Digital Asset DirectSociety Pass Incorporated
Contact Details Dennis Nguyen: Founder, Chairman & CEO +1 877-440-9464 dennis@thesocietypass.com Company Website https://thesocietypass.com
October 12, 2022 08:20 AM Eastern Daylight Time
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News ReleaseBlend Labs Inc.
Home equity in the United States hit record levels this year, exceeding $29 trillion in the second quarter, according to the Federal Reserve. That represents a gain of nearly 28% in equity year over year, with the average homeowner gaining about $60,200 in equity. But sky-high inflation and a clunky, outdated lending process have made using that equity difficult for many homeowners. These opposing forces are creating increased demand for financial products — especially home equity lines of credit (HELOCs) — that allow homeowners enjoying near-unprecedented home equity gains to tap into that new equity while banks struggle with an outdated, largely paper-based application process to approve new HELOC and home equity loan requests. That’s why companies like Blend Labs Inc. (NYSE: BLND) are working to digitize the home equity lending space. The cloud-based software platform turns a slow, 30-plus step process from application to funding into a quick process that can be completed in about three steps. HELOC Demand Is Surging, But Banks Are Still Relying On Outdated Paper-Based Applications HELOC volume surged almost 50% in the first half of the year, as the revolving line of credit with a variable rate and, usually, no origination fee is more attractive than a cash-out refinance for borrowers who locked in historically low rates on their original mortgage in the last few years. Homeowners are looking to leverage this spike in home equity to consolidate high-interest debts into lower-interest home equity lines of credit, make home renovations that could increase equity even further or use as a down payment on a second property to build up a real estate portfolio. That increase in HELOC volume is likely also thanks to the introduction of digital or tech-based solutions to the mortgage space that make it easier for customers to shop around for financial products, compare rates and offers and complete the application process. Traditionally, home equity lending has been slow to modernize, relying on a paper-based process with an average of 30 or more steps between application and funding that can take over 45 days to close. A lot of this is because of the clunky manual process on the bank’s side that leaves the customer waiting while a banker reviews the application, verifies assets and income, pulls credit, requests documents and so on. To meet the increasing demand, banks with the help of fintechs are finally taking this opportunity to update and digitize that process so homeowners can tap into their equity faster and more easily. Figure Technologies Inc. (NYSE: FACA.U), for example, is using blockchain technology to record and exchange data about a loan, automating much of the manual process that used to be needed. Meanwhile, Button Finance is using artificial intelligence to speed up the decision-making and funding process for home equity loans. Blend Instant Home Equity Brings Much-Needed Digitization to Home Equity Lending Blend Instant Home Equity is the latest from a company determined to bring digitization and tech-based solutions to the real estate and mortgage industries. The new product incorporates some of Blend’s existing software, like its Blend Income Verification and remote online notarization platform, to create a faster and more cost-effective alternative to home equity lending. The automated end-to-end product integrates identity and income verification, property appraisal, title, decisioning and notarization to cut the time and costs associated with processing a home equity loan application. For bankers, this makes it possible to generate a personalized offer for homeowners, approve it instantly and close it in a matter of days rather than weeks. For consumers, this means they can now easily access their home equity for things like debt consolidation and more. Unlike other fintechs in the home equity lending space, Blend uses modular architecture that makes it easy to develop new banking products that all integrate into one platform. This allows banks to digitize more of their services without relying on multiple pieces of software that may not integrate with each other. Banks incorporating the new Blend Instant Home Equity product can easily add its mortgage and other lending software. That ecosystem approach seems to be working, too, as Blend reports that 71% of its current customer base uses two or more Blend products. As competition in home equity lending heats up, banks are going to need digitization tools like these to handle larger volumes of applications while avoiding the long wait times that could drive customers to competing lenders. Powering the Future of Banking Blend is the infrastructure powering the future of banking. Financial providers—from the largest banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This article contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this article may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships. The forward-looking statements contained in this article are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this article are based on information available to Blend and assumptions and beliefs as of the date hereof. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Contact Details Investor Relations IR@blend.com Company Website https://blend.com/
October 12, 2022 08:00 AM Eastern Daylight Time
News ReleaseLawPay
LawPay, the leading online payment solution for legal professionals, announced a new integration with cloud-based bankruptcy management software, Jubilee by LegalPRO Systems Inc. This integration will allow firms to securely process payments, set up recurring billing plans, pay invoices, and run reports via the LawPay merchant services infrastructure. Credit, debit, ACH payments, and refunds are input into the JubileePro interface while the data is encrypted via LawPay’s secure tokenization service before being sent for processing. “Working with LawPay has been a pleasure as their team has been incredibly responsive and easy to work with”, said Keith Crusius, President of LegalPRO Systems Inc.”I have no doubt our clients will be happy with their service.” The integration is significant for the LegalPRO and JubileePRO teams due the high demand of clients requesting LawPay payments. LawPay has been a leader in the industry for over a decade, and is a longtime partner of the NACBA, which is important to the LegalPRO client base. “We are excited for LawPay to partner with the LegalPRO and JubileePRO teams, and to bring a combined solution to the legal market”, said Dru Armstrong, Chief Executive Officer of LawPay. “LawPay will continue to enhance its footprint in the case management sector and bring convenience to legal firms in more ways than one.” The LawPay and LegalPRO Systems integration will support high-volume law firms looking for ways to be more competitive with the ability to provide efficient resolution of cases through effective collaboration. For more information please visit lawpay.com/jubilee. About LegalPro Systems LegalPRO Systems focuses on providing the best bankruptcy and case management software for law firms with superior customer service and affordable pricing options. As a closely held privately owned business we don’t answer to shareholders and can put our customers’ needs first, which has allowed us to create an extremely loyal client base over 30 years. About LawPay LawPay was developed specifically to help law firms streamline billings and collections, providing a simple, secure solution for legal clients to pay their bills. LawPay is the industry leader in legal payments, providing a cost-effective solution for more than 50,000 law firms around the country. It's available through all 50 state bars, 60+ local and specialty bars and the ABA as a vetted and approved payment solution for the legal industry. LawPay is also the ALA’s Exclusive VIP Partner for Payment Processing. Learn more at lawpay.com. LawPay was developed specifically to help law firms streamline billings and collections, providing a simple, secure solution for legal clients to pay their bills. Contact Details LawPay Keely Leonard +1 512-368-8988 kleonard@affinipay.com Company Website https://www.lawpay.com/
October 11, 2022 10:00 AM Central Daylight Time
News ReleaseSilicon Valley Leadership Group
Leading a coalition of California business associations, the Silicon Valley Leadership Group (SVLG) today urged the Biden Administration and Congress to accelerate implementation of the multibillion dollar CHIPS Act incentive program, which is critical to sustaining and strengthening the state’s thriving innovation economy. According to the White House, America had more than 30 percent of global chip production over 30 years ago, while today, America produces barely 10 percent of the world’s chips. The CHIPS Act seeks to change this by investing $280 billion over the next ten years to revitalize U.S. competitiveness, innovation, and national security. Over the next five years, the Department of Commerce will oversee $50 billion in investments including $11 billion for advanced semiconductor R&D and $39 billion to speed up domestic chip production. Additionally, the Act creates a private sector investment tax credit for semiconductor manufacturing of approximately $24 billion. “The CHIPS Act promises to bolster Silicon Valley competitiveness by supercharging critical innovation infrastructure,” said Silicon Valley Leadership Group CEO Ahmad Thomas. “Our member companies stand ready to quickly leverage the federal government’s multi-billion dollar investment to help strengthen U.S. technology, ensure our global competitiveness, and fortify our supply chain resilience.” In a package of letters to U.S. Secretary of Commerce Gina Raimondo and members of the California delegation, the coalition emphasized that: “The [CHIPS and Science] Act presents a unique moment to seize upon California’s innovation and manufacturing advantages that will help strengthen the national economy and reinforce our critical supply chain of needed semiconductor chips and components. We respectfully request that the Department of Commerce move expeditiously to implement the Act’s incentive program, and we are happy to serve as an industry resource as the Act is implemented." In addition to the SVLG, the letters were signed by the Bay Area Council, Chamber San Mateo County, Fremont Chamber of Commerce, Los Angeles County Business Federation, San Diego Regional Chamber of Commerce, San Mateo County Economic Development Association, Sunnyvale Chamber of Commerce, and Valley Industry & Commerce Association. American businesses rely on semiconductors as essential components in electronic products like desktop computers, laptops, tablets, and smartphones. Advancing the nation's military capabilities also requires semiconductors for cutting-edge technologies. Expanding domestic manufacturing of semiconductors will bolster national security, supply chain resilience, and strengthen the national economy. California’s Innovation Economy, made up of diverse actors including technology companies, premier research entities, and comprehensive supply chain leaders, is well-positioned to leverage the Act’s incentives and act as a force multiplier for federal investment to strengthen national manufacturing, R&D, and semiconductor workforce training. President Biden released an implementation strategy for the $50 billion under the CHIPS for America program, which is available here. A summary of the legislation is available here. About the Silicon Valley Leadership Group: The Leadership Group is a business organization of hundreds of Silicon Valley’s most dynamic companies working to shape the innovation economy of California and the nation. Founded by David Packard of Hewlett-Packard, for over 40 years the SVLG has worked to address issues that affect the region’s economic health and quality of life. Today the SVLG Is focused on economic competitiveness with a special focus on diversity & inclusion, climate change and infrastructure. SVLG members collectively provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy. For more information, visit svlg.org. Contact Details Silicon Valley Leadership Group Laura Wilkinson, SVP, Head of Communications +1 669-319-2857 press@svlg.org
October 11, 2022 07:00 AM Pacific Daylight Time
News ReleaseAgora
Auto Remarketing named Daniel Burke, CIO / CSO of Agora Data, to its 2022 “40 Under 40” list. The accolade recognizes current and next-generation leaders of the used-car business making big differences in the industry and at their respective companies. “I’m honored to be named to the Auto Remarketing “40 Under 40” list,” said Daniel Burke, Chief Information Officer / Chief Strategy Officer, Agora Data. “This recognition acknowledges the critical tech innovation we bring to the industry and our continued success in providing highly accurate loan performance data and predictive analytics to independent auto dealers who offer their own in-house financing.” Agora Data is the nation’s leading resource for non-prime auto dealers to secure affordable capital and build their own captive finance solution. The company offers independent dealers access to capital market financing at low-cost interest rates, along with data-driven analytics. Daniel is the architect of Agora Data’s proprietary machine learning / AI advanced modeling that allows Agora Data to provide an unprecedented high degree of certainty of non-prime loan payment outcomes. To date, Agora Data has analyzed over $76B worth of non-prime auto loan data to predict (to 98% accuracy) the performance of auto loans. In December 2020, Agora Data made auto industry history by closing the first-ever crowdsourced non-prime auto securitization. This breakthrough accomplishment allows auto dealers to have direct access to ample capital with favorable terms and lower loan interest rates to help fuel their business. “We’re excited to debut our inaugural ’40 Under 40: Industry’ program, and share the stories of these outstanding honorees. These are the next-generation leaders of the used-car business, and their accomplishments are as numerous as they are impressive,” said Joe Overby, senior editor of Auto Remarketing. “Congratulations to all of our honorees – we look forward to celebrating with you at Used Car Week in November!” Auto Remarketing’s “40 Under 40” honorees will be recognized at a ceremony this fall at Used Car Week in San Diego, CA., at the Manchester Grand Hyatt. For more information on Agora Data, visit www.agoradata.com. About Agora Data, Inc. Agora Data, an automotive industry fintech, is the nation’s leading resource for independent auto dealers and finance companies. Auto loan originators can secure affordable capital to build their own non-prime captive finance solution, obtain actionable loan performance data to optimize their lending portfolios, and leverage a suite of other products to safely grow their business. Powered by patent pending technology, originators can access real-time data analytics and planning resources to help optimize the performance of their portfolios. Agora Data made history by closing the first-ever crowdsourced non-prime auto securitization in 2020 and continually brings groundbreaking products to an underserved market. For more information, visit www.agoradata.com or contact us at 1-877-592-4672. # # # Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/
October 11, 2022 09:06 AM Eastern Daylight Time
News ReleaseSoftTech Engineers Limited
Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced a strategic partnership with SoftTech, a provider of advanced digital solutions for the construction and civil infrastructure industry, to digitally transform the global construction and infrastructure industry. The partnership will combine the technological capabilities of Tech Mahindra and the domain expertise of SoftTech to provide customized solutions for end-to-end digital transformation of business in the construction and infrastructure industry. The partnership will enable customers across the government and corporate sectors to streamline business operations, boost efficiency, and improve customer experience by leveraging leading-edge technologies like AI (Artificial Intelligence), ML (Machine Learning), BIM (Building Information Modelling), Digital Twins, Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), Construction Wearables, Robotics, Metaverse, and Internet of Things (IoT). Jagdish Mitra, Chief Strategy Officer and Head of Growth, Tech Mahindra, said, “The construction industry contributes 13% to the global GDP, and is required to continuously re-invent and innovate to become more efficient and address cost burdens. The industry has taken valuable strides in digitization, and the many examples of successes have increased the demand for next-gen technologies. Tech Mahindra and SoftTech aim to build more sustainable and responsible solutions for social and environmental impacts within AEC (Architecture-Engineering-Construction) space. An innovative online inspection-approval system, ERP solution for the real estate and construction industries, an online building information model, etc. are among the strengths of our partnership”. The partnership will further strengthen Tech Mahindra’s market position in the construction industry and empower organizations with seamless implementation and integration of digital solutions across departments, functions, and the workforce at the desk and on the field. Tech Mahindra and SoftTech will also work towards cross-skilling their resources through training programs for knowledge sharing on various tool implementations, scaling applications, etc., thereby creating a skilled talent pool for innovative and scalable solutions. Vijay Gupta, Founder, Chairman and Managing Director at SoftTech, said, “ We believe that the construction industry is at the cusp of undergoing a complete digital transformation, and our partnership with Tech Mahindra creates a great platform to cater to the needs of the industry. With Tech Mahindra’s industry-leading expertise in the manufacturing segment, the company has succeeded to scale the business upwards to cross a billion-dollar run-rate. We are confident that this, combined with their deep-tech capabilities in 5G and Metaverse, will provide our products scalability in terms of customer base and technical know-how, which will help deliver more value to international construction and infrastructure clients.” Tech Mahindra believes in DigitALL philosophy for comprehensive Business Transformation. This partnership is in line with Tech Mahindra’s focus on digital growth, under the NXT.NOW™ framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer. About SoftTech SoftTech offers innovative products and services to help drive digital solutions in the infrastructure and construction industry. Founded in 1996, SoftTech, a publicly listed entity in NSE and BSE, is equipped with 25+ years of industry expertise. SoftTech has empowered digital transformation in the construction and infrastructure industry through innovative software products. Leveraging the power of Artificial Intelligence (AI) with robust frameworks. SoftTech’s solutions are designed to drive higher productivity, increased efficiency, and substantial cost savings and help clients achieve their sustainability goals. SoftTech is powered by over 500 professionals including technologists, AEC specialists, and subject matter experts who drive our innovations and deliver value to customers. With a presence across India, US, UK, Singapore, and MENA, SoftTech has deeply engaged with clients to help them sustain and enhance their competitive edge by fundamentally transforming the status quo. More than 600 organizations and over 100,000 users are supported by SoftTech. More than 1 million building permits have been approved through SoftTech solutions covering more than 1 billion+ sq ft area. With ‘CIVIT’ as a platform, SoftTech has combined decades of deep domain understanding and solutioning to offer a suite of products that cater to the complete construction project life-cycle – starting from plan to permit to build and then operate. About Tech Mahindra Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and the society to Rise. We are a USD 6 billion organization with 158,000+ professionals across 90 countries helping 1262 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. We are the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’. We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Connect with us on www.techmahindra.com For more information on Tech Mahindra, please contact: Abhilasha Gupta, Global Corporate Communications and Public Affairs Email: Abhilasha.Gupta@TechMahindra.com media.relations@techmahindra.com Contact Details SoftTech Engineers Limited Tulika D tulika.darbari@softtech-engr.com Company Website https://softtech-engr.com
October 10, 2022 11:45 AM Eastern Daylight Time
News ReleaseCSG
DENVER, Oct. 10, 2022 – A workplace culture that values diversity and channels the power of all entices talent and drives success for the bottom line. At CSG ® (NASDAQ: CSGS), celebrating a diverse employee base and growth shines through the work and leadership of our employee resource groups (ERG), like Women Engaged in Leadership Exploration and Development (WE LEaD). Today, WE LEaD was honored as the ERG of the Year on the 2022 Cablefax Diversity List. “We formed WE LEaD in 2018 to promote women in leadership roles across CSG and build a community that encourages authentic leadership regardless of title or rank,” said Erica Morrison, WE LEaD executive sponsor and VP of software engineering, CSG. “We dove in before formal diversity, equity, and inclusion structures were in place, and I’m incredibly grateful for the support we’ve had to follow our passion and foster growth from within CSG. WE LEaD has been open to all CSGers since our first meeting, and it truly is by harnessing our collective power that we contribute to the success of the company.” Since its inception, WE LEaD has grown, connected, inspired, and advocated for the women of CSG through bold, vulnerable, and inclusive behaviors that continue to empower them to be better every day. Through the three focus areas: leadership, network, and Women in Tech/STEM, WE LEaD enables members to grow the critical leadership skills that can help accelerate their career trajectory and creates a safe space to learn and practice skills, explore leadership styles, and craft and consult on impactful strategies. Today, WE LEaD’s influence is visible in the increased representation of women in leadership roles across CSG and the group’s steady growth in membership base, which in the last year grew by 80%. "CSG's success is rooted in our motivation and commitment to do what's best for our people and bridge gaps within our organization to create the most inclusive culture,” said Liz Bauer, CSG CXO. "WE LEaD influenced CSG with impact from day one, and it's fantastic to see how their dedication continues to open doors for CSGers around the world to grow. They drive authentic leadership regardless of title or rank and advocate for diversity and inclusion across all levels of the company. This achievement is thanks to the hard work of volunteers, who are committed to driving real, lasting change for women at CSG. I'm so happy for the team and look forward to supporting and following them on this journey." # # # About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: Kristine Østergaard Public Relations +44 (0)79 2047 7204 kristine.ostergaard@csgi.com John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Kristine Østergaard +44 7920 477204 kristine.ostergaard@csgi.com Company Website https://www.csgi.com
October 10, 2022 08:30 AM Mountain Daylight Time
News ReleaseAvaWatz Inc.
Industries spend billions of dollars each year to ensure worker and customer safety. Yet some of those billions of dollars could be saved by using teams of collaborating robots (cobots) to perform work that endangers human workers. Cobot teams can work in otherwise dangerous operating environments and can perform the tedious tasks necessary to ensure customer safety in commercial spaces, airports, railways and mass transit systems. Consider the task of removing harmful debris from an airport runway. Fragments of metal and other materials can fall onto the runway from airplanes, service vehicles, luggage carts and even small fragments can do catastrophic damage. Keeping runways clear is a life-and-death responsibility, and right now it is all done by human workers who walk or drive along the runway to find and remove debris. This is the kind of tedious and dangerous job that could be done by robots, but no single type of robot is exactly right for the job. Flying drone robots are good at detecting debris, but they cannot pick up the debris and remove it; ground robots can pick it up, but they cannot move as fast or see as far as the drones can. If they combine their strengths, a team of air and ground robots together can perform this task with minimal human involvement. Decision-intelligence tech firm AvaWatz is working to make this idea real. The company builds teams of robots with different skills, like traveling off-road or manipulating a specialized tool – the team can combine those skills and use them all together. AvaWatz wants to use robots to reduce risks for humans who have to perform complex tasks in harsh environments and is pioneering the use of collaborative robots or cobots. Cobot teams can solve hard problems for public and private sector customers, including the military and Homeland Security, flightline operations, search and rescue, emergency response, construction, transportation, agriculture, utilities and infrastructure among others – in fact, it is difficult to name a sector that could not benefit in some way from teams of robot workers. The U.S. Air Force, Army, and the Department of Homeland Security have each recognized the need and are funding AvaWatz R&D to advance and grow the technology. The company is focused on driving risk even lower for humans. Giving back to the community is a high priority for AvaWatz — which is why they donate a portion of their revenue to assist with debris pick-up on coastlines. The Size Of The Opportunity The need for cobots is out there, according to AvaWatz. It is predicted that the market for collaborative robots will grow to $1.99 Trillion by 2030. AvaWatz’s initial targets are smart airports, ground transit assets, and surveillance, but the opportunity is not limited to those areas. Such technology can also address the needs of markets where the risk is not only limited to simple human error but also malicious intent. AvaWatz – which has already performed prototype work with the U.S. Air Force – plans initially to work with regional and private airports in the U.S. in addition to the Air Force as it scales to address larger markets. There is also potential to work in fields such as infrastructure repair, railroad inspection and the protection of endangered wildlife species. AvaWatz is reportedly also working on partnerships with drone and ground robot manufacturers such as Skydio and Boston Dynamics. AvaWatz offers an investment opportunity to meet the growing demand for Collaborative Robots – whose market size is predicted to reach almost $2 trillion by 2030 with a CAGR of 12.3% from 2021-2030. Discover what AvaWatz investment opportunity means for you, by clicking the offer link: https://www.startengine.com/avawatz AvaWatz is a decision-intelligence company charting a new frontier in “Cobots” - collaborative air and ground robots. Leveraging AI and advanced knowledge network technologies, our cooperative robotic services are programmed to carry out tasks too dangerous, difficult, or time-consuming for humans. Our initial services target airfields, ground transit, and surveillance missions across private, government, and defense sectors, with a working prototype piloted by the U.S. Air Force. Visit https://www.startengine.com/avawatz to learn more. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17(b) disclosure linked in the campaign page for more information. Contact Details Rajini Anachi rajini@avawatz.com Company Website https://avawatz.com
October 10, 2022 08:00 AM Eastern Daylight Time
News ReleaseDash Network
The massive shifts caused by the Covid-19 pandemic have been deeply felt across all industries and at every department level within business-to-consumer (B2B) and business-to-business (B2B) companies. The effect on the global workforce has been profound, with companies around the world struggling to hire and retain employees. According to a new report from Dash Research, an evolution that many say was already in progress before the pandemic, has accelerated with a balance of power starting to migrate toward employees. Dash Research analysis indicates that these market dynamics are leading companies to invest in a broad range of technologies and solutions to not only decrease day-to-day friction in an employee journey, but also to attempt to meet the expanded desires of a changing population. The line between traditional human resources (HR) technology and employee experience (EX) technologies has blurred over the past few years and has given rise to larger companies that provide human capital management (HCM) or workforce engagement technologies to add modules more focused on engagement, community building, recognition, or performance management. These dynamics have also enabled smaller companies to gain leverage in the market with more specific offerings focused on just one part of the EX ecosystem. Dash Research forecasts that the global market for EX platforms, applications, and services will increase from $5.9 billion in 2021 to more than $14.6 billion in 2026. The market intelligence firm anticipates that EX platforms will represent 53% of total revenue within the forecast period, followed by services (24%) and applications (23%). “Companies are becoming more human-centered,” says senior analyst Sherril Hanson, “and HR departments are shifting focus from operations and productivity toward experience, health, and wellbeing. In many cases, the fundamental relationship between employer and employee has changed.” Hanson adds that the key market drivers spurring the purchase of EX software and services include: The Great Resignation and the need for better retention strategies The employee experience/customer experience link Shifting employee wants and needs Move to hybrid and remote work, leading to increased need for communication and connection Growing need for optimal digital employee experience and great supporting technologies However, she points out that many barriers remain for organizations when attempting to deploy EX solutions, many of which are internal and operational. Dash Research has identified four key challenges that are tempering the growth of EX: Outdated and challenging technology stacks Lack of internal ownership Struggles with analysis and action Inability to build an EX-supportive culture Dash Research’s report, “Employee Experience”, focuses on the software platforms, applications, and services that are offered to help companies achieve excellent EX. These solutions are an important part of providing a positive employee experience. If implemented thoughtfully and with sustained commitment, the solutions can promote deeper employee engagement, less employee churn, in-house automations and efficiencies, and improved customer experience. An Executive Summary of the report is available for free download on the firm’s website. Dash Research, the market intelligence arm of Dash Network, provides in-depth research and insights on the worldwide CX market including a comprehensive assessment of technology solutions, business issues, market drivers, and end-user dynamics across industry sectors. Dash Research’s global market coverage combines qualitative and quantitative research methodologies to provide a complete view of emerging business opportunities surrounding contact center technologies, customer data & analytics, customer data platforms, customer insights & feedback, customer relationship management, personalization & optimization, and employee experience. For more information, visit www.dashresearch.com or call +1.720.603.1700. Contact Details Clint Wheelock +1 720-603-1700 press@dashnetwork.com Company Website http://www.dashnetwork.com
October 10, 2022 05:15 AM Eastern Daylight Time
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