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Akto acts to prevent data leaks and secures $4.5M seed round as it builds the world’s first plug-n-play API security platform

Akto

Over 30 million mobile and web app developers around the world use thousands of APIs everyday. These APIs carry sensitive data of users which if leaked can cause irreparable damage to companies. Securing these APIs during the development cycle becomes paramount, especially with the movement towards a more agile and continuous release cycle. To solve this problem, Akto is building a plug and play API security platform and is today announcing a $4.5M seed funding round led by Accel India with participation from angel investors Akshay Kothari (co-founder and COO of Notion), Renaud Deraison ( co-founder Tenable) and Milin Desai (CEO of Sentry) among others. Akto is the world's first plug-n-play API security platform which helps security teams and developers secure their APIs in the development pipeline. Akto deploys in less than a minute to create an inventory of APIs, detects PII data leaks, misconfigurations and continuously tests these APIs for business logic flaws like broken authentication and authorization in CI/CD pipeline. Akto is the most lightweight API security platform, requiring zero manual configuration to get started within a minute. It mirrors traffic from customer’s cloud - AWS and GCP and provides instant visibility to security teams which otherwise would have taken months of back and forth with developers. Akto currently discovers more than 100,000 APIs for its customers around the world. Ankita Gupta and Ankush Jain co-founded Akto in January 2022 with a mission to develop the fastest API security platform. After having worked together for 2 years, they left their jobs last year and talked to 200+ security engineers across the globe before writing a single line of code. Akto is currently securing thousands of APIs of some of the largest fintech and SaaS companies across the globe. Akto has identified more than 100 leaks with credit card information and found over 1,000 broken auth issues through its robust testing module. Ankita Gupta, co-founder, at Akto commented: “We learned that the biggest challenge facing teams seeking API security solutions is that it takes months to try them. We have set out to create a solution that is not only fast to act but super easy to deploy. The plug and play element means that our customers can get an instant inventory of APIs within 2 minutes.” API attack traffic has grown 700% in the last year. According to Gartner, by 2022 API abuses will be the most frequent attack vector resulting in data breaches. Last month, Optus - one of the biggest telcos in Australia had a massive data breach because of an unauthenticated API left exposed. If Optus was using Akto, they would have received an alert on this vulnerability and could have prevented this breach. Ankush Jain, co-founder at Akto added: “I've worked for ten years developing big data applications handling billions of data points at Morgan Stanley and CleverTap. Current solutions give high false positives and to solve this problem I strongly believe that API security testing must be context-aware and should discover deep business logic vulnerabilities. To derive context, we apply AI/ML to analyze all of application traffic. We have built an engine that can process Google-scale traffic (10B requests/day) with 0 performance impact in real-time.” In addition to Akto’s API security platform, Akto has developed a free chrome extension called AKTO MINI to generate a quick inventory of APIs and detect PII data leaks without having to deploy anything. AKTO MINI has already generated interest from security engineers and developers who have generated their API inventory instantly for free. We have just launched the chrome extension - AKTO MINI and are extending it as a full fledged open source project. The new investment will allow Akto to integrate with all CI/CD tools enabling developers to run checks before deploying APIs, provide comprehensive coverage of business logic tests and improve the platform by building stronger AI/ML capabilities. Our vision is to enable the 30 million developers and security engineers to secure their APIs in less than 60 seconds. Prayank Swaroop, Partner, Accel India commented: “Today APIs are pervasive - they are the glue that enables any software to provide rich functionality. However, till recently not much thought was given to securing APIs. Securing APIs requires identifying complex patterns of API misuse - moreover this has to be done in the DevSecOps pipeline following a Shift-Left approach, without taking a lot of time from engineering teams. In the current market, all the solutions overwhelm security teams by throwing a lot of false positives. Akto’s approach and tech addresses all of these problems and provides a reliable, scalable, easy to install & accurate API security solution. We are very excited to be a part of their journey.”. About Akto Akto is the world’s first plug-n-play API security platform that enables security teams and developers to proactively secure APIs in CI/CD pipelines and prevent sensitive data leaks. Akto. Akto deploys in less than a minute to create an inventory of APIs, detects PII data leaks, misconfigurations and continuously tests these APIs for business logic flaws. Learn more about Akto here: https://www.akto.io/ About Accel Accel is a global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, FalconX, Infra.Market, Chargebee, Clevertap, Cure Fit, Musigma, Moneyview, Mensa Brands, Myntra, Moglix, Ninjacart, Swiggy, Stanza Living, Urban Company, Zetwerk, and Zenoti, among many others. Atoms is a program by Accel India to support pre-seed startups with easy access to non-dilutive capital, mentorship from founders and operators, and a community to help them grow. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or https://twitter.com/Accel_India Contact Details Akto Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.akto.io/

November 03, 2022 07:00 AM Eastern Daylight Time

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CSG Systems International Reports Third Quarter 2022 Results

CSG

CSG (NASDAQ: CSGS) today reported results for the quarter ended September 30, 2022. Financial Results: Third quarter 2022 financial results: Total revenue was $273.3 million and total non-GAAP adjusted revenue was $255.1 million. GAAP operating income was $20.0 million, or 7.3% of total revenue, and non-GAAP operating income was $46.7 million, or 18.3% of non-GAAP adjusted revenue. Shareholder Returns: CSG declared its quarterly cash dividend of $0.265 per share of common stock, or a total of approximately $8 million, to shareholders. During the third quarter of 2022, CSG repurchased 488,000 shares of its common stock under its stock repurchase program for approximately $28 million. “After hitting some headwinds last quarter, Team CSG delivered strong, healthy revenue growth in Q3 with 4.2% sequential quarter-over-quarter growth. Further, on the back of our timely Operating Margin Improvement Initiative, we reported non-GAAP adjusted operating margin of 18.3%, one of our best results in recent memory. And we returned $91 million to shareholders via buybacks and dividends during the first nine months of the year,” said Brian Shepherd, President and Chief Executive Officer of CSG. “Looking forward, our exciting Q3 results give us confidence that we can finish 2022 strong and build even better growth momentum for 2023.” Financial Overview (unaudited) (in thousands, except per share amounts and percentages): For additional information and reconciliations regarding CSG’s use of non-GAAP financial measures, please refer to the attached Exhibit 2 and the Investor Relations section of CSG’s website at csgi.com. Results of Operations GAAP Results: Total revenue for the third quarter of 2022 was $273.3 million, a 3.8% increase when compared to revenue of $263.2 million for the third quarter of 2021. This increase can be mainly attributed to the continued growth of CSG's revenue management solutions, as approximately three-fourths of the increase was attributed to organic growth resulting mainly from increased payments volume and conversions of customer accounts onto CSG solutions. GAAP operating income for the third quarter of 2022 was $20.0 million, or 7.3% of total revenue, compared to $32.8 million, or 12.4% of total revenue, for the third quarter of 2021. The decrease in operating income can be primarily attributed to the $14.0 million increase in restructuring and reorganization charges related mainly to an operating margin improvement initiative that began in the second quarter of 2022. GAAP EPS for the third quarter of 2022 was $0.40, as compared to $0.50 for the third quarter of 2021. The decrease in GAAP EPS can be mainly attributed to the increase in restructuring and reorganization charges, discussed above, offset by a $6.2 million loss recorded in the third quarter of 2021 related to CSG obtaining a controlling interest in MobileCard. Non-GAAP Results: Non-GAAP adjusted revenue for the third quarter of 2022 was $255.1 million, a 3.3% increase when compared to non-GAAP adjusted revenue of $247.0 million for the third quarter of 2021. The increase in non-GAAP adjusted revenue between periods is due to the factors discussed above. Non-GAAP operating income for the third quarter of 2022 was $46.7 million, or 18.3% of total non-GAAP adjusted revenue, compared to $41.6 million, or 16.8% of total non-GAAP adjusted revenue for the third quarter of 2021. The increases in operating income and operating income margin can be mainly attributed to the higher revenue along with the margin improvement initiatives, mentioned above. Non-GAAP EPS for the third quarter of 2022 was $1.06 compared to $0.88 for the third quarter of 2021, with the increase due to the factors discussed above. Balance Sheet and Cash Flows Cash, cash equivalents and short-term investments as of September 30, 2022 were $147.3 million compared to $135.0 million as of June 30, 2022 and $233.7 million as of December 31, 2021. CSG had net cash flows from operations for the third quarters ended September 30, 2022 and 2021 of $22.8 million and $46.1 million, respectively, and had non-GAAP free cash flow of $10.9 million and $38.7 million, respectively. These year-over-year decreases in quarterly cash flows from operations and non-GAAP free cash flow are mainly attributed to unfavorable changes in working capital, resulting mainly from the timing of payment of employee wages and the accrual of the annual bonus, and deferred revenue related to a large international implementation project. Summary of Financial Guidance CSG is updating its financial guidance for the full year 2022, as follows: For additional information and reconciliations regarding CSG’s use of non-GAAP financial measures, please refer to the attached Exhibit 2 and the Investor Relations section of CSG’s website at csgi.com. Conference Call CSG will host a conference call on Wednesday, November 2, 2022 at 5:00 p.m. ET to discuss CSG’s third quarter 2022 earnings results. The call will be conducted live and archived on the Internet. A link to the conference call is available at http://ir.csgi.com. In addition, to reach the conference by phone, call 1-888-412-4131 and use the passcode 2327393. Additional Information For information about CSG, please visit CSG’s web site at csgi.com. Additional information can be found in the Investor Relations section of the website. About CSG CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future, and tap into guidance along the way from our more than 5k-strong experienced global CSG services team. Want to learn more about how to be a change maker and industry shaper like our 1,000-plus clients? Visit csgi.com to learn more. Forward-Looking Statements This news release contains forward-looking statements as defined under the Securities Act of 1933, as amended, that are based on assumptions about a number of important factors and involve risks and uncertainties that could cause actual results to differ materially from what appears in this news release. Some of these key factors include, but are not limited to the following items: CSG derives approximately forty percent of its revenue from its two largest customers; Fluctuations in credit market conditions, general global economic and political conditions, and foreign currency exchange rates; CSG’s ability to maintain a reliable, secure computing environment; Continued market acceptance of CSG’s products and services; CSG’s ability to continuously develop and enhance products in a timely, cost-effective, technically advanced and competitive manner; CSG’s ability to deliver its solutions in a timely fashion within budget, particularly large and complex software implementations; CSG’s dependency on the global telecommunications industry, and in particular, the North American telecommunications industry; CSG’s ability to meet its financial expectations; Increasing competition in CSG’s market from companies of greater size and with broader presence; CSG’s ability to successfully integrate and manage acquired businesses or assets to achieve expected strategic, operating and financial goals; CSG’s ability to protect its intellectual property rights; CSG’s ability to conduct business in the international marketplace; CSG’s ability to comply with applicable U.S. and International laws and regulations; and CSG’s business may be disrupted, and its results of operations and cash flows adversely affected by the COVID-19 pandemic. This list is not exhaustive, and readers are encouraged to review the additional risks and important factors described in CSG’s reports on Forms 10-K and 10-Q and other filings made with the SEC. For more information, contact: John Rea, Investor Relations (210) 687-4409 E-mail: john.rea@csgi.com CSG SYSTEMS INTERNATIONAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (in thousands) CSG SYSTEMS INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME-UNAUDITED (in thousands, except per share amounts) CSG SYSTEMS INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-UNAUDITED (in thousands) EXHIBIT 1 CSG SYSTEMS INTERNATIONAL, INC. SUPPLEMENTAL REVENUE ANALYSIS Revenue by Significant Customers: 10% or more of Revenue Revenue by Vertical Revenue by Geography EXHIBIT 2 CSG SYSTEMS INTERNATIONAL, INC. DISCLOSURES FOR NON-GAAP FINANCIAL MEASURES Use of Non-GAAP Financial Measures and Limitations To supplement its condensed consolidated financial statements presented in accordance with generally accepted accounting principles (GAAP), CSG uses non-GAAP adjusted revenue, non-GAAP operating income, non-GAAP adjusted operating margin percentage, non-GAAP EPS, non-GAAP adjusted EBITDA, and non-GAAP free cash flow. CSG believes that these non-GAAP financial measures, when reviewed in conjunction with its GAAP financial measures, provide investors with greater transparency to the information used by CSG’s management in its financial and operational decision making. CSG uses these non-GAAP financial measures for the following purposes: • Certain internal financial planning, reporting, and analysis; • Forecasting and budgeting; • Certain management compensation incentives; and • Communications with CSG’s Board of Directors, stockholders, financial analysts, and investors. These non-GAAP financial measures are provided with the intent of providing investors with the following information: • A more complete understanding of CSG’s underlying operational results, trends, and cash generating capabilities; • Consistency and comparability with CSG’s historical financial results; and • Comparability to similar companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures are not measures of performance under GAAP, and therefore should not be considered in isolation or as a substitute for GAAP financial information. Limitations with the use of non-GAAP financial measures include the following items: • Non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles; • The way in which CSG calculates non-GAAP financial measures may differ from the way in which other companies calculate similar non-GAAP financial measures; • Non-GAAP financial measures do not include all items of income and expense that affect CSG’s operations and that are required by GAAP to be included in financial statements; • Certain adjustments to CSG’s non-GAAP financial measures result in the exclusion of items that are recurring and will be reflected in CSG’s financial statements in future periods; and • Certain charges excluded from CSG’s non-GAAP financial measures are cash expenses, and therefore do impact CSG’s cash position. CSG compensates for these limitations by relying primarily on its GAAP results and using non-GAAP financial measures as a supplement only. Additionally, CSG provides specific information regarding the treatment of GAAP amounts considered in preparing the non-GAAP financial measures and reconciles each n on-GAAP financial measure to the most directly comparable GAAP measure. Non-GAAP Financial Measures: Basis of Presentation The table below outlines the exclusions from CSG’s non-GAAP financial measures: CSG believes that excluding certain items in calculating its non-GAAP financial measures provides meaningful supplemental information regarding CSG’s performance and these items are excluded for the following reasons: Transaction fees are primarily comprised of interchange and other payment-related fees paid, in conjunction with the delivery of service to customers under CSG’s payment services contracts, to third-party payment processors and financial institutions by CSG. Because CSG controls the integrated service provided under its payment services customer contracts, these transaction fees are presented gross, and not netted against revenue; however, other payments companies who do not provide and/or control an integrated service present their revenue net of transaction fees. The exclusion of these fees in calculating CSG’s non-GAAP adjusted revenue provides management and investors an additional means to use to compare CSG’s current revenue with historical and future periods, as well as with other payments companies. Restructuring and reorganization charges are expenses that result from cost reduction initiatives and/or significant changes to CSG’s business, to include such things as involuntary employee terminations, changes in management structure, divestitures of businesses, facility consolidations and abandonments, and fundamental reorganizations impacting operational focus and direction. These charges are not considered reflective of CSG’s recurring business operating results. The exclusion of these items in calculating CSG’s non-GAAP financial measures allows management and investors an additional means to compare CSG’s current financial results with historical and future periods. Executive transition costs include expenses incurred related to a departure of a CSG executive officer under the terms of the related separation agreement. These types of costs are not considered reflective of CSG’s recurring business operating results. The exclusion of these costs in calculating CSG’s non-GAAP financial measures allows management and investors an additional means to compare CSG’s current financial results with historical and future periods. • Acquisition-related expenses include amortization of acquired intangible assets, earn-out compensation, and transaction-related costs. Transaction-related costs, which typically include expenses related to legal, accounting, and other professional services, are direct and incremental expenses related to business acquisitions, and thus, are not considered reflective of CSG’s recurring business operating results. The total amount of acquisition-related expenses can vary significantly between periods based on the number and size of acquisition activities, previously acquired intangible assets becoming fully amortized, and ultimate realization of earn-out compensation. In addition, the timing of these expenses may not directly correlate with underlying performance of the CSG’s operations. Therefore, the exclusion of acquisition-related expenses in calculating CSG’s non-GAAP financial measures allows management and investors an additional means to compare CSG’s current financial results with historical and future periods. • Stock-based compensation results from CSG’s issuance of equity awards to its employees under incentive compensation programs. The amount of this incentive compensation in any period is not generally linked to the level of performance by employees or CSG. The exclusion of these expenses in calculating CSG’s non-GAAP financial measures allows management and investors an additional means to evaluate the non-cash expense related to compensation included in CSG’s results of operations, and therefore, the exclusion of this item allows investors to further evaluate the cash generating capabilities of CSG’s business. • The convertible notes OID is the result of allocating a portion of the principal balance of the debt at issuance to the equity component of the instrument, as required under current accounting rules. This OID is then amortized to interest expense over the life of the respective convertible debt instrument. The interest expense related to the amortization of the OID is a non-cash expense, and therefore, the exclusion of this item allows investors to further evaluate the cash interest costs of CSG’s convertible notes for cash flow, liquidity, and debt service purposes. Gains and losses related to the extinguishment/conversion of debt can be as a result of the refinancing of CSG’s credit agreement and/or repurchase, conversion, or settlement of CSG’s convertible notes. These activities, to include any derivative activity related to debt conversions, are not considered reflective of CSG’s recurring business operating results. Any resulting gain or loss is generally non-cash income or expense, and therefore, the exclusion of these items allows investors to further evaluate the cash impact of these activities for cash flow and liquidity purposes. In addition, the exclusion of these gains and losses in calculating CSG’s non-GAAP EPS allows management and investors an additional means to compare CSG’s current operating results with historical and future periods. Gains or losses related to the acquisition or disposition of certain of CSG’s business activities are not considered reflective of CSG’s recurring business operating results. Any resulting gain or loss is generally non-cash income or expense, and therefore, the exclusion of these items allows investors to further evaluate the cash impact of these activities for cash flow and liquidity purposes. In addition, the exclusion of these gains and losses in calculating CSG’s non-GAAP EPS allows management and investors an additional means to compare CSG’s current operating results with historical and future periods. Unusual items within CSG’s quarterly and/or annual income tax expense can occur from such things as income tax accounting timing matters, income taxes related to unusual events, or as a result of different treatment of certain items for book accounting and income tax purposes. Consideration of such items in calculating CSG’s non-GAAP financial measures allows management and investors an additional means to compare CSG’s current financial results with historical and future periods. CSG also reports non-GAAP adjusted EBITDA and non-GAAP free cash flow. Management believes non-GAAP adjusted EBITDA is a useful measure to investors in evaluating CSG’s operating performance, debt servicing capabilities, and enterprise valuation. CSG defines non-GAAP adjusted EBITDA as income before interest, income taxes, depreciation, amortization, stock-based compensation, foreign currency transaction adjustments, acquisition-related expenses, and unusual items, such as restructuring and reorganization charges, executive transition costs, gains and losses related to the extinguishment of debt, and gains and losses on acquisitions or dispositions, as discussed above. Additionally, management uses non-GAAP free cash flow, among other measures, to assess its financial performance and cash generating capabilities, and believes that it is useful to investors because it shows CSG’s cash available to service debt, make strategic acquisitions and investments, repurchase its common stock, pay cash dividends, and fund ongoing operations. CSG defines non-GAAP free cash flow as net cash flows from operating activities less the purchases of software, property and equipment. Non-GAAP Financial Measures Non-GAAP Adjusted Revenue: The reconciliations of GAAP revenue to non-GAAP adjusted revenue for the indicated periods are as follows (in thousands): Non-GAAP Operating Income: The reconciliations of GAAP operating income to non-GAAP operating income for the indicated periods are as follows (in thousands, except percentages): (1) Restructuring and reorganization charges include stock-based compensation, which is not included in the stock-based compensation line in the tables above and following, and depreciation, which has not been recorded to the depreciation line item on the Income Statement. Non-GAAP EPS: The reconciliations of GAAP EPS to non-GAAP EPS for the indicated periods are as follows (in thousands, except per share amounts): (2) During the third quarter of 2021, CSG acquired a controlling interest in MobileCard, in which it had previously held only an equity interest in. Upon acquisition of the controlling interest, CSG recognized a non-cash loss in other income (expense) related to the fair value remeasurement of the pre-existing equity investment. (3) For the third quarter and nine months ended September 30, 2022 the GAAP effective income tax rates were approximately 33% and 26%, respectively, and the non-GAAP effective income tax rates were 27.5% for both periods. For the third quarter and nine months ended September 30, 2021 the GAAP effective income tax rates were approximately 28% for both periods, and the non-GAAP effective income tax rates were 27% for both periods. (4) The outstanding diluted shares for the third quarter and nine months ended September 30, 2022 were 31.2 million and 31.5 million, respectively, and for the third quarter and nine months ended September 30, 2021 were 32.0 million for both periods. Non-GAAP Adjusted EBITDA: CSG’s calculation of non-GAAP adjusted EBITDA and the reconciliation of CSG’s non-GAAP adjusted EBITDA measure to GAAP net income is provided below for the indicated periods (in thousands, except percentages): (5) Interest expense includes amortization of deferred financing costs as provided in Note 6 below. (6) Amortization on the statement of cash flows is made up of the following items for the indicated periods (in thousands): Non-GAAP Free Cash Flow: CSG’s calculation of non-GAAP free cash flow and the reconciliation of CSG’s non-GAAP free cash flow measure to cash flows from operating activities are provided below for the indicated periods (in thousands): Non-GAAP Financial Measures – 2022 Financial Guidance Non-GAAP Adjusted Revenue: The reconciliation of GAAP revenue to non-GAAP adjusted revenue, as included in CSG’s 2022 full year financial guidance, is as follows: Non-GAAP Operating Income: The reconciliation of GAAP operating income to non-GAAP operating income, as included in CSG’s 2022 full year financial guidance, is as follows (in thousands, except percentages): Non-GAAP EPS: The reconciliation of GAAP EPS to non-GAAP EPS as included in CSG’s 2022 full year financial guidance is as follows (in thousands, except per share amounts): (7) For 2022, the estimated effective income tax rate for GAAP and non-GAAP purposes is expected to be approximately 29% and 27.5%, respectively. (8) The weighted-average diluted shares outstanding are expected to be approximately 31.4 million. Non-GAAP Adjusted EBITDA: CSG’s calculation of non-GAAP adjusted EBITDA and the reconciliation of CSG’s non-GAAP adjusted EBITDA measure to GAAP net income is provided below for CSG’s 2022 full year financial guidance (in thousands, except percentages): Non-GAAP Free Cash Flow: CSG’s calculation of non-GAAP free cash flow and the reconciliation of CSG’s non-GAAP free cash flow measure to cash flows from operating activities is provided below for the indicated period (in thousands): Contact Details CSG John Rea +1 210-687-4409 tammy.hovey@csgi.com Company Website https://www.csgi.com

November 02, 2022 02:01 PM Mountain Daylight Time

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Intus Care Closes $14.1M Series A to Advance Adoption of First-of-its-kind Predictive Analytics Platform for Geriatric Populations

Intus Care

Intus Care, developer of an innovative predictive analytics platform aimed at improving geriatric care outcomes, today announced the close of its Series A, securing over $14M led by Deerfield Management. Other undisclosed investors contributed to the raise through additional cash investments and conversion of existing debt. Founded in 2019 by Brown University undergraduate students, Intus Care’s mission is to empower geriatric care providers through data to deliver more effective patient management and treatment for dual-eligible seniors -- some of the most socially vulnerable and clinically complex people in the U.S. “We are extremely impressed both by the impact that Intus Care’s technology is poised to have on patient outcomes, and by the passion and dedication of its team,” said Dr. Julian Harris, operating partner at Deerfield Management. “We are proud to invest in a company we believe will be vital to revolutionizing geriatric care.” Intus Care’s technology platform enables care providers to mitigate preventable high-utilization events, track quality interventions, and equip healthcare management teams with vital actionable insights to make informed decisions for senior patients to improve their health outcomes. Its digital healthcare platform integrates with electronic health records, claims, and accounting software to highlight clinical risks in patients and display organizational data. This offers a holistic view of each patient in an organization, allowing healthcare teams to better plan, manage, and provide quality care to the most vulnerable senior populations in our communities. “To have an investor as esteemed in the healthcare industry as Deerfield Management recognize our value enough to lead our Series A is truly humbling,” said Robbie Felton, CEO and co-founder of Intus Care. “As a child, I watched my mother – then a geriatric social worker in Detroit – navigate the obstacles of caring for a disadvantaged population. Today, it makes me extremely proud to be providing caregivers with predictive analytics technology that will allow them to make more informed decisions for their patients that may lead to better outcomes.” Intus Care currently works with over 25 PACE Programs in 13 states who are utilizing its first-of-its-kind predictive analytics platform and entered a Letter of Understanding with the National PACE Association to pursue a strategic partnership. “Robbie and I are proud to be impacting the elder care space, and also hope to inspire other young entrepreneurs of color,” said Evan Jackson, COO and co-founder of Intus Care. “We are very appreciative to have earned the support of Deerfield Management and our other investors and are excited by the possibilities that their investment will enable us to actualize.” The latest investment round will position the company to maximize greater technological opportunities through data, honing product strategy that will support a major scale-up of their current service offerings. They also plan to grow their human capital by attracting, hiring, and retaining strong talent committed to their mission. About Intus Care Intus Care synthesizes data to improve care and reduce hospitalizations for some of the most socially vulnerable and clinically complex patients in today’s healthcare system – senior citizens. The company has created a unique data-driven predictive analytics platform designed for organizations such as PACE programs, nursing homes, long-term care facilities, and home care agencies. It easily integrates with existing electronic health records, claims, and financial software to automatically extract and analyze data. By highlighting participant risk and care-focused information, the Intus Care software empowers clinicians, nurses, and other care providers by informing decisions that improve outcomes and reduce unnecessary costs. Learn more at intuscare.com. Contact Details SVM Public Relations Jordan Bouclin +1 401-490-9700 intuscare@svmpr.com Company Website https://www.intuscare.com/

November 02, 2022 10:40 AM Eastern Daylight Time

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XPOINT VERIFY LIVE WITH MOJO

Xpoint Technology

Xpoint’s partner portfolio has increased again with the addition of Mojo, the sports stock market led by visionary founders Marc Lore, Alex Rodriguez, Vinit Bharara, and Bart Stein, that is live now in New Jersey. This latest announcement marks another major step in the growth and development of Xpoint as it establishes itself as the geolocation technology specialists of choice for sports betting and iGaming operators across North America. Xpoint’s real-money gaming product, Xpoint Verify, is powering Mojo’s geolocation technology services in New Jersey where both Mojo and Xpoint are state licensed. Mojo is live now, giving sports fans a new way to cash in on their sports knowledge and passion. “Being licensed in New Jersey enables us to work with world-class companies like Mojo, and we’re honored to be part of their team as they take their revolutionary product to market,” commented Marvin Sanderson, Xpoint CEO and Co-Founder. “We’re expecting to see a very busy end to 2022 for our team, and even more so as we look towards 2023 and beyond as we continue to grow, and add more partners to the world-class list of companies we’re already working with.” “Xpoint has been an integral part of our recent launch in New Jersey,” added Vinit Bharara, Co-Founder and CEO of Mojo. “We’re pleased to partner with Xpoint as our geolocation technology provider as we bring our first-of-its-kind sports stock market to fans.” Xpoint Verify is Xpoint’s real money gaming geolocation product, and is offered alongside Xpoint Lite, the go-to option for Daily Fantasy Sports (DFS) operators. Embedded within partner platforms (web and apps), Xpoint Verify provides operators with state-of-the-art geolocation technology which helps ensure they meet North American regulatory and compliance standards, and uses location data to help them unlock the true potential of their geolocation investment. For more details, please go to xpoint.tech and follow Xpoint on social media via LinkedIn. ABOUT XPOINT Xpoint provides essential geolocation security solutions and intelligent location-based marketing insights to the global sports betting and iGaming industries. Xpoint’s innovative Verify and Lite platforms ensures partners meet their regulatory geo-compliance obligations, and deliver enhanced value through the generation of location-based data that can drive marketing programs. Recently nominated for two 2022 SBC North America Awards, Xpoint was founded in 2019 and officially unveiled in Las Vegas in 2021, and is led by the company's CEO and Co-Founder Marvin Sanderson, a global sports betting and iGaming industry leader. With North American offices in Toronto, Canada and Miami, Florida, Xpoint is changing the global geolocation market, bringing innovation to an industry that has, to date, viewed geo-compliance as a utility, not a new business opportunity. For more information, visit xpoint.tech and follow LinkedIn and Twitter for regular updates. ABOUT MOJO Mojo is the sports stock market that lets fans use their knowledge and intuition like never before. Mojo gives you the opportunity to make real money bets on an athlete’s career prospects, with real-time price changes and instant liquidity, meaning users can enter or exit their position at any time, just like a stock. The company was co-founded by MLB legend Alex Rodriguez and serial entrepreneurs Marc Lore, Vinit Bharara and Bart Stein. Contact Details Xpoint Tom Webb +1 512-952-9369 tom.webb@xpoint.tech Company Website https://xpoint.tech/

November 02, 2022 09:00 AM Eastern Daylight Time

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Oasys Partners with YGG Japan to Deepen Global Access to Marketing Support for Blockchain Gaming in Japan

Oasys

SINGAPORE - Media OutReach - 2 November 2022 - Oasys, an environmentally-friendly and gaming optimized blockchain built by gamers for gamers, today announces that it has formed a strategic partnership with YGG Japan, a blockchain games guild, to promote blockchain gaming ecosystem development and growth in Japan. The partnership will see Oasys and YGG Japan working together to promote the blockchain gaming ecosystem in Japan by providing global game developers access to networking opportunities and marketing resources in the local market, targeted at Japanese gamers. As part of the collaboration, game developers building on Oasys' blockchain will be able to access preferential support on marketing and promotional services provided by YGG Japan, as well as leverage both YGG Japan and Oasys' extensive ecosystems for further networking and growth opportunities. Daiki Moriyama, Director, Oasys, said: "As the third largest gaming market in the world, Japan's gaming credentials are well-established. With the government continuing to invest in building the local Web3 infrastructure, there is now tremendous potential for blockchain gaming to grow globally with Japan serving as a launchpad. Through collaborations with strong ecosystem partners such as YGG Japan, we firmly believe that the whole is greater than the sum of its parts, and will support game developers worldwide with resources to help their business expansion strategies in Japan. " Tetsuya Fujiwara, Co-Founder, YGG Japan, added: "Japan has a substantial gaming market and is well-positioned for a blockchain gaming renaissance. As the first and most-established gaming guild in Japan, YGG Japan seeks to contribute to the Japanese blockchain gaming market by addressing the common growth issues that many local game developers face. With these barriers to entry reduced, we can bring more users into the blockchain gaming space and enhance the ecosystem for all. Our partnership with Oasys will help us to reach even more developers that are building compelling blockchain games of the future. " Oasys' partnership with YGG Japan follows the announcement of Oasys' Mainnet launch, the first phase of which commenced on 25 October. With several major gaming companies including Square Enix, SEGA, Bandai Namco Research, Ubisoft and Netmarble having joined as initial validators, Oasys will continue to focus on building better experiences and pave the way for mainstream adoption of blockchain games. About Republic Capital Republic Capital is a multi-stage venture capital firm focused on accelerating disruptive innovations. R/Capital's franchise in technology investing continues to grow significantly, and seeks to invest in companies at the cusp of commercialization, with a focus on enterprise, fintech, deep tech, and web3. Republic Crypto has a full suite of services including: tokenomics, tokenization, capital support, business development, growth + marketing, and token offerings. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionizing the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. For more information, please visit: Website: https://www.oasys.games Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About YGG Japan YGG Japan (YGGJ) aims to lead Japanese gamers beyond "Play to Earn" to a world of "Play and Earn". YGGJ also supports Japanese game companies in launching their blockchain games to the world. Many worldwide IPs have been created in Japan so far, and many game companies are respected around the world. YGG Japan and the YGG Group support the global expansion of Japanese content. Contact Details Vanessa Low oasys@wachsman.com Company Website https://www.oasys.games/

November 02, 2022 09:00 AM Eastern Daylight Time

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Anna Demeo joins Vehicle-to-Everything Leader Fermata Energy as Chief Product Officer

Fermata Energy

Fermata Energy, the leader in vehicle-to-everything (V2X) charging systems, today announced it has named Anna Demeo, PhD, as the company’s first Chief Product Officer. In this role, Demeo will oversee R&D and the continued development of the company’s proprietary V2X bidirectional charging system. To meet the increasing demand from fleet managers, utilities and automotive OEMs, Demeo will direct the continued development of the company’s industry-defining products and platform. Day-to-day, Demeo will oversee the product, hardware, software, and data sciences teams and will work closely with Fermata Energy’s Chief Technology Officer Glenn Skutt. “Anna is well known throughout the energy sector for her leadership in bringing innovative solutions to market and for forecasting trends,” said Fermata Energy Founder and CEO David Slutzky. “Her depth of experience, wealth of knowledge, and connections in the industry will help Fermata Energy drive its innovative technology further into the EV charging and utility marketplace.” Demeo previously served as Co-founder and President of Racepoint Energy, a flexible load management and microgrid technology company. Racepoint Energy was acquired by Savant Systems, Inc., the parent company of GE Lighting and Savant Power, where she served as Savant’s Chief Technology Officer. Demeo holds a number of patents and has authored numerous articles on climate change, renewable energy, and smart grid utilization. She also serves as an Associate Professor of Sustainable Design Engineering at the University of PEI in Canada. “Fermata Energy is redefining how utilities and companies value and dispatch electric vehicles. Our V2X platform delivers a positive ROI to EV fleet operators, while affordably and quickly serving as a resource that supports grid resilience,” noted Demeo. “With projects that are earning their customers thousands of dollars per EV per year, Fermata Energy is now scaling the industry. This is an important and exciting time to join the company and work directly in this industry.” Demeo joins the Charlottesville, VA-based company shortly after it announced the upcoming release of the FE-20, the company’s newest bidirectional charger. With multiple commercial projects already successfully deployed with its FE-15 bidirectional charger, Fermata Energy is adding the second commercial charger option with the FE-20 to meet the increasing demand for V2X installations. V2X includes both vehicle-to-grid (V2G) and vehicle-to-building (V2B) projects. Fermata Energy bidirectional chargers both charge and discharge the energy stored in EV batteries and enable customers to earn revenue from their local utility while their EVs are parked. Fermata Energy has installed commercial bidirectional charging systems across the United States that are earning companies thousands of dollars per EV per year. Examples include the City of Boulder, The Alliance Center (Denver) and the Burrillville Wastewater Treatment Facility. Fermata Energy recently announced a deployment with Revel, a ride-share company in New York. About Fermata Energy. Park It. Plug It. Profit.™ Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase energy resilience, and reduce energy costs. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn. Contact Details North Coast Strategies Daniel Cherrin +1 313-300-0932 dcherrin@northcoaststrategies.com Company Website https://www.fermataenergy.com

November 02, 2022 08:12 AM Eastern Daylight Time

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GoBubble and World-Cup Winner-backed Striver Launch Partnership to Tackle Online Abuse

GoBubble Media Centre

SPORTS stars and fans can safely interact thanks to a partnership with World Cup Winners, Striver, and global AI provider GoBubble. Striver, which is the brainchild of Entrepreneur Tim Chase and international football legends Gilberto Silva and Roberto Carlos, is a user-generated content platform that aims to change the way people use social media by creating a toxicity-free online environment that allows users to engage in meaningful discussions and share their progressing talents, without the fear of online abuse and bullying. Safety is the core ingredient and Striver selected global AI provider GoBubble after extensive market assessment. Online safety and protecting users from digital harm are of huge importance, ensuring that user profiles, user-generated content, and comments are moderated. GoBubble are pioneers in content moderation technology with their Emotion AI. Instead of keywords or context analysis, Emotion AI scans for UGB (user-generated behaviour) across multiple languages in text, image, video, audio, and emojis to identify and block toxic and potentially harmful content. Co-Founder and CEO at the majority female-run GoBubble, Danielle Platten, said: “We’re proud of the global impact Emotion AI is having in reducing revenue-harming experiences in platforms and saving the human cost of toxic content, for both users and the need for human moderators. “It’s wonderful to unveil the power of Emotion AI at Web Summit through its integration with Striver. We’ve already seen a massive impact from supporting clients in esports, gaming, sports, and corporates, so to be able to help future generations of football enthusiasts in this way is fantastic.” Tim Chase, Striver CEO, said: “For us, there was only one provider we wanted to work with, GoBubble. Their pedigree in innovation and the fact we can use their easy system to build our own content moderation AI meant we could achieve our ambition of changing the way people use social media, creating new ways for fans to interact with their heroes and giving users an online community where they can share their talents without the fear of being abused. Using GoBubble’s Emotion AI we have been able to gamify sentiment, allowing users to build a sentiment rating based on their positive interactions on the platform.” GoBubble’s global-patent-pending AI offers above 90% accuracy (market average is between 70 and 80%) and is fully bespoke to a client. They have the user-friendly building blocks to know they can shape their very own AI to support their commercial objectives. All this includes a personalised analytics dashboard for a deeper understanding of the sentiment within their platform. The technology was created to address the ever-increasing issue of online abuse, by experts in the field of digital safeguarding, law enforcement, online trust and safety, and big tech including Google, Facebook, and Twitter. About GoBubble GoBubble’s Emotion AI technology helps organisations around the globe to create safer, healthier, kinder digital communities. The company is majority female-run, with the Chair and CEO being Danielle Platten (Global Tech Entrepreneur and former Safety Advisor Member at Twitter) and Patricia Cartes-Andres as Board Advisor for Trust and Safety (former Head of Trust and Safety at Twitter, Facebook and previously Google). Facebook’s first Director of Public Policy, Tim Sparapani, is Board Legal Consultant and Co-Founder and Innovation Lead Henry Platten was previously a Police Sergeant and is a global digital safeguarding specialist and Safeguarding Advisor to the Global Esports Federation. Twitter @GoBubbleTeam LinkedIn https://www.linkedin.com/company/gobubble Instagram @GoBubbleTeam For GoBubble media enquiries or for more information about the tech, please contact GoBubble - Chief Communications Officer, Laura Watson at laura@gobubblehq.com or +44 (0)7379 388 110 (UK) Contact Details GoBubble Laura Watson - GoBubble - Chief Communications Officer +44 7379 388110 laura@gobubblehq.com

November 02, 2022 04:30 AM Eastern Daylight Time

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Instant Crypto Swaps with the Best Mobile Crypto Exchange App from StealthEX

StealthEX

StealthEX has been providing crypto services for its users since 2018. To make the crypto swaps even more accessible, the platform has just released a new user-friendly mobile app that will let you initiate crypto exchange while on the go. The StealthEX mobile app is the best crypto exchange app available in Google Play Store along with other apps for Android, and can be downloaded as a.apk file. The app is just as sleek and stylish as the non-custodial platform and can be easily used to access crypto swaps at any time from anywhere in the world. From now on, users will be able to effortlessly exchange cryptocurrencies or buy a number of digital assets with their credit/debit cards. To top it off, the crypto exchange mobile app comes feature-packed. It contains a set of useful features, including: A vast crypto collection – over 600 crypto assets at your disposal. Exchange history is kept in the app for you to track your swaps. Watchlist to stay informed about the prices 24/7. Crypto rates in a comprehensive overview. Floating or fixed rate swaps when you need more flexibility. Competitive rates collected from a variety of trusted crypto providers. Full transparency to let you learn how to navigate the app quickly and easily. No sign-up for the app is required. Best Mobile Crypto App from an Established Platform The new StealthEX app lets you gain access to the best platform’s features that are the reasons why hundreds of people use the service every day. The main product on offer is their instant non-custodial exchange. Customers’ privacy stands at the top of the list, and in this exchange model, users are not required to provide personal information to swap crypto. The platform has been on the market since 2018. With over 600 asset pairs, it delivers a wide selection of options for traders and crypto enthusiasts alike. StealthEX has been a trusted partner in millions of crypto swaps around the world. Besides delivering exchange services, the cryptocurrency exchange platform offers the option to purchase cryptocurrency with a debit or credit card. All transactions are done via a credit card, for this purpose, the most popular currencies (USD, EUR, GBP, and more) are accepted. If you are looking to purchase crypto, you can choose one of the 9 crypto assets available, including Bitcoin, Ethereum, and Tron. The process is private, and everyone can buy this digital asset instantly without learning much about cryptocurrencies, worrying about their anonymity and safety of their digital assets. For fiat transactions totaling more than €900 in value, know your customer (KYC) regulations come into play, so users must provide identifying information before they can complete their transaction. However, if your exchange amount is less, you can skip that – no registration or IDs are needed. More SteathEX Features The platform allows for non-custodial cross-chain swaps and lets you use their services regardless of where you’re based. It has partnered with many big cryptocurrency exchanges like Binance, Okex, KuCoin, etc. and lets you use their services without the need for registration. StealthEX does not have upper limits for the exchanges done through their platform – you can exchange as much as you want. As for the minimum amounts, you will only need to have enough to cover the network fees. Since cryptocurrencies are highly volatile, StealthEX has introduced fixed rate exchanges. And anyone can make precise crypto-to-crypto swaps. The platform’s developers believe that cryptocurrency management should be simple – just like StealthEX’s floating rate exchanges, the fixed options are accessible to anyone with just a few clicks. Beginners and experienced crypto experts will spend very little time on website navigation, as StealthEX’s user-friendly interface makes it easy to exchange crypto. StealthEX does not provide wallets, so you’ll need to already have a crypto wallet or create/download one before making a trade. StealthEX Affiliate Program The platform has developed with time, and the platform has launched a simple, but efficient Affiliate Program that provides businesses, content creators, YouTubers, and other crypto fans with several earning opportunities. Depending on the user’s needs, several affiliate tools are available. A product owner that would like to expand their platform, make extra profit on swaps, and allow their users to exchange crypto assets via the owner’s interface, can use the all-in-one API integration. It’s simple to integrate StealthEX into any web application – the public API is open for everyone via Postman and is very simple to build into an existing product. Alternatively, a social media influencer can use the service’s referral link and recommend StealthEX to your audience, while earning crypto as their fans use the exchange services. The progress can be checked in the personal cabinet – all the transactions and earnings are recorded there. StealthEX has also recently added a crypto widget that will prove beneficial for influencers, website owners, and review platforms. Embed StealthEX widget into your website and have a full-flow crypto exchange built into any page. All swaps grant you a 0.4% profit. The Affiliate Program by StealthEX will be irreplaceable for those users that have their own website or blog and are looking for new ways of making revenue off it. Conclusion As you can see, StealthEX platform offers an extensive set of features that will let you make swaps between different cryptocurrencies while also remaining user-friendly and easily accessible. And from now on, StealthEX feature-packed crypto exchange app will let you keep your preferred crypto at the tips of your fingers! About StealthEX StealthEX is an instant cryptocurrency exchange for limitless swaps. The service is free from registration and does not store user’s funds on the platform. StealthEX is the best place to buy cryptocurrency. 600+ assets are available for quick and easy exchanges. Data privacy and security is a top priority for StealthEX, so all the swaps are non-custodial, and forever will be. Contact Details StealthEX Vadim Taszycki vadim@stealthex.io Company Website https://stealthex.io/

November 01, 2022 12:02 PM Eastern Daylight Time

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AML Expert John Arvanitis Joins Treliant to Lead Global Financial Crimes Compliance Business Unit

Treliant

Treliant, an essential consulting partner to the global financial industry, has named John J. Arvanitis, a recognized leader in the field of anti-money laundering (AML), Know Your Customer (KYC), Sanctions, and law enforcement, to the position of Senior Managing Director, Global Financial Crimes Compliance. In this capacity, John will step in to lead one of the longest standing cornerstone business units at Treliant, with an emphasis on rapidly expanding the fraud, client onboarding, KYC, and managed services practice groups. John will also be a member of the executive leadership team, contributing to the overall strategy and operational direction of the company. “John’s appointment underscores Treliant’s strategic commitment to providing effective, technology enabled and cost-efficient solutions in the field of financial crimes compliance at a time when the growing volume and sophistication of these crimes present considerable risk to our clients,” said Treliant CEO David Samuels. “John has over 25 years of global, hands on experience, and a unique perspective as a former DEA leader focused on disrupting money launderers, which he will bring to the role and will apply as he advises our clients on their financial crimes compliance needs.” Prior to joining Treliant, John spent over 7 years as Managing Director in the Compliance Risk and Diligence practice of Kroll, advising financial institutions and global multinational clients on comprehensive risk-based approaches to address the full range of financial crimes compliance matters. In his previous 27-year career with the U.S. Justice Department’s Drug Enforcement Administration, he held senior positions including Special Agent in Charge of the New England Field Division, Senior Executive Service Member, and Chief of the DEA’s Global Financial/Money Laundering Operations in Washington, DC. At the DEA, he developed and led numerous initiatives to stop transnational organized crime syndicates involved in money laundering and other finance-related activities. “Treliant enjoys a stellar reputation and is a trusted provider of governance, risk, and compliance solutions to financial institutions globally. I see this as a unique opportunity to partner with an incredibly talented and seasoned team that is dedicated to delivering exceptional, technology enhanced solutions that help our clients combat financial crimes” said John. “I look forward to leading the business unit and working with the team to expand our services in order to meet the ever-changing needs of our clients.” About Treliant Treliant is a consulting firm serving banks, mortgage originators and servicers, FinTechs, and other companies providing financial services globally. We are led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help our clients drive business change and address the most pressing compliance, regulatory, and operational challenges. We provide data-driven, technology-enabled advisory, implementation, and staffing solutions to the regulatory compliance, risk, financial crimes, and capital markets functions of our clients. Founded in 2005, Treliant is headquartered in Washington, DC, with offices in New York, London, Belfast, Northern Ireland, and Łódź, Poland. For more information visit www.treliant.com. Contact Details Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

November 01, 2022 11:15 AM Eastern Daylight Time

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