Government Finance
PRnewswire | August 14, 2023
Steady, whose fintech platform helps more than 6 million workers nationwide to track and boost their income, today announced the launch of Steady Impact. As the social impact arm of the popular app, Steady Impact is already the leading administrator and data provider for cash assistance programs across the country, having distributed $115 million to more than 700,000 individuals through partnerships with city governments and community-based organizations.
"When we set out to launch our cash assistance program for San Diegans impacted by the pandemic, we knew that success would depend on a partner who not only had the technological capacity to deliver support to families in need, but also shared our mission of uplifting the community," said Khea Pollard, Director of Economic Mobility and Opportunity for Jewish Family Service of San Diego. "It's been clear from the beginning that Steady Impact believes deeply in that mission. Their unparalleled understanding of what it takes to build, maintain, and measure an effective cash assistance initiative is helping thousands of families across the region recover stronger."
Steady Impact has helped to develop and administer cash assistance programs in cities from Atlanta to Santa Fe to Baltimore, as well as innovative initiatives launched by community organizations and nonprofits like the Black Music Action Coalition's OnRamp. The company's technology is also used to help program leaders measure the impact of cash assistance on recipients' financial health, and Steady Impact works in partnership with the country's foremost coalitions and research organizations focused on the topic, including Mayors for a Guaranteed Income and the University of Pennsylvania's Center for Guaranteed Income Research.
"A growing body of research suggests that cash assistance can be one of the most effective drivers of financial stability and economic mobility," said Adam Roseman, Co-Founder and President of Steady. "The launch of Steady Impact is not just recognition of work we've been doing for a long time. It's also a renewal of our commitment to leveraging technology to scale what works in the fight against endemic wealth and opportunity gaps."
Co-founded by Shaquille O'Neal, Steady launched in 2017 with the goal of harnessing the potential of emerging technology to alleviate poverty. The company now works with several state governments to streamline the administration of unemployment insurance, SNAP, Medicaid, and other safety net benefits for non-standard workers, who now make up an estimated one-third of the U.S. labor force.
"Steady's mission of making more people financially healthy is incredibly personal to me," said Shaquille O'Neal. "This is the next step in the company's efforts to make sure that everyone has the financial resources to support themselves and their families."
About Steady
At Steady ,we make data work for the non-standard workforce (1099, gig, and contingent workers). We partner with governments and financial institutions to help their systems work better for the workers we serve. Our flagship 1099 verification of income solution, Income Passport, is promoting access, equity and program integrity across the US. By extracting insights from data on more than 1.5 billion enriched financial transactions and over 151 billion enriched deposits, we help streamline benefits administration, quantify earnings, expand access to credit, reduce fraud, and improve outcomes.
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Cybersecurity
GlobeNewswire | August 31, 2023
Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, Forescout Technologies, Inc., a global cybersecurity leader, and stackArmor, an advanced security and compliance solutions provider with a proven track record of delivering FedRAMP, DoD CC SRG, CMMC 2.0 and StateRAMP compliance acceleration, today announced a partnership with Google Public Sector to accelerate the availability of Forescout cybersecurity solutions to state, federal, and department of defense agencies.
As part of an ATO pilot program, specialist solution providers like stackArmor combine with Carahsoft’s proven public sector market services, to provide ISVs like Forescout with a holistic “accreditation to acquisition” solution.
"Google Public Sector is committed to working with partners like stackArmor and Carahsoft to accelerate the availability of Forescout cybersecurity solutions to state, federal, and Department of Defense agencies,” said Troy Bertram, Managing Director of Partners, Google Public Sector. “This pilot brings together partners with deep expertise and local knowledge to help ISVs accelerate the path to compliance and rapidly bring innovative technology to government agencies.”
The Forescout® Cloud, built on Google Cloud, is a unified SaaS platform for security visibility, risk, and operational management. It continuously discovers and analyzes all connected cyber assets, whether they are managed or unmanaged for IT, OT/ICS, IoMT, IoT and cloud, and is a foundation for Forescout solutions that address challenges related to risk and exposure management, and threat detection and response.
“We are delighted to be a partner of this ATO pilot program, which provides us with an accelerated pathway towards FedRAMP compliance and uniquely brings together engineering, compliance advisory and continuous monitoring services as well as market access solutions,” said Paul Kao, VP Product & Engineering, Forescout. “We selected stackArmor after a rigorous evaluation process and were impressed with their engineering expertise and ability to help us remove delays and friction from our aggressive accreditation roadmap.”
stackArmor rapidly delivers a dedicated Google Cloud Landing Zone with NIST-compliant security services, a complete FedRAMP ATO documentation package and post-ATO continuous monitoring. To ensure the confidentiality, integrity and availability of sensitive data, ThreatAlert® provides a standardized secure by design architecture that is deployed “in-boundary” to ensure the highest levels of security and the ability to meet stringent government cybersecurity requirements including FedRAMP Moderate, FedRAMP High, DOD Impact Level 4 and 5 among others.
“Reducing the time and cost of implementing NIST SP 800-53 based cybersecurity controls to achieve an ATO in compliance with FedRAMP, FISMA/RMF, DoD CC SRG and CMMC 2.0 requirements is a strategic necessity for commercial ISVs, critical infrastructure enterprises and public sector organizations, especially given the sharp rise in cybersecurity threats,” said Gaurav “GP” Pal, CEO and founder, stackArmor. “We are excited to expand our partnership with Carahsoft to bring our ThreatAlert® ATO Accelerator, which provides a secure by design cloud landing zone, defense in depth security services, OSCAL ready documentation package and continuous compliance automation to ISVs like Forescout, to accelerate the delivery of FedRAMP accredited cybersecurity services to government agencies.”
"Interest in FedRAMP-accredited cloud services has accelerated since the passage of the FedRAMP Authorization Act in December of last year, which opens new opportunities for expanding the portfolio of available accredited SaaS and PaaS offerings in the federal marketplace," said Craig P. Abod, Carahsoft President. "stackArmor’s ThreatAlert® ATO Accelerator combined with Carahsoft’s unique market access solutions provide a compelling accreditation-to-acquisition solution."
About Carahsoft
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com.
About Forescout
Forescout Technologies, Inc. a global cybersecurity leader, continuously identifies, protects and helps ensure the compliance of all managed and unmanaged connected cyber assets – IT, IoT, IoMT and OT. For more than 20 years, Fortune 100 organizations and government agencies have trusted Forescout to provide vendor-agnostic, automated cybersecurity at scale. The Forescout® Platform delivers comprehensive capabilities for network security, risk and exposure management, and extended detection and response. With seamless context sharing and workflow orchestration via ecosystem partners, it enables customers to more effectively manage cyber risk and mitigate threats. www.forescout.com
About stackArmor
stackArmor provides cloud migration, security and compliance engineering services for compliance-driven markets, including Public Sector, Government Agencies, Healthcare, Education, Space & Defense, Financial Services, and Non-profit organizations. stackArmor’s ThreatAlert® ATO Accelerator provides a unique “in-boundary” solution that helps organizations rapidly achieve FedRAMP, FISMA/RMF, DOD CC SRG and CMMC 2.0 among other government-driven cybersecurity compliance frameworks. Learn more by visiting https://stackArmor.com
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Emerging Technology
PR Newswire | August 24, 2023
Umbra, a leader in advanced space radar technology, announced it has been selected by AFWERX for a SBIR Phase II contract in the amount of $1.25 million focused on Space-Based Moving Target Indication (MTI) to address the most pressing challenges in the Department of the Air Force (DAF). Umbra will leverage its market leading wide-bandwidth, affordable space systems, uniquely operating in paired flight, to develop and demonstrate Maritime and Ground MTI (MMTI and GMTI) capabilities. The Air Force Research Laboratory (AFRL) and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and as of August 9, 2023, Umbra accelerated its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.
"With the end of the JSTARS program, Umbra understands the national imperative to develop a multi-domain replacement capability with a strong space-based element," said Jason Mallare, Vice President of Government Programs and Strategy. "Commercial space systems which can be developed and rapidly deployed offer a differentiated and robust method to contribute to this critical mission need. Umbra is committed to partnering with AFWERX, the broader DAF, as well as other DoD and IC stakeholders. We intend to bring the best Umbra has to offer, including affordable spacecraft and ground infrastructure, and market leading SAR technology."
The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.
About Umbra
Umbra is a technology company that offers intelligence data as a service to commercial and government customers. Our cutting-edge products help customers solve complex business and security challenges. Umbra is a U.S.-owned and operated company headquartered in Santa Barbara, California, and has a presence in Austin, Texas, and Washington, D.C. For more information, visit https://umbra.space.
About Air Force Research Laboratory (AFRL)
Sole organization leading the planning and execution of U.S. Air Force & U.S. Space Force science & technology programs. Orchestrates a world-wide government, industry & academia coalition in the discovery, development & delivery of a wide range of revolutionary technology. Provides leading-edge warfighting capabilities keeping air, space and cyberspace forces the world's best. Employs 10,800 military, civilian and contractor personnel at 17 research sites executing an annual $4B budget. For more information, visit: www.afresearchlab.com.
About AFWERX
The innovation arm of the DAF and a directorate within the Air Force Research Laboratory brings cutting edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. Employs approximately 325 military, civilian and contractor personnel at six hubs and sites executing an annual $1.4B budget. Since 2019, has executed 4,671 contracts worth more than $2B to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com.
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Emerging Technology, Cybersecurity
PR Newswire | July 24, 2023
IMB Partners ("IMB"), a leading middle market private equity firm specializing in utility, industrial, and government contracting services ("GovCon"), today announced its strategic investment in eTelligent Group ("eTel"), a premier provider of emerging technologies and program management solutions to the U.S. Government.
Founded in 2005, eTel has been leading the enterprise-wide transformation of critical business systems by managing the implementation and engineering of emerging technologies. Today, the company delivers digital transformation services primarily to the Internal Revenue Service ("IRS"), utilizing capabilities that include agile software development, DevSecOps, IT Program Management Office (PMO), cybersecurity, web services, and big data. eTel has become a principal thought leader and solutions evangelist to the IRS, now positioned as the second-most active prime contractor on the IRS IT-EPMSS BPA contract vehicle.
"We are excited to hit the ground running with the highly-skilled and experienced team of professionals at eTel," says Norman Yu, Director at IMB Partners. "The eTel team has laid some very impressive groundwork, and IMB sees a great opportunity to grow, diversify, and strengthen the business both inside and outside of the IRS. eTel is the partner we have been looking for, and we are ready to roll up our sleeves with eTel and further our commitment to serving the GovCon sector."
With IMB's investment, eTel will be able to dedicate additional resources to professionally scale the overall organizational infrastructure and capabilities to undertake larger contracts. Additionally, this partnership will propel eTel to explore potential acquisitions to help diversify the customer base and build upon existing capabilities to best serve the U.S. Government.
"Over the past 18 years, we have built a high performing team of industry leading professionals that are committed to our core company values of serving with excellence," says Ritesh Bansal, Managing Partner of eTel.
"The proof is in our customer feedback: we're nimble, more efficient, and more responsive in delivering exceptional service. And now, with this partnership with IMB, we will have the means to extend the same exceptional service to more customers across new categories and invest significantly in building our strategic and operational framework," says Rohit Aggarwal, Managing Partner of eTel.
About eTelligent Group
eTel provides a proven team of talented IT professionals that provide reliable solutions for business & information technology management and services. eTel delivers IT services, agile and DevOps development, big data services, IT program management, and cyber security services. Working as a trusted partner of the Federal Government, eTel holds itself to the highest industry standards, including CMMI Level 3 and PMBOK. Learn more at etelligent-group.com.
About IMB Partners
Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. Learn more at imbpartners.com or connect with us on LinkedIn.
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