Bloomberg Enters Government Data Market

According to a post on the Washington Technology website, Bloomberg has acquired Eagle Eye Publishers with a goal of entering into the government market.  The move positions it to possibly compete with INPUT and Fedsources, long-standing research companies in the government space.  Bloomberg has traditionally provided financial trend data to Wall Street types.

The article states “Eagle Eye provides data and analysis on contracting and grants actions by government agencies. Users are charged a subscription fee.”  Bloomberg officials confirmed the acquisition when contacted by Washington Technology, but would not comment on the value of the deal or expand on Bloomberg’s strategy in the government space.

Apparently, Bloomberg is seeking to create a resource similar to Congressional Quarterly, but focused on government actions and their impact on public companies.  It is not clear if it will offer deep insights into specific procurement opportunities.

-Lorin

Cybersecurity: Hot Trend (Unfortunately) for Federal Government

Cybersecurity is one of the greatest concerns and hottest IT trends in government today.  Highlighted recently through reports of China’s hacking of Google, the issue has simmered for years.    Now the Department of Homeland Security says it is detecting new patterns of cyber attacks from foreign foes.

Einstein 2, a new “special-purpose intrusion-detection system (IDS)” has been detecting the attacks according to reports in NetworkWorld.  With only a handful of agencies now on the system, DHS says it is detecting between 100 and 10,000 cyber attacks on the federal agency per week.  The IDS will be widely deployed in federal networks during 2010.

According to NextGov.com, “cybersecurity” is defined as “…the protection of all things Internet — from the networks themselves to the information stored in computer databases and other applications.”   The concept has grown as businesses and government agencies send and process greater amounts of data online.  Its importance will continue to expand as broadband capacities swell and new technologies emerge that foster greater collaboration and data exchange.

Last week the House passed the 2009 Cybersecurity Enhancement Act.  According to NextGov.com the bill provides about $395 million in grants for computer and network security R&D between 2010 and 2014.  It also funds nearly $100 million in scholarships to recruit and train cybersecurity professionals, and $120 million for research facility construction and training program development at colleges and universities. The bill requires a task force, made up of representatives from federal government, industry and academia, to consider how to encourage collaborative research and development for cybersecurity.  There is no companion bill in the Senate yet.

-Lorin