner Success at Torch.AI. We continue to hear from public sector customers across the U.S. Federal, State, and Local markets that they're consistently looking to integrate more diverse datasets into their decision-making process and have systematically struggled in doing so, says Josh Slattery, Vice President of Technology Sales at Vertosoft. Vertosoft is thrilled to partner with Torch.AI to help bridge the gaps and turn AI into a reality for our public sector customers. About Torch.AI: Torch.AI, the Data Infrastructure AI Pioneers, are headquartered in Kansas City with offices in Washington, DC. The company developed the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies. About Vertosoft: Established in 2016, Vertosoft accelerates the adoption of innovative and emerging technology within the government. We bring the flexibility, agility, and responsiveness of a small company with the experience of a large organization. With our clear focus on emerging technology growth in government, Vertosoft is uniquely positioned to reduce complexity and provide scalable, cloud-ready technology solutions that enable government agencies to deliver smarter, client-centric digital transformations.

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Spotlight

An intriguing look at the 2014 Federal Budget shows the dizzying amount of money that flows out of the US government coffers next year. This chart depicts the President’s budget request for 2014. The center circle is the size of the discretionary part of that budget, and the smaller circles represent the details of the spending. Unlike Social Security, Medicare, and Medicaid, which are mandatory spending, the discretionary budget reveals specific details about our national priorities. We have paced national security-related funding primary on the left side of the chart; the right side represents other expenditures. For reference, the entire federal budget, both mandatory and discretionary, is depicted in the inset in the bottom-right corner.

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