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Global investors back fintech KTrade - the ‘Robinhood’ of Pakistan

Stockwood Strategy

Leading Pakistani fintech stock trading app KTrade today announced it has raised $4.5m in a funding round from a range of global investors and institutions led by Hong Kong-based TTB Partners, and HOF Capital from New York. German fintech investor Christian Angermayer, the Managing Partner of German bank Berenberg David Mortlock, and leading Pakistani business families also participated in the round. KTrade is the fintech retail trading app created by KASB Securities, the leading stock brokerage in Pakistan. KTrade provides easy access to financial markets for retail investors much like its global peers such as XP in Brazil, Zerodha and Groww in India, Tiger in China, Flatex in Germany and Robinhood in the US. Since launching in 2019, KTrade has over 200,000 users and aims to reach 10 million Pakistani’s at home and abroad by 2023 to invest in stocks, bonds, commodities and mutual funds through its mobile platform. The Karachi Stock Exchange Index (KSE100) has rallied by 19% per annum over the past 20 years despite regular market cycles. The volumes have increased by 7x over the last 18 months driven by regulatory reforms and increase in retail investor participation. Retail investors now account for over 65% of overall trading volume compared to around 45% 24 months ago. KTrade aims to provide users quick and easy accessibility to this investment opportunity. Ali Farid led the creation of KTrade. He was previously the CFO of UK listed fintech company SafeCharge (acquired by Nuvei) and a Partner at Autonomous Research (acquired by Alliance Bernstein) in London. Ali is a Rhodes Scholar and has been a top ranked Technology Analyst in Europe since 2013. Ali Farid, Co-founder of KTrade commented: “People in Pakistan have traditionally turned to gold or real estate when they consider investment options. However, as the regulatory approach, authority and credibility of the Karachi Stock Exchange has grown, more people are getting comfortable with stock market investing. This is an exciting trend but accessibility to these markets remains a hurdle for millions. KTrade will enable this mobile-first population to participate in the investment opportunity. By connecting these people to companies we can drive capital trapped in unproductive assets into the formal economy which would eventually drive a virtuous cycle of economic growth and higher investments”. Pakistan is emerging on the radar of global investors as the next Indonesia. A large, young and growing middle class and high smartphone penetration have created ideal conditions for technology led disruption. KASB’s aim is to provide retail savers access to financial education, information and financial products and to help them make better financial decisions. “Most people in Pakistan lack access to formal financial products and their savings in real estate or gold offer inferior returns, are inefficient and have high transactional costs. We aim to democratise access to the capital markets and enable them to make stock market investments. The strong demand for KTrade shows that the market is ready for this transformation. Other regional and emerging markets have seen similar evolution led by successful fintech companies” added Ali Farid. “Pakistan and South Asia have some of the most exciting market dynamics and demographics globally, and KTrade is well positioned to take advantage of the democratisation of finance in the region” said Jonathan Bond, Managing Partner TTB Partners who were lead investors in the funding round. “We are delighted to be investing in the latest round of funding for KASB, and to support Ali and his first-class team on their continued journey. We have been extremely impressed by what KASB has built over the past few years, both from a tech perspective and from the educational overlay to investing, which the company has embraced. In particular, we believe that in KTrade, the company has a stellar solution to expanding stock market participation across Pakistan” added Jonathan Bond. About KASB Securities KASB is the leading stock brokerage in Pakistan. It is a member of the Pakistan Stock Exchange and Pakistan Mercantile Exchange and regulated by the Securities and Exchange Commission of Pakistan. KASB’s mission is to democratise investments by giving people in Pakistan easy access to financial information, education and products. It operates KASB Varsity, an online MOOC, and KTrade, the leading stock trading application in Pakistan. KASB’s goal is to channel capital to financial markets by broadening the breadth of the capital markets. Further information visit: https://kasb.com or follow the company on LinkedIn, Facebook, Twitter or Instagram and through YouTube. Contact Details Stockwood Strategy Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://kasb.com/ktrade/

June 07, 2021 07:00 AM Eastern Daylight Time

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CSG to Drive New Growth and Innovation for Vietnamobile

CSG

CSG to Drive New Growth and Innovation for Vietnamobile BRISBANE, June 3, 2021 – CSG ® (NASDAQ: CSGS) today announced a multi-year contract/relationship extension with Vietnamobile, one of Asia Pacific’s leading mobile operators. As Vietnamobile’s technology provider of choice, CSG will drive their customer billing, mediation and settlement operations to support the company’s accelerated growth and the introduction of new products and services. “Our rapid transition to digital mobile services across Vietnam is fueling an explosive wave of customer growth and demand,” said Christina Hui, CEO, Vietnamobile. “CSG has been our trusted technology provider for many years. We are excited to grow this relationship and leverage their leadership to help position us as the leading wireless services provider across Vietnam.” Since its inception more than a decade ago, Vietnamobile has become one of the fastest growing B2C mobile communications operators in the country. The company is fueling new growth by introducing innovative products to market faster and focusing on best-in-class customer experiences. “Vietnamobile continues to lead the Vietnam market by selecting the best-in-class technology that allows it to innovate and offer superior customer experiences,” said Ian Watterson, head of CSG’s Asia-Pacific business. “We are proud to be Vietnamobile’s strategic technology provider and stand ready to support their growth and demand for innovative digital services.” Leading telecommunications companies across Asia-Pacific and the world rely on CSG to monetise new offerings and protect and maintain existing revenue streams. The company’s broad portfolio of revenue management and digital wholesale solutions allows companies to efficiently shorten their time to market and reduce operational costs while delivering innovative services and extraordinary customer experiences. # # # About CSG For more than 35 years, CSG has simplified the complexity of business, delivering innovative customer engagement solutions that help companies acquire, monetize, engage and retain customers. Operating across more than 120 countries worldwide, CSG manages billions of critical customer interactions annually, and its award-winning suite of software and services allow companies across dozens of industries to tackle their biggest business challenges and thrive in an ever-changing marketplace. CSG is the trusted provider for driving digital innovation for hundreds of leading global brands, including Airtel Africa, América Móvil, AT&T, Charter Communications, Comcast, DISH, Formula 1, Hutchison 3 Indonesia, Inmarsat, Mastercard, Maximus, Microsoft, Mobily, MTN, New Leaf Service Contracts, State of California DMV, TalkTalk and Telstra. To learn more, visit our website at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2021 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: Tammy Hovey Global / North America / Asia-Pacific Public Relations +1 (917) 520-2751 tammy.hovey@csgi.com Kristine Østergaard Europe / Middle East / Africa Public Relations +44 (0)79 2047 7204 kristine.ostergaard@csgi.com John Rea Investor Relations +1 (210) 687 4409 john.rea@csgi.com Contact Details CSG Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

June 02, 2021 03:00 PM Mountain Daylight Time

Agora Data Closes Its Second Crowdsourced Securitization

Agora

Agora Data, Inc., today announced the successful closing of its second crowdsourced securitization, ACAST 2021-1, on May 27, 2021. With the closing of this second transaction, the AgoraCapital program has provided 40 Buy Here Pay Here auto dealers and finance companies with nearly $200 million in subprime auto loans access to efficient, capital markets financing. The ACAST 2021-1 closing marks an important continuation of Agora’s revolutionary developments in the world of structured finance. “Our AgoraCapital program helps subprime originators proactively plan for the future. It levels the playing field by enabling dealers to borrow more money at a lower cost without the restrictions of other lending sources,” said Steve Burke, CEO of Agora Data. Burke continued, “There is simply no other affordable and abundant capital for a dealer to safely triple in size without giving up control or equity in its business.” By participating in an Agora crowdsourced securitization, subprime auto entrepreneurs can now gain access to the capital markets like the large dealer groups and institutions have with low-cost capital to maximize their financial leverage and significantly grow their businesses. Unlike traditional lending sources, not only does Agora provide the needed capital for growth but also helps dealers grow safely. Before Agora’s proprietary data-driven technology and innovative approach, BHPH dealers and small finance companies were unable to access the capital markets and abundant low-cost capital as only senior lenders and larger institutions received the more favorable lending terms. “Our first transaction in December 2020 was groundbreaking. However, in many ways, this second deal is even more significant as it solidifies that AgoraCapital and our ability to deliver for the dealer community is here to stay. Agora is well into its mission to revolutionize how dealers borrow money,” said Chris Hawke, Agora Data’s Chief Revenue Officer. Agora is passionate about revolutionizing the auto industry with innovative financial solutions. The company closed its first-ever crowdsourced auto securitization on December 29, 2020. The second transaction, ACAST 2021-1 is further proof of concept with each planned securitization becoming routine for the dealers. Buy Here Pay Here dealers and subprime originators of all sizes are gaining unprecedented access to the capital markets with a lower cost of funds along with other positive business transformation benefits. About Agora Data, Inc: Founded in 2017, Agora Data’s mission is to provide access to capital for Buy Here Pay Here dealers and small to mid-sized finance companies. Pioneered by Agora Data, AgoraCapital and AgoraCredit provide a new funding channel so small to mid-sized dealers can obtain all the cash they need to fuel growth. Agora’s proprietary, radical, AI-infused technology connects dealers and finance companies with the capital markets. For capital market stakeholders, AgoraTrade and AgoraCapital provide an opportunity to participate in a time-tested asset class previously not available. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization on December 29, 2020. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

June 02, 2021 09:03 AM Eastern Daylight Time

CSG CEO Brian Shepherd to Speak at Stifel’s 2021 Virtual Cross Sector Insight Conference

CSG

DENVER, June 2, 2021 – CSG ® (NASDAQ: CSGS) today announced that the company will present at the Stifel Virtual Cross Sector Insight Conference on June 9, 2021. The presentation will be held at 1:20pm ET and will feature comments from CSG chief executive officer Brian Shepherd. The conference presentation will be available via webcast here. About CSG For more than 35 years, CSG has simplified the complexity of business, delivering innovative customer engagement solutions that help companies acquire, monetize, engage, and retain customers. Operating across more than 120 countries worldwide, CSG manages billions of critical customer interactions annually, and its award-winning suite of software and services allow companies across dozens of industries to tackle their biggest business challenges and thrive in an ever-changing marketplace. CSG is the trusted provider for driving digital innovation for hundreds of leading global brands, including Airtel Africa, América Móvil, AT&T, Charter Communications, Comcast, DISH, Formula 1, Hutchison 3 Indonesia, Inmarsat, Mastercard, Maximus, Microsoft, Mobily, MTN, New Leaf Service Contracts, State of California DMV, TalkTalk and Telstra. To learn more, visit our website at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2021 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: John Rea Investor Relations CSG +1 (210) 687 4409 john.rea@csgi.com Contact Details CSG Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

June 02, 2021 06:30 AM Mountain Daylight Time

FREELANCER.COM'S 20 MILLION JOBS BY THE NUMBERS

Freelancer.com

Because of the pandemic, more and more people are turning to freelancing to offer their skills, or search for other skilled workers to help them set up their own business. Freelancer.com as a two-sided marketplace is in a unique position because the 52 million registered users means a job poster is almost certain to find a freelancer with the requisite skills. It is the demand side, the job posters with work which needs completing, which indicates where the best job opportunities lie. With that in mind the accompanying graphs paint an interesting picture about the most in-demand jobs and skills where freelancers can be assured there are opportunities. 20 Million Projects By Skill: The proportion of jobs in IT and software development and website building has fallen over time, reflecting the growth in WYSIWYG templated website build platforms. The demand for content to populate those websites has grown over time, as has the demand for design, media (Photoshop skills and the like) and architecture. The freelance economy is characterised by a transfer between developed and emerging economies. Developed countries post jobs which are overwhelmingly done in emerging countries. This provides efficiency and cost-saving to businesses in the developed world while providing income that changes lives in emerging economies. The exchange, when 10% of the world lives on less than US$1.90 a day, is a significant factor in the fight against poverty. The freelance economy is characterised by a transfer between developed and emerging economies. Developed countries post jobs which are overwhelmingly done in emerging countries. This provides efficiency and cost-saving to businesses in the developed world while providing income that changes lives in emerging economies. The exchange, when 10% of the world lives on less than US$1.90 a day, is a significant factor in the fight against poverty. About Freelancer ® Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and jobs posted. More than 52 million registered users have posted over 19 million jobs and contests to date in over 1,800 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns StartCon, Australia's largest startup conference, expo and entrepreneur community established in 2009, WarriorForum.com, the world’s largest Internet marketing community & marketplace, Escrow.com, the world’s largest provider of secure online escrow and online transaction management for consumers and businesses on the Internet, and Freightlancer, a global marketplace for freight, shipping and transportation. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and on the OTCQX under ticker OTCQX:FLNCF Contact Details Sebastian Siseles +1 415-801-2271 sebastian@freelancer.com Phil Sylvester +16503342706 psylvester@freelancer.com Helma Kusuma +628121049853 helma@freelancer.com Company Website https://www.freelancer.com

June 02, 2021 07:00 AM Eastern Daylight Time

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LambdaTest rallies global investors raising US$16m Series B funding as it rapidly scales

Stockwood Strategy

Cloud-based browser testing platform LambdaTest today announced it has secured US$16 million in Series B funding led by Sequoia Capital India. Telstra Ventures, MENA region investor Wamda Capital and a leading sovereign wealth fund also joined the series B round. Founded in 2017 by Asad Khan and Jay Singh, San Francisco-based LambdaTest is a cloud-based testing infrastructure company that allows users to seamlessly test their websites’ and apps’ look, feel and performance on over 2,000 different browsers and by operating systems and device combinations. The proliferation of devices and browsers has made it increasingly complex for developers to test their websites and apps. LambdaTest solves this problem by enabling developers to run a variety of tests through their cloud-based platform, spotlight concerns, share immediately with teams and remedy issues quickly. LambdaTest exists to support the developer community to identify defects in code much earlier in the release cycle. These defects present one of the biggest challenges and costs facing businesses. Indeed, the cost of fixing these defects once in production and release is 30x higher than addressing earlier in the development cycle. Since its launch, LambdaTest has attracted over 500,000 developers in 132 countries who have performed more than 20 million tests. Customers include SMEs and Fortune 500 companies such as Xerox, Cisco, Microsoft, Deloitte, Media.net, Coca Cola, Trepp, SurveyMonkey, Capgemini, HBR, 23andme and Dashlane. Asad Khan, CEO of LambdaTest commented: “Companies are increasingly competing on customer experience 1 and as such are releasing software updates faster, more frequently to remain relevant. In doing so, there is a greater demand for continuous testing to ensure quality releases in the production environment. In just six short months since the series A round in 2020, LambdaTest has doubled revenues and increased customer numbers by 20%. In that time headcount has doubled in size from 70 people pre-Series A to 150 today across the engineering, sales, and customer success teams. Harshjit Sethi, Principal at Sequoia India commented: “As every company is becoming a software company and deployment cycles are shrinking, testing is becoming an increasingly important part of the software development cycle. Additionally testing is now happening earlier and earlier in the development cycle as part of the ‘Shift Left’ movement that companies like LambdaTest are enabling. Operating in a USD 35 billion market for testing software and services, LambdaTest has emerged as the go-to platform for its users in browser testing, evident from its best-in-class ratings across review sites. Sequoia Capital India is excited to continue partnering with the LambdaTest team as they execute on their vision of building an end-to-end testing system for developers to enable companies to release more reliable software faster.” The number of software tests run by developers has almost doubled from 12m to over 20m in six months at LambdaTest. As developers shift to cloud-based testing, this number will grow exponentially. This trend has been accelerated by the adoption of the Shift Left approach, as more developers are testing code early before they ship to the testing cycles. “LambdaTest’s vision is to empower 23 million developers and testers worldwide with a powerful, comprehensive and secure continuous quality test platform. Our upcoming product lines will enable tech teams to ship high quality code seamlessly boosting their release velocity” added Asad Khan. Steve Schmidt, General Partner at Telstra Ventures commented: “We have an opportunity to build a very large scale and independent testing company with a modern approach to software development and that’s very exciting. Lambdatest has already signed several customers in Australia without having any local presence and we look forward to helping them build out a local APAC team to meet this demand”. The funding advances LambdaTest’s commitment to scaling the testing ecosystem and building next-generation cloud infrastructure for users. To this end, LambdaTest is broadening its reach with the tester community by engaging with developers as it launches a suite of products in 2021 designed for them to perform tests on scale. “We’ve had an exciting period of growth and there is more to come as we expand our platform capabilities and go deeper in global markets. This funding round validates our efforts in building a robust cloud testing platform that is truly resonating with the testing and developer community globally. We pride ourselves in delivering a highly reliable, stable and secure infrastructure for them to achieve success. This success is born out in the numbers as our customers have been able to increase release velocity by over 60% and half the time to market” concluded Asad Khan. About LambdaTest LambdaTest is a cloud testing infrastructure company that allows users to run both manual and automated tests on their websites and webapps across 2000+ different browsers, browser versions and operating system environments. The platform has been used to perform over 20 million tests in just three years, and is now being used by over 500,000 users across 132 different countries. Contact Details LambdaTest Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.theeditldn.com/

June 02, 2021 05:00 AM Eastern Daylight Time

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TechInsights partners with Strategy Analytics and Munro & Associates to deliver an in-depth analysis of electric vehicle technologies

TechInsights

TechInsights announces that they will be joining forces with Strategy Analytics and Munro & Associates to deliver a webinar on electric vehicle (EV) technologies. Two sessions will be presented, the first to North American and European audiences on June 15, and the second to Asian audiences on June 17. “The EV technology analysis compiled by our three organizations is complementary,” explains Jason Abt, CTO of TechInsights, “and provides a comprehensive overview of the market, the design and the implementation down to the semiconductor level.” In this webinar “An in-depth analysis of electric vehicle technologies, from the market to the semiconductor,” Strategy Analytics will discuss the automotive market, Munro & Associates will look at the electronic systems, schematics, components and mechanical designs involved in electric vehicles, and TechInsights will examine various EV components at the semiconductor level. Speakers include: Ian Riches and Asif Anwar of Strategy Analytics - Celebrating 25 years of insights Gheorghe Galben of Munro & Associates - Saving companies billions of dollars through benchmarking, costing, and innovation in product design Morahari Reddy of TechInsights - Revealing the innovation others cannot inside microelectronics and semiconductor products This discussion will present microelectronic systems that enable many of the top electric vehicle consumer features: Long range enablement – inverter efficiency Lower operating costs - high reliability designs and components Higher performance - power system advancements Learn more about the webinar “An in-depth analysis of electric vehicle technologies, from the market to the semiconductor,” and register to attend, here. Contact Details Kim Waterman Manager, Content and Campaigns +1 613-576-0145 kwaterman@techinsights.com

May 28, 2021 09:00 AM Eastern Daylight Time

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British online store The Edit LDN transforms prized sneaker industry as sales soar

Stockwood Strategy

The UK’s leading online store for limited edition sneakers and high end streetwear The Edit Man London has become The Edit LDN. The name change reflects the rapidly growing female appeal for new and pre-loved sneakers and streetwear as sales grow 60% month-on-month in the last 12 months. The Edit LDN is an online consignment store that sells new and pre-loved goods from a variety of brands including Yeezy, Jordan, Louis Vuitton, Dior, Off-White, Supreme, Fear of God among others to a wide community of fashionistas, collectors and investors. Just as premium sites like Farfetch address the fashion world, The Edit LDN is the leading destination for limited edition sneakers and high end streetwear. They connect premium resellers with a highly engaged, price agnostic and eager audience. Through partnerships with styling services such as Thread.com and various concierge companies, THE EDIT LDN has expanded its community of buyers from TV and film celebrities to professional footballers and royal families around the world. Moses Rashid, founder and CEO of The Edit LDN commented: “As a brand we want to remain current and relevant to our community, our new name now fairly represents and embraces our diverse community but is true to its origins. We dropped the ‘Man’ from the name simply because the number of women buying had been steadily increasing since launch in January 2020 and passed 50% in March this year. It was the right thing to do.” The Edit LDN has established itself as a trusted source of authenticated and high quality new and pre-loved streetwear and sneakers. Their unabating focus on speed (to deliver purchased goods), customer service engagement and ensuring all goods are authenticated has been testament to the growth of the platform and community. “We set out to create a destination that opens up and levels up the opportunity for anyone wishing to own extremely limited edition goods. Essentially we make Inaccessible, accessible. Previous means to buy these goods have been riddled with issues such as sending payments to random resellers found on social media, authenticity issues when buying online and long delivery times on purchases from global marketplaces. The Edit LDN addresses all these concerns and is transforming the customer experience and industry simultaneously, added Moses ”. In 2021 (to April), The Edit LDN attracted more traffic, transactions and revenue than in their first year of trading (2020). With 60% month-on-month growth and mounting interest, the business is set to take-off. “We’re regularly selling sneakers and streetwear worth £1,500 each. Recently, we sold a Gucci TNF jacket for £9,200. It’s not only the variety of goods we offer but the speed at which we send purchases. Just last year we managed to source and sell 44 Playstation 5 games consoles to the England U21 football team within 24 hours, literally dispatching them in Ubers to their homes” said Moses. Looking ahead, Moses added: “This is a marketplace worth $6b a year globally and will grow 5x by 2030. By the end of this year, The Edit LDN will be worth £10m and given the hyper growth rate of our sales and revenues, we will 3x our valuation by the end of 2022 for sure. In meeting the needs of this rapid scaling, we will seek to raise funds this year to propel us as we launch in new markets”. The Edit LDN has its community and social conscious front of mind. They have raised funds and awareness against gun crime, mental health and sustainability issues. In 2020, the company collaborated with the artist McCrow as part of the One Less Gun campaign to create a sneaker with bullet shells from an AK-47 rifle. Working with Gary James McQueen in aid of MIND mental health charity, they raised funds with an exclusive T-shirt drop featuring the famous McQueen Vanitas skull. In owning their sustainability agenda, they turned their focus to the circular economy by selling pre-owned (or pre-loved) goods through the platform. In addition to this, they are a paperless company and only ship products using recycled packaging. “At the heart of The Edit LDN proposition is a focus on social and economic issues. These are matters that are important to us and our community, so we recognise that we’re in a super hot market right now so we want to use our platform to make a long lasting impact where possible” concluded Moses. About The Edit LDN Founded in 2020, The Edit LDN has quickly become the UK’s leading online consignment store for limited edition sneakers and high end streetwear, both new and pre-loved items. Their innovative platform connects premium resellers to a global audience offering a deluxe experience from discovery, packaging and delivery. Brands include Jordan, Yeezy, Louis Vuitton, Dior, Off-White, Supreme, Fear of God among others. The platform is fast becoming synonymous with speed of service, authenticity, diverse selection of secure payment methods, and first class customer service. The Edit LDN is the leading destination for resellers and their premium sneakers and streetwear. Through partnerships with styling services such as Thread.com and various concierge companies, The Edit LDN has a community of buyers celebrities to professional footballers and royal families around the world. Contact Details The Edit LDN Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.theeditldn.com/

May 27, 2021 05:00 AM Eastern Daylight Time

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Texas Municipality Deploys City-Wide Advanced Network with Comcast Business

Comcast Houston

Comcast Business today announced that the City of Richmond, Texas, is leveraging Ethernet Dedicated Internet, VoiceEdge cloud-based VoIP, Business Internet and Ethernet Network Services to give city employees the ability to efficiently set up remote work environments. Further, a city-wide fiber rich network from Comcast supports city operations and automated call attendants with VoiceEdge which have helped the city modernize and provide better value for its community members. “Comcast Business helped us grow in our capacity to provide services to our citizens and expand internally in order to support applications that service the community,” said Jose Medina, IT Analyst for the City of Richmond. “Now, we’re in a position where we can grow easily and we’re ready for it.” The City of Richmond modernized its network systems to bolster its response to unexpected disaster events. With the implementation of Comcast Business VoiceEdge, City employees gained the flexibility of moving their phone lines with them via the VoiceEdge mobile app – a capability that proved invaluable shortly after installation, when Hurricane Harvey caused mass flooding at the city’s facilities. The COVID-19 pandemic has been another proof point of the city’s preparedness, as City employees have relied on Comcast Business services to work remotely. Since implementing its scalable network, the City has also virtualized and consolidated its individual servers into one data center, established VPNs and connected all its remote sites. Now, all City facilities, including the Police Department, Fire stations, City Hall and the Public Works facilities, are part of the network. A long-time Comcast Business customer, the City is the county seat in its area. Because it is located right outside of Houston between four Texas counties, it anticipates a significant amount of both population and economic growth over the coming years. Comcast Business’ services have helped the city not only address short-term networking problems but implement solutions that can grow and adapt over time with the city’s population and economy. City Manager Terri Vela shared, “Our long-standing partnership with Comcast Business has provided ease to maintain services as we modernize to efficiently serve our customers and citizens. Recent years have introduced our employees to multiple disasters which require shifting of work areas or remote working. Modernizing the City’s network system cost effectively have allowed our teams to be responsive and have elevated Richmond’s preparedness for long term challenges. Comcast Business also provides the City of Richmond simplicity of adding systems on the fiber network which enable us to prepare for the continued growth in the area.” “Comcast Business is proud to provide technology solutions for growing municipalities like the City of Richmond that help city managers with operational success in both the short and long term,” added Vince Margiotta, Vice President of Business Services for Comcast’s Houston Region. “We’re pleased that our partnership with the city is helping to deliver advanced technology solutions that support its employees and citizens alike.” About Comcast Business Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. Contact Details Comcast Michael Bybee +1 281-605-9658 Michael_Bybee@cable.comcast.com FINN Partners Chloe Huard chloe.huard@finnpartners.com Company Website https://houston.comcast.com/

May 26, 2021 01:00 PM Central Daylight Time

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