
Oakland Police Department Selects Mark43 to Modernize Public Safety Technology
'Across California, there's a growing urgency to equip officers with technology that keeps pace with the demands of modern policing,' said Bob Hughes, CEO at Mark43.
Located in the heart of the Bay Area, Oakland is home to over 400,000 residents, served by a dedicated force of approximately 650 sworn officers. Facing increased and ongoing operational and compliance challenges with its legacy on-premises system, OPD sought a future-proof solution.
'This systems upgrade represents a real step forward in our broader effort to modernize our IT infrastructure and systems,' said George Binda, Head of IT Enterprise Infrastructure for the City of Oakland. 'By partnering with Mark43, we plan to provide our police department with secure, cloud-based technology that enables them to continue delivering high-quality public safety services to our community.'
OPD's upgrade to Mark43 comes amidst a broader shift towards modernization across the city. 'We are moving ahead with purpose to retire systems that have reached their operational limits and bring in modern, reliable tools that give our officers the support they need to serve Oakland with confidence,' said Dr. Carlo M. Beckman, Head of Information Technology and Strategic Initiatives at OPD. 'We want officers to come to work and feel supported, and that means better hardware like patrol vehicles or mobile computers and better software; Mark43 is a part of that vision.' He added, 'And because it's in the cloud, we won't be weighed down by the technological debt that can come with legacy systems.'
'Across California, there's a growing urgency to equip officers with technology that keeps pace with the demands of modern policing,' said Bob Hughes, CEO at Mark43. 'With Mark43, OPD is gaining a platform that delivers real-time data, faster reporting, and smarter decision-making — all critical to serving communities safely and effectively. We're proud to help accelerate this statewide movement toward innovation that truly supports those on the front lines.'
Mark43 RMS, built on AWS GovCloud, delivers premier security, efficiency and mobility. 'While our current RMS has served the Oakland Police Department well for more than two decades, it was designed for an earlier era,' Dr. Beckman said. 'Moving to Mark43 will align us with current federal reporting requirements and provide officers with a modern interface with built-in error checking to ease the shift from summary UCR data to detailed NIBRS submissions.'
Mark43 Analytics will power data-driven policing and real-time reporting across the department and community. 'We anticipate that we will be able to automate large portions of weekly crime statistic compilation and data submission to the Department of Justice. Ultimately, we will be able to direct our community members to an online dashboard where crime statistics are always available. That level of visibility will be valuable for our officers, our leadership team, and the public,' Dr. Beckman said. 'By adopting Mark43, we are reinforcing OPD's commitment to data-informed operations.'
This announcement reinforces Mark43's continued commitment to advancing public safety across California and follows recent partnerships with the Port of San Diego Harbor Police Department and San Diego County Sheriff's Office.
To learn more about Mark43 and how the platform is being embraced across the state, visit www.mark43.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Moody's Wildfire Risk Model Successfully Completes California Department of Insurance Review Process
Advanced catastrophe model will support a more resilient insurance market NEW YORK, August 04, 2025--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) announced today that the Moody's RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California's Sustainable Insurance Strategy aimed at stabilizing the state's property insurance market. The Moody's wildfire risk model will allow insurers to leverage the model's advanced, science-driven analytics to assess and price wildfire risk. This enhanced risk assessment is designed to support a more resilient and accessible insurance market – particularly in wildfire-prone areas. "At Moody's, we are committed to providing markets with transparent, scientifically rigorous tools to decode today's interconnected risks," said Michael Steel, Head of Insurance Solutions at Moody's. "Today's milestone marks a significant step forward in addressing the complexities of wildfire risk and promoting greater resilience for insurers, regulators, and homeowners alike." The Moody's RMS U.S. Wildfire Model v2.0 represents a major advance in capturing the complexities of wildfire behavior, including extreme urban conflagration events. A key feature of the model is its ability to directly account for property-level and community-wide mitigation efforts. By incorporating property-specific data aligned with California regulations, the model will empower insurers to recognize and reward homeowners for risk-reduction efforts, creating tangible incentives that strengthen resilience. Moody's RMS U.S. Wildfire Model v2.0 was reviewed under the CDI's rigorous Pre-Application Required Information Determination procedure, which includes extensive examination of its hazard, vulnerability, and actuarial components. Already in use by leading global insurers, reinsurers, and financial institutions, the model is available on the Moody's RMS Intelligence Risk Platform™ along with Risk Modeler™ and ExposureIQ™ to support a full range of wildfire risk management activities. About Moody's CorporationIn a world shaped by increasingly interconnected risks, Moody's (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody's gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody's business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this document are made as of the date hereof, and Moody's undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. Factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody's actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under "Risk Factors" in Part I, Item 1A of Moody's annual report on Form 10-K for the year ended December 31, 2024, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company's actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company's business, results of operations and financial condition. View source version on Contacts For Moody's Investor Relations:Shivani KakMoody's Corporation+1 For Moody's Communications:Kibui PyronMoody's Corporation+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Clarivate Plc (CLVT): A Bull Case Theory
We came across a bullish thesis on Clarivate Plc on by sediment. In this article, we will summarize the bulls' thesis on CLVT. Clarivate Plc's share was trading at $4.2300 as of July 29th. CLVT's forward P/E was 6.51 according to Yahoo Finance. A state-of-the-art computer lab filled with engineers working on new analytics technologies. Clarivate (CLVT) is a leading data and analytics platform across Academia & Government (A&G), Intellectual Property (IP), and Life Sciences & Healthcare (LS&H), with over 80% recurring revenues and renewal rates above 90%. A&G, accounting for roughly half of revenue, benefits from deep entrenchment in the top 50 universities globally via ProQuest's Web of Science, boasting pricing power and minimal churn. IP, about a third of revenue, leverages CPA Global, Derwent, and CompuMark to manage patents, trademarks, and renewals for 1,600+ organizations, commanding scale-driven cost advantages. LS&H, the smallest but fastest-growing segment, is rebuilding from past missteps with enriched real-world data and epidemiology intelligence, supported by AI-led product enhancements. Despite a durable competitive moat—driven by highly curated proprietary data, entrenched workflows, and high switching costs—shareholders have endured years of weak organic growth, heavy leverage, and significant goodwill impairments. The 2021 ProQuest and 2020 CPA Global acquisitions diluted equity and left net debt at 4.7x EBITDA, with Clarivate still unprofitable despite generating $350–380M in annual FCF. New CEO Matitiahu Shem Tov, a SaaS veteran, is executing a turnaround plan by divesting low-margin transactional businesses, focusing on subscriptions (now 81–83% of revenue), and revitalizing LS&H to drive 4–5% organic growth. Success hinges on accelerating contract value growth, expanding LS&H, and further debt reduction. While at sub-$3B market cap, Clarivate screens inexpensive versus FCF, it remains a complex turnaround with upside from operational execution, AI-enabled product innovation, and organic growth normalization, but downside risk if execution stalls or leverage persists. Previously, we covered a on TTEC Holdings, Inc. (TTEC) by burnoutstory in May 2025, which highlighted founder Ken Tuchman's $6.85 per share take-private offer and the company's undervaluation despite significant revenue and AI-driven SaaS growth. The stock has appreciated by approximately 0.97% since our coverage, as the thesis largely remains intact. Sediment shares a similar thesis on Clarivate Plc, focusing on a data-heavy turnaround with leverage concerns. Clarivate Plc is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held CLVT at the end of the first quarter which was 20 in the previous quarter. While we acknowledge the potential of CLVT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.
Yahoo
10 hours ago
- Yahoo
Palantir Technologies Inc. (PLTR): A Bear Case Theory
We came across a bearish thesis on Palantir Technologies Inc. on Valueinvesting subreddit by smltc. In this article, we will summarize the bulls' thesis on PLTR. Palantir Technologies Inc.'s share was trading at $158.80 as as of July 25th. PLTR's trailing and forward P/E were 690.43 and 277.78, respectively according to Yahoo Finance. A software engineer manipulating a vast network of code on virtual monitors. Palantir Technologies has emerged as one of the most talked‑about names in the AI boom, with its data analytics platforms Gotham and Foundry, initially designed for intelligence agencies, now widely used by enterprises and governments. The company's newly launched AI platform enables natural‑language querying, further fueling investor excitement about its potential to dominate the AI‑driven data analytics space. Financial performance has been robust, with Q1 2025 revenue rising 39% year‑over‑year to $884 million, U.S. sales up 55%, and commercial revenue surging 71%. Palantir remains profitable, earning $462 million in 2024 and $214 million in the latest quarter, supported by $5.4 billion in cash reserves and no long‑term debt. Its customer base remains heavily skewed toward government contracts, contributing roughly 55% of revenue, and the top 20 clients account for a substantial share, creating concentration risk. Shares have soared more than 400% over the past year, closing around $159 on July 25, propelled by AI optimism. However, the valuation—trading at over 120× trailing sales and 200× next year's earnings—is historically extreme, implying that even modest growth disappointments could lead to steep declines. A discounted cash‑flow analysis, even with bullish assumptions, suggests fair value closer to $20–30 per share, in line with other fast‑growing software peers trading at 8–20× sales. Risks include intensifying competition from tech giants, reliance on large customers, potential government budget tightening, and shareholder dilution from heavy stock‑based compensation. While Palantir's fundamentals remain strong, analysts caution that exuberant pricing leaves little margin for error, making the stock a speculative bet despite its operational momentum. Previously we covered a bullish thesis on Palantir Technologies Inc. (PLTR) by Deep Value Returns in May 2025, which highlighted its strong growth, AI leadership, and profitable scaling despite a premium valuation. The company's stock has appreciated about 46% since, driven by AI optimism. smltc shares a contrarian view and emphasizes extreme valuation risks and downside potential. Palantir Technologies Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held PLTR at the end of the first quarter which was 64 in the previous quarter. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.