US Government to Ban Contractors Using Chinese Companies Technology

Huawei | July 10, 2020

The Trump administration is set to finalize regulations this week that ban the United States government from working with contractors who use technology from five Chinese companies: Huawei, ZTE, Hikvision, Dahua and Hytera Communications, according to a Reuters report. The ban was first introduced as a provision in the 2019 National Defense Authorization Act that prevents government agencies from signing contracts with companies that use equipment, services and systems from Huawei, ZTE, Hytera, Hikvision and Dahua, or any of their subsidiaries and affiliates, citing national security concerns. Contractors were given until August 13, 2020 to comply, but immediately began voicing concerns over the ambiguity of the law.

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CYBERSECURITY

U.K. Cyber Firm Expands to North America Following Multi-Million Investment

Bridewell Consulting | March 24, 2022

U.K. cybersecurity services company, Bridewell Consulting, has announced its expansion into the $58 billion U.S. cybersecurity market following a multi-million investment from Growth Capital Partners last year. Specialists in securing organizations in complex and highly regulated sectors such as critical national infrastructure and finance, the company seeks to help U.S. organizations reduce risk and build cyber resilience amid rising cyber threats. With an office strategically located in Houston’s Energy Corridor in Texas, the move enables Bridewell to better serve the needs of its existing client base in the U.S., many of whom the company already serves from the U.K. It will also enable Bridewell to secure new clients in the region and provide a springboard for further growth across North America, in a marked effort to become a globally recognized cybersecurity services firm. The move comes at a significant time for critical national infrastructure security in the U.S., with growing concerns over ransomware attacks on banks and hospitals and mounting pressure to improve cybersecurity from government. Just this week, President Biden issued an urgent warning to American business leaders, telling them to strengthen their cyber defenses immediately while the Computer-Security Incident Notification Final Rule is set to come into effect on April 1, 2022. Under the new rule, U.S banks must report any “significant” cybersecurity incident within 36 hours of discovery. We’re at a crucial stage when it comes to critical national infrastructure security. Threats from nation states are rising and innovative methods of cyberattacks are significantly outpacing regulation, policy and strategies. Bridewell’s success in delivering flagship security transformation projects in the U.K., combined with our industry-leading expertise in both IT and OT security and our Microsoft Gold Partner status, means that we are uniquely placed to help North American organizations develop robust and resilient cybersecurity solutions at this critical time.” Scott Nicholson, Bridewell Co-CEO According to recently released U.K. government data, the U.K. cybersecurity sector attracted record investments in 2021, with over £1 billion raised – a rise of 14% compared to the previous period. Bridewell itself experienced a record year of growth with a 156% increase in headcount and 50% growth in revenue, driven by a combination of factors including increased demand for Managed Detection and Response (MDR), the shift in working models and increased appetite for cybersecurity transformation. Anthony Young, Co-CEO of Bridewell, adds: “The U.S. has always been a key growth market for us, both in terms of our existing client base and the broader market opportunity. We’ve had a phenomenal couple of years in the U.K., but our plan has always been to expand where there is a great need, with the evolving U.S. market ripe for managed security services.” Established in 2013, Bridewell is one of the fastest growing privately-owned U.K. cybersecurity companies, with 75% year-on-year revenue growth since FY18. Headquartered in Reading, Berkshire, the company serves sectors including CNI, aviation, financial services, government and oil and gas, with its 24/7 Security Operations Centre protecting some of the most critical national infrastructure in the U.K. In 2021, the company delivered a number of security transformation projects, including revolutionizing the Security Operations Centre for Manchester Airport Group and an independent information assurance review for the 2021 Census. Bridewell was also named Cyber Business of the Year in the U.K. National Cyber Awards 2021. About Bridewell Consulting Bridewell Consulting is a cybersecurity services company providing global, 24/7 managed detection and response services and cybersecurity consultancy. With extensive experience in delivering large-scale transformational projects in highly regulated environments, Bridewell enables organizations to drive strategic change securely, providing a full breadth of end-to-end cybersecurity services. Its expert team comprises of a diverse range of highly skilled consultants, supported by industry leading technology, deep technical expertise, accredited methodologies and a client-centric business-driven approach. Bridewell delivers a vast number of services across critical national infrastructure, aviation, financial services, government and oil and gas. The company holds a number of industry accreditations including NCSC, CREST, ASSURE, IASME Consortium, Cyber Essentials Plus, ISO27001, ISO9001 and are a PCI DSS QSA Company.

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GOVERNMENT FINANCE

Qmulos Announces Strategic Growth Investment from PSG

Qmulos | May 23, 2022

Qmulos, a pioneering cybersecurity software and professional services firm driving the Converged Continuous Compliance revolution in enterprise security, compliance and risk management automation, today announced a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. Financial terms were not disclosed. In today’s cybersecurity environment, agencies and enterprises are facing countless security threats amidst a growing array of regulatory requirements. Qmulos leverages full-cycle, data-centric compliance automation to assist public-sector agencies, government contractors and commercial enterprises to enable initiatives to transform inefficient and ineffective legacy processes into modern, streamlined risk management programs capable of dealing with the complex and evolving global cyber risk challenges. Leveraging diverse sources of enterprise security and compliance data through its partnership with Splunk, a leading big data security analytics platform, Qmulos supports evidence-based risk management decisions by providing real-time insights on overall enterprise risk posture. The Qmulos platform enables customers to continuously monitor security controls to meet compliance requirements across a wide spectrum of regulatory frameworks, including but not limited to: NIST CSF (National Institute of Standards and Technology Cyber Security Framework) and NIST SP 800-53 CMMC (Cybersecurity Maturity Model Certification) HIPAA (Health Insurance Portability and Accountability Act) SOX (Sarbanes-Oxley Act) ICS 500-27 (Intelligence Community Standard for Enterprise Audit) In the federal ecosystem, the Qmulos automated compliance technology has proven to be valuable for both government agencies and their partners in ensuring adherence to critical security compliance regulations, most notably NIST and CMMC. In the private sector, a growing list of enterprises are relying on the Qmulos platform to drive timely and accurate risk visibility while reducing time-to-compliance lag and increasing their competitive advantage through accelerated third-party risk accreditation. We’re proud to offer a solution to improve operational security while simplifying time-consuming and costly IT compliance tasks. We look forward to partnering with PSG as we aim to serve more organizations with a commitment to continuing the evolution of our platform to meet our customers’ dynamic needs.” Matt Coose, Founder and CEO of Qmulos “Today’s challenging risk landscape and regulatory environment underscores the clear need for innovation in security and compliance. We believe that Qmulos’ ability to monitor controls in an automated and continuous manner ultimately creates a more secure environment while creating significant operational efficiencies for its customers,” said Rick Essex, Managing Director at PSG. “We’re thrilled to partner with Matt and the rest of Qmulos’ talented team as they continue to address the significant opportunity to shape the future of risk management.” “From our point of view, companies and institutions must begin the transition away from traditional, manually intensive and often error-prone compliance programs,” commented Bill Ballhaus, Senior Advisor1 to PSG. “We believe Qmulos’ technology provides a predictive, data-forward solution to aid this transition, and we’re excited to work with the team to bring this solution suite to a broader range of security professionals.” AGC Partners served as financial advisor to Qmulos, and Foley and Lardner LLP served as legal advisor to the company, with additional support from Badger CPA and Aronson LLC. Latham & Watkins served as legal advisor to PSG and Ernst & Young served as the firm’s financial advisor. About Qmulos Qmulos is a pioneering integrated compliance, security and risk management automation provider delivering the innovative power of Converged Continuous Compliance through its flagship Q-Compliance and Q-Audit technology platforms. Qmulos enables organizations to achieve high compliance confidence while delivering a powerful and engaging compliance experience across all functions and phases of the enterprise compliance lifecycle. Founded in 2012, Qmulos works with public and private sector enterprises to empower and accelerate their strategic transformation towards automated continuous monitoring and real-time risk visibility across nearly all systems, all Splunk-compatible data sources, and current and emerging cybersecurity and professional services compliance requirements. About PSG PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 100 companies and facilitated over 400 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv.

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GOVERNMENT BUSINESS

Government Blockchain Association Appoints Earle G. Hall to its Board of Directors

Government Blockchain Association | March 17, 2022

The Government Blockchain Association (GBA) is pleased to announce the nomination of Earle G. Hall to its Board of Directors. He will also serve on the Standards and Certification Workgroup. We are excited to welcome Earle to the Board of Directors. Earle has deep knowledge and insight into the blockchain world of today and tomorrow, and we are excited to benefit from his leadership and expertise. His relentless passion to make our world safer and more ethical makes him a perfect fit for vision and mission." Gerard Dache, GBA's Executive Director "GBA is the global leader in the education and promotion of government blockchain adoption, and its mission is very dear to my heart," stated Earle G. Hall. "The accomplishments of GBA in such a short time are simply extraordinary, as governments everywhere are now studying how to adopt of blockchain because of the GBA leadership's tireless hard work. I am grateful to be part of this movement to make our World a safer place." Earle G. Hall is recognized as visionary and innovator in several fields of technology and neuroscience. He is the CEO of AXES.ai, a fintech present in more than 40 countries dedicated to the eradication of money laundering, addictive gambling and illicit activities through real-time blockchain-based data collection, artificial intelligence, and cashless technology. Earle is a graduate of the Royal Military College of Canada and a Veteran Army Officer. He holds a master's degree in Public Administration and has undertaken doctoral studies in Organizational Psychology. About GBA The Government Blockchain Association (GBA) the World's largest international nonprofit professional association dedicated to the adoption of blockchain technology. GBA's mission is to foster discussion between its members to solve societal problems typically faced by government entities with blockchain to increase the quality of life for all citizens on a global level. GBA has chapters in 120 cities, states, and countries around the world and more than 50 professional Working Groups that serve as catalysts to devise creative, profitable, and positive leveraging of blockchain solutions.

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GOVERNMENT BUSINESS

GovernmentCIO Announces Corporate Rebrand to GovCIO

GovCIO | January 20, 2022

GovernmentCIO, a leading provider of high-end technology and digital services to federal agencies, announced Thursday it is rebranding the company as GovCIO. The move reflects the company's accelerated growth, expansion into new agencies, and increased service offerings. The rebrand underscores how GovCIO is modernizing its approach and practices to better reflect its new goals and momentum while still retaining its core mission and values. GovCIO has updated its logo and will launch a website redesign in March as part of the rebrand rollout this year. This evolution of the brand follows last year's acquisition of Salient CRGT (SCRGT), a leading provider of data analytics, cloud, agile development, cybersecurity, and infrastructure solutions to national security, health, and civilian agencies. The combined company now has more than 2,600 employees and an annual revenue exceeding $700 million. "We've expanded both our footprint across the defense, health and civilian spaces, and the breadth of capabilities we can offer customers. The new name represents both where the company has been as well as where the company is going," said GovCIO CEO Jim Brabston. The integrated GovCIO better positions the company across the government marketplace. Company leaders evaluated what GovCIO was at the start, what it is today, and where it wants to go in the future. Through this process, they have made sure to stay true to GovCIO's roots and core founding mission of transforming government IT. GovCIO will continue to use IT to transform how government serves citizens while supporting each agency's unique mission. Employees will create solutions that optimize how its customers operate so they can focus on what really matters — their customers. Visit www.govcio.com to explore the new brand and capabilities. About GovCIO: GovCIO is a rapidly growing provider of advanced technology solutions and digital services to the federal government. In the 11 years since its founding, GovCIO has become a leading prime contractor supporting the mission of federal agencies, including the Departments of Defense, Health and Human Services, Homeland Security, Justice, Veterans Affairs, the Pension Benefit Guaranty Corporation, United States Patent and Trademark Office, Government Accountability Office, and the Internal Revenue Service. GovCIO's core capabilities are in cybersecurity, digital services, data analytics, digitization, DevSecOps, and IT modernization.

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