White House reportedly aims to double AI research budget to $2B

White House | February 08, 2020

The White House is pushing to dedicate an additional billion dollars to fund artificial intelligence research, effectively doubling the budget for that purpose outside of Defense Department spending, Reuters reported today, citing people briefed on the plan. Investment in quantum computing would also receive a major boost. The 2021 budget proposal would reportedly increase AI R&D funding to nearly $2 billion, and quantum to about $860 million, over the next two years. The U.S. is engaged in what some describe as a “race” with China in the field of AI, though unlike most races this one has no real finish line. Instead, any serious lead means opportunities in business and military applications that may grow to become the next globe-spanning monopoly, a la Google or Facebook — which themselves, as quasi-sovereign powers, invest heavily in the field for their own purposes.

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FedRAMP was created so that the US government can use the cloud while still protecting systems and data. FedRAMP helps provide clarity for both government agencies and cloud providers so that each knows what is required for cloud use. If you’re a cloud service provider or a government agency wanting to use the cloud, you must demonstrate that you can meet FedRAMP compliance requirements.


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EMERGING TECHNOLOGY

Madison Dearborn Partners Forms Partnership with Former Dovel Technologies Executives to Pursue Investments in Government Tech & Tech-Enabled Service

Madison Dearborn Partners | December 05, 2022

Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm based in Chicago, today announced the formation of a partnership with industry-veterans Damon Griggs and Jon Brooks to pursue investments in the federal government technology sector. The former Dovel Technologies (“Dovel”) executives have extensive industry expertise and an impressive track-record of delivering growth, which will complement MDP’s investment experience in the federal government technology and tech-enabled services market. “Damon and Jon bring a wealth of expertise and proven success building companies that provide valuable solutions for federal clients that will benefit MDP’s continued investment in the attractive market for government technology services, We look forward to partnering with Damon and Jon to identify businesses with significant growth potential that will benefit from the unique combination of Damon and Jon’s expertise and MDP’s deep industry knowledge and resources.” -Matt Norton, Managing Director and Head of MDP’s Business & Government Software and Services team. Griggs, who most recently served as Chief Executive Officer of Dovel Technologies, brings more than 20 years of experience successfully leading and growing technology services companies. Under Griggs’ tenure as CEO, he oversaw the company’s transformation into a market leader in the federal health technology sector. In less than three years, Griggs more than doubled the firm’s annual revenues to approximately $450 million by expanding tech-enabled capabilities, broadening and enhancing relationships with customers, building a world-class leadership team and promoting employee growth and development. Dovel was sold to Guidehouse, a leading global management consultancy firm, in late 2021. Prior to Dovel, Griggs held leadership positions with several technology services providers including InScope International, Inc., Alion Science and Technology, and Washington Consulting, Inc. MDP shares Jon’s and my vision to build a new platform focused on delivering advanced technical capabilities to address the evolving demands of our federal customers, said Griggs. Jon and I are grateful for the opportunity to join MDP in this next chapter, as we identify highly-regarded businesses that are well-positioned to compete and win in the competitive federal technology services market. Brooks brings more than 20 years of transactional, legal and compliance experience gained at leading corporations and Am Law 100 law firms. Over the course of his career, Brooks has successfully closed transactions totaling over $7 billion, including Dovel’s sale to Guidehouse, Engility’s sale to SAIC and OSI Pharmaceutical Inc.’s sale to Astellas Pharma Inc. He most recently served as Chief Legal Officer and SVP of Corporate Development for Dovel, supporting the company’s acquisition strategy, while building a world-class legal, compliance and administration function. Prior to joining Dovel, Jon was an executive at Engility Holdings, serving as the head of mergers and acquisitions and deputy general counsel. Brooks added: Damon and I are pleased to partner with the MDP team as we work to utilize our collective resources, expertise and deep relationships to build a leading government technology and tech-enabled services platform. MDP has established a strong industry presence and we look forward to strengthening the firm’s partnerships with innovative businesses that are defining the future of the industry. “This partnership creates a unique opportunity to build on our track-record of successful investments in the government software and services sector, Together with Damon and Jon, we are excited to pursue additional investments that will form an industry-leading platform delivering innovative solutions to meet the needs of federal customers across key verticals.” -Brandon Levitan, a Director on MDP’s Business & Government Software and Services team. About Madison Dearborn Partners, LLC: Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services.

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EMERGING TECHNOLOGY,CYBERSECURITY

stackArmor Supports MicroStrategy in Getting FedRAMP Authorization to Operate

stackArmor | December 22, 2022

stackArmor, Inc., a leading provider of Federal Risk and Authorization Management Program (FedRAMP®), Federal Information Security Modernization Act (FISMA), CMMC 2.0, and StateRAMP security & compliance acceleration solutions, announced today that it has advised MicroStrategy, in gaining FedRAMP authorization of the MicroStrategy Cloud for Government cloud service offering built on a high-performance cloud-native Kubernetes architecture. FedRAMP promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization, and continuous monitoring for commercial cloud products and services. For over 10 years, the experts at stackArmor have been guiding cloud service providers through the process of meeting government compliance standards, including FISMA, FedRAMP, and standards set by the National Institute of Standards and Technology (NIST). "We created the ThreatAlert® Security Accelerator solution to help our customers reduce the time and costs associated with achieving complex Government mandated requirements like FedRAMP authorizations, MicroStrategy's FedRAMP Marketplace listing is a testament to our continued focus in helping commercial ISVs and SaaS providers meet complex government security and compliance requirements." Gaurav 'GP' Pal, Chief Executive Officer, stackArmor. About stackArmor stackArmor delivers cloud security, compliance, and managed services solutions to commercial and government customers. Based in the Washington D.C. metro area, the company is a specialist in providing security acceleration solutions for meeting FedRAMP and other Government-centric security frameworks. Its ThreatAlert® Security Accelerator includes advisory, cybersecurity engineering, package documentation, and continuous monitoring solutions for customers in regulated markets such as government, the public sector, defense, space, aerospace, healthcare, and education.

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EMERGING TECHNOLOGY

BIO-key International and TD SYNNEX Public Sector Partner to Deliver Identity-Bound Biometric MFA Solutions to the U.S. Public Sector

BIO-key International | December 14, 2022

BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB), today announced a new partnership with TD SYNNEX Public Sector, part of TD SYNNEX (NYSE: SNX), the premier government solutions aggregator. The partnership will enable BIO-key to introduce its award-winning PortalGuard IAM solution and IBB to government agencies at the federal, state and local levels. With the distribution support provided by TD SYNNEX Public Sector, BIO-key is offering the industry's most secure identity and access management solutions to U.S. public sector organizations, government agencies and contractors. TD SYNNEX Public Sector sells through an extensive group of government resellers and system integrators. They also enable purchases with a vast array of critical government purchasing vehicles and contracts at the federal, state and local government levels. Its expansive government reseller network and contract vehicles will enhance access to BIO-Key's secure IBB solutions and improve the buying experience for federal civilian and Department of Defense agencies, federal government contractors and county government departments. The need for convenient, secure IAM solutions has never been higher, with an increasing amount of critical work done online or remotely. Trust in who has access to what is paramount to building trust inside the government. In particular, government organizations at all levels are targets for threat actors to attempt to gain access to protected data. The ability to safeguard these systems needs to be matched by the ability of a diverse range of government employees, contractors, and the public to access information and systems securely. These new requirements have driven an unprecedented need for cybersecurity solutions like those offered by BIO-Key, especially in the government. "The partnership between BIO-key and TD SYNNEX Public Sector will be beneficial in leveraging the channel to reach additional government organizations searching for cost-effective and extremely secure IAM solutions, This ability to target and grow additional government customers through resellers and system integrators is instrumental in proliferating BIO-key's innovative solutions across the government, solving some of the most critical needs they are confronting today. We are excited to be working with TD SYNNEX Public Sector and even more excited about providing the U.S. public sector the best IAM solution in the market today." -Fred Corsentino, Chief Revenue Officer at BIO-key. About TD SYNNEX Public Sector: TD SYNNEX Public Sector is a business unit of TD SYNNEX. It is the premier government solutions aggregator that specializes in understanding the IT needs and solving the challenges of the U.S. federal, state, local and education markets. TD SYNNEX Public Sector helps simplify the process and removes barriers for independent infrastructure and software vendors, federal systems integrators and value-added resellers doing business in the U.S. public sector. About TD SYNNEX: TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX' 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. About BIO-key International, Inc: BIO-key has over two decades of expertise in providing authentication technology for thousands of organizations and millions of users and is revolutionizing authentication with biometric-centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution that provides convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premises and cloud-based Identity-as-a-Service (IDaaS) solutions, as well as customized enterprise solutions.

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EMERGING TECHNOLOGY

Draganfly Selected as Preferred Partner to DEF-C Ukraine Government Military Service Provider

Draganfly | November 18, 2022

Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce DEF-C, a Ukrainian company involved in the civil and defense sectors, has selected Draganfly as an exclusive provider of drones and related services. DEF-C is a Ukrainian company of the Intecracy Group consortium, which has been involved in projects in the creation and use of unmanned aerial vehicles and solutions in the civil and defense sectors for the past decade, providing a broad range of products and services. Draganfly will provide comprehensive equipment and solutions for emergency response, security, defense, and infrastructure, in addition to mapping, support, and public services. Draganfly’s platforms can adapt to air and ground situations providing a range of solutions that solve integral issues. “DEF-C is a trusted provider to multiple Ukraine agencies. The integration of Draganfly’s solutions into our multiple civil and military projects has been well received, and we look forward to expanding this strategic partnership” -Yuri Syvytsky, Lead Director of DEF-C. The partnership between Draganfly and DEF-C will enable us to continue to provide equipment and solutions to the people of Ukraine, said Cameron Chell, President, and CEO of Draganfly. The selection of Draganfly by DEF-C is a testament to the strength of our technology and our team's ability to provide turnkey solutions that meet the specific needs of our customer base. About Draganfly: Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

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Spotlight

FedRAMP was created so that the US government can use the cloud while still protecting systems and data. FedRAMP helps provide clarity for both government agencies and cloud providers so that each knows what is required for cloud use. If you’re a cloud service provider or a government agency wanting to use the cloud, you must demonstrate that you can meet FedRAMP compliance requirements.

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