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Customer Experience Revenue in the Travel & Hospitality Industry Declined by 33% Between 2019 and 2021, According to Dash Research

Dash Network

While all industry sectors have needed to pivot and flex to address the global pandemic, few other industries have had to reinvent their processes and solutions the way the travel & hospitality market has needed to. Constantly changing restrictions and regulations have made any sort of market recovery in this sector lumpy, at best. The travel & hospitality sector has always needed to walk the line between internal operational and cost efficiencies and personal attention to the guest or traveler. According to a recent report from Dash Research, the global COVID-19 pandemic caused many travel & hospitality companies to reassess their priorities and current technology status, focusing on those that will result in even greater efficiencies as they navigate the upcoming recovery, and provide a smooth, friction-free, and positive customer experience for those traveling. Dash Research estimates that the global market for customer experience (CX)/customer engagement (CE) software and services totaled $3.5 billion in 2021, a 32.7% decline from 2019 when revenue for the sector was $5.2 billion. The market intelligence firm does not anticipate revenue returning to 2019 levels within the duration of its forecast period (2019 to 2026). Worldwide CX/CE revenue is forecast to rise moderately over the next several years, reaching $4.3 billion in 2026. “The customer journey of a traveler can be complicated and leverages many disparate technologies,” says senior analyst Sherril Hanson. “The process of researching a trip via the wide variety of channels and third-party providers, booking, paying, moving through a transportation hub, and arriving at a destination of choice has a lot of opportunities to rise to the occasion to provide outstanding CX or fall short of expectations.” Hanson adds that each touchpoint in that journey is an opportunity to build brand loyalty, trust, and positive emotions. Dash Research concludes that this is both a challenge and an opportunity for implementing CX technologies and services. While the industry will take some time to fully rebound, an exploration of CX in this sector demonstrates that it is a market primed to reap the benefits of implementing CX technologies. Dash Research analysis indicates that the key market drivers spurring the purchase of CX software platforms, applications, and ancillary services in the travel & hospitality market include the following: Demand for omnichannel interactions and self-service along the various touchpoints Changes in the nature of the travel experience and a desire for personalization Acceleration of contactless and convenience technologies Increased communication needs However, a multi-year global pandemic represents an unprecedented challenge for the travel & hospitality industry, and several key related market barriers that are tempering the growth of CX software and services include the following: Market uncertainty and budget constraints Fragmented and sometimes outdated technology stacks Labor shortages and employee burnout Consumer concern over health and safety issues Opportunities abound for the growth of CX solutions in travel & hospitality, but amidst all the current challenges, these solutions must be implemented with a keen eye toward evolving consumer behavior and attitudes, greater efficiency and convenience for travelers, timely and personalized communications, and a strong and sustained focus on employee experience (EX) in an environment of scarce labor resources. Dash Research’s report, “CX in the Travel & Hospitality Industry”, focuses on the software platforms, applications, and services that are offered to travel & hospitality companies to help them achieve excellent CX that leaves travelers feeling safe, satisfied, and eager for a return trip via all the companies that eased their journey. The report examines the current and future market issues, market drivers and barriers, and case studies within the travel & hospitality CX/CE industry. Market sizing and forecasts include segmentations by geography, functional area, product offering, and visibility to the customer. Discussion on the impact of the COVID-19 pandemic, and how the industry is responding, is also included. 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

February 09, 2022 06:15 AM Eastern Standard Time

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News Release

Compliance Automation Platform for SaaS Companies, Sprinto, Raises $10M Led by Elevation Capital, participation from Accel and Blume Ventures

Elevation Capital

Sprinto, the compliance automation platform for fast growing SaaS companies, has raised $10M in Series A funding led by Elevation Capital with participation from Accel, and Blume Ventures. The funding will be used for team expansion across key functions and R&D to ensure long-term growth. Earlier, in January 2020, the company had raised $1.5M in seed funding from Blume Ventures. Reflecting this expansion, Sprinto will open its first North American office, in Utah, by this quarter’s end and will ramp up North American hiring. Publicly launched in mid-2021, Sprinto is a compliance automation platform that helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR, HIPAA etc., in a quick and hassle-free manner. Obtaining these compliances helps Sprinto customers close enterprise deals and pass vendor security assessments easily. It was co-founded by Girish Redekar and Raghuveer Kancherla, who have been colleagues for 15 years. Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 (Systems and Organizations Controls 2) is a set of compliance requirements for companies, especially service organizations, which use cloud-based storage for their customers’ data. It is based on five core Trust Services Criteria of security, availability, processing integrity, confidentiality, and privacy. SOC 2 audits have become essential in regulatory oversight, vendor management programs, internal governance, and risk management. As enterprise SaaS continues to grow exponentially, businesses are increasingly relying on compliances like SOC 2 to get assurance that their SaaS vendors keep their data safe. And SaaS vendors need SOC 2 compliance to close high-ticket deals. Currently, obtaining and maintaining SOC 2 compliance takes 300+ hours of work each year. Sprinto’s SaaS platform makes this process 10x faster. It helps clients create a real time monitoring system that provides visibility into the processes and policies governed by compliance checklists, tracks the status of these systems, and alerts relevant teams if a system is not operating within the required baseline limits or in case of any policy violations. “As compliance with these standards, including SOC 2, is becoming a critical business need, most companies must rely on infosec consultants and auditors to get the necessary certifications,” explained Sprinto co-founder Girish Redekar. “With a consultant, companies would take around 3-4 months to be ready for SOC 2 assessment. Using Sprinto’s compliance automation platform, companies can complete the SOC 2 readiness assessment in just days. This levels the playing field, helping smaller companies lacking the resources of larger firms.” Sprinto co-founder Raghuveer Kancherla added, “A decade ago, only large enterprises demanded SOC 2 compliances. With the changes mandated by the AICPA in 2018, all SaaS businesses, irrespective of size, need to be SOC 2 compliant and are required to collect SOC 2 reports from their critical vendors. Thus, being SOC2 compliant has become a revenue concern for SaaS businesses of all sizes. Recognizing this growing need, Sprinto aims to become the infosec OS of choice for SaaS service providers. It’s creating a new product category that’s fundamentally different from existing automation tools. Sprinto is focused on delivering outcomes, not just automation. This is ingrained into the team’s design, outlook, internal processes, and culture.” “We’re very excited about partnering with Raghu and Girish as they build the future of compliance automation. Sprinto solves a critical business need in a growing market. It has created a world-class product which is already emerging as the compliance automation platform of choice for SaaS companies and generating tremendous customer acclaim,” said Deepak Gaur, Partner, Elevation Capital. Since its website launch in June 2021, Sprinto has grown rapidly, doubling its ARR over the last 10 weeks alone. Despite competition from a few emerging U.S. companies, Sprinto is proving to be the compliance automation platform of choice. It’s already acquired 100’s of customers, including such enterprise-level accounts as HP and Hackerrank. About Elevation Capital: Elevation Capital is a leading venture capital firm which provides seed and early stage capital for emerging companies in India. Elevation Capital has been investing in India since 2002 and is currently investing out of its seventh pool of capital. The firm is led by Co-Managing Partners Ravi Adusumalli and Mukul Arora, along with three Managing Directors Mridul Arora, Deepak Gaur and Mayank Khanduja. The firm has invested in over 150 companies across Consumer Internet, SaaS, Fintech, D2C, Edtech, Healthtech and Web3/Crypto, and has offices in Bengaluru, Gurgaon and Salt Lake City. Contact Details Marc marc@trustrelations.agency Nicole Hopwoood nicole@trustrelations.agency

February 08, 2022 08:30 PM Eastern Standard Time

Velocity Global becomes Official Partner of the DP World Tour

Velocity Global

Velocity Global becomes first global technology company to sponsor the DP World Tour, PGA TOUR, LPGA Tour and Ladies European Tour DP World Tour to utilise the Global Work Platform from Velocity Global to enable employees to work anywhere in the world Multi-year agreement with elevated partnership status at three additional tournaments The DP World Tour today announces that Velocity Global, the world’s leading provider of global talent solutions, has become an Official Tour Partner in a multi-year agreement. Velocity Global serves as the Official Global Work Platform of the DP World Tour. Speaking about the partnership Rob Wellner, Chief Revenue Officer of Velocity Global said; “We are excited to become an Official Tour Partner and the Official Global Work Platform for the DP World Tour. Golf is truly a global game that spans national boundaries, leading to increased competition in an effort to find the best golf talent wherever it is. Finding and hiring top talent - anyone, anywhere - is at the heart of what Velocity Global provides to our customers. We give a competitive edge to leading companies to get ahead in the global marketplace. This partnership is a perfect embodiment of that work." Max Hamilton, Commercial Director of the European Tour group, added; “The DP World Tour has a truly global footprint, with 45 tournaments across 25 countries in our 2022 schedule - and in Velocity Global, we have found a partner who matches that globality. As an ever-expanding Tour, their Global Work Platform will support our business operations for DP World Tour personnel working abroad. Their footprint in golf is substantial and given our close ties to the PGA TOUR and both the LPGA and Ladies European Tour with our mixed events, Velocity Global can create synergies through its deep partnerships across golf’s biggest tours. We look forward to supporting each other in the years ahead.” As an Official Tour Partner, Velocity Global benefits from a range of marketing opportunities to grow its brand, including on-course signage and live television branding during DP World Tour events, bespoke social media content and access to tournament hospitality services. Throughout the partnership Velocity Global and the DP World Tour will develop a multi-channel content series to showcase some of the top players in the world and share their Work from Anywhere story. Velocity Global also enjoys elevated partnership status at three of the DP World Tour’s premier tournaments each season. These are two Rolex Series tournaments - the BMW PGA Championship and the DP World Tour Championship - plus the ISPS Handa World Invitational, which is an innovative mixed gender tournament run in partnership with the LPGA Tour and Ladies European Tour. The company’s Global Work Platform TM enables employers to grow compliant distributed workforces in more than 185 countries. Serving as the Official Global Work Platform for the DP World Tour, this partnership will see the Tour use Velocity Global’s services to help its employees work anywhere in the world. With this announcement, Velocity Global is now a partner of the four leading Tours in the men’s and women’s professional game – the first global tech company to have such a presence in elite golf. The company is already the Official Global Workforce Solutions Platform of the PGA TOUR, as well as the presenting sponsor of the PGA TOUR University. Last month, Velocity Global also announced a new agreement as the Official Global Work Platform of the LPGA Tour and Ladies European Tour. In addition, Billy Horschel, the winner of the 2021 BMW PGA Championship on the DP World Tour and a six-time PGA TOUR winner, is a Velocity Global brand ambassador, along with 12th-ranked Lexi Thompson and Albane Valenzuela on the LPGA Tour. Kevin Hall, a four-time APGA Tour champion, is also a Velocity Global brand ambassador. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. With talent solutions in more than 185 countries and all 50 United States, the platform combines global Employer of Record and Contractor Management to onboard, manage, and pay talent worldwide. More than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information visit velocityglobal.com. About the DP World Tour The DP World Tour is the main men’s professional golf Tour of the European Tour group, with a global schedule featuring a minimum of 45 tournaments in 25 different countries across the 2022 season. Formerly known as the European Tour, which was established in 1972, the 2022 DP World Tour schedule includes five Rolex Series events, along with four Major Championships, two World Golf Championship events and three tournaments co-sanctioned with the PGA TOUR, as well as tournaments staged around the world with a minimum prize of $2million for all events solely sanctioned by the DP World Tour. The season concludes with the final Rolex Series event, the DP World Tour Championship, Dubai, where the winner of the Tour’s season-long competition, the DP World Tour Rankings, will be crowned. DP World, the leading provider of global smart end-to-end supply chain and logistics solutions, is the title partner of the DP World Tour, which is administered by the European Tour group. Contact Details Velocity Global Chris McGrath +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

February 08, 2022 07:01 AM Mountain Standard Time

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Kramer enriches its end-to-end solutions for Enterprise and Education applications with the new Kramer Collaboration Devices

Kramer Electronics

Kramer Electronics Ltd. is pleased to announce the release of its new Kramer Collaboration Devices, the latest addition to its end-to-end Pro AV solutions for Enterprise and Education applications. The new product line, which includes advanced cameras, a communication bar and a speakerphone, offers outstanding AV quality, flexibility and simplicity. Kramer’s complete solutions for Enterprise meeting spaces, schools and universities meet customers’ needs for complete, integrated solutions from a single, trusted partner that provides certified solutions, market-leading warranties and end-to-end support, all under one roof. Offering simple setup and seamless use, it is agnostic to all UC applications, and supports multiple conferencing platforms. Kramer Collaboration Devices are designed for varied spaces from small huddle rooms up to large boardrooms, classrooms and auditoriums. They ensure all participants, whether in the room or connecting remotely, consistently enjoy superb interactions, with an immersive audio and video experience. With Kramer Collaboration Devices, all participants can see and be seen as well as hear and be heard clearly – enabling meaningful and effective collaboration. An integral part of Kramer end-to-end solutions for Enterprise and Education applications, Kramer Collaboration Devices are fast and simple to deploy. They can easily be combined with Kramer's in-room A/V signal management and control products for a complete collaborative, hybrid experience. “With workplace norms and needs changing across business and education markets, our end-to-end solutions are building the foundation for truly inclusive hybrid interaction spaces,” says Gilad Yron, Kramer’s CEO. “The addition of the new line of Kramer Collaboration Devices is the latest step towards this vision, helping ensure engaging experiences for all participants and successfully bridging the gap between in-person and remote interactions.” The new Kramer Collaboration Devices product line includes: K-Speak – A compact speakerphone with 360° omnidirectional audio pickup that enhances the audio experience for everyone. Perfect for any room size where additional audio coverage is needed. K-Bar –An all-in-one video and audio communication bar that allows participants to quickly start collaborating. Ideal for small to mid-sized spaces where an all-in-one device saves space and cable clutter. K-180Mini – A smart, 4K wall-mount panoramic camera with integrated microphone, that captures clear video across a full 180° field of view. Designed for small rooms and huddle rooms. K-CamHD – A professional HD PTZ camera for versatile video capture that ensures a clear view of all meeting attendees, with special attention wherever needed. Ideal for varied spaces and use cases, ranging from medium sized rooms up to board rooms, classrooms and auditoriums. K-Cam4K –An ultra-HD PTZ camera for premium-clarity video in large spaces that puts every meeting in sharp focus, with crystal-clear, ultra-high-definition video capture. Supports the most advanced and challenging setups in large meeting rooms and educational spaces. About Kramer We are dedicated to delivering better, smarter solutions that enhance physical-digital engagement and collaboration. Kramer solutions are based on our cutting-edge products and technologies for traditional AV, AV over IP, unified communication and collaboration (UCC) and wireless collaboration, and advanced management and control. www.kramerav.com Contact Details Ornit Sade Benkin +972 52-332-7700 osade@kramerav.com Company Website https://www.kramerav.com/

February 08, 2022 08:00 AM Eastern Standard Time

TRUST & WILL AND WEALTHBOX PARTNER TO OFFER DIGITAL ESTATE PLANNING TOOLS TO FINANCIAL ADVISORS

Trust & Will

Trust & Will, the leading digital estate planning platform in the U.S., announced today a new partnership and integration with Wealthbox, a modern client relationship management (CRM) tool. Now, financial advisors can seamlessly offer Trust & Will's estate planning services and track clients’ progress directly in Wealthbox. As a modern and collaborative tech solution, Wealthbox helps financial advisors, enterprise firms, and broker-dealers better manage workflows and client relationships. This new integration with Wealthbox will streamline the process for financial advisors to offer clients a robust estate planning solution powered by Trust & Will. “We’re excited to partner with the leading CRM for financial professionals and to help financial advisors offer more comprehensive planning,” said Andres Mazabel, Head of Advisor Sales at Trust & Will. “We understand advisors use many tools in their tech stack, and we’re committed to building a best-in-class experience for a more connected ecosystem. We look forward to welcoming Wealthbox customers into our network of more than 4,000 financial advisors currently using our platform.” The integration will allow financial advisors the option to refer clients to Trust & Will via the CRM and track their clients’ progress as they complete their estate plan — helping advisors stay in the loop and add more value throughout the planning process. “Our partnership with Trust & Will helps ease common pain points of financial advisors by offering a seamless digital approach to estate planning, which is often overlooked in the financial planning process,” said Steve Carroll, Head of Product at Wealthbox. “We look forward to continuing our focus on providing modern product design backed by a powerful yet intuitive user experience through this new collaboration.” Interested advisors and journalists can register for a free webinar on March 9, 2022, at 2 pm ET to learn more about the integration between Trust & Will and Wealthbox. To register, visit: https://bit.ly/3I08i4d. ABOUT TRUST & WILL Trust & Will is a modern approach to digital estate planning, offering legally valid documents designed and approved by estate planning attorneys to adhere to individual state guidelines. Since 2017, more than 300,000 Trust & Will members have created an online estate plan to set up their family legacy. We make estate planning simple, affordable, and accessible by providing a secure way to set up a plan online in minutes, using bank-level encryption that protects customer data and complies with the highest security standards, including SOC2. Trust & Will is the official estate planning benefit provider for AARP members and is a proud partner of several leading financial institutions, including Northwestern Mutual and Haven Life. To learn more, visit www.trustandwill.com. ABOUT WEALTHBOX Wealthbox is a CRM technology for financial advisors that launched in 2014. Integrated with leading custodians and wealth-tech partners, Wealthbox is known for its modern product design and powerful yet intuitive user experience. The collaborative platform allows financial advisors, enterprise firms, and broker-dealers to manage client relationships while streamlining operations. Learn more at www.wealthbox.com. Contact Details Trust & Will Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

February 08, 2022 07:28 AM Eastern Standard Time

Investing app Infina secures US$6m as it seeks to democratize investing in Vietnam

Infina

Vietnam-focused retail investing app Infina today announced they have closed US$6 million in seed funding from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Additional investors who have backed Robinhood, Coinbase, and similar models in other markets also participated in the funding. Infina joins the retail investing app revolution with companies like Ajaib in Indonesia, Groww in India, and Tiger in China that have enabled a new wave of avid retail investors around the world to access financial markets like never before. The Infina app is designed to make investing more accessible, easy, and safe for the young, tech-savvy Vietnamese who are looking to start their investing journey. Vietnam has a young population of 97 million that is made up mostly of Millenials and Gen Z, many of whom are seeing increased incomes and have an appetite for investing. Vietnam’s benchmark stock market index hit record highs last year, rising 28.1% year-to-date in December 2021 and outperforming many of its Southeast Asian equity markets. Vietnam also registered more than 1.3 million new stock trading accounts in 2021, which was more than three times the number for 2020. The number of Vietnamese participating in crypto and NFT is even greater, estimated at around 6 million. Off the back of the surge in retail investing in Vietnam, Infina has seen hyper growth in its users, clocking a compound monthly growth rate of 64% in funded accounts in 2021. Infina aims to democratise investing by making investing accessible for everyone, regardless of income group, and caters to young and first-time investors whose needs have not yet been well-addressed by existing solutions in the market. Through Infina, users can choose from a wide range of asset classes, from fixed-income products to mutual funds, and more recently stock trading. Expensive investment products are fractionalised, so users can now invest in a diverse portfolio of assets with low minimum amounts. Infina is also making investing widely available to everyone by growing its presence across third party ‘super’ apps. For example, users can now access Infina’s investing products via the popular e-commerce app Tiki. “Infina’s mission is to empower the rise of retail investors to participate in existing and emerging asset classes so that everyone has a real stake in the economy and prosperity of the country. We’ll be using the funding to continue to build out a world-class team that can develop great technology, deliver the best experience to our users, and drive even faster growth so that we can serve a large portion of the new investors joining the market in the next three years.” said James Vuong, founder and CEO of Infina. “We are excited to be a part of Infina’s journey because at YC, we love to back founders who are building something people want. The need for a new generation of retail investing apps like Infina is clear, not just for Vietnam but globally,” said Gustof Alstromer, Group Partner at Y Combinator. Infina is part of Surge's sixth cohort of 20 companies that build fresher, smarter solutions to help consumers and businesses adapt to a changing world. Infina was founded by James Vuong, a Silicon Valley engineer turned SE Asia VC investor, turned serial entrepreneur. He previously founded Lana Group, which was acquired by LINE Corp. Prior to that, James was VP of Investment and Kauffman Fellow at IDG Ventures. He received his MBA in Technology Management from UC Berkeley Haas School of Business and BSc in Electrical Engineering and Computer Science from UC Berkeley. About Infina Infina, dubbed the "Robinhood of Vietnam", is a leading retail investing app for a young population of close to 100 million. It’s mission is to make investing more accessible, frictionless and safe. The ‘one-stop shop’ mobile app currently offers numerous investment products including stocks, securities and real estate. Infina’s platform fractionalises high-minimum investment products to smaller amounts, as little as $22. The app is available for both Android and iOS devices. Infina also allows users to invest in their offerings via other e-wallets and e-commerce platforms. About Surge Surge is Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders. The program’s goal is to supercharge early-stage startups and give founders an unfair advantage, right out of the gate. For more information on Surge, visit www.surgeahead.com. Contact Details Infina Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.infina.vn/

February 08, 2022 07:00 AM Eastern Standard Time

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Comodo Scores 100% in Protection and Detection Tests by AV-TEST Institute

Comodo

Comodo Security Solutions today announced that Comodo Advanced Endpoint Protection scored 100% in the most recent protection and detection tests conducted by the AV-TEST Institute. Comodo Advanced Endpoint Protection (AEP) is a formidable collection of multiple security technologies wrapped in an easy-to-deploy and managed package. AEP unifies zero-day prevention with an integrated endpoint management console and its cloud-based malware analysis platform, Valkyrie, to create a security platform applicable to enterprises of any size. During November and December 2021, AV-TEST continuously evaluated 20 endpoint protection products. They focused on realistic test scenarios and challenged the products against real-world threats. Products had to demonstrate their capabilities using all components and protection layers. In the tests looking at detection of and protection against malware infections, Comodo scored: 100% in protection against 0-day malware attacks, inclusive of web and email threats. 100% in the detection of widespread and prevalent malware discovered in the last 4 weeks. With an overall score of 17.5 out of 18, Comodo received a Top Product nomination in the Corporate Endpoint Protection category. “Once again, Comodo has shown the effectiveness of our solution during this most recent evaluation by AV-TEST,” said Fatih Orhan, EVP of Engineering at Comodo. “As our customers already know, Comodo AEP is a comprehensive solution and, as the results of these tests illustrate, highly effective in both the detection of and prevention against malware infections.” About Comodo Headquartered in Bloomfield, 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. Comodo helps customers avoid breaches with groundbreaking isolation technology that neutralizes ransomware, malware, and cyber-attacks. Comodo's products provide superior security by maximizing intelligent sharing between every component of the platform. For more information, visit https://www.comodo.com/. Contact Details Comodo Nicole Baker nicole.baker@comodo.com Company Website http://www.comodo.com

February 07, 2022 01:30 PM Eastern Standard Time

Bedard Law Group and Provana Create New Compliance Paradigm

Provana

Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a strategic collaboration with Bedard Law Group (BLG), to bring 360-degree compliance to the Accounts Receivable Management (ARM) market. The new solution combines BLG360 services with Provana’s comprehensive compliance management suite. BLG360 is an on-demand subscription service to BLG’s expert attorneys, while Provana’s GRC technology platform is tailored specifically to CFPB requirements. Announced at RMAi’s 25 th Annual Conference in Las Vegas, the solution comes at a pivotal moment as the ARM industry continues to grapple with Regulation F compliance. The only such combination available today, this new offering provides an unbeatable and intelligent solution for managing policies, audits, training, remediation, certification, complaints, and all aspects of CFPB compliance. John Bedard, Managing Partner of BLG, noted, “I have seen Provana’s products and services growing within my client base for many years. Automation is a must in ARM, and we at BLG felt we should work with the premier provider of compliance and performance management solutions in our industry to deliver the unique value of BLG360 as part of an automated suite.” “We are excited to work with one of the preeminent compliance firms in ARM to enrich our compliance management capabilities for customers,” said Sean Clark, Provana’s SVP of Platforms. “Adding BLG360 as part of our compliance solutions provides a level of intelligence and support unparalleled in ARM, enabling collection entities drive higher revenues with less risk.” To learn more about the benefits Provana and BLG360, specifically in the context of Regulation F, register for the webinar, where the companies will share a complete overview of new, foreclosure-specific solutions and services. About BLG Bedard Law Group, P.C. is a full-service law firm serving the credit and the collection industries. Founded in 2009, the firm delivers superior service, sound advice, and unparalleled value to all of its clients. The firm’s services include Defense Litigation, Compliance Advice, Collection Letter Review, On-Site Compliance Auditing, Nationwide Litigation Management, General Corporate Counselling, Policies and Procedures and BLG Insight Speech Analytics. To learn more about its suite of products and services online at https://bedardlawgroup.com/. About Provana Provana's SaaS-based digital operating platform is the first of its kind, giving leaders control over process-intensive operations. We serve law firms, insurance companies, accounts receivable agencies and networked enterprises in the US market that are tightly regulated by the CFPB and other authorities. Built on decades of experience in machine learning, natural language processing and business process management, Provana helps customers manage sensitive interactions, analyze unstructured data, process personal information, and ensure compliance. Provana is backed by a NYC-based Fintech PE, most recently raising funds in November 2020. Learn more at www.provana.com. Contact Details Britney Schaeffer +1 469-774-2409 britney.schaeffer@provana.com Company Website https://www.provana.com/

February 07, 2022 07:42 AM Pacific Standard Time

Avvir Launches Onsite, Turn-Key Reality Capture Services for the Construction Industry

Avvir

Avvir, a reality analysis company providing a system of record for buildings to the construction industry, today announced the launch of its newest service, Avvir Onsite. The offering provides end-to-end reality capture services for construction site managers across the country, and allows for the real-time extraction of data from the field for immediate analysis. Avvir’s new Onsite service offers construction managers a one-stop shop for reality capture needs, from traditional stationary 3D Lidar scanning, to 360° photo capture, to drone photography. Additionally, Avvir is one of the only providers of 3D mobile scanning services using the high accuracy NavVis VLX. Mobile lidar scans allow for quick capture of large areas of construction projects and provide significant cost savings and benefits for the project team. Currently, Avvir Onsite’s mobile scanning service is available in the northeast region of the U.S., with plans to expand nationwide later this year. “Avvir provides value to its customers by removing unnecessary barriers in the construction buildout process, and we do that by leveraging technology in a holistic and accessible way,” said Raffi Holzer, CEO and Co-founder of Avvir. “During our conversations with construction teams, we regularly heard that they would love to effectively harness 3D data and AI capabilities, but they didn’t have the means to scan their projects in the field. We realized this was a huge obstacle to fostering more intelligent, data-driven construction sites, so we set out to create a solution for it.” Avvir Onsite’s 3D scanning and photo capture services provide enhanced findings both as a standalone product and in conjunction with Avvir’s existing offerings. This free-flow of information drives efficiency and reduces the risk of inaccuracies on construction sites because of both the high quality and sheer volume of data made available. Construction teams understand the benefits of engaging with services like building information models (BIM) and database projects, though there is still an impediment when it comes to extracting and analyzing the data. Avvir’s suite of solutions integrates seamlessly with existing models and dashboards to get an intimate and complete view of the project at-hand and its nuances, acting as the bridge between the digital and physical worksites. For more information please visit avvir.io About Avvir Avvir aims to transform the way human beings interact with the built world. Avvirâs reality analysis platform enables construction professionals to reduce costly rework by detecting mistakes and taking immediate action, transform their BIM into an official system of record, and take project insights to the next level with automated progress vs. schedule and earned value tracking. Avvir delivers the only hardware agnostic platform that not only provides critical insights but closes the loop by updating the BIM, allowing customers to focus on solving issues, not finding them. Contact Details Amber Clavette +1 860-839-0046 aclavette@n6a.com Company Website https://www.avvir.io/

February 07, 2022 09:00 AM Eastern Standard Time

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