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UK SMEs lose £2.2bn as customers fall into administration during lockdown

Stockwood Strategy

SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020. Risktech business Nimbla , surveyed* 2,000 UK SMEs and found that £2.2bn in revenue (for goods and services provided during lockdown) has been lost because those customers fell into administration. A number that is set to increase dramatically over the course of the next year. More than a third (38%) of SMEs are still waiting to be paid an average of £59,013, for work they completed before the lockdown. Worryingly, a fifth (21%) of these companies believe they will never recover the full amount, losing on average £24,903 because those customers have gone into administration. Looking at the bigger picture, this is worth £2.2bn in revenue across all SMEs (with outstanding payments) that will not be realised. Lost time and revenue Businesses reported, on average, 6 invoices go unpaid every year with half of these worth £41,193 written off due to their customers becoming insolvent. Yet, surprisingly, only 4% of business owners take out trade credit or invoice insurance, which protects the supplier against their customers’ insolvency. Business owners do spend time thinking about a potential insolvency event with their customers. In the event that happened, most of them (83%) would continue trading but the impact on cash flow would lead to changes in asking customers for deposits, requesting shorter payment terms, declining larger projects and fear their credit scores falling. Business owners spend, on average, two weeks chasing an invoice payment which eventually was never paid because the customer became insolvent. Flemming Bengtsen, CEO at Nimbla commented: “The impact the lockdown has had on SMEs, who are the heart and soul of the UK economy, is astonishing. Many have survived several attacks during the pandemic and, now, knowing they won’t get paid for the work they did is another huge body blow. There could be more bad news on the horizon for smaller businesses as high street chains face difficulties and potential insolvencies.” Looking ahead Businesses anticipate making, on average, £263,000 revenue between now and the end of the year. However, as customers seek longer payment terms from 30 to 60 days to settle invoices, three in five (60%) business owners are nervous about not getting paid at all with expectations that one in six customers will become insolvent before the end of the year. This is a major issue as more than a third (36%) of businesses were heavily concentrated, reporting that more than two-thirds of their revenues came from a handful of customers. Overall, business owners reported 61% of their customers said they were doing well in terms of their revenue, going steady with sales and generally content with the business environment. Yet, business owners were sceptical about their buoyant spirit, with only a quarter (26%) believing what they say. Flemming Bengtsen added: “The current uncertain economic environment means doing business isn’t easy, it’s made all the more difficult with SMEs anxious about getting paid. Trading on trust and confidence has deteriorated. It is time, as a collective, to bring this back. Business owners cannot afford to bury their heads in the sand; they should protect themselves and insure against the potential insolvency of their customers.” ENDS Notes to the Editor *Research findings based on a survey of 2,000 UK companies (who are employers with a minimum turnover of £250,000) conducted for Nimbla in September 2020 by LM Research & Marketing Consultancy (Market Research Society approved partner and ESOMAR corporate member). About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the risktech company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly ( www.nimbla.com ) and through partnerships with Barclays and Starling Bank. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Bilal Mahmood +44 7714 007257 bilal.mahmood@nimbla.com Company Website https://www.nimbla.com/

October 06, 2020 04:00 AM Eastern Daylight Time

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Construction industry rallies in rebuilding Britain, finds Skrap survey

Stockwood Strategy

The construction industry is rallying from the aftermath of the lockdown as builders report steady workflow and recovering revenues, finds a survey* of 2,000 UK construction companies by Skrap , the on-demand construction hire specialist . Almost half of construction businesses (44%) reported that workflow has reached pre-lockdown levels. The bounce is such that almost a quarter (23%) of businesses felt they would hit at least 2019 revenue levels and possibly see a 20% increase. This is despite nearly two-thirds (63%) of businesses still waiting to be paid, on average, £47,784 for work they did pre-lock down. However, this is an improvement from June 2020 when they were waiting for £157,642. Of the work that is being done, building contractors are seeing the greatest demand from residential projects (48%) and public sector work (30%) such as roadworks and in schools. However, of those businesses seeing a partial slowdown in work, they pointed to the uncertain state of the economy which is delaying investment decisions. Construction industry business owner Jamie Herd, MD of Lords builders’ merchants commented: “We’ve seen sales of supplies increase steadily over the past 3 months and orders to the end of 2020 look good especially in London and the home counties. The government’s favourable loan schemes have boosted the cash flow of construction businesses to enable them continue their work and overall, there is a bullish mood that work is returning to normal in the industry”. Hussain Hilli, co-founder at Skrap commented: “Although building activity shrunk during the lockdown, this survey provides a cautious note of optimism for the construction industry. It’s not surprising this wave of optimism comes from residential work as people continue to work from home and consider their new needs. The decision to scrap stamp duty on homes below £500,000 has also got home owners active. Government policies are taking effect and builders are benefiting but a lot will rest on how investors see Brexit playing out on the UK economy”. 2020 expectations Boris Johnson’s ‘Build, Build, Build’ initiative is making a difference. Almost half of builders (46%) said they had benefited from the policy announcement and were expecting more contracts from this in the next few months. However, they do feel that investment in house building developments is being held back. This is chiefly down to investors being vary of valuations given the impact Brexit could have on the economy coupled with the lack of urgency from the government to support this crucial infrastructure need. Looking ahead to the end of the year, builders fear the biggest disruption to business will be a second wave of COVID19 cases leading to another mass lockdown impacting delivery and demand of projects. Brexit The majority of construction businesses are confident that there will be little fallout from a no-deal Brexit. They felt the Government would negotiate a good trade deal in time and it will be business as usual. However, they do feel the greatest concern in the run up to Brexit centres on workforce availability. This is understandable as up to a quarter (25%) of their workforce are non-UK nationals. Ends Notes to the editor * Research findings based on a survey of 2,000 UK construction companies (who are employers with a minimum turnover of £250,000) conducted in September 2020 by LM Research & Marketing Consultancy (Market Research Society approved partner and ESOMAR corporate member). About Skrap Founded in 2017, Skrap offers on-demand services for skip and construction hire resources. Every year almost 100m tonnes of construction waste is collected in the UK and construction businesses spend £5b in collecting this waste, and a further £15b on other hire services. Skrap intends to remove the hassle from ordering a skip and other construction hire needs to make this experience simple and user friendly. Skrap’s strategic ambition is to automate the entire construction hire supply chain across major cities globally over the coming years. Founders Marwan Field, Hussain Hilli and Ahmed Rao came across the problem while running a construction business where logistics were unorganised and fragmented; prices were asymmetric, and the marketplace of suppliers and brokers were doing everything manually. Contact Details Bilal Mahmood +44 7714 007257 bilal@skrap.xyz Company Website https://www.skrap.xyz

October 06, 2020 03:30 AM Eastern Daylight Time

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Comodo Announces Westcoast as Distributor in UK Cybersecurity Marketplace

Comodo

Westcoast Limited, the number one UK distributor with nearly $4 billion in annual revenue has chosen a partnership with Comodo, the world’s leader of next-generation cybersecurity. Together Comodo and Westcoast Limited bring Comodo’s entire range of cybersecurity solutions, including the Dragon platform with Advanced Endpoint Protection (AEP), SOC-as-a-Platform (SOCaaP™) and Managed Detection and Response (MDR) to their channel ecosystem. “We are very interested in unique, market changing solutions from cybersecurity vendors who don't accept the status quo of legacy cybersecurity. Comodo offers our customers compelling differentiation in a saturated marketplace, and a solution with which to approach their clients who are likely tired of failing, legacy solutions,” said Steve Smith, Head of Cyber Sales at Westcoast Limited. He continued, “We chose to partner with Comodo because of their strong channel focus, their willingness to cooperate and be flexible, and their strong belief that our value-added distribution proposition is a benefit to the entire channel and our customers.” Comodo’s SOCaaP is the world’s first and only complete, next-gen SOC-as-a-platform offering, which includes people, process and technology. SOCaaP offers full white-label capability that makes it easy to add managed security services to a portfolio. The platform empowers any Managed Service Provider (MSP) to turn into a full Managed Security Service Provider (MSSP) without upfront capital expenses or additional hires, driving additional high-margin monthly recurring revenue (MRR) and growth. “With SOCaaP our MSP customers can become MSSPs overnight without major upfront investment,” Ben Vadgama, Head of Cyber Channels at Westcoast Limited, said. Comodo’s Dragon platform with Advanced Endpoint Protection (AEP) is a complete cloud-native framework that delivers a zero-trust architecture to protect and defend endpoints. Its patent-pending auto containment technology has active breach protection that neutralizes ransomware, malware and cyber-attacks. The auto containment runs any unknown executable in a kernel API virtualized mode, thereby offering attack surface reduction (ASR) which neutralizes ransomware attacks. The Dragon platform also utilizes a Default Deny security posture with Default Allow usability to provide a most comprehensive protection against zero-day threats, while having no impact on end-user experience or workflows. Comodo’s Valkyrie analyzes and gives a trusted verdict for every file – no other company will analyze and give trusted verdict for 100% of the files on a network. Comodo’s platform shares intelligence and is therefore more secure than disparate products that claim best of breed but don’t share information. Comodo has architected its cybersecurity product to maximize intelligent sharing between every component of the platform, therefore providing superior security. “The Dragon platform is a one-stop solution for an important element of cybersecurity that, for too long now, has been reliant on legacy renewals and a client's lack of choice for something new, different, better and more cost-effective,” Steve said. Comodo’s Managed Detection and Response offering is a 24/7 Security Operations Center delivered as a Service (SOCaaS). It provides a team of security researchers that extends a company’s IT team to safeguard IT systems and infrastructure. Using Comodo SIEM and endpoint management technologies along with threat intelligence from the Comodo Threat Lab, our security experts hunt for vulnerabilities, continuously monitoring IT systems for indications of compromise, and contain advanced threats. We work closely with IT teams to prioritize and fix security flaws and remediate issues. Alan Knepfer, President and Chief Revenue Office at Comodo said, “We’re grateful that partners like Westcoast Limited trust in us to provide total cybersecurity requirements to the customers that they serve. Comodo’s groundbreaking technology and disruptive innovations will provide the most comprehensive defense against threats for the UK marketplace.” About Westcoast Established in 1984, the Westcoast Group remains privately held with its distributor arm, Westcoast Limited, distributing leading IT brands in the UK and beyond. Since then Westcoast Limited has grown to become the number one UK distributor for many of our vendors and customers. The Westcoast Group employs more than 1,600 people across a number of locations in the UK, Ireland and Europe. Thanks to the hard work and dedication of our staff, the Group is flourishing. Our revenues have seen a sharp increase in recent years reaching nearly $4 billion in 2019. We are consistently ranked in the Sunday Times Top Track of the 100 Largest Privately-owned UK Companies, and are now the largest privately held business in the Thames Valley region. About Comodo Comodo is the world’s leader of next-generation open source cybersecurity, with the industry’s most disruptive innovations. We help customers stop breaches with groundbreaking auto containment technology that neutralizes ransomware, malware and cyber-attacks. Our complete cloud-native framework delivers a zero-trust architecture with active breach protection for the most comprehensive defense against zero-day threats. Comodo’s cybersecurity products maximize intelligent sharing between every component of the platform, therefore providing superior security. We are the only company that analyzes and gives a trusted verdict for 100% of files on a network. Comodo leverages innovation to celebrate and support the cybersecurity community by offering the very first open source endpoint detection and response (EDR). We believe that an open source model using community-powered collaboration will ensure that every organization has access to the industry’s most sophisticated EDR. Headquartered in Clifton NJ, Comodo’s global development team and threat intelligence laboratories deliver innovative, category leading, security solutions for thousands of companies’ endpoints, network boundaries, and internal networks. For more information visit https://www.comodo.com/ Contact Details Carolyn Muzyka +1 973-859-4000 carolyn.muzyka@comodo.com Company Website http://www.comodo.com

October 05, 2020 10:03 AM Eastern Daylight Time

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Convey Services Launches Virtual Event Platform Exclusively for Sales & Annual Conferences

Convey Services

Convey Services , a SaaS solutions company, today expanded its Cloud Conventions product line by launching Cloud Kickoffs™ , an online portal solution exclusively for sales and annual conference management. Cloud Kickoffs brings elements of a live sales kickoff or conference into a virtual environment to promote engagement, make connections and support team interaction. It’s content-rich experience maximizes the effectiveness of virtual events for yearend or sales kickoff programs. “Canceling live annual meetings or sales kickoffs has become a reality, but it doesn’t mean that those events can’t be effectively executed virtually,” said Carolyn Bradfield, CEO of Convey. “In many ways you can achieve better, more focused results without the time and expense of bringing everyone together physically. Using Cloud Kickoffs, the management team can align the organization around a common strategy, allow remote teams to foster relationships and at the same time deliver and reinforce critical training. Cloud Kickoffs helps you deliver the tools needed to succeed and provides access to training and content long after the live event is over.” Cloud Kickoffs manages live and on-demand education, brings teams together for forum and roundtable discussions, promotes one-on-one connections and offers a platform for networking and social interaction. After a Cloud Kickoffs event is over, the portal can retain its structure, extend the life of content and training and easily be repurposed for virtual sales events throughout the year. A virtual kickoff event can be fully managed by Convey or by your sales or marketing team. “Sales staff or association members look forward to annual conferences because they value the insights, connections and opportunity to walk away energized with a clear focus for the coming year,” added Bradfield. “Cloud Kickoffs provides an efficient solution to bring teams together virtually, saving tens of thousands on logistics planning, travel and entertainment.” Cloud Kickoffs comes complete with templates for branding, delivering email messaging, creating attendee dashboards, setting-up live and virtual sessions and gamification while always tracking attendee engagement. It’s designed for the non-technical user and doesn’t require any coding or development. Participating partners and sponsors can have virtual booths that remain intact or can be refreshed for future events. Each portal has online training and a support database to answer frequently asked questions. Sales and event managers can experience Cloud Kickoffs by visiting https://cloudkickoffs.com or explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com . About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Cloud Kickoffs™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

October 01, 2020 11:55 AM Eastern Daylight Time

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Fear of Children Falling Behind Pushes Worried Parents To Seek New At-Home Supplemental Learning In Key Subjects

Osmo

With quarantine continuing to keep many of the nation’s children at home through the fall semester, many parents worry about their child falling behind in key subjects, even if their kids are engaged in some form of distance learning. To prevent delayed learning in subjects like math, some parents are hiring private tutors, others are homeschooling , and many are seeking more affordable supplemental learning options. Osmo’s new curriculum-inspired Math Wizard series is such an option--it allows kids 6-8 years to experience math through fun, hands-on, narrative- and adventure-driven games, where kids actually learn math, by touching, manipulating, and experimenting how it is used everyday. These self-paced games help kids build confidence and understanding in what they are learning, and are perfect for digital learning at home. ( Video ) “Exhaustive research shows that using manipulatives help children learn math, especially in the areas of counting, place value, computation, problem-solving, fractions, and more,” says Pramod Sharma , CEO of award-winning STEAM brand Osmo . “Rather than teach kids to memorize formulas and processes, Osmo Math Wizard games offer a hands-on approach, combined with digital learning, to allow kids to think creatively and solve problems on their own--a hallmark of all Osmo games, while compelling narratives and adventures keep them continuously engaged without their realizing they are learning.” Games Help Alleviate Math Anxiety In addition, the pressure to learn math creates anxiety for students, parents, and even teachers, according to research , where almost 50% of elementary school students , 20% of U.S. adults, and 25% of teachers face math anxiety, which may start as early as kindergarten. Math Wizard games help to alleviate some of this commonly-felt anxiety, by allowing children to learn in a self-paced environment. Targeted hints are built into game play to help struggling learners, nudging them in a way to discover a correct answer, so they do not disengage. “ Math Wizard makes adding and subtracting numbers, along with measuring, so fun, approachable, and un-intimidating, which makes a huge difference for a child who may feel apprehensive about math, while lessening anxiety for parents who feel obligated to teach their child math,” adds Sharma . “The games are not perceived as a task or test that puts students in direct competition with peers, too.” The first two titles in the Math Wizard series, which launch Oct. 1, 2020, are Magical Workshop and Secrets of the Dragons . The series is intended for Grades 1-2 (ages 6-8 ). Magical Workshop (available for iPad and Fire; retail $59.99 at playosmo.com and Amazon.com ), is an addition and subtraction adventure, where kids brew potions with dragon claws and sparkle dust to master place value, and they continue their quest by counting balloons to help dragons fly! Magical Workshop contains a collection of 4 games and the box contains: 1 Mixing Mat; 2 Sticker Sheets; 1 Spell Book; 28 Counting Cubes; 6 Counting Rods. The 4 games are: Potions! - Learn addition and subtraction while mixing up potions with your trusty mixing mat, rods and cubes. Dragon Drop - Use a vertical number line to attach balloons to dragons for flight. Magical Flight - Travel on a magic broom to rebuild castles all over Wyverndell. A construction crew will help out, but double-check the count of materials. Wyverndell Express - Operate your own dragon courier business! Solve math word problems at every train station to unlock new routes. Kids will learn: Addition and subtraction within 120 Counting and place value Comparing numbers Next, Secrets of the Dragons (available for iPad and Fire; retail $59.99 at playosmo.com and Amazon.com ) allows kids to learn and master measurement at their own pace, where they explore the Dragon Reserve and its outlying biomes. As dragon scouts, they discover new dragons, measure, and feed them based on their size. They can earn merit badges to become a master scout. The box contains: 1 Dragon Guidebook; 2 Rulers; 62 Food Tokens. Kids will learn: How to use non-standard units to measure How to use ruler to measure Estimating length Adding lengths The next two releases in the series will debut in March 2021. The Math Wizard series will be available in Canada in January, 2021. About Osmo Osmo is an award-winning STEAM brand whose products are used in over 30,000 classrooms and 2.5 million homes. It is building a universe of hands-on play experiences that nourish the minds of children by unleashing the power of imagination. The company brings physical tools into the digital world through augmented reality and its proprietary reflective artificial intelligence. Founded in 2013 by ex-Google engineers Pramod Sharma and Jerome Scholler, the Osmo Play System fuses digital gameplay and physical interaction to create fun and nutritious play experiences designed for all kids. Osmo is headquartered in Palo Alto, California. Learn more at playosmo.com . Contact Details Karen O'Dell +1 310-251-0550 karen@playosmo.com Company Website http://www.playosmo.com

October 01, 2020 04:30 AM Pacific Daylight Time

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Homegrown: UK premium CBD brand, Infused Amphora launches

Infused Amphora

British premium CBD wellness brand Infused Amphora launches today. Their product range includes a variety of vape cartridges designed to address and capture the needs and moods of society. Everything from tackling anxiety, muscular aches and stress to helping inspire, calm and focus minds. The cartridges were designed in collaboration with Vessel Brand, an industry leading California-based vape hardware company. The launch features four premium CBD-infused cartridges: INSPIRE : delivers an earthy and herbal vibe with lilac undertones, and a lemon-pepper nose. Allowing you to brainstorm, be unique, think differently or create a masterpiece. PEACE : combines a sweet woody flavour with a tickle of green peppercorn and a clean grapefruit finish. You will feel the embrace of a warm hug that removes the edge off stress. MEND : allows you to slip into a relaxing bath of sweet stone fruits, savoury herbs and a pine finish. Find relief from tension and release muscular aches and pains. ZZZ : offers the sensation of walking through a forest after the rain. Like the perfect cup of tea to be taken at bedtime - hints of juniper and lemon. Infused Amphora’s CBD products enhance health, wellness and help achieve personal lifestyle goals through their pesticide-free, non-intoxicating and THC-free CBD cartridges. All products contain two simple ingredients, 100% organic CBD distillate and plant-sourced terpenes. Products retail at £35 and are launching with a 20% discount at £28 each, for a limited time. All Infused Amphora products are rigorously third-party lab-tested* for content and purity. Angus Taylor, CEO of parent company, Infused Products International LTD, commented: “Infused Amphora is about creating an unmatched customer experience by offering easy to understand products that deliver a specific and predictable experience such as athletic recovery, sleep, inspiration, and tranquility. We are aiming to grow this international brand to 24 exciting products in 2021. We’re on track to build our own supply chain and will be able to quickly move high quality products to market that meet the needs of our customers. We will use the UK as a launch pad to expand and enter additional international markets, such as Brazil and India, next year”. On the partnership with Vessel Brand, Angus Taylor added: “As Infused Amphora thoughtfully considered its entry into the UK market, we intentionally sought out the best-in-class market partner, Vessel Brand, a company with complimentary visions of supporting mental and physical health through an exceptional customer journey. Premium CBD is at the core of our customer experience, it’s a crucial step of many that also includes third-party testing to guarantee compliance, education, premium hardware technology and unparalleled customer service.” James Choe, CEO and Co-Founder Vessel Brand, Inc. commented: "We are honoured to partner with Infused Amphora because of their dedication to quality product and their willingness to challenge the industry status quo by designing a better experience for every customer. We’re seeing countless CBD-related brands hitting the market but majority of them are battling for the customer’s attention with the same commodity offering, or in some cases, a step up with fancy packaging. “The customer experience needs to push well beyond this. ‘Premium’ in our eyes, has little to do with a price point and everything to do with delivering on a brand promise - the customer experience doesn’t end at the point of quality consumable product, that is just the beginning. The thoughtfulness to extend the experience to the battery that powers your oil, the control you have over your consumption, the way you charge and store your oil, and how you feel when you interact with their support team - that is what makes their offering compelling and that shared philosophy is what makes our partnership so strong” added James Choe . * Each product comes with a Certificate of Analysis from an accredited testing lab. Notes to the Editor For further information please contact the Amphora press office: Bilal Mahmood on b.mahmood@marketfinance.com or +44 (0) 20 3640 7759 and +44 (0) 771 400 7257. About Infused Amphora Infused Amphora is a premium CBD wellness brand formulated in the UK. It is owned by Infused Products International LTD, a global health-and-wellness product business. Infused Amphora is dedicated to providing all-natural, symptom-targeting and high-quality CBD products. Elevating users on their wellness journeys, each product is designed with a specific purpose, whether it’s sparking creativity, relieving stress, calming their thoughts before bed, or soothing muscle aches & pains. With only two simple ingredients (CBD distillate sourced from 100% organically grown hemp and plant-based terpenes to supply that beneficial entourage effect) we keep our customer’s health as our top priority. All of our products have zero harmful additives & solvents, are nicotine-free, pesticide-free, and THC-free to ensure no intoxicating effects, just pure bliss in every breath. Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@marketfinance.com Company Website https://www.infusedamphora.com/

September 30, 2020 07:00 AM Eastern Daylight Time

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Sutro Connect and Sani Marc Group Announce Strategic Partnership

Sutro Connect

Sutro Connect, a leader in smart water monitoring technology, is excited to announce a strategic partnership with Sani Marc Group, the experts in sanitation solutions. The strategic partnership will support Sutro’s North American rollout, first in the US, and then in Canada. This partnership is the critical next step in Sutro Connect’s rollout of their Smart Water Ecosystem which includes: Smart Pool Monitor, Spin Dock-tor, and Treatment Recommendation Engine (TRE). “The Sani Marc Group is a leader in water treatment products,” said Ravi Kurani, CEO of Sutro. “To have them as a strategic partner is an honor. Their support over the last year has made it possible for us to launch the Smart Monitor, build our Smart Water Ecosystem, and now widely rollout our award-winning products to eager customers and partners.” Smart Water Ecosystem The biggest challenge in enjoying your pool (or spa) is to make sure that the water is safe and clean. It can be a complex process to ensure that everything is taken care of. With the Sutro’s Smart Water Ecosystem, pool owners, retailers, and pool professionals can all have access to water testing data. This allows everyone to solve water issues before they get out of hand and become expensive. “We are excited to partner with Sutro Connect,” said Pierre Goudreault, CEO of Sani Marc Group. “Clean water is essential to enjoying life and we are committed to making safe and clean water a reality for everyone. Technologies like Sutro’s Smart Water Monitor are the types of projects we love and are looking forward to helping Sutro roll out their products in North American and beyond.” Beyond Just Pools Water is a precious resource that is becoming harder and harder to keep safe and clean. The Sutro Smart Water Ecosystem is the first step in managing this precious resource. Pools and spas are the perfect microcosms in which to build a comprehensive database about water. With this knowledge, the best practices of pool water management can be applied to the rest of the world’s water -- thus making it safe. About Sutro At Sutro , we want to radically shift the way that humans consume, treat, and analyze water through sensors, data, and applications which allow us to sustainably ensure the safety of water for generations to come. Our Smart Water Ecosystem for pools (and spas) is the first step to realizing our vision of a world with safe water for everyone. About Sani Marc Group In addition to manufacturing cleaning products, distributing equipment and accessories, the Sani Marc Group supports you in optimizing your cleaning and sanitation operations in these markets: food & beverage, commercial, institutional, industrial, pool, and spa. Contact Details Jarie Bolander +1 415-480-3663 jarie@jsypr.com Company Website https://mysutro.com

September 29, 2020 08:00 AM Pacific Daylight Time

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Introducing the World's Only SOC-as-a-Platform (SOCaaP)

Comodo

Contact Details Carolyn Muzyka +1 973-859-4000 carolyn.muzyka@comodo.com Company Website http://www.comodo.com

September 28, 2020 11:02 AM Eastern Daylight Time

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Steve N. Economou Joins G-Squared Partners to Launch Investment Banking Practice

G-Squared Partners, LLC

G-Squared Partners, LLC announced today that Steve Economou has joined the firm as a Managing Director, M&A to establish an investment banking practice. The new practice – a natural extension of G-Squared’s outsourced CFO, finance, and accounting work – is dedicated to offering skilled investment banking services to middle market companies that are often underserved by national investment banking practices. The effort will focus on M&A advisory services, capital raising, recapitalizations, and evaluating strategic alternatives for these businesses. Steve brings more than 35 years of corporate finance experience to G-Squared, including investment banking, venture capital, private equity, capital raising, and mergers and acquisitions. He began his career with one of the leading investment banking boutiques in Philadelphia and subsequently worked in the investment banking subsidiaries of a global commercial bank and two large CPA firms. Steve has advised on more than $2 billion of transaction value and completed more than 100 board and strategic advisory engagements. With his expertise, G-Squared is now capable of advising firms throughout the entire financial lifecycle from start-up to exit. This includes outsource CFO, capital formation, recapitalization, efforts, preparing for a sale, assessing buyout offers, and initiating a sales process. Gene S. Godick, CEO of G-Squared, said, “Steve is a great fit for G-Squared, our team, and our clients. We have been receiving more requests from clients to assist them with M&A and raising capital. Adding Steve to the team to spearhead our investment banking practice complements our work in accounting, finance, and operations. We now are able to offer a full array of services that provide family-owned and entrepreneur-owned businesses with strategic financial expertise. Said Steve: “I am excited to join a rapidly growing entrepreneurial firm truly dedicated to supporting entrepreneurs and investors. Gene and I have known each other for twenty years, and I could not pass up the opportunity to join the team at G-Squared.” G-Squared Partners is a leading outsourced CFO, finance, and accounting team. G-Squared has been a member of the INC 5000 company list for the past four years. The firm provides strategic financial, accounting, operational, and investment banking expertise to CEOs and investors who recognize that an outsourced finance team can accelerate their success. G-Squared has a demonstrated track record of success in improving financial reporting, enhancing profitability and working capital, securing funding, and supporting transactions. G Squared clients are national and focused in SaaS, technology enabled services, professional services, and growing consumer products companies. Securities Products and Investment Banking Services are offered through BA Securities, LLC. Four Tower Bridge, 200 Barr Harbor Drive, Suite 400, W. Conshohocken, PA 19428. (P) 877-738-5841. Member FINRA SIPC . G-Squared Partners, LLC and BA Securities, LLC are separate, unaffiliated entities. Contact Details Gene Godick +1 215-284-4903 ggodick@gsquaredcfo.com Company Website https://www.gsquaredcfo.com/

September 28, 2020 07:03 AM Eastern Daylight Time

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