U.S. job growth likely slowed; minimal hit seen from government shutdown

Reuters | February 01, 2019

U.S. job growth likely slowed in January after December’s weather-related outsized surge, but the pace of hiring probably remains fast enough to support the economy amid a darkening outlook resulting from government policy and cooling global economies. The Labor Department will publish its closely watched monthly employment report on Friday, two days after the Federal Reserve signaled its three-year interest rate hike campaign might be ending because of rising headwinds to the economy. It also comes at the end of the first week back at work for hundreds of thousands of federal workers furloughed during the recent partial government shutdown. The 35-day shutdown, which ended a week ago, may complicate the report but is not expected to have a lasting effect on U.S. employment or the economy.

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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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EMERGING TECHNOLOGY,CYBERSECURITY

German Firms Tighten Cybersecurity Against New Threats

ISG | September 12, 2022

Overlapping crises and technology trends have heightened cybersecurity concerns in Germany, leading enterprises to increase their investments in security products and services, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for Germany finds that cyber threats caused by the war in Ukraine, along with disruptions from the COVID-19 pandemic and increasing digitization of enterprises, have expanded attack surfaces and resulted in more cybersecurity breaches in Germany. As companies bring more data, communications and processes into the digital realm, cybersecurity is becoming a higher priority. “Holistic enterprise security is more than just a current trend, it’s vital to the successful operation of a business, German senior executives understand that cyberattacks can seriously threaten a company’s reputation and finances, so they are paying even greater attention to secure collaboration with third parties, secure core business processes and secure connected and digital products.” -Roger Albrecht, co-lead, ISG Cybersecurity. German companies and government agencies are defending themselves against increasingly sophisticated cyberattacks amid a shortage of IT professionals, especially in cybersecurity, the report says. As risks increase in Germany for both large and midsize enterprises, there is a growing need for guidance. Many organizations are engaging with strategic, technical and managed security service providers for help implementing and constantly honing their defenses. Also, because many attackers breach organizations through social engineering methods such as phishing, companies also turn to providers for consulting and employee training to prevent human errors. Because of strict data protection regulations, most German enterprises rely on providers with security operations centers in Germany. Remote and hybrid work, which emerged suddenly during the pandemic and is expected to become permanent, has made IT systems more vulnerable to attack as employees connect to enterprises from different locations and through their own devices. To manage this risk, German enterprises are investing in advanced identity and access management (IAM) capabilities, especially cloud-managed systems that can function across multiple cloud installations. “German companies need to manage more users, devices and digital services than ever, In many cases, service providers are taking on these roles.” -Jan Erik Aase, partner and global leader, ISG Provider Lens Research. The report explores a wide range of cybersecurity trends in Germany, including increasing use of zero-trust approaches, the growth of the midsize market and the evolution of endpoint protection from traditional antivirus solutions to AI-based behavioral analysis. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for Germany evaluates the capabilities of 97 providers across six quadrants: Identity and Access Management (IAM), Data Leakage/Loss Prevention (DLP) and Data Security, Advanced Endpoint Threat Detection and Response (Advanced ETPDR), Technical Security Services (TSS), Strategic Security Services (SSS) and Managed Security Services. The report names IBM as a Leader in five quadrants and Atos as a Leader in four quadrants. It names Accenture, Axians, Capgemini, Deutsche Telekom and Microsoft as Leaders in three quadrants each. Bechtle, Broadcom, CANCOM, Computacenter, Controlware and Trend Micro are named as Leaders in two quadrants each. CrowdStrike, Deloitte, DriveLock, DXC Technology, Forcepoint, GBS, HCL, HelpSystems, Infosys, KPMG, Matrix42, Okta, Orange Cyberdefense, Ping Identity, PwC, RSA, SentinelOne, Sophos, TCS, Trellix, VMware Carbon Black and Wipro are named as Leaders in one quadrant each. About ISG Provider Lens™ Research: The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG: ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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EMERGING TECHNOLOGY,GOVERNMENT FINANCE

Kaloom Secures $21M in Funding to Accelerate Network Transformation and 5G-Edge Deployments

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. About Kaloom: 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.

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EMERGING TECHNOLOGY,CYBERSECURITY

U.S. Government Agencies’ IT Networks May Be Unprepared for Return to Office

Riverbed | August 24, 2022

More than half the federal government IT employees responding to a recent survey say they are worried their IT systems will struggle to deliver good user experiences as more agency employees return to working in offices instead of remotely, according to a new survey released today by Riverbed® and Swish. Among survey respondents who are concerned with end-user experience in a hybrid work environment, 52% of those are concerned that their legacy IT architectures and on-premises network infrastructure will struggle with the increased usage of collaboration tools such as Teams and Zoom as workers return to the office, and 44% are concerned that the end user experience on-site won’t be as good as at home. These concerns arise as the concept of “government from anywhere,” whether in an on-site or hybrid capacity, is becoming widely accepted. Of those surveyed, 47% expect hybrid work environments (teleworking 2-4 days a week) to continue for the long-term, while only 30% expect that a majority of employees will return to the office fulltime in the next six months. The survey of IT employees across the U.S. federal government, from both civilian and defense agencies, was conducted by research firm Market Connections. Survey respondents also reported that they rely on reactive, manual methods to quantify problems with user, infrastructure, and application experiences. While 100 percent of respondents agree that it is at least somewhat important to measure end user experience and productivity capability, 87% claim their agency is still reactively responding to help desk tickets and 51% rely upon user phone calls as a primary means of quantifying issues. “These survey findings point to the importance of utilizing proactive monitoring tools that provide complete network visibility to improve the user experience and network performance across an agency’s entire IT environment, As agencies balance their various work environments and collaboration tools, they should seek to implement an observability platform that multiple teams can use to proactively identify and contextually analyze user issues and leverage automation to solve them quickly.” -Craig McCullough, Senior Vice President of Public Sector for Riverbed. According to the survey, most agencies surveyed (59%) aren’t effectively measuring the impact of change in their IT environment, and are not examining business transaction productivity in terms of labor cost, latency impact, or rate of success. Issues of user experience and productivity and IT network performance can be successfully addressed by utilizing a single-platform, proactive, monitoring tool that provides end-to-end network visibility. With full visibility, IT and agency leaders can quickly identify, mitigate and resolve issues across a variety of endpoints through one integrated system. “This is significant because without a single performance platform, agencies don’t have consolidated incident-centric end-to-end context, root cause analysis, or automated response, Unified observability should be at the forefront of agency thinking and we and our partners, like Riverbed, are working to support this mentality shift which will ultimately benefit the government for years to come.” -Monty Deel, Chief Executive Officer for Swish. About Swish: Swish is a provider of technology solutions and engineering services to the U.S. Federal Government with a focus on high-quality outcomes for customers. Experienced and certified engineers research and evaluate the most innovative technologies on the market and then develop full life cycle solution offerings to ensure that customers realize maximum operational value. Since 2006, Swish has delivered high-performance solutions and services to the Federal Government market ensuring that customer’s digital service capabilities, performance and security exceed expectations and requirements. Swish is a Service-Disabled, Veteran-Owned and HUBZone certified Small Business. About Riverbed: Riverbed is the only company with the collective richness of telemetry from network to app to end user, that illuminates and then accelerates every interaction, so organizations can deliver a seamless digital experience and drive enterprise performance. Riverbed offers two industry-leading portfolios: Alluvio by Riverbed, a differentiated Unified Observability portfolio that unifies data, insights, and actions across IT, so customers can deliver seamless, secure digital experiences; and Riverbed Acceleration, providing fast, agile, secure acceleration of any app, over any network, to users anywhere. Together with our thousands of partners, and market-leading customers globally – including 95% of the FORTUNE 100 –, we empower every click, every digital experience.

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