Oil jumps on first U.S. drawdown since March; Brent up 4 percent

May 11, 2016

Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the U.S. government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.

Spotlight

Cybersecurity is still a major concern across the federal government, according to the findings. More than half of the 200-plus government employees polled said cybersecurity was “high priority” among their agency’s current IT initiatives. And employees are looking to the National Institute of Standards and Technology for guidelines on continuous monitoring and securing mobile platforms and cloud software. More than two-thirds of respondents said continuous monitoring would have the most influence on cybersecurity moving forward, but only 38 percent felt their agency had a process in place to address continuous monitoring. Moving forward, the largest barrier to better cybersecurity that government employees identified is personnel and training issues. Still, nearly half of those surveyed were confident in their agencies security posture.


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EMERGING TECHNOLOGY

Ventech Solutions Achieves AWS Government Competency Status

Ventech Solutions | September 02, 2022

Ventech Solutions, Inc. achieved Amazon Web Services (AWS) Government Competency status. The designation recognizes Ventech Solutions provides solutions to—and/or has deep experience working with—government customers to deliver mission-critical workloads and applications on AWS. "The AWS Government Competency is a valuable achievement that demonstrates Ventech Solutions' experience in providing innovative and quality solutions to federal agencies, This designation is a differentiator that assures agencies that Ventech Solutions is capable of helping them meet mandates, reduce costs, drive efficiencies and increase innovation across civilian agencies, national defense and intelligence communities and state and local governments." -Audie Murphy, vice president, solutions engineering at Ventech Solutions. As one of about 100 companies in the United States that have obtained the AWS Government Competency, Ventech Solutions is positioned as a trusted solutions provider of cloud IT services for government and public sector agencies. To receive the designation, AWS Partner Network (APN) members must possess deep AWS expertise and deliver solutions seamlessly on AWS. AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise. Achieving the AWS Government Competency differentiates Ventech Solutions as an AWS Partner Network (APN) member that has developed innovative technology and solutions that leverage AWS services as well as possessing deep domain expertise in one or more of the following core categories - Government Transportation, Facilities, Infrastructure Management, Justice and Public Safety, Public Healthcare, Financial and Fiscal Affairs, Citizen Services, National Security and Defense, Security and Compliance, and Open Data. About Ventech Solutions: Ventech Solutions is a technology and health care solutions provider that leverages emerging technologies to deliver a wide range of enterprise services, including cloud modernization, infrastructure, data, security and service integration support. Ventech Solutions leads and manages some of the most critical technology transformation initiatives for the public sector that empower government agencies to achieve their missions.

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EMERGING TECHNOLOGY,GOVERNMENT FINANCE

DARPA Launches Crypto Project with Inca Digital

Inca Digital | September 26, 2022

The Defense Advanced Research Projects Agency (DARPA) has awarded Inca Digital's government contracting division, Inca Digital Federal, a Phase II Small Business Innovation Research (SBIR) contract to research advanced methods for analyzing activity related to financial applications of distributed ledgers in a project called: "Mapping the Impact of Digital Financial Assets". The aim of the SBIR is to understand and visualize how digital assets implicate national security. "Digital asset markets hold amazing promise, but also contend with money laundering, market manipulation, and state actors that may pose risks to U.S. national security, Given the increasing prevalence of digital assets, the Department of Defense and other federal agencies need to have better tools to understand how digital assets operate and how to leverage their jurisdictional authority over digital asset markets globally." -Adam Zarazinski, CEO of Inca Digital. As a result of this SBIR, Inca Digital Federal will develop a first-of-its-kind cryptocurrency ecosystem mapping tool for analyzing cross-market crypto-financial data and risk. The data analytics from Inca Digital will allow both the United States government and commercial companies to: Perform cross-market, crypto-financial mapping and analysis Understand relationships between digital asset firms and non-digital asset entities Identify how cryptocurrency may affect traditional financial systems and vice-versa Provide insight into the use of blockchain-based technologies linked to money laundering, terrorist financing, and sanctions evasions across systems (e.g., fiat-to-exchange, exchange-to-blockchain, and cross-blockchain transactions) Better understand money flows in and out of blockchain systems Identify where recipients of cryptocurrency can exchange it for local fiat currency, or goods and services, globally Understand how cryptocurrencies are used in different U.S. government/Department of Defense areas of responsibility This research is being developed by funding from the Defense Advanced Research Projects Agency (DARPA). The views, opinions and/or findings expressed are those of the author and should not be interpreted as representing the official views or policies of the Department of Defense or the U.S. Government. About Inca Digital: Inca Digital and its government contracting entity, Inca Digital Federal, analyze data across crypto markets, blockchains, and news and social media to deliver comprehensive intelligence to the financial institutions, technology firms and government entities that are shaping the digital asset space.

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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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EMERGING TECHNOLOGY

Growing Adoption of StateRAMP Across All State, Local Government & Education Sectors StateRAMP Momentum Continues

StateRAMP | September 21, 2022

StateRAMP announces its growing list of governments working with StateRAMP to validate their third-party suppliers' cyber security posture who use or offer cloud products to deliver services. The growing list of participating governments comes on the heels of the National Association of State Procurement Officials (NASPO) recent announcement naming StateRAMP a Strategic Partner. Working together, StateRAMP and NASPO will work to develop educational content and resources for state government. "With responsibilities for critical infrastructure, vital services, and mass storage of confidential and privacy data, government, at all levels, is a prime target for cybercrime, We are thrilled to see all levels of State and Local Government engaging in StateRAMP to improve our collective cyber posture for the citizens we serve." -J.R. Sloan, President of the StateRAMP Board and Chief Information Officer for the State of Arizona. Procuring technology tools and services is complicated work, and many organizations have sought to make that process easier for the public sector. By focusing on cybersecurity risk management, StateRAMP addresses a key pain point for state and local public agencies—and the vendors and suppliers that serve them. With a grounding in the reality of state and local government operations—and by building on widely adopted best practices—StateRAMP is exactly the sort of smart innovation that the public sector needs and deserves, said Doug Levin, National Director, K12 Security Information eXchange (K12 SIX). "We are excited to work with our strategic partners and members to continue toward our mission of promoting best practices in government for managing supplier cloud security, When there is a common problem, there is an opportunity for a shared solution. In cloud security, the shared solution is StateRAMP for all levels of government and the vendors who serve them." -Leah McGrath, Executive Director, StateRAMP. About StateRAMP: StateRAMP is a nonprofit organization that launched in early 2021 and brings state and local governments together with the suppliers who serve them to recognize best practices in cloud security and provides a standardized approach to cloud cybersecurity verification. StateRAMP provides state and local governments assurance that the suppliers they are working with meet the minimum cybersecurity standards through independent audits and ongoing continuous monitoring. StateRAMP is designed as a shared service for government and a streamlined service for suppliers who can verify their products one time and reuse that certification with each government agency they serve. StateRAMP maintains an Authorized Product List (APL) which lists products that have achieved a security status and those products going through the process. About K12 Security Information eXchange (K12 SIX): The K12 Security Information eXchange (K12 SIX) offers cybersecurity resilience to keep students learning and school districts operating.

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Spotlight

Cybersecurity is still a major concern across the federal government, according to the findings. More than half of the 200-plus government employees polled said cybersecurity was “high priority” among their agency’s current IT initiatives. And employees are looking to the National Institute of Standards and Technology for guidelines on continuous monitoring and securing mobile platforms and cloud software. More than two-thirds of respondents said continuous monitoring would have the most influence on cybersecurity moving forward, but only 38 percent felt their agency had a process in place to address continuous monitoring. Moving forward, the largest barrier to better cybersecurity that government employees identified is personnel and training issues. Still, nearly half of those surveyed were confident in their agencies security posture.

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