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Asure (NASDAQ: ASUR) Reports Strong Q3 2022 Earnings - Management Upbeat with Encouraging Top & Bottom Lines

Benzinga

Asure Software, Inc. (NASDAQ: ASUR), a cloud services provider in the Human Capital Management (HCM) industry, posted stellar Q3 2022 financial results at a time when Wall Street is unforgiving to slips in execution. With persistent inflation and a potential recession in 2023 on the horizon, small and medium-sized businesses (SMBs) crave efficiency. That’s made Asure’s HCM solutions more relevant than ever. The HCM company is also seeing benefits from record-low unemployment, which continues to offset any potential recession impact and higher interest rates help Asure generate float revenue. In a sense, some of the bad headlines dominating the financial news over the past year are positive for Asure’s business model, as they act as a hedge against recession. Recent News and Accomplishments During Q3 2022 Management’s strategy centers around increasing its number of integrations and partnerships to help SMBs cut costs and streamline their back office operations. HR solution provider PrismHR will now offer Asure’s Payroll Tax Management Services and FlexTax platform to its client base of over 80,000 organizations. "This new partnership provides an opportunity to significantly expand our payroll tax business into the PEO and ASO markets while enabling PrismHR to provide an alternative, standalone tax filing solution that complements their existing HR portfolio,” said Pat Goepel, Chairman, and CEO of Asure. “Our deep expertise in the complex landscape of payroll taxes uniquely positions Asure to deliver not only a user-friendly software solution to PrismHR’s customers but also the experienced counsel and support of a knowledgeable team of payroll tax experts." Asure recently entered into collaboration with Equifax and its The Work Number tool, which is available to its software users for income and employment verification. This approach to both provide its IP and leverage the technology of other providers when appropriate has allowed for Asure’s growth to be 100% organic as opposed to through acquisitions. “Equifax brings deep expertise in verification services, and through our integration with The Work Number, we’re delivering significant benefits to our 80,000 small business customers and reseller partners and their employees,” said Pat Goepel, Chairman, and CEO of Asure. "Employers will no longer have to spend time manually responding to verification requests, and their employees will have instant access, more seamless verifications in support of important life events." During Q3 2022, Asure expanded its tax filing capabilities to help CPA firms and tax pros to streamline services for the high-demand Employee Retention Tax Credit (ERTC), which is a COVID-era policy that provided businesses up to $26,000 per retained employee. Asure’s solution helps automate back-office transactional processes of calculating the compliant tax credits and filing the necessary quarterly amended returns to qualify for the ERTC. At Asure, we’re always seeking new ways for technology to support small businesses and the organizations that serve them. Our CPA partners were telling us they couldn’t keep pace with the volume of administrative work associated with ERTC demand. Our technology automates the back-office ERTC work so they can focus on high-value client work,” said Pat Goepel, Chairman, and CEO of Asure. “We’re excited about this new technology’s ability to help drive organic growth as it allows us to serve even more payroll and non-payroll clients alike.” Lastly, Asure announced the expansion of 401(k) plan options for small employers with an additional 80+ provider integrations. This helps SMBs to remain competitive in attracting top talent by offering more enticing retirement benefits. Furthermore, the integration allows clients to sync the Asure payroll system with the 401(k) platforms to streamline enrollment, reduce dual entry, and retain compliance. “In today’s job market, prospective employees have high expectations, even from smaller organizations. Making it easy to offer 401(k) options for retirement savings is just one way that Asure is empowering our customers to be more competitive, while also removing administrative burdens,” said Pat Goepel, Chairman, and CEO of Asure. ASUR: Q3 2022 Financial Results Breakdown Revenue rose 22% year-over-year to $21.9 million during the third quarter of 2022 ended September 30, 2022. Even more impressive, total bookings, a forward-looking metric measuring the total value of all contracts signed, were up 91% year-over-year. Asure did post a net loss of $4.5 million during the quarter. This appears worrisome when you consider that the same quarter last year featured $5.3 million of net income. However, accounting without context can be deceiving. The $5.3 million net income in Q3 of 2021 was the result of a $10.5 million ETRC. A more reliable comparison would be the adjusted EBITDA reading. Asure’s adjusted EBITDA of $2.1 million, which excludes the ERTC tailwind, shot up 71% relative to the prior year period. In other words, operating expenses are shrinking relative to revenue, leading to more profitability. Progress on both the top and bottom lines. Q4 2022 and Full-Year 2023 Guidance Estimates Continued Growth Management not only raised revenue projections for Q4 2022 but shared their guidance for 2023 - a revenue growth target of 9-13% while increasing margins to 14-16%. Specifically, Asure Software estimates Q4 2022 revenues to come between $23.5 million and $24 million, with an adjusted EBITDA goal of $3 million to $3.5 million for the quarter. For the full-year 2022, the HCM services provider sees total revenue coming in between $90 million and $90.5 million on an adjusted EBITDA range between $10.5 million to $11 million. Looking forward to 2023, Asure sees revenue coming in between $98 million and $102 million. Asure continues to showcase its resilience. While many SaaS companies are bleeding, Asure’s retention rate and revenue per client both rose year-over-year. The company continues to be well-managed and disciplined, even as the overall economy sees some volatility and uncertainty. Asure is a volatile micro-cap tech stock on paper, but it’s becoming increasingly clear that small and medium-sized businesses are viewing the company’s services and technologies as essential, not as a discretionary expense. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash for the creation and dissemination of this content by the company.This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The post “Asure (NASDAQ: ASUR) Reports Strong Q3 2022 Earnings - Management Upbeat with Encouraging Top & Bottom Lines” first appeared on Spotlight Growth. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 16, 2022 11:35 AM Eastern Standard Time

Native Sportsbook Solutions Drives Future-Forward and Cost-Effective Engagement Solutions with Quarter4’s Artificial Intelligence

Quarter4

Native Sportsbook Solutions, the only Native American-owned sportsbook provider and operator that focuses on developing top-tier and profitable sportsbooks, today has announced it has selected Quarter4, an AI-powered sports and betting data engagement platform, to propel its goal of delivering the most innovative and profit-enabling solutions for sportsbooks. “We believe that engagement and retention are key drivers for sportsbook success. The interaction between users and the betting opportunities need to be unique and curated to prompt action. Quarter4 delivers some of the most unique and automated content and data solutions for our platform,” said Thomas Gilanyi, co-founder of Native Sportsbook Solutions. Quarter4 generates content and curated data via a validated, deep learning neural network. The system generates a predictive data point for every player and team in select college or professional sports. With up to 3 million probabilities produced daily, and updated no less than every 15 minutes, the non-biased insights deliver an intimate viewpoint for the bettor or fan. No-code widgets, in-game and pregame probabilities and a robust API reduce development costs and time-to-market for its B2B clients. “Native Sportsbook Solutions has a requirement to deliver quality solutions that focus on profitability for Tribes. This means that bettor engagement and retention are a prime focal point,” said Danijela Covic, co-founder and CSO of Quarter4. “Our seamless integration, tech-first approach and robust product offering is a perfect fit for this operator and their customers.” Cost, efficiency, engagement and retention are very important to Native Sportsbook Solutions. Tribal sovereignty is the ultimate goal through providing solutions that drive higher profits. Quarter4 is built to answer all of these operator requirements. “Cost-saving engagement and retention strategies are top-of-list for all of our customers. Automated technologies propelling these strategies will remain of utmost importance to us as we deploy our solutions,” recaps Thomas Gilanyi. “Through the integration of automation and AI, along with re-thinking vendor contracts and in-house technology, we are able to cut operator costs by up to 50%. The savings go right back to the Tribes.” About Native Sportsbook Solutions Founded in 2020, Native Sportsbook Solutions is the only Native American-owned sportsbook provider and operator with a focus on developing top tier, profitable sportsbooks by providing the lowest fees & lowest revenue share in the industry. Their approach is innovative sportsbook solutions and innovative sports betting infrastructures that lower sportsbook operating costs. About Quarter4 Quarter4 's Artificial Intelligence technology delivers over 3 million predictions a day. Proprietary insights, related to team and player performance, are available via multiple delivery methods. Sportsbooks, data providers, media agencies and affiliates are empowered with predictive analysis that is unique, personalized and non-biased. The data for pregame and in-game predictions is available via robust API, custom dashboard and most recently, via embeddable products such as brackets, player effect and injury impact simulators as well as seasonal and seeding probability widgets. Contact Details Bailey Irelan +1 614-795-3308 birelan@hotpaperlantern.com Company Website https://quarter4.io/

November 16, 2022 09:01 AM Eastern Standard Time

Goodera raises $10M to bring employee volunteering to workplaces around the world

Goodera

As organizations navigate hybrid work environments and seek greater opportunities to be good corporate citizens, employee volunteering programs are becoming a favorite for combining social impact and employee engagement. Scaling with this trend, Goodera, the leading employee volunteering company, is today announcing a $10M series A funding round to bring employee volunteering to every workplace. Investors in this round include Elevation Capital, Zoom Ventures, Xto10X, Nexus Venture Partners, Omidyar Network, Binny Bansal, and others. “ Goodera has reimagined volunteering to meet the needs of the evolving workforce. Their inspiring growth makes me hopeful about a future where employers embrace action on important causes like diversity, equity, and climate change. I am excited to support Goodera in this mission of engaging millions of employees in volunteering. ” said Ursula Burns, the former CEO of Xerox. Ursula is an investor and mentor to Goodera. Goodera executes virtual, hybrid, and in-person volunteering experiences for employees in 100+ countries and 20+ languages across multiple causes - education, climate change, diversity and inclusion, accessibility, etc. benefitting 50k+ nonprofits. Goodera brings much-needed technology and innovation to the volunteering space. Goodera has grown into the market leader with over 400 customers like IBM, Target, EY, Amazon, and other leading brands, including 60 from Fortune 500. Goodera eliminates the friction and overhead of volunteering management for enterprises. Through Goodera, enterprises can provide on-demand, impactful and engaging volunteering experiences to employees worldwide. Some volunteering experiences include – reviewing resumes of BIPOC youth, assembling solar lamps for the homeless, planting trees, and cleaning up parks, among others. This important combination of social impact and employee engagement has seen adoption by companies in novel ways. New use cases include volunteering as a new employee onboarding activity, celebrating Holidays, as an agenda in town halls, and even as leadership and team-building exercises. “ Volunteering has become mainstream across companies of sizes, sectors, and geographies. It is the most meaningful employee engagement, especially for Gen Z and millennials. Goodera solves a massive need that was underserved and overlooked, especially in the remote and hybrid working environment. We are proud to be a customer and now an investor in their ambition to bring volunteering to every workplace,” said Sanjay Rao, Head of Corporate Development, M&A Strategy, and Zoom Ventures. “ Every team in the world wants to volunteer, but there is insane friction in the process. From finding the right nonprofit to finalizing the volunteering activity, logistics, and impact measurement, there are a lot of overheads. We simplify volunteering and eliminate these overheads. Millions of employees can now volunteer without spending time and effort on volunteer management. We are proud of the social impact we have created for thousands of nonprofits and relish the joy and empathy we bring to millions of employees. This fundraise will help us scale our infrastructure to enable millions of employees to volunteer,” said Abhishek Humbad, Founder and CEO of Goodera. As of today, Goodera’s platform provides access to 10M+ employees through their customers, and they aim to reach 100M+ employees by 2025. Goodera will invest the funds to scale its team, technology, and activity catalog. About Goodera Goodera is the world’s leading platform for employee volunteering. Goodera curates volunteer opportunities across causes from 50K+ nonprofits and hosts them as an engaging experience for employees. With presence in 100+ countries, their volunteering programs are making social impact accessible and engaging for employees in every workplace - in-person, remote, and hybrid. Goodera powers corporate volunteerism programs for 400+ enterprises, 60 of which are from Fortune 500. About Abhishek Humbad Abhishek is the Founder & CEO of Goodera, a leading employee volunteering platform. He has spent more than a decade building enterprises focused on social and environmental impact. Goodera aims to be the Airbnb of employee volunteering with Goodera and engage every workplace on the planet with their volunteer experiences Contact Details Goodera Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.goodera.com/

November 16, 2022 09:00 AM Eastern Standard Time

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Curb teams up with American Express to Give Back to NYC Taxi Drivers This Holiday Season

Curb

Curb, the leading ride-hailing app for licensed taxi and for-hire rides in North America, today announced a partnership with American Express ® (NYSE: AXP), the globally integrated payments company, to help give back to New York City taxi drivers this holiday season. Curb will launch a holiday rewards program for its taxi drivers, a workforce that plays an integral part in the city’s transportation system. American Express will provide support by funding American Express® gift Cards that Curb will manage and distribute to drivers through its rewards program, and could be used for gas or to make holiday purchases. In New York City, ten outstanding drivers on the Curb e-hail platform will be rewarded with a $500 American Express® gift Card each month. Curb’s rewards program will kick off the holiday season at the end of November and run through the end of April. “As a driver-first company, we recognize that taxi drivers are the backbone of not only our business, but NYC transportation as a whole, and we’re delighted to spotlight the hard-working drivers behind the wheel,” said Amos Tamam, Founder and CEO of Curb. “With the rapid development of ride-share businesses over the last few years, taxi drivers, many of whom have been driving for decades and have invested in this job through the purchase of a medallion, are small businesses in their own right.” “American Express is pleased to help support the taxi drivers of New York City during their busiest season,” said Tatia Adams Fox, Vice-President and General Manager in the National Client Group at American Express. “By teaming up with Curb, we’re able to help give back to the taxi drivers in New York City while also showcasing the importance of supporting local businesses.” In parallel, Curb has joined the Small Business Saturday® Corporate Supporter Program and will join American Express to raise awareness on the importance of supporting small businesses on Small Business Saturday (November 26) and all holiday season long through a marketing campaign that will run on the Curb app and on Curb’s in-vehicle TaxiTV platform. “These initiatives allow us to show more appreciation for drivers and encourage more people to support taxi travel this season, a small business service that has been consistent, reliable and supporting New Yorkers for decades,” added Tamam. “New York residents and those visiting the city can also feel encouraged to ride their local taxi to their nearest local shop or restaurant during Small Business Saturday.” To learn more about Curb, please visit gocurb.com About Curb Mobility Curb is reimagining urban mobility with a driver-first approach to ride-hailing. Bringing upfront pricing to the largest nationwide network of taxis and licensed for-hire vehicles, Curb provides unparalleled transparency to riders and drivers alike. Curb is connected to over 100,000 drivers in dozens of cities across the US and UK, powering millions of taxi rides worldwide and facilitating billions of dollars in payment transactions annually through its open mobility platform. Curb has built an innovative suite of products that provide a unified supply of taxis and licensed for-hire vehicles - the first of its kind to bring solutions for passengers, drivers, and fleet management. Their B2B services power millions of rides for transit agencies, healthcare providers, and businesses while also providing effortless payments and advertising that reaches captive audiences of millions on Taxi TV. About American Express American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports. Contact Details North 6th Agency for Curb +1 212-334-9753 Curb@n6a.com Company Website https://gocurb.com/

November 16, 2022 08:58 AM Eastern Standard Time

Yoshitsu’s London Warehouse To Assist In Fulfilling Increasing Demand In Europe

Benzinga

Yoshitsu Co. Ltd. (NASDAQ: TKLF), the Japanese retailer and wholesaler of beauty and health products, home goods and food, leased its first 2,362-square-foot warehouse in London. Leasing the warehouse is a significant move for the company, which has been enhancing its warehouse operations and solidifying its customer services to support global expansion in Europe. The warehouse, at Unit 5, Hanover West Industrial Estate, 161 Acton Lane, London, NW10 7NB, started operating on Oct. 25. It can keep up to 100 categories of products and store up to 50,000 items every one to 1½ months. The London warehouse comes a few weeks after the company leased its first warehouse of about 4,150 square feet in Texas, U.S. The new warehouse will improve access to inventory and augment customer services in the European region, Yoshitsu Co. Ltd Principal Executive Officer Mei Kanayama said of the recent development. "With the warehouse operation in London, we expect to effectively fulfill the increasing demand in the European markets for our products, boost our revenue in the region and improve our operating efficiency," Kanayama said. Europe's Beauty And Health Products Market In Europe, 72% of consumers use beauty and personal care products because they believe they are the key to maintaining a healthy and hygienic lifestyle, making the continent one of the world's largest markets for beauty and personal care products. Revenue for the market is expected to reach $119.7 billion in 2022, with a growth projection of $145.8 billion for 2023. By adding a new warehouse in Europe, Yoshitsu may optimize its fulfillment process and serve more customers quickly by shortening the delivery time, which could result in the company becoming a major player in the region. It also could reduce Yoshitsu's transportation costs, lower operating costs and increase the company's gross profit margins. About Yoshitsu Tokyo-based Yoshitsu has been in business for 15 years domestically and abroad. The firm has an extensive business network, including over 200 wholesale clients, numerous online stores in China, Korea and Japan, many company-operated stores in Japan and franchise stores in the United States, Canada, China (Hong Kong) and the United Kingdom. In addition to putting products in its retail and wholesale outlets worldwide, Yoshitsu says it also has its products stocked in many online stores across Japan, China (Hong Kong) and Korea. The company’s online stores, franchised stores and wholesale operations account for up to 95% of its revenue, which hit $221.51 million in 2021, up from $139.57 million in 2020. In the next five years, the firm plans to grow its sales by opening an additional 50 stores — 10 of these in Japan and another 10 spread across franchised locations in the U.S., Canada, Australia, China (Hong Kong) and the U.K. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 16, 2022 08:15 AM Eastern Standard Time

Hoonartek Expands its Presence into US

Hoonartek

Hoonartek a global data, lending and analytics service provider today announced its expansion in the US market with the opening of its first US center located in New Jersey. The launch comes along with the setting up of a new dedicated Ab Initio Centre of Excellence (COE) for the US, focused on innovation and solutions for existing and new clients in the region. This reinforces Hoonartek’s positioning as a preferred Ab Initio solution partner providing a full spectrum of offerings, including architecture & planning, program management, turnkey implementation, devops, and assurance, along with innovative managed services. The COE has been launched as part of Hoonartek’s larger strategy of extending their leadership capabilities in Ab Initio delivery and forging strategic collaborations in the US market focused on metadata automation, self-service, governance, cloud deployment, legacy transformation capabilities, and turnkey solutions. Speaking on the US expansion, Peeyoosh Pandey, CEO, Hoonartek, said, “The US is the centerpiece of the growth plan we have charted for ourselves. With a dedicated and skilled talent pool, robust infrastructure, and an estimated integration software market value of US$ 19.5bn by 2032, the US epitomizes the world’s most promising market for our services. We remain committed to contributing to this vast market by expanding our presence in the region. We offer innovative US businesses (and their offshore subsidiaries) excellence in delivering end-to-end solutions leveraging Ab Initio technology. With this launch, we are building on out over decade-long special relationship with Ab Initio in making our mutual US customers successful and replicating our success from the UK, Asia, Europe, and South Africa.” The Ab Initio Delivery COE will help Hoonartek drive actionable banking and digital-specific solutions and insights to help enterprises fully realize the potential of their data infrastructure. An 800+ consultants-strong boutique organization, Hoonartek is actively augmenting its talent in the US to scale its operations and drive technology solutions through the COE. Congratulating Hoonartek on the launch of the Ab Initio Delivery COE and US expansion, Ab Initio Head of International Operations, Alan Parker said, “For over a decade, Hoonartek has been a trusted Ab Initio partner and has deployed transformative Ab Initio centric solutions for many customers. We believe their focus on innovation, delivery and quality will continue to make our mutual customers successful. With exciting new releases coming from Ab Initio in cloud, data fabric, and active metadata our customers will have more opportunities than ever to benefit from Hoonartek’s expertise and add value to their operations.” The new center will leverage Hoonartek’s innovative accelerators and frameworks for Ab Initio to drive automation, self-service, governance, cloud deployment, and legacy transformation. The suite of accelerators will help customers and their business stakeholders rapidly deploy modern data fabric-centric architectures. “We are constantly looking to help our customers be successful. We aim to do this by helping our customers make more out of their existing investments in Ab Initio and complementing our background in lending, cloud, and building data/metadata products,” Pandey further added. Hiren Thakkar, CTO, Hoonartek said, “High-performance data platforms are increasingly becoming necessary for the growth of complex organizations. These platforms are critical for business agility, automation and self-service and should have the potential to adapt to new realities in the ever-evolving world of business computing. Our capabilities in true transformative data engineering and our skilled devops teams put us in a strong position to help clients understand huge amounts of changing data, enabling them to make insightful decisions and automate solutions leveraging the power of Ab Initio. The launch of Hoonartek US Ab Initio Delivery COE will position us closer to our customer teams onsite and help us leverage our market expertise with them in their journey of excellence.” Contact Details Consocia Advisory Som Sengupta +91 88618 22111 ssengupta@consociaadvisory.com Company Website http://www.hoonartek.com/

November 16, 2022 08:00 AM Eastern Standard Time

IBM and Algorithmiq join forces to pave the way toward useful quantum advantage for quantum chemistry

Algorithmiq

Algorithmiq, a Helsinki-based quantum computing startup, has entered into an engagement with IBM to progress in its exploration of quantum algorithms that attempt to solve complex issues in life sciences. This collaboration brings together IBM's world-leading hardware, software and quantum applications expertise with Algorithmiq's cutting-edge algorithm developers, to explore ways to dramatically cut the time and cost of drug discovery and development. The work will also contribute any work produced to Qiskit, an open-source SDK for quantum computers, with the aim of promoting and developing this nascent ecosystem. As part of the engagement, Algorithmiq will become part of the IBM Quantum Network. IBM’s researchers are collaborating with Algorithmiq to address how to overcome the main bottlenecks in today’s noisy quantum hardware, such as limited speed, accuracy, and scale, for large quantum chemistry simulations. Algorithmiq’s novel measurement techniques have shown to greatly reduce runtime in hybrid quantum-classical algorithms. In addition, Algorithmiq’s post-processing strategies for error mitigation have shown to significantly improve the accuracy of quantum chemistry simulations. Therefore, this collaboration looks to yield promising results to boost the performance of quantum algorithms on near-term quantum technology. Founded by a team of world-leading academics in the field, Algorithmiq is focused on leveraging the power of quantum computing so that new drugs can be explored and eventually brought to market, and cost-effectively, leading to precise medical treatments. On average, it currently takes around a decade and $1 billion for a new drug to get to market. Algorithmiq's advances are estimated to reduce the time-to-market of new, more efficient and less harmful drugs, significantly. Algorithmiq's mission is to prevent and cure diseases by exploiting the power of quantum computing combined with a complex systems approach to drug discovery and development. Sabrina Maniscalco, CEO and co-founder of Algorithmiq: “We are delighted to collaborate with IBM as we look to combine our world-leading quantum algorithms with IBM’s best-in-class hardware and quantum chemistry expertise toward realising the full potential of the technology for quantum chemistry simulations. Quantum computing holds the key to revolutionising the process of drug discovery and development. We couldn’t be more thrilled to be collaborating with a giant of the technology industry in our pursuit of this mission, placing ourselves at the forefront of innovation and the race to prove useful quantum advantage in the space.” Guillermo Garcia Perez, CSO and co-founder of Algorithmiq: “ Whilst unleashing the full power of quantum simulations will likely require fault-tolerant quantum computers, near-term devices like those developed by IBM, combined with our novel algorithms based on informationally complete data, are today already showing progress toward the demonstration of a quantum advantage for chemistry. This is a steppingstone for any application of quantum computers to Life Sciences.” Ivano Tavernelli, Global Leader for Advanced Algorithms for Quantum Simulations, IBM Research: “IBM believes the demonstration of quantum advantage in areas such as quantum chemistry is possible this decade. So, we are excited to collaborate with Algorithmiq in our efforts to push the industry forward, and we are glad to see the promising results they have achieved to date in improving the performance of near-term quantum algorithms. We are glad to support Algorithmiq’s ambition through the IBM Quantum Network, and believe that the company’s work could be pivotal in carving a path towards demonstrating quantum advantage with near-term quantum algorithms.” About Algorithmiq Algorithmiq develops software and quantum algorithms to solve complex issues in life sciences, with the mission to significantly reduce the time and cost it takes for pharma companies to bring new drugs for diseases to market. Based in Helsinki, the company is led by a team of ambitious, world-leading academics in quantum computing and is one of the only software companies specifically focused on optimising algorithms for NISQ to impact the drug discovery pipeline. In February 2022, the startup announced a $4m seed round backed by investment from Tiger Global, K5 Global and numerous angel investors. Alongside Co-Founder and CEO Professor Sabrina Maniscalco on Algorithmiq’s Board are:- Co-Founder and DeepMind advisor Dr Jussi Westergren; Jorma Ollila, former CEO and Chairman of Nokia; and Haakon Overli, founding General Partner at Dawn Capital, who sit on the board. About IBM For more information, visit https://www.ibm.com/quantum Contact Details Algorithmiq Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://algorithmiq.fi/

November 16, 2022 06:00 AM Eastern Standard Time

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Holiday Kickoff with Tech Life Expert Stephanie Humphrey

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

November 16, 2022 06:00 AM Eastern Standard Time

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Stagwell (STGW) Agency Assembly joins The Attention Council

Assembly

Omnichannel media agency Assembly, part of Stagwell (NASDAQ: STGW), has joined The Attention Council as an agency member, further bolstering its commitment to meet the mixed media demands of its burgeoning global client cohort. The Attention Council is a coalition of advertising technology companies committed to promoting attention as a primary metric for understanding advertising and increasing advocacy for the wider adoption of cross-platform attention metrics in the planning, buying, and selling of media. Andy Brown, CEO of TAC, commented, “I am delighted to welcome Assembly to The Attention Council. They join at a time of major growth for use of attention metrics in the media and marketing industry. I look forward to them playing an important role in the evolution in the coming years”. Joel Coppersmith, Global Head of Measurement & Effectiveness at Assembly, added, "The media landscape has evolved and so have the ways in which consumers and media interact. There is a lot still to learn as we seek ways to improve the effectiveness of media and advertising at driving business outcomes.” “The value and use of attention and attention-based metrics is a fascinating, and hotly debated, topic that may shed light on how we can deliver better advertising, and Assembly is delighted to be part of driving that conversation forward". ABOUT ASSEMBLY: Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. Visit www.assemblyglobal.com Contact Details Assembly Gunilla Huddleston, VP of Marketing, EMEA gunilla.huddleston@assemblyglobal.com Company Website https://www.assemblyglobal.com/

November 16, 2022 04:00 AM Eastern Standard Time

Technology