EMERGING TECHNOLOGY,GOVERNMENT FINANCE
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.
EMERGING TECHNOLOGY,GOVERNMENT FINANCE
Kaloom | September 09, 2022
Kaloom™ today announced it secured an additional USD 21 million from the Quebec government and current investor, Alternative Capital Group (ACG), who matched the government of Quebec’s investment. This latest investment will support Kaloom's go-to-market strategy and extend its current heterogeneous hardware strategy by supporting additional platforms like SmartNICs and Servers. The latest cash infusion will also allow Kaloom to ramp up sales, and help its global service provider customers benefit from burgeoning Network transformation and 5G-Edge market opportunities.
ACG's participation in this latest financing round is a strong vote of confidence in Kaloom's ability to execute on its vision. In addition to financial support, ACG brings a wealth of experience and resources that are invaluable to Kaloom’s continued business growth.
"ACG is proud to support Kaloom’s continued business growth as the company realizes the vision it set out to achieve, Kaloom's innovative solutions help network providers overcome the major challenges of Network Transformation and 5G-Edge deployments. With Kaloom's help, network providers can deliver the high-speed, low-latency performance that users demand. We look forward to supporting Kaloom in this next growth phase."
-Nicolas Beauchamp, ACG.
This latest cash infusion strengthens Kaloom’s standing as an emerging leader providing fully programmable and automated cloud-native solutions that simplify management and save costs in complex distributed edge networks. Kaloom works with service providers around the globe and plans to expand in Japan, recently registering its business in the country.
"With this investment, we can harness our momentum and continue to serve our global customers while expanding into new markets, Our mission is to empower service providers and operators worldwide with automated and fully programmable distributed edge network solutions that transform underlying network infrastructure and reduce total cost of ownership. This investment is critical to achieving that mission globally and enabling 5G-Edge and private 5G monetization in our industry."
-Laurent Marchand, Kaloom Founder and CEO.
Kaloom is delivering a fully programmable and automated cloud-native edge center networking software solution that will disrupt how distributed cloud edge and data center networks are built, managed and operated by Telecom, Fixed and Mobile Operators, Data Center and Cloud Service Providers. Kaloom comprises technology veterans with proven track records of delivering large-scale networking, analytics, and AI-based solutions for the world's largest networks. Kaloom is based in the Quartier de l'innovation in Montréal, Quebec.
ALEUT | September 07, 2022
Aleut Information Technology, LLC (Aleut) was awarded a contract by the U.S. Air Force to provide maintenance, development, and support service for its existing Open Architecture Distributed Common Ground System (OA/DCGS) and Forward Processing Exploitation and Dissemination (FPED) platform – the United States' primary visual data aggregator for military intelligence.
"We want to help analysts provide better output to their agencies, We know how critical it is that information be processed and distributed efficiently and accurately. Aleut will continue to generate software updates at a quick cadence, adding capabilities that improve the functionality of the platform, and empower operators."
-Aleut Federal's Vice President of Technology Services, Geoff Vaughan.
FPED is a platform which takes a broad range of data including video, geospatial intelligence, photographs, and more, collected by aircraft in the field and exploits the data using subject matter experts located across the globe. Those experts then take the imagery and identify items of interest (e.g., weapons, vehicles, and troops). The annotated files are then disseminated to subsystems operated by external government agencies such as the Army, Navy and Marine Corps, who use it to generate intelligence reports on the status of the regions.
Under the newly awarded contract, Aleut will continue to support various sites within the FPED network to perform software and hardware updates and training, working with operators to learn what features and functionality options they'd like to see in future updates. Aleut uses human centered design principles to research requirements and make User Experience (UX) improvement recommendations for government approval.
This contract has a potential duration of three years – including one, one-year base period and two, one-year options. Aleut will partner with the incumbent, MetroStar. Aleut is proud to retain the original subcontractors and key members of the original project team, ensuring a seamless transition.
Formed in 2016, Aleut is a Small Business Administration certified 8(a) program participant, and Small Disadvantaged Business providing proven capabilities in the IT sector including, infrastructure and communications.
Aleut Information Technology, LLC is a wholly owned subsidiary of Aleut Federal, LLC, a holding company for federal subsidiaries of The Aleut Corporation (TAC). TAC was one of 13 original Alaska Native Corporations established under the Alaska Native Claims Settlement Act, passed by the U.S. Congress in 1971.
CGI Federal | September 01, 2022
As federal agencies modernize their systems to process intragovernmental Buy/Sell transactions, CGI Federal has upgraded nearly 20 federal government clients in the past year to the latest versions of its ERP solution Momentum®, providing customers the functionality needed to comply with the latest federal mandates. This upgrade allows federal agencies to fully interact with the new U.S. Treasury Government-Invoicing (G-Invoicing) platform with full serviceability for their mission-critical operations, including creating and storing interagency agreements, creating orders, tracking performance and transferring funds.
CGI Federal has worked closely with the U.S. Treasury Department since 2019 in the creation of the latest requirements and included this G-Invoicing functionality, along with operational updates to its Momentum customers across all supported releases. Momentum customers benefit from full automation of all G-Invoicing processes, including general terms and conditions integration, pull only and push/pull order integration models and full support of the related billing, collecting, payment, adjustment and accrual processes. The latest release also enhances the supporting Momentum functionality for reimbursable agreement management, including G-Invoicing components.
"Implementing mandatory G-Invoicing processes creates a daunting challenge for many federal agencies, As we move forward in supporting our clients with G-Invoicing implementations to keep up with the October 1 federally-mandated deadline, we continue to enhance Momentum's functionality to best support evolving business processes. CGI Federal's Momentum product team proactively monitors Treasury post-mandate enhancements so that our built-for-government ERP solution continues to keep pace with future Treasury changes."
-John B. Owens II, Senior Vice-President and Enterprise Solutions Group lead at CGI Federal.
About CGI Federal:
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 88,500 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2021 reported revenue of C$12.13 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).