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Tech cross-border M&A sustained bullish pace in 2020 according to data from Velocity Global and Pitchbook

Velocity Global

Cross-Border M&A Monitor: Tech Sector released today $200B cross-border IT M&A deal value in 2020 matches 2019 Cross-border IT deal volume accelerated in the second half of 2020 Cross-border IT M&A deal values in 2020 equaled that of 2019, outpacing overall global IT M&A deal value, which was down year-over-year. That data provided by Pitchbook was reported today in the Cross-Border M&A Monitor: Tech Sector published by Velocity Global, the leading provider of global expansion solutions. “Cross-border IT M&A accelerated significantly the second half of 2020 after dealmakers briefly paused at the onset of the pandemic,” said Rob Wellner, Velocity Global chief revenue officer. “Armed with more than a trillion dollars in dry powder at the end of 2020, PE firms represented a record share of the overall volume and helped bolster the deal count. We expect the surge to persist throughout 2021 and drive the need to close fast, move efficiently, and remove roadblocks to close.” Cross-border IT M&A Resilience Cross-border IT M&A remained integral to company growth plans. In 2020, cross-border IT M&A deal value topped $200 billion, approximately the same as the year prior. Furthermore, the cross-border IT deal count paced closely with a record-setting 2019 (1,326 transactions in 2020, 1,551 in 2019). These figures indicate COVID-19 only impacted a brief pullback in Q2 and did not dissuade dealmakers from paying up for transactions. “The global surge in demand for tech services driven by COVID-19 accelerated growth and M&A deals in the tech sector,” observed Wellner. “Remote work, digital health, and e-commerce exploded in 2020 and drove deal activity to keep pace or capitalize on an opportunity to serve enterprise and consumers alike.” Software, IT Services, and Telecommunications top deal sectors At the macro-level, software closed more deals and generated more deal value than any other IT subsector. However, both IT services and telecommunications saw significant spikes in deal value in the past two years. The same held true year over year for cross-border activity. Europe Remained Most Resilient Region; U.S. Tech Giants Bolstered Global Dealmaking Europe remained the most resilient region for cross-border tech M&A. For the second straight year, cross-border M&A value eclipsed $100 billion in Europe, and the region continued to dominate volume with approximately 800 deals (60% of overall cross-border tech volume). This resilience was driven by cyclical consolidation in sectors such as enterprise software and telecommunications. M&A also remained an attractive access point to markets across the continent. Cross-border Carve-outs Remain Complex 2020 cross-border IT carve-out M&A volume was just two-thirds of 2019, and these deal values dropped for a second year in a row. Software deals drove the decline in average cross-border carve-out deal size. The proportion of software carve-outs dropped by almost half from 2019 to 2020, with aggregate value falling by roughly two-thirds. Carve-outs are more complicated than outright, wholesale acquisitions. The need to ensure proper integration plans, conduct operational and financial due diligence, assess isolated financials, as well as overall technology risks in terms of licensing, and transition service agreements (TSAs) make carve-outs extremely complex. Given the geopolitical landscape and the trend toward pricier acquisitions, intellectual property and rights agreements that necessitated daunting TSAs made it more difficult to justify spending significant sums on individual business units or divisions, particularly in software, rather than on outright M&A or in-house development. Hurdles Remained The pandemic presents additional challenges to existing complexities for prospective cross-border buyers and sellers. From a personnel perspective, immigration and recruiting to maintain or grow talent levels are logistically and operationally complex. Nondomestic regulations also thwart nondomestic direct investment and derail deals. Post-merger integration takes longer due to remote communications. Given these hurdles, there was an increased caution brought on by COVID-19, and M&A went forward primarily for safer prospects. Added Wellner, “Companies must prioritize the ‘human element’ in a cross-border transaction. They must solve for employee onboarding, country-specific regulations, and legal jurisdiction management to minimize operational risks and accelerate market entry. Instead of creating foreign entities, companies increasingly implement a flexible solution like International PEO to avoid complicated TSAs, close quickly, and create a competitive advantage.” Download the Cross-border M&A Monitor: Tech Sector here. ABOUT VELOCITY GLOBAL Velocity Global helps companies grow globally. Founded in 2014, Velocity Global’s clients rely on its expertise and global infrastructure in 185 countries to hire compliantly around the world, increase revenue, scale efficiently, and access global talent. Named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall, Velocity Global is a strategic partner to its clients with comprehensive services led by its core offering of International PEO as well as Immigration, Entity Setup and Support, Global Talent Acquisition, and Consulting. Velocity Global is headquartered in Denver, Colorado, with regional headquarters in Amsterdam and Singapore, and local employees in 14 countries. Contact Details Velocity Global John Hall +1 720-650-4348 johnhall@velocityglobal.com Company Website https://velocityglobal.com/

February 18, 2021 07:02 AM Mountain Standard Time

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How to Eliminate Market Recovery Using an IUL by Jennifer Lang Financial Services.

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

February 16, 2021 10:05 AM Eastern Standard Time

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Family-Owned Minuteman Press Franchise in East Indianapolis Shows Print Is Essential

Minuteman Press International Inc

Diana Renollet bought her Minuteman Press franchise located at 9105 E. 56th St., Suite E, in May 2020. Minuteman Press East Indianapolis is an essential business, so Diana and her team have spent their first nine months supporting local businesses and community groups with critical printing, marketing, and communication services during the COVID-19 pandemic. She says, “ Owning our own family business is a dream come true. I had done my research, and when the opportunity came I was ready.” After 33 years of working for others, Diana further explains, “With my own business, I feel like I am no longer wasting away years of my life on conference calls working for someone else. I am not answering to someone before making my own decisions. It makes me feel free being my own boss.” Supporting Local Businesses During COVID-19 Under Diana’s leadership, it is no surprise that Minuteman Press in East Indianapolis has been working hard on proactive community outreach and providing personalized local customer service. She says, “Being an essential business means we can support other local businesses and organizations who are also essential and operating as well as those who are reopening. We design and print custom orders for items they are using right now such as face masks, banners, menus, and more. It’s great that they know we are here for them as their trusted local business partner.” She continues, “For example, we are members of the Lawrence Chamber of Commerce and fulfilled an order for 200 face masks. We have also donated to their Toy Drive as well as to the Lawrence Police Dept. Explorers program. We love what we do and it’s gratifying to be involved and give back to our local community who supports our essential business.” Even before becoming a business owner, community involvement was important to Diana. She says, “For the past five years, I have been the Vice President of the non-profit organization Indy Blue Star Mothers, which supports parents of children who are actively serving in the military or who are Veterans. I have also become a member of the Sertoma Club of East Indianapolis. Now that I own this business, I feel even more connected to my neighbors.” “At Minuteman Press, we print everything while providing outstanding local customer service. I love getting engaged in client projects and bringing them to life. Our mindset is to provide a positive experience from beginning to end.” -Diana Renollet, Minuteman Press franchise owner, East Indianapolis Print is Essential Diana’s passion for the printing industry and her business is readily apparent to her clients and anyone she speaks to. She says, “Everywhere I look I see print opportunities and I know I can help my clients promote their businesses. From billboards to street signs, whether indoors or outdoors, every letter or image you see is created digitally and printed. I cannot help but get excited when I talk about this industry and the many ways we are able to promote your business through print.” Diana enjoys being the face of her business and has fully embraced the Minuteman Press franchise system including their marketing programs. The fact that she is a printing and marketing services provider herself allows her to implement effective strategies. She says, “The key is to market, market, market. I have made countless phone calls simply letting our customers know that we are open and ready to help. I have sent out several hundred letters to customers making them aware of special discounts and promotions. We send back goodies of some sort with every order that is delivered to our customers. Sometimes we make goodie bags for our customers or send donuts from the shop next door.” Diana continues, “On every box that goes out of our center and back to a customer, we put a note that says, ‘Your business is greatly appreciated and we look forward to working with you.’ This is really important to me. If we deliver four boxes back to a customer, when they open that second, third or fourth box, I want them to be reminded again and again that their business is appreciated and valued.” Minuteman Press also uses proprietary FLEX software that helps Diana keep track of her marketing efforts. “I am staying 4 to 6 weeks ahead on sending out reminder emails and USPS mailers reminding the customer it is time to work on their project. Every day, I look at the different marketing opportunities available in FLEX and act on them. I also look ahead to future opportunities. For example, I am in the process of sending out mail with offers for relevant businesses looking to promote themselves during the upcoming tax season.” What keeps customers coming back to Diana and her team at Minuteman Press in East Indianapolis is their complete positive customer experience. “Every time a client comes to our center, we want them to feel comfortable and appreciated. We offer them coffee or water bottles and a free donut coupon for the donut shop next door to us.” The little things add up to make a big difference, and Diana sees that clearly. “Many years ago, I was the inspiration behind a national campaign. It was called the Celebrate Every Day Campaign. I find something to celebrate about every single day. Sometimes it’s grand, and sometimes it’s small. It is a mindset and just a real nice way to live. It has helped me tremendously as I manage my business during this global pandemic.” From Employee to Minuteman Press Franchisee Prior to franchising with Minuteman Press, Diana worked in various business and management roles around the printing industry for 33 years. “I worked for several companies and wore many hats. I’ve done everything from graphic design and printing to on site management. Most recently, I worked as On Site Manager at the Kroger Central Division Office in Indianapolis where I tripled my team and made the Division cost-efficient. I did hundreds of thousands of printing per month, along with producing anything else that was requested.” Why Minuteman Press? Diana answers, “I liked the idea that Minuteman Press had already created a plan for success and I liked their plan. I also liked knowing that the FLEX software that Minuteman Press created and used would do everything from bringing me new potential customers daily to predicting reorders, quoting, creating work orders, invoices, and exporting accounting data directly into QuickBooks.” She continues, “Minuteman Press has done exactly what they said they would do as far as support. Someone is only a call, text or email away when I have had any questions. I have all of the freedoms of running my own business but I when I need support they are right there for me every time.” “Diana Renollet is a tremendous asset to her business community and to the Minuteman Press family. She truly cares about her clients and I am proud of her hard work in building her business in East Indianapolis. Diana follows the Minuteman Press franchise system and communicates effectively. I look forward to continuing to work with her and provide local support to her business.” -Steve Szymanski, Minuteman Press International Regional Vice President, Midwest Meet the Family Behind the Business When Diana made the decision to follow her dream, she knew she could count on her family to support her. She says, “My husband Brian is my best friend and my rock. He supported my decision to become part of the Minuteman Press franchise family from the first day I mentioned it until the day we signed the papers. Although he has maintained his current career path, he is a huge part of helping me run this business. Our wedding song was ‘You’re My Best Friend’ by Queen and I am so happy to take this new journey in my career with him.” She also credits her father as being instrumental in giving her the confidence to transition from her career to entrepreneurship. “My dad has been my go-to person and was really instrumental in making me realize this dream. Other than my husband, my dad was the only person who knew I was looking to take this leap. We talk every single day after work and he loves hearing what orders we received and how everything is going. He is so excited I am doing this and he is the one who taught me the value of hard work. My dad is truly a wonderful man.” It is clearly evident that family means everything to Diana. “My husband and I have 4 children from our previous marriages. Our oldest daughter is 30 and she has been in the medical field for the past 7 years. She has currently reenrolled in college to pursue a teaching degree and she is a wonderful mother to 3 of our grandchildren. Our twin daughters are 27, one is a Staff Sergeant in the US Air Force. She is finishing her commitment soon and enrolled in college to pursue a degree in Nursing. Twin #2 works alongside her mother in a medical environment and she is a loving mother to our youngest grandchild. Our son is the youngest at 25. He is a Marine Veteran and Active Guardsman. He also works full-time and is also enrolled in college pursuing a cybersecurity degree. My parents also celebrated 62 years of marriage this past November.” She adds, “My husband and I look forward to weekend mornings where we try to get the kids and grandkids to come over for long breakfasts around the family kitchen table. We also enjoy spending time together laughing and enjoying life.” Advice for Others Diana has a fascinating perspective to share as someone who is realizing her dream of owning her own business at such a unique time. When asked for advice she would give to others who are looking to own a business, she says, “Prepare yourself for the opportunity and be ready. Don’t limit your thinking and allow yourself to dream, then do your research. Owning this center was my dream, and because I had done my homework, I was ready when the opportunity came.” She adds, “Stay accountable to your goals and your dream can come true. I am living proof of that.” For more information on Minuteman Press in East Indianapolis, visit https://indyeast.minutemanpress.com. Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

February 16, 2021 10:00 AM Eastern Standard Time

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Knowledgehook to boost maths attainment across Australia

Stockwood Strategy

Knowledgehook, the world’s most comprehensive mathematics learning platform, has launched in Australia as the nation’s teachers turn a corner in addressing low maths attainment levels for young people. It is now available to schools across the country for children in Year 3 to Year 10 classes, through The Learner First, a consultancy working with schools across Australia. The latest TIMSS (Trends in International Mathematics and Science Study) found that Australia’s achievement in mathematics has improved since 2015. However, Year 4 mathematics achievement has not changed since 2007. One of the biggest challenges facing educators is to find better ways to meet the learning needs of the many students who fall behind in schools, failing to meet year-level expectations (often year after year) and, as a consequence, become increasingly disengaged. Knowledgehook’s proprietary technology harnesses the power of data to track where students are on their math journey. Their programmes connect a child’s at-home learning with in-school education, providing real-time insights to teachers on learning gaps. This empowers teachers to develop an understanding of the maths concepts related to their students’ challenges, enabling them to adjust instruction and monitor student progress. As Knowledgehook launches across Australia, former Australian Mathematics Curriculum leader, Margaret Bigelow, commented: " Australia's results in international testing are improving. The impact of a national approach to teaching and learning Mathematics has impacted on this improved outcome. Teachers need to be supported to maintain this trajectory of improvement by having the ideas and tools to enhance the engagement of their students to develop critical and creative thinking and further mathematical skills. This will enable students to adjust to the ever-changing demands and challenges of life in the future." “Knowledgehook was inspired by my own struggle with maths as a child,'' explained Co-Founder and CEO of Knowledgehook, Travis Ratnam. “Having the right, personalised guidance makes all the difference and every student deserves to have a teacher who has access to the best pedagogical tools, and parents who have insights into their learning. Our platform is not a game, it pulls together a 360 view on a child’s learning journey enabling people around them to improve the child’s math experience and outcomes. In launching Knowledgehook across Australia, Joanne McEachen, Founder and CEO of The Learner First commented: “I love the fact maths support is available 24/7 so when a learner struggles with a math’s concept, the teacher can access professional learning and development to help support both the learner and the teacher on the spot. Moreover, it helps teachers retrace their approach and identifies what may have been missed allowing them to recover and embed essential skills and concepts. Quite simply, it is what we have been missing for years and it will certainly complement the current trajectory of further improving math’s performance and disposition in Australian students.” Knowledgehook’s AI-enabled platform has grown to support schools across the US, Mexico, and the UK. It is designed to scale across multiple countries and languages developing teacher capacity while engaging students and providing actionable insights for parents. Over the years, Knowledgehook’s research-based solution has garnered industry-leading partnerships and investments from the most recognised global education bodies, notably from the University College of London (UCL), the global leader in education research. Knowledgehook actively collaborates with governments around the world while also working directly with schools and their suppliers, to offer curriculum-aligned solutions. The company currently empowers teachers in more than 100,000 schools. In 2021, it is anticipated the solution will reach 50,000,000 students globally. “We have received growing interest for our technology and expertise to be applied to other subjects and we look forward to expanding our solution to empower more educators and support the learning of students to become the problem-solvers of tomorrow,” Qamar Qureshi, President and Chief Business Officer added. Ends About Knowledgehook Knowledgehook, a leading educational technology company, empowers hundreds of thousands of teachers and parents to collaboratively support the mathematics learning journey of millions of students worldwide. Winner of Google’s Game Changer Award and named Top Disruptor by BNN, its platform analyses student understanding through engaging assessments, providing real-time personalised solutions to close learning gaps between classroom teaching and at-home learning. Designed by leading numeracy and research experts, Knowledgehook’s Instructional Guidance System is known for reinventing how online technology supports education and educators, while inspiring the problem solvers of tomorrow. Contact Details Knowledgehook Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.knowledgehook.com/

February 15, 2021 04:00 PM Eastern Standard Time

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The U.S. Chamber Discover & Deliver initiative is Fighting Covid-19 with Innovation and Technology

YourUpdateTV

Defeating the global pandemic is truly an all-of-nation effort. Across the nation, America’s innovation community has mobilized like never before to fight the coronavirus pandemic. Right now, our nation’s brightest scientific minds, most innovative companies, and leading universities are moving at unprecedented speed to deliver the COVID-19 treatments, vaccines, diagnostics, and cures we need. The scope is as impressive as the speed. To date, scientists are conducting over a thousand clinical trials in the United States for potential pandemic ending solutions, in all 50 states, from big cities to small towns. The U.S. Chamber Discover & Deliver initiative is telling the story about the private sector’s role in bringing the science to life and bringing it to people. It is a nationwide, cross-industry effort that involves our brightest scientific minds, the most innovative companies, and the nation’s leading universities—all working together toward the common goal of leading the global community out of this crisis. Discover & Deliver is conducting virtual events in communities across the United States to engage local leaders, share the latest information, and provide a “boots on the ground” view of progress underway. To help illustrate this story, the U.S. developed an interactive map, to show what’s happening across our country—in communities large and small—as innovation works to identify the solutions we need to solve the coronavirus pandemic. Visit www.USChamber.com for the latest resources and insights into the all-of-nation effort underway to beat this pandemic. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 11, 2021 01:00 PM Eastern Standard Time

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How To Shrink Your RMDs in 2021 and Beyond by Jennifer Lang Financial Services

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

February 09, 2021 10:05 AM Eastern Standard Time

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2021 Will Be the Year of Meaningful Travel

YourUpdateTV

Airbnb released a new report and highlighted how 2021 will see a shift toward more meaningful travel as the pandemic continues to limit mass tourism and afflict the industry overall. When travel returns in 2021, it will be about connecting with loved ones through more personal trips, with mass tourism unlikely to return at any scale this year. Recently, Director of International Communications at Airbnb, Cassidy Blackwell, teamed with YourUpdateTV on a satellite media tour to discuss this trend and much more. A video accompanying this announcement is available at: https://youtu.be/f00q-568WXw In the report, US consumers say their near-term travel priority is to spend time with family and friends in comfortable, familiar and secure settings. Here are some additional findings from the report: Travel for pleasure is the out-of-home activity Americans have missed the most—over going to restaurants and bars, and attending sporting and other live events. A majority is ready to travel again: 54% have either already booked, are currently planning to travel, or expect to travel in 2021. This includes 57% of 18- to 29-year-olds, and 60% of 30- to 49-year-olds. The type of travel people have missed the most is visiting with family and friends. Business travel is the type of travel they have missed the least. Connecting with family and friends is also the type of travel that has grown most in importance as people look to travel after the pandemic: 41% say such travel has become “much more” important to them, almost twice the percentage who cite travel to accomplish personal goals (22%). Affordability is the top priority overall when it comes to choosing accommodation not just for the first trip but for future travel indefinitely (54%), beating health and safety protocols by 10 points. Nearly three in five Americans (58%) earning less than $50,000 per year say they are booked, planning or expecting to travel in 2021. Based on ongoing Airbnb guest survey data, a majority of guests—including 53% of all homes guests in 2019—tell us they choose Airbnb to save money while traveling. 56% of those under age 50 say they would be “much” or “somewhat more likely” to use an online platform which offers the ability to search for alternate energy and green accommodations. Only 28% of those aged 50+ say the same. For more information on these trends and much more, visit Airbnb.com About Cassidy Blackwell: Cassidy Blackwell is the Director of International Communications at Airbnb. In her role she is responsible for leading the teams across EMEA, APAC, LATAM and China to drive initiatives that help to advance business objectives, policy priorities and brand reputation. In her tenure as a marketing and communications professional, Cassidy has experience in working in both tech, CPG, retail and philanthropy, with specialized experience in empowering women, people of color and other underserved communities around the world. Cassidy has been named one of Fast Company's Most Creative People in Business, Brand Innovator's 40 Under 40 and a finalist for the Sage Group's Marketers Who Matter. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 05, 2021 10:00 AM Eastern Standard Time

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New Year, New Finances

YourUpdateTV

With the new year underway, it’s a great time to make some financial resolutions to help manage your money. In an increasingly digital world, it’s now more important than ever to harness the power of digital tools so you can level-up your financial journey in the year ahead. Recently, personal finance expert, Farnoosh Torabi, teamed up with Capital One and YourUpdateTV on a nationwide satellite media tour to share tips and digital banking resources to help consumers across the nation get set for financial success in the year ahead. A video accompanying this announcement is available at: https://youtu.be/8FpRQjEfQvc Shopping Smart When it comes to finances, the first place to look is your last few credit card statements, said Torabi, who recommends scrutinizing every purchase to make sure they fulfill a need. And, as we rely more and more on our phones for digital transactions, it can be easy to make impulse purchases, she said. According to Torabi, small behavioral shifts, like avoiding late-night spending, can help you mindfully shop and avoid unnecessary purchases. When you do shop, shop smart. Searching for discounts and coupons is one easy way to save, and, luckily, there are great digital tools out there that can do the work for you. For example, Capital One Shopping is an online tool that finds you better offers, automatically applies the best coupon code at checkout, and lets you know when prices drop on products you’ve viewed and purchased. The best part is it’s free and accessible for anyone in the U.S. via a browser extension download or mobile app on your phone. Getting Organized for Tax Season With tax season just around the corner, it’s never too early to get organized so you can get prepared and maximize your return. Torabi recommends filing your taxes online or by using a tax software to avoid costly errors. This is another great time to take advantage of digital tools like Eno, the intelligent assistant from Capital One, which is available to customers via text, email, mobile app and online. Eno proactively sends customers a personalized year-end summary of possible charitable donations made with their Capital One card so they can see what might be eligible for tax deductions. Protecting Yourself Online Protecting your personal information is paramount, which is why Eno creates virtual card numbers to disguise and protect your actual credit card number when making online purchases. You simply install the browser extension, and next time you’re checking out, you’ll be provided with a unique virtual card number specific to that site. And, it’s worth the reminder, said Torabi – do your research! If a site is new to you, glance at the Better Business Bureau or do a quick online search to make sure it’s a reputable merchant. If it feels too good to be true, it probably is! For more information about digital tools from Capital One, visit capitalone.com About Farnoosh Torabi: Farnoosh Torabi is one of America’s leading personal finance authorities — hooked on helping you live your richest, happiest life. As a Contributing Editor to Oprah Magazine and NextAdvisor, host of primetime series for CNBC and creator of the Webby-nominated podcast So Money, Farnoosh has become our favorite go-to money expert and financial friend. The New York Times calls her advice, “perfectly practical.” About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 03, 2021 12:00 PM Eastern Standard Time

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Jennifer Lang Financial Services Releases New 2021 Tax Planning Guide

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

February 02, 2021 10:05 AM Eastern Standard Time

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