Daily Archives: March 9, 2021

A surge in big technology stocks was pulling the stock market sharply higher on Tuesday, as a fall in bond yields was helping beaten-down technology companies recover.

The surge comes a day after the Nasdaq closed 10% below its February peak, what is known as a correction on Wall Street.

The S&P 500 was up 1.8% as of 11:50 a.m. Eastern. The technology-heavy Nasdaq was up 3.3%, led by gains in Apple, Amazon, Facebook and Cisco. The Dow Jones Industrial Average, which is weighted less toward tech than the other two indexes, gained 265 points, or 0.8%, to 32,068. The Russell 2000 index of small company stocks was up 2.3%.

Investors were relieved to see that long-term interest rates were falling in the bond market. The yield on the 10-year Treasury note dropped to 1.55% after trading above 1.60% a day earlier. Higher bond yields tend to pull money away from high-priced stocks like technology companies, which have been soaring through the pandemic.

Bank stocks, which had benefited from the rise in bond yields, were moving in the opposite direction as the rest of the market. Bank of America fell 0.5% while Citigroup was flat.

Yields have been climbing with rising expectations for growth and the inflation that could follow. Higher yields put downward pressure on stocks generally, in part because they can steer away dollars that might have gone into the stock market into bonds instead. That makes investors less willing to pay such high prices for stocks, especially those that look the most expensive, such as technology stocks.

Striking the correction level for the Nasdaq is also important for many investors and traders who use technical indicators to decide when to buy or sell stocks. A correction is typically seen as a healthy moment for any market, giving investors a chance to pause and reallocate their investments without the volatility and stress that a bear market typically can bring.

Investors have been betting that$1.9 trillion in coming government stimuluswill help lift the economy out of its coronavirus-induced malaise. There are also investors who are betting that stimulus and an improving economy will result in some inflation down the road.

The U.S. economic aid package, passed narrowly by the Senate on Saturday, provides direct payments of up to $1,400 for most Americans and extends emergency unemployment benefits. Its a victory for President Joe Biden and his Democratic allies, and final congressional approval is expected this week.

Oil prices were also moving modestly lower, continuing a two-day slide. U.S. crude oil fell 0.8% to $64.24 a barrel.

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Technology rebound leads stocks higher in early US trading - FOX40

Roger announced today that it has opened its ecosystem up for all dry bulk truck shippers and carriers to access.

Roger was developed with feedback from more than 500 trucking companies and industry leaders in dry bulk freight shipping. While Roger is less than a year old, more than 150,000 loads have been completed using Roger's technologies, with nearly 500 carriers hauling more than 45 different commodities for major dry bulk shippers like The Andersons Inc., Cargill,Consolidated Grain and Barge Co.,Koch FertilizerandThe Scoular Company. Roger is also backed by one of the industry's leading agricultural technology companies, Bushel.

"Shipper and carrier relationships are important in our business," said Jeff Schreiner, CEO of Roger. "The key to success is being able to build additional business relationships and then use data-driven insights to make informed and profitable business decisions. Roger does just that. It is a neutral and secure solution that uses technology to organize data, create efficiencies, and connect shippers and carriers in a new, more transparent way."

Current bulk freight processes are fragmented and manual, resulting in lost productivity and revenue potential. Roger's technologies aim to solve some of the industry's biggest challenges.

"Rogerhas improved our communication with carriers and partners," said Jeannie Frana, Global Process Owner, Cargill Transportation and Logistics. "We've been able to reduce phone calls, cut back on paperwork and pay our carriers faster. It's a win-win for Cargill and our carriers."

Roger Technology Solutions

Roger is a single, universal technology solution that can integrate with existing systems and be used across the entire industry, giving shippers and carriers tools that can be used together or individually:

"The visibility of our carrier's location allows us to make real-time logistical decisions," said Ryan Napier, Grain Merchandiser, Scoular, "while the paperless billing streamlined the flow of information from carriers to customers, increased our payment turnaround and enabled almost real-time information flow to our customers."

Napier added, "The level of transparency and trust Roger offers is unlike any other platform we've used. Our customers can instantly see the location of their load and the information we have on the load; see as soon as a truck scales out of our facility, when it scales into the destination and when the load is delivered. It has improved the level of customer service we can provide tremendously."

How to Get Onboard

To learn more about how Roger works, view a demo video, or to get started, visit rogerthat.com. The Roger App is available in theApple App Store(search for Roger Trucking) or Google Play Store(search for Roger).

About Roger LLC

Roger LLC develops digital tools to help shippers and carriers unlock the power of their bulk freight networks by digitizing the entire shipping process, from dispatch to payment. Roger's ecosystem was developed working alongside more than 500 trucking companies and the company's initial charter members, The Andersons Inc., Bushel, Cargill,Consolidated Grain and Barge Co.,Koch FertilizerandThe Scoular Company. The company's mission is to create an innovative, neutral and secure technology solution that brings trust and transparency to the bulk freight industry and tackles some of the industry's biggest challenges. Learn more at rogerthat.com.

SOURCE Roger LLC

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Roger's Technology Is Changing the Way the Bulk Freight Industry Does Business - PRNewswire

Consultants at the University of Southamptons Wolfson Unit have confirmed the validity of UK-based Windship Technologys patented triple wing rig.

The study, which predicted performance reduction for a 125,000DWT vessel, showed that the companys rigged commercial vessels will achieve fuel savings of around 33%.

According to Windship Technology technical director Simon Rogers, the companys True Zero design could eliminate CO2, NOx, SOx and particulate matter by incorporating large solar arrays, carbon capture, optimised hull shapes and specialised weather routing software.

We speak to Rogers about the studys wider implication and how Windship Technologys triple rig will save fuel and reduce commercial vessel emissions.

Simon Rogers (SR): The findings of the Wolfson Unit at the University of Southampton were the result of modelling a 125,000t ship and running the hydrostatic calculations to look at the performance overall and the integration of the computational fluid dynamics results and combining them with the overall performance profile.

What was discovered is that the results were really substantial and at a ship speed of 12 knots, we had about fuel savings of about 33% in a fully loaded condition. We have about 8% better performance in the unloading conditions.

So [between] 10 and 12 knots, were getting nearly 48% in full loaded condition and over 50% in ballast condition. We are likely to be between 35% to 40% fuel saving on a North Atlantic route taking all seasons into account just with wind.

SR:They were conducted by the Wolfson Unit using its in-house velocity prediction programme. Its a piece of software that combines the water side (Hydro) of the analysis with the air side (Aero) and is a commercially recognised and validated piece of software.

GlobalData's TMT Themes 2021 Report tells you everything you need to know about disruptive tech themes and which companies are best placed to help you digitally transform your business.

SR:[The results] demonstrate beyond what we have already predicted, [the cost] of the True Zero solution has actually come out much better than we expected.

With [Windship] we think [we could achieve] fuel savings of over 35% to 40%, so it just further answered the validation that True Zero will be a reality very soon.

SR: [Our product] is three vertical wings and what we were able to do with that is to have a big rotating bearing on the deck. The three vertical wings are 48 inches tall they are bigger than a 380 wing so they are really massive and each one of those fixed wings has four trailing edge flaps.

Its basically three aircraft wings with flaps bolted together and rotating on a bearing to set up the angle of attack. And when the direction of the wind changes, we tack like a sailing boat, changing the canvas section of the back of the rig for the new wind direction.

Its a very powerful system and our solution has the highest power density and height rigs of any wind solution in the world.

SR: Wind Technology alone will be responsible for reducing fuel consumption by conservatively 30%.

In this situation, we are looking at probably nearer 35% to 40% fuel saving. And that is only achievable in new ships, where we have the new drive train as well. We are able to optimise the engine for the thrust that is produced by the rig.

The benefits to the environment are considerable, as the combination with the carbon capture and heat recovery system eliminates the SOx, NOx, the particular matter and all of the CO2.

Thats what we are verifying with DNV at the moment, but it will be an absolute revolution for the industry.

SR: We are planning on building two prototypes. The wing themselves are made out of composite material, very similar to the wind turbine industry.

Its well-proven technology and that can be manufactured in the UK. We will build two prototypes, which will be fitted to an existing ship for trials and at the moment we are working with owners to make this possible.

Its a two-year programme and whilst we are doing prototype testing, we will also be building a factory for production.

Propeller Shaft Seals and Bulkhead Seals

28 Aug 2020

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Q&A: reducing emissions with Windship Technology - Ship Technology

HOUSTON, March 09, 2021 (GLOBE NEWSWIRE) -- Computex Technology Solutions, an American Virtual Cloud Technologies Inc. company, announced today it has been named thelargest cybersecurity company in the Houston area by the Houston Business Journal for the second year in a row. Ranked #1, the IT solutions provider services businesses in the oil and gas, financial, technology and retail industries.

Computex offers a comprehensive portfolio of security solutions, including managed cybersecurity offerings and a U.S.-based security operations center (SOC) as-a-service, data loss prevention, penetration, employee awareness, cloud and security. Computexs more than 30 years of experience in data centers, enterprise networking, and managed services enables its team to take a holistic approach to protecting and supporting a companys IT infrastructure and business objectives.

We are delighted to be recognized as the leading provider of cybersecurity technologies and services for the second year in a row, said Faisal Bhutto, president of cloud and cybersecurity, atComputex. We purposely built our managed security services and cybersecurity portfolio to address compliance needs of organizations across all verticals and industries. With our investments in quality talent, world class tools and software and sophisticated security response protocols, we aim to provide a security program that provides the peace of mind needed in the world of cybersecurity chaos we are in.

The announcement is the latest recognition for the company based on its continued growth and achievements. Computex was recently named the 2020 Breakout Partner of the Year at the Cisco Partner Summit Digital 2020, and it achieved Nutanix Cloud Champion Status in January 2021, the highest tier in the Nutanix Elevate Partner Program. The company was also named to the Houston Business Journals 2020 Best Places to Work, CRNs MSP Elite 150.

About Computex Technology Solutions

Computex Technology Solutions is an award-winning solutions provider that enables its clients to grow, differentiate and evolve their business via innovative and proven technology. An American Virtual Cloud Technologies IT service management company (AVCtechnologies), Computex combines its over 30 years of hands-on experience with its unparalleled processes to deliver enterprise networking, cloud and cybersecurity data center solutions, as well as managed services, that meet each of its customers unique IT, business and budgetary goals. To learn more, please visit: https://computex.net/ or call 888-335-2789.

About American Virtual Cloud Technologies, Inc.

American Virtual Cloud Technologies (AVCT; Nasdaq: AVCT) is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. For more information, visithttps://www.avctechnologies.com

PRESS / ANALYST CONTACT

American Virtual Cloud Technologies, Inc.Thomas King+1 (404) 239-2863info@avctechnologies.com

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Computex Technology Solutions Named Largest Houston-Area Cybersecurity Company By Houston Business Journal For Second Year In A Row - GlobeNewswire

Although there are many ways to calculate the return on investment (ROI), its important to consider whats relevant for the particular technology you intend to acquire. Ben Weinberger, lawyer, technologist, and business advisor says that calculating ROI starts with determining the goal. There are a number of ways to measure ROI, but not all of them may be appropriate or even valid for each technology acquisition. Chief Legal Officers (CLOs) first need to understand what their goals are for a particular product is it meant to reduce the time spent on delivering the same volume of work? Is it needed to expedite a time-sensitive process?

Once youve determined the goal of the proposed technology solution, you want to consider what other factors have an impact on ROI.

Convenience:

Consider how your legal department currently operates, and what tasks your team is responsible for. What routine tasks do you carry out currently? What tasks can legal technology automate? How easy is it for users to get accustomed to the new solution? When you decide to invest in legal technology its important to consider how easy the solution is to implement. While more complex solutions may offer several benefits to the legal department, if its considered too disruptive to your current processes, youll have a hard time gaining user adoption. The same goes for legal technology that is not scalable or requires considerable downtime for configuration each time you scale up. Keep in mind that it might take several months, or even a year, before you notice any considerable changes in convenience as it takes time for users to get accustomed to working with the tool.

Speed:

How long does it take you to get things done now and how long will it take to get the same task done with the technology solution? What tasks will you be able to complete faster?

Efficiency:

Corporate legal departments have been grappling with the more with less challenge in recent years. They have to manage an increasing workload, caused partly by complex regulations, which has meant they struggle to keep up with the growth of the rest of the business. In other words, the more with less challenge means legal departments are handling an increasing workload with the same, or fewer, resources. How will legal technology help you manage a heavy workload and get things done?

Costs:

What is the cost of doing nothing? What is the financial impact and the impact on staff morale if you continue to work the way you always have? Ben points out that costs are rarely just about the costs of the technology itself. They need to know implementation costs, ongoing and future costs, timeframe for implementation, and what level of effort and involvement from their own team it will require in learning to use the system, loading data or content into it, and, in the case of most AI tools being sold today, the time to train it.

Takeaway:

Now that you know what the important factors of calculating ROI are, its time to consider which factors are important for determining the ROI of your legal technology and how you plan to measure them.

Download our whitepaper, Proving the return on investment of legal technology and learn how to demonstrate the value of legal technology and benefit from productivity and efficiency gains.

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Factors that influence the return on investment of legal technology - Lexology

You could see the momentum to finally push real funding to the Technology Modernization Fund building all last week.

Three nominees for key positions at the Office of Management and Budget specifically mentioned the need to put serious money behind federal agency cybersecurity and IT modernization efforts. Senate lawmakers did more than casually mention it or offer to submit questions for the record.

A draft of the Senates version of the American Rescue Plan labeled a managers amendment leaked out finally offering some specifics: $1 billion for the TMF, $650 million for cybersecurity and another $350 million for other related IT modernization efforts.

But it wasnt until the Senate Budget Committee released its initial version of the bill did reality set in. Real, impactful funding for the TMF was closer than ever to crossing the finish line.

By March 6, the Senate sealed the deal with a vote of 50-49 passing the American Rescue Plan with the $2 billion for federal technology and cybersecurity efforts.

Having $1 billion dollars in the Technology Modernization Fund is a good first step and will be critical to helping address many of the common challenges still hampering effective IT transformation across the government, such as identity management, secure data sharing, leveraging AI and other emerging technologies to enhance citizen service delivery and expanding critical cybersecurity shared services to combat persistent threats, said Matthew Cornelius, the executive director of the Alliance for Digital Innovation, an industry association, and a former senior technology and cybersecurity advisor at OMB, in an email to Federal News Network. Because these funds are being provided as part of this relief bill and should be used to deal with immediate challenges, it is incumbent upon OMB and the General Services Administration to use the authorities they have under the MGT Act to suspend repayment and quickly make targeted investments to the most high priority projects in one or more agencies.

The TMF and other funding are not a done deal. The House still must pass the Senates version of the American Rescue Plan. That, however, is a strong likelihood given the Houses long-standing support of the TMF.

Once the House passes the legislation and President Joe Biden signs it into law, along with the TMF receiving $1 billion it never received more than $100 million at a time the Cybersecurity and Infrastructure Security Agency in the Department of Homeland Security would receive $650 million to shore up federal networks from cyber vulnerabilities, the U.S. Digital Service would receive $200 million and the Federal Citizen Services Fund would get $150 million.

The Biden administration called for $9 billion for the TMF and another $1 billion for cybersecurity and IT modernization efforts to address the urgent national security issue.

The American Rescue Plan emphasizes the importance of modernizing federal information technology and bolstering governments cybersecurity. These investments in technology infrastructure and tools are an important down payment on helping to deliver modern and secure citizen services and critical networks. We commend the U.S. Senate for prioritizing this vital need and urge the U.S. House of Representatives to approve the measure, said Jason Oxman, president and CEO of the IT Industry Council, in a statement.

ADIs Cornelius added that while the initial funding is a great start, Congress and the administration must continue to work toward addressing the legacy technical debt.

We fully expect that any forthcoming jobs package will include digital infrastructure and technology investments to spur economic growth and improve digital service delivery in both the public and private sectors, he said.

In addition to the funding for the TMF and other cybersecurity and IT initiatives, the Senate bill included the extension of the Section 3610 authorities to let agencies pay contractors if they cannot work during the pandemic.

Industry associations pressed lawmakers to move the sunset date from March 31 to Sept. 30.

Professional Services Council president and CEO David Berteau praised the work of Sens. Mark Warner (D-Va.) and Marco Rubio (R-Fla.), the chairman and vice chairman, respectively, of the Intelligence Committee.

With so much uncertainty around safe access to workplaces, now is not the time to let up on COVID-19 protections. If enacted, this extension will help the federal government continue to access the highly skilled, cleared and trusted contractor workforce needed to meet mission needs, Berteau said in a statement.

National Defense Industrial Association also applauded the Senates passage of the 3610 extension.

Extending 3610 and safeguarding the defense industrial base workforce is critical to our national security today and, more importantly, into the future, said Hawk Carlisle, NDIA president and CEO.

The fact that the Senate is supporting $1 billion for the TMF means that OMB must do its part and figure out what their version of transparency looks like and offer 110% of it. This is the Biden administrations big opportunity to reverse decades of neglect and mistrust, lets hope for every agencys sake they dont revert to the actions of the last three administrations when it comes to communicating about the funding.

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Technology Modernization Fund on track to receive biggest pay day ever - Federal News Network

CHARLOTTE, N.C., March 9, 2021 /PRNewswire/ -- Calyptix Security Corporation today announced its 2021 Gold Medal Partner of the Year, New Partner of the Year, and Premiere Partners of the Year. These business partners have demonstrated commitment to advancing and managing the network security of small and medium-size business customers through use of Calyptix's all-in-one AccessEnforcer cybersecurity solution.

The Gold Medal Partner of the Year designation was awarded to C&W Technologiesfor the exceptional customer service they delivered in 2020. The Florida-based firm has been offering "IT done right" since 1985.

Recognizing its rapid growth, Bridged Technologywas awarded the New Partner of the Year designation. Bridged Technology is a woman- and veteran-owned business serving Washington D.C., Maryland, Pennsylvania, Virginia and West Virginia.

"Calyptix is proud of its partners, and the role they play in our mission to advance the overall network security of small and medium-sized business customers," said Calyptix Security Corporation CEO Ben Yarborough. "Our selection process for these distinguished awards goes beyond a strong sales record, and takes into account feedback from sales, support, training and fulfillment departments. At Calyptix, we remain committed to strong customer service, integrity, perpetual learning and security, and are fortunate to work with partners that share our core values."

"Many vendors call C&W Technologies a partner, but that's only a name," said Eric Kiehn, C&W Technologies CEO and President. "That's not the case with Calyptix. They make it a true partnership. Every Calyptix product is certainly geared to security, but always with partners in mind."

"Calyptix is phenomenal when coming up with precise unique solutions when other companies cannot or don't want to put forth the effort to do," said Bridged Technology President Elizabeth Powell. "Calyptix offers flexibility, reliability and communication. Partnering with them is one of the best choices we made for our network security products."

In addition to recognizing its Gold Medal and New Partners of the Year, Calyptix also identified the following distinguished firms as Premiere Partners for 2021:

Anchor Network SolutionsBeckTekBrainstorm ComputersBrew City PCBrownCOW Technology LTDCCB Tech Group CIM SoftwareCRSA TechnologiesCanon Capital Management Group, LLCCompucarolina LLC Computer Backup, Inc.Computer Business Solutions IncComputer Management SolutionsComputer Professionals On-SiteComputer Technical SpecialistsCutting Edge ComputersDataStream NetworksEagle's Wings Technologies, LLCHarbor Computer ServicesHardin Computer TechnologiesJH3 Technology SolutionsJones ItechK2 TechnologiesLivewire Information SystemsMpowered ITMatrix Computer TechnologiesnFocus TechnologiesOurNerdProNet Information SystemsReliable Business SolutionsReliance Technology Solutions IncRocky Knoll TechnologiesTechno AdvantageTechnology Assurance Group IncTotal Care Computer ConsultingVox Match Corporation

About Calyptix SecurityCalyptix Security (http://www.calyptix.com) is dedicated to helping small- and medium-size organizations secure their networks so they can raise profits, protect investments, and control technology. The company's all-in-one device for network security and management, AccessEnforcer, makes it easy to protect SMB networks so companies can forget about security and focus on winning.

SOURCE Calyptix Security

Network Security for Small Business

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Calyptix Security Corporation Names C&W Technologies as 2021 Partner of the Year - PRNewswire

PLANO, Texas, March 9, 2021 /PRNewswire-PRWeb/ -- Organizations must reassess the tools and techniques they use to ensure their workers are prepared and proficient in using the technology they need to do their jobs, according to a new Business Impact Brief released by 451 Research, part of S&P Global Market Intelligence, and commissioned by Skyllful. The brief, titled, The Future of Both In-Office and Frontline Work Demands Contextual Training and Faster Time to Value for Employees, concludes that organizations must adopt a continuous onboarding mindset to meet this challenge and look for tools and technologies with contextual training and in-app guidance that meet employees where they work (e.g., on their mobile devices) to accelerate time-to-value.

"Introducing new technologies isn't a simple task, and the resulting training challenges and role confusion are compounded into a broader change management issue," the 451 Research Business Impact Brief states. "Organizations must reassess the tools and techniques they use to ensure that workers are prepared and proficient regarding the tech they need to do their jobs To meet this challenge, organizations must adopt a continuous onboarding mindset and look for tools and technologies that speed time to value and app adoption through contextual training and in-app guidance."

The Business Impact Brief by 451 Research, part of S&P Global Market Intelligence, presents research findings that assessed various impediments to employee time-to-value, the amount of time it takes from onboarding a new employee to the employee achieving an optimal level of productivity. 42% of new employees take six months or longer to add value at work, while 12% take a year or more, according to 451 Research's Voice of the Enterprise: Workforce Productivity & Collaboration, Employee Lifecycle & HR 2020 survey.

"If employee time to value remains slow at an organization, over time that organization may no longer be able to compete with its peers as they embrace digital evolution and are able to respond more effectively to market changes and more quickly deliver their products and services," concludes the brief. "The continuation of this trend will also hurt recruitment and retention efforts."

Skyllful's Mobile Digital Adoption Platform provides on-device, on-demand scenario-based app simulations that ensure frontline mobile workers are prepared and proficient with their mobile apps. It is the only digital adoption platform designed and built for frontline mobile workers. Skyllful offers a less costly and more effective option for training workers on new deployments and existing apps. Skyllful's mobile simulations can be used for 'in the moment' learning to drive continuous adoption and ensure technology ROI.

About Skyllful

Skyllful is a leading provider of a mobile digital adoption platform that helps workers on the front lines use enterprise mobile apps more efficiently and effectively in their delivery of essential products and services. With deep expertise in leading mobile technology and best practice field deployments as well as a leadership team with decades of experience working with large mobile workforces and applications, Skyllful provides on-device, on-demand training through scenario-based simulations. Whether a company is deploying a new mission-critical workforce app or seeking to improve its workforce engagement with existing apps, the Skyllful platform is easy to use, intuitively designed and proven to increase productivity and deliver greater returns on investment in technology. Skyllful is headquartered in Denver, Colo., and maintains a customer experience center in the greater Dallas/Ft. Worth area of Texas. For more information, visit https://www.skyllful.com and follow on Twitter @Skyllfulco.

Media Contact

Michael Tebo, Gabriel Marketing Group (for Skyllful), 571-835-8775, michaelt@gabrielmarketing.com

SOURCE Skyllful

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Productivity of Frontline Workers Hampered by Poor Training on Mobile Technology Tools, Lack of Contextual Training, New Business Impact Brief Finds -...