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VinBrain reaches final round of global competition "COVID-19 Pandemic Response Challenge"

Media Outreach

The VinBrain team in the US has reached the final round of the Pandemic Response Challenge held by XPRIZE and Cognizant. This competition, which has prize money of $500,000, aims to harness the power of data and artificial intelligence to predict COVID-19 infection rates, and propose Intervention Plans for governments, communities and regional institutions to control COVID-19 Pandemic when reopening the economy. HANOI, VIETNAM - Media OutReach - 24 February 2021 - The Pandemic Response Challenge co-organised by XPRIZE and Cognizant was launched in November 2020. Participating teams will develop models based on artificial intelligence to make recommendations to achieve the goal of reopening society safely and limit negative impacts on the economy while minimising the SARS-CoV-2 virus outbreak. Based on the jury's independent assessment of the AI prediction of the COVID-19 trend and the infection patterns of the participating teams, the jury selected 48 teams from 17 countries for the final round out of a total of 104 teams from 28 countries in the semi-finals. Thanks to the guidance by Mr. Mudit Jain -- the Deputy General Director of VinBrain Product Development in the United States, the Vinteam team has developed a solution applying artificial intelligence to the accurate diagnosis of COVID-19 infections and provides intervention options. The infection patterns vary by country and territory. As a result, interventions may work in one country or territory but be less effective in another. Members of VinBrain in the US have come up with an extensive solution to this problem by developing the region-specific AI models to predict the COVID-19 infection time series in those regions. The Vinteam developed this solution based on a classical epidemic model called the SEIR model, which was then expanded to integrate with artificial intelligence to turn it into a dynamic model. In order to train its AI models, the team uses available features/data such as demographics, medical infrastructure, and economic indicators. A special feature used by Vinteam is Google Maps mobile metrics collected from worldwide Android phones in an anonymous and secure way, measuring the movements of people in public areas such as parks, hospitals, workplaces, grocery stores, stations, airports, etc. Another unique feature used by Vinteam is Google's COVID-19 infection trend data which is aggregated anonymously and contains popular COVID-19 Symptom-Related Google Searches. The jury selected Vinteam for the final round based on the accuracy of the AI models and its ability to easily interpret the predictions of the solution. In addition, this approach can be used for any future pandemic response model. Mr. Amir Banifatemi, General Manager for Innovation and Growth, said: "We aim to maximise the power of collaboration, competition and innovation to accelerate possible solutions for COVID-19 and future pandemics. The competition has shown encouraging results in a very short time, reflecting the application of artificial intelligence to the society." The Pandemic Response Challenge is sponsored by XPRIZE, which designs and operates incentive competitions to solve humanity's grand challenges, in partnership with Cognizant, which is considered one of 15 iconic companies in the US, operating extensively in the field of information technology, developing business processes and consulting cooperation for some of the most successful units worldwide. The organisers also hope the competition will promote the use of artificial intelligence and data in tackling other humanitarian challenges. The competition's results will be announced at the end of February 2021. About VinBrain VinBrain is an AI-focused company funded by VinGroup and its mission is to infuse AI and IoT to medicine. VinBrain aims to provide access to the best healthcare solutions, knowledge, and services. VinBrain is made up of a team of talented AI professionals with world-class experience. Their expertise are in the fields of computer vision, machine learning, language processing and large scale products and services. VinBrain's AI experts work in teams despite living in many different countries including Việt Nam, Australia, South Korea and the United States. About XPRIZE XPRIZE is a non-profit organization, the global leader in designing and launching incentive competitions to solve humanity's grand challenges. Active competitions include the $20 Million NRG COSIA Carbon XPRIZE, $10 Million XPRIZE Rainforest, $10 Million ANA Avatar XPRIZE, the $5 Million IBM Watson AI XPRIZE, $5 Million XPRIZE Rapid Reskilling, and $500K Pandemic Response Challenge. Contact Details VinGroup Media Contact +84 24 3974 9999 v.chidqd@vingroup.net

February 24, 2021 08:00 AM Eastern Standard Time

AdvisorVault Revolutionizes 17a-4 Archiving for Small FINRA firms

AdvisorVault

AdvisorVault’s new features are a game changer for small FINRA firms who want to use the cloud but are worried about 17a-4. With their unique consolidated platform AdvisorVault now combines email and electronic records archiving to give centralized access to data stored in the cloud. “This changes everything for small firms because now they can take advantage of services like Office 365 and G Suite and AdvisorVault will seamlessly plug into the cloud and act as their 17a-4 D3P, making the cloud instantly compliant for them. “ Said Allan Lonz, President of AdvisorVault, “Our direct cloud connector supports all major cloud platforms and will archive electronic records as well as emails for full retention and supervision,” Added Lonz. AdvisorVault continually adds new features to its cloud archiving platform to make sure small firms have a one stop D3P for everything. Some key features of AdvisorVault’s cloud archiving platform: Direct Cloud Connector AdvisorVault’s remote archiving software connects directly into all popular cloud services such as Office 365, OneDrive, SharePoint, Dropbox, and the Google Suite. Also, AdvisorVault instantly captures full data sets from the cloud. This means firms can restore everything including office docs in their native format, full Office 365 and Gmail accounts with contacts and calendars, as well as all data stored in SharePoint sites with access to records saved in personal or group/team drives. Automatic Detection of New Cloud Data AdvisorVault’s software automatically detects new cloud data sets as they are created. For example, as a firm adds new users in Office 365, SharePoint, or OneDrive sites, its automatically added to our 17a-4 archive. This applies to G Suite as well where user accounts are frequently added including their personal or team drives. With our automatic detection, compliance officers don’t need to notify us every time new employees are added to the cloud. Electronic Records Retention AdvisorVault applies a 7-year blanket retention rule to ALL customer data relating to their business. This simplifies the whole data archiving retention process because with this policy firms don’t need to separate different data types then try to apply a unique retention policy to each set, which is impossible to maintain, especially for a small firm without an IT dept. Downloading and Data Retention At the end of the day, the reason AdvisorVault acts as the D3P for its customers is to help them maintain access to their archived electronic records or emails when needed. AdvisorVault includes a secure Web portal for customers to access their 17a-4 data archive. Lastly, we retain cloud data for customers that have been removed and keep them in our 17a-4 archive for 7 yrs. Keeping electronic records from users that have been removed from the cloud will also help with compliance since old employee data is often requested during audits. About AdvisorVault AdvisorVault is the only D3P that has designed their software to help small FINRA firms archive cloud data to meet 17a-4. Focusing on solving this unique problem, our consolidated solution gives firms one vendor to help them satisfy today's demands surrounding data archiving and supervision. We have created a centralized archiving option that captures data and emails no matter where they are stored - in-house or in the cloud: total peace of mind - out of the box. Contact Details AdvisorVault Allan Lonz +1 416-985-0310 alonz@advisorvault.org Company Website https://www.advisorvault.org

February 24, 2021 06:05 AM Eastern Standard Time

Out with the Old, in with the New PR Tech Stack: How AI is Transforming Journalism and PR Alike

PRophet

For years, the tech stack, driven by fast-paced innovations in artificial intelligence (AI) and machine learning, has been fundamentally changing the marketing industry. Now, it’s PR’s turn to join the stack. The PR industry is on the cusp of a major change – thanks to AI, the job of the PR pro has the potential to be thoroughly reimagined, improving the work of humans without replacing them. This will be the topic of discussion at a marquee panel during the PRovoke North America Public Relations Summit on Wednesday, February 24, titled “Robots Won’t Take your Job, But AI Can Now Help You Perfect Your Pitch.” The panel will feature IBM’s VP of corporate communications Sarah Bruning Meron and The New Yorker contributor John Seabrook, author of 2019’s “Can a Machine Learn to Write for The New Yorker” about the possibilities of predictive text and its impact on journalism. Aaron Kwittken, founder and CEO of PRophet, the first-ever AI-driven platform for the PR community to help predict media interest, will moderate the discussion, focusing on the role of AI in the modernization of media relations and media relationships. The session will explore questions such as how AI and machine learning will change media relations forever, and whether AI can identify story angles and refine pitches more effectively than humans. “AI and machine learning have the prospect of shaping media relations as never before,” said Aaron Kwittken, founder and CEO of PRophet. “By discussing the capabilities and practical applications of these technologies – and the impact they are likely to have on how both journalists and communications professionals do their jobs – this panel will offer a compelling and insightful window into the future of news and public relations.” The virtual event marks PRovoke’s 8th North America PR summit, which will feature a half-day of content coalescing around the theme “Reset” – exploring the pressing communications issues that have emerged as we navigate the aftermath of 2020. The summit will be followed by the Innovation SABRE Awards – North America 2021 online gala. To receive complementary access to the panel and event, email sales@prprophet.ai. PRophet is the first-ever AI-driven software-as-a service (SaaS) platform designed by and for the PR community that samples past stories to better predict future media interest, sentiment, and spread through natural language processing and machine learning. PRophet is owned by Ahteed, LLC, an MDC Ventures company and was founded by marketing industry thought leader and entrepreneur Aaron Kwittken alongside former political strategist, technologist, and author Mark Penn, currently President of Stagwell Group and chairman and CEO of MDC Partners and formerly with Microsoft. To learn more, visit prprophet.ai/home. Contact Details KWT Global for PRophet Jason Fagan +1 646-761-1206 jfagan@kwtglobal.com Company Website https://www.prprophet.ai/home

February 22, 2021 10:04 AM Eastern Standard Time

Minuteman Press Franchise Owner Manny Castro Fulfills Lifelong Dream of US Citizenship

Minuteman Press International Inc

After being a permanent resident for over 35 years, Manny Castro has fulfilled his lifelong dream of achieving his US citizenship. As Minuteman Press franchise owner in Downey, CA for 14 years, Manny credits the support of his family and the team at Minuteman Press International with helping him achieve his dream. “I officially became a US Citizen on November 20, 2020, and it feels just great! This is my home; I have been living in the States most of my life and now I can vote. I am really proud of being a Citizen of the greatest country in the world, a land of opportunities for all!” From El Salvador to Entrepreneurship Originally from El Salvador, Manny is proud to be a shining example of achieving the American Dream both in his life and in his career. He says, “To get my US Citizenship after all this time is just an incredible accomplishment. I came to this beautiful country 38 years ago without a dollar in my pocket, no skills, no academic degrees, no English, not even a high school diploma. Just a young teenager at that time, running away from a very conflicted civil war in El Salvador, looking for a better life.” Reflecting back on those painful struggles and thinking about where he is today, Manny exclaims, “All I can say now is God is great, and may God continue to bless this great country that offers people from all walks of life, hope, endless opportunities, and a second chance in life.” Manny has owned his Minuteman Press franchise in Downey, CA since May 2007. During that time, he has successfully built his business while receiving crucial training and support from his franchisor. “My Regional Vice President Dan Byers and Steve Szymanski have always had my back since day one. They both wrote a beautiful letter of recommendation for me, to support my application for my citizenship. It meant so much to me and my family. Dan and Steve were delighted to help when I asked; everything I obtained when applying contributed to me being granted my citizenship. My kids were born here, and my entire family have already become citizens. It was time for me now to take that next step as well and join the millions of proud Americans. I love this country so much, and I’ve met great people along the way. God has opened up so many doors for me here. It is a land of opportunity for all. If you work hard, the sky is the limit.” Journey to Minuteman Press Dan Byers has known Manny Castro for 15 years. He says, “I first met Manny at a Franchise Expo in Pasadena in February 2006 and he was determined to own a business. At the time, he was working at a company that was downsizing and he saw business ownership as a means to financial independence, the opportunity to step up to a new challenge, and a way to regain control of his time.” Manny explains, “I was a distribution zone manager for a weekly publication company. I had researched many other companies and different industries for a while, but none of them gave me the level of confidence that I needed to motivate me and move forward that Minuteman Press did. Once my decision was made and we moved forward with training and opening up my center, they gave me a real solid foundation, and second-to-none ongoing support to this day.” Dan continues, “In an effort to be close to home, Manny converted an independent printing company in Downey to a Minuteman Press franchise in 2007. Time and time again, Manny has been able to successfully manage his business by working hard and treating people – customers, vendors, and employees – fairly and with the utmost respect. Whether it was the Great Recession of 2008 or the COVID-19 pandemic today, Manny has managed to stay positive and remain focused on growing his business by following the Minuteman Press franchise system.” Managing the Business Through the COVID-19 Pandemic Because Minuteman Press Downey is an essential business, Manny and his team have continued to remain open through the pandemic. He says, “We are an essential printing business and able to assist local businesses in any industry – medical, financial, retail, restaurants – and all businesses that continue to operate.” Manny adds, “For our clients, A-Frame signage, banners, floor decals, brochures, and direct mail have all been crucial in keeping their businesses operating safely while communicating with their customers. 99% of our customer base are other local businesses, and I see people are hungry to get back to work, to open up their doors safely, and we are helping them reach out and reopen safely. I’m very optimistic that things are turning back into full force. We have positioned ourselves to be there for our business community and meet their needs.” During the pandemic, Minuteman Press International has once again proven to be there for Manny to support him. He says, “Minuteman Press ongoing support during these unprecedented times has been tremendous. They’ve been there for us since COVID-19 started and provided us with extensive communications, guidance, marketing strategies, and additional resources. For example, when two of my employees needed to be home, Minuteman Press immediately provided me with additional field support to help me out with everything I needed. They are always there and quick to act whenever I need a helping hand or advice.” “We are an essential printing business and able to assist local businesses in any industry – medical, financial, retail, restaurants – and all businesses that continue to operate.” -Manny Castro, Minuteman Press franchise owner, Downey, CA Rewards of Business Ownership + Advice for Others When asked about the rewards of owning his business, Manny answers, “The most rewarding thing is having full control of your life and your financials. It’s very fulfilling to have your own business. I know that if I work hard, I reap the benefits.” His advice for others is this: “I will say Minuteman Press is a great company to partner up with. They are a leader in the printing industry and with over 45 years of experience. For someone like me who did not know about paper sizes and stocks 14 years ago, this meant the world to me. People can review the Minuteman Press franchise and see there are no hidden agendas. There was no pressure to buy the franchise, and they’ve supported me from day one and continue to work with me in achieving my company goals with ongoing coaching and marketing strategies to get there. Our success is their success as well. Minuteman Press has helped me do everything from getting started and achieving my dream of owning a business to helping my essential business during the pandemic.” Manny reflects once more on his incredible journey to US Citizenship, saying, “And now, Minuteman Press has helped me fulfill my other lifelong dream of becoming a US Citizen. For someone from El Salvador to be able to accomplish all of this, I needed to have help along the way. I couldn’t ask for a better franchise to be a part of or better people who are working on behalf of Minuteman Press International to support me with everything I do. Minuteman Press simply has my back, and I couldn’t ask for anything more than that in my business and in my life.” For more information on Minuteman Press in Downey, CA, visit https://www.downey.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 22, 2021 10:00 AM Eastern Standard Time

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CMMC Center of Excellence Announces Engagement Agreement with SteelCloud

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with SteelCloud, a leading provider of capabilities to automate policy compliance, configuration control, and Cloud security. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. ConfigOS is SteelCloud’s patented software compliance suite that allows anyone to quickly establish a STIG ( Security Technical Implementation Guide ) and or CIS ( Center for Information Security ) - cyber security compliant environment. The patented software is a complete solution offering scanning, automated remediation, compliance reporting, and external interfaces to other tools. ConfigOS is the only COTS solution on the market that fully automates remediation out of the box, saving countless hours of information assurance labor while establishing enterprise compliance consistency. It addresses policy remediation automation for Windows and Linux operating systems and applications. Learn more at https://www.steelcloud.com/cmmc/ The executed Engagement Agreement establishes a collaborative engagement between SteelCloud and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor, vendor, and supplier community of providers creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Source qualified CMMC/ cyber professionals to serve as advocates. Establish an independent Industry Cyber Security Advisory Council with peer organisations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( http://cmmc-coe.org ) and SteelCloud partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. “This is exciting opportunity for us”, said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence, “This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD)”. “SteelCloud is excited to forge this partnership with the CMMC-COE,” said Mr. Brian Hajost, SteelCloud President & CEO. “CMMC is a vital program to secure the DoD’s contractor supply chain in order to protect critical U.S information. By working with the CMMC-COE, we can deliver our compliance automation technology and reduce the cost and complexity of CMMC compliance for the broadest range of DIB customers.” The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC COE, please visit http://cmmc-coe.org email info@cmmc-coe.org or call 703-863-3766 For more information on SteelCloud, please visit https://www.steelcloud.com/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

February 22, 2021 08:00 AM Eastern Standard Time

Tidewater joins NAMEPA in support of efforts to “Save Our Seas”

North American Marine Environment Protection Association

Carleen Lyden Walker, Co-Founder and Executive Director of North American Marine Environmental Protection Association (NAMEPA) announced that Tidewater (NYSE: TWD) has become a corporate member of the Association. Tidewater joins NAMEPA and other industry members in efforts to protect the marine environment, promote industry best practices and to “Save Our Seas.” “Tidewater is one of the largest and most respected offshore supply vessel company in the world, with a robust sustainability program and a reputation for quality shipping practices” stated NAMEPA’s Co-Founder/Executive Director Carleen Lyden Walker. “We are honored to have them back as NAMEPA members and look forward to working with them to further efforts to ‘Save Our Seas’.” Jason Stanley, Tidewater’s Vice President of ESG stated, “Over 5,000 of our employees have dedicated their lives to the marine environment and depend on its health and sustainability for food, employment and the overall quality of life in their communities. We care deeply about the ocean and its wellbeing and are committed to its protection through promoting environmentally responsible practices, investing in technology enabling material carbon reduction, and building strong partnerships with organizations that share these goals. We are very pleased to have the opportunity to work with NAMEPA and our fellow members to preserve our critically important marine ecosystems for generations to come.” Dedicated to protecting the safety of its employees, building strong community relationships and maintaining awareness of potential environmental impact all while promoting strong business ethics, Tidewater is a positive influence in the Maritime Industry. Tidewater has an exemplary reputation for providing their customers with exceptional service while maintaining safe and environmentally responsible operations, clearly aligning with NAMEPA’s mission to promote industry best practices and to Save Our Seas. Tidewater owns and operates the largest fleet of Offshore Support Vessels in the industry, with over 65 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-255-4686 c.walker@morganmarketcomm.com Company Website https://namepa.net/

February 19, 2021 05:30 PM Eastern Standard Time

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Women in Data Science (WiDS) Announces WiDS Workshops Initiative

Women in Data Science

Women in Data Science (WiDS) Worldwide today announced an initiative to inspire, educate, and upskill data scientists and aspiring data scientists worldwide, led by outstanding female instructors. The gender gap remains wide, as women represent just 15-22% of data science professionals. WiDS Workshops aim to educate everyone, regardless of gender, while inspiring women and girls with role model instructors. “WiDS Workshops bring instructors from multiple backgrounds together to provide mini-courses on the latest areas of interest in data science, machine learning, and AI,” said Margot Gerritsen, Stanford Professor, and Co-Founder and Co-Director of WiDS. “This is a wonderful extension of our existing WiDS worldwide initiatives.” The initial set of workshops will include topics such as actionable ethics, automating machine learning, exploration of AI & AR, data analysis for health, and recommender systems. The WiDS Workshops, curated by Stanford University faculty, are led by women from several universities, including Stanford University, Cornell University, and Virginia Tech; industry, including Microsoft, Walmart Global Tech, and Thoughtworks; and nonprofits, including the Human Rights Data Analysis Group (HRDAG). These initial workshops will be included in the WiDS Worldwide conference happening on March 8, 2021, a 24-hour virtual event following the sun around the world to inspire, educate, and support data scientists worldwide. Participants must register for the WiDS Worldwide conference to participate in these workshops, and may attend from anywhere in the world. The WiDS Worldwide conference sessions and workshops will be conducted in English and simultaneously interpreted in Spanish and Arabic. WiDS Workshops are part of the WiDS worldwide initiative, which reaches more than 100,000 people worldwide each year through a technical conference hosted by Stanford and at 150+ regional events around the world; a datathon that helps data scientists hone their skills using a social impact challenge; a podcast series; and an education outreach initiative that encourages secondary students to consider a career in data science and related fields. The WiDS initiative is spearheaded by Stanford Data Science and Stanford Institute for Computational and Mathematical Engineering ( ICME ), and supported by WiDS sponsors Facebook, Intuit, Walmart Global Tech, Wells Fargo, IBM, General Motors, Google, MathWorks, Microsoft, Total, and Stanford Mobilize. About Stanford Data Science Stanford Data Science weaves data science research and methods into the university's fabric, giving faculty and students the tools, skills, and understanding they need to do the cutting-edge research that will drive 21st-century scholarship and education. About the Stanford Institute for Computational & Mathematical Engineering (ICME) Stanford ICME conducts groundbreaking research, trains and advises graduate students, provides consulting, and teaches over 60 courses in computational mathematics and scientific computing at both the undergraduate and graduate level to the Stanford community. Stanford ICME has a holistic approach to providing graduate students the course work, research opportunities, support, and professional development to better prepare them for their careers in scientific computing. Contact Details WiDS Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website http://widsconference.org/

February 19, 2021 08:57 AM Pacific Standard Time

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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IHS Automation Chooses Comodo Advanced End Point Protection to Secure their RPA SaaS Environments

Comodo

IHS Automation chose to implement Comodo Dragon Platform and Advanced Endpoint Protection (AEP) to secure and protect their RPA SaaS environments. Each environment requires to adhere to strict security policies to ensure that all the data will be safe from ransomware and malicious web content. “The reason we chose to implement Comodo’s solution is the reporting and alerts which create support tickets immediately when risks are identified, as well as the ability to create automated procedures with Python that enable us to not only solve infrastructure related issues, but also address specific issues encountered by the RPA tools.” Said Richard Gordon, Partner. “The best thing is the zero-trust policy of the security suite that helps ensure that we are protected from zero-day threats.” Comodo’s zero-trust policy is delivering significant benefits for IHS Automation Customers. This leads to a significant reduction in expenses as the increased stability and performance of the bots result in the need for fewer VM’s and less time spent maintaining the automations by their development teams. “Using Comodo has significantly increased the performance of our services because of increased intelligent monitoring of the environments.” Richard continues. IHS Automation has implemented Comodo AEP by working with Comodo’s partner WorkAwayIT. Dragon platform with Advanced Endpoint Protection, is a complete cloud-native framework that delivers a zero-trust architecture to protect and defend endpoints. Its patent-pending auto containment technology has active breach protection that neutralizes ransomware, malware and cyber-attacks. The auto containment runs an unknown executable in a kernel API virtualized mode, thereby offering attack surface reduction (ASR) which neutralizes ransomware attacks. The Dragon Platform also utilizes a Default Deny security posture with Default Allow usability to provide a most comprehensive protection against zero-day threats, while having no impact on end-user experience or workflows. About IHS Automation IHS Automation connects disparate systems in to a single coherent process to leverage legacy technologies and systems. IHS Automation's ideal customer needs to extract more value out of its legacy technologies. These systems are the lifeblood of your organization and replacing them at this time is just not an option. Yet, you and your employees spend many hours manually setting up appointments, verifying and scanning documents, reading through case histories, and entering data into systems. What's needed in your organization is more complete and consistent information on customers and the ability to track metrics and analyze data, and optimize strategies and processes for better results. For more information visit https://www.ihsautomation.com/ About Comodo Comodo is the world’s leader of next-generation open source cybersecurity, with the industry’s most disruptive innovations. We help customers stop breaches with groundbreaking auto containment technology that neutralizes ransomware, malware and cyber-attacks. Our complete cloud-native framework delivers a zero-trust architecture with active breach protection for the most comprehensive defense against zero-day threats. Comodo’s cybersecurity products maximize intelligent sharing between every component of the platform, therefore providing superior security. We are the only company that analyzes and gives a trusted verdict for 100% of files on a network. Comodo leverages innovation to celebrate and support the cybersecurity community by offering the very first open source endpoint detection and response (EDR). We believe that an open source model using community-powered collaboration will ensure that every organization has access to the industry’s most sophisticated EDR. Headquartered in Clifton NJ, Comodo’s global development team and threat intelligence laboratories deliver innovative, category leading, security solutions for thousands of companies’ endpoints, network boundaries, and internal networks. For more information visit https://www.comodo.com/ Contact Details Kobi Meir +1 973-859-4000 kobi.benmeir@comodo.com Company Website http://www.comodo.com

February 18, 2021 09:00 AM Eastern Standard Time

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