News Hub | News Direct

Professional Services

Architecture CRM/Customer Service Consulting Government & Policy Human Resources Intellectual Property/Trademark/Patent Law Legal
Article thumbnail News Release

National Tax Policy Leaders Meet to Focus on New Markets Tax Credit

New Markets Tax Credit Coalition

WASHINGTON, D.C. (December 16, 2021) — Tax policy trends and economic recovery for underserved urban and rural communities were the focus at the New Markets Tax Credit (NMTC) Coalition annual NMTC Conference, held virtually yesterday. The event was attended by 300 industry professionals and policymakers and featured five members of Congress and CDFI Fund Director Jodi Harris as keynote speakers. Conference participants noted the need to pass legislation calling for the NMTC’s permanence as a key tax policy. Keynote speakers included Ways and Means Chairman Rep. Richard Neal (D-MA); Senate Republican Policy Committee Chairman Roy Blunt (R-MO); House Chief Deputy Whip Terri Sewell (D-AL); Senate Finance Committee members Ben Cardin (D-MD) and Mark Warner (D-VA); and CDFI Fund Director Jodie Harris. Panelists included congressional staff, NMTC board members and leadership, investors and economic development leaders, Treasury Department officials, and legal experts. Panels held discussions on the impact of the pandemic, the pending permanent extension of the Treasury Department program, changes to the Community Reinvestment Act and credit pricing, legislative hurdles, and the latest insights from the Treasury Department. “The amount of good that the New Markets Tax Credit has done in our communities – especially during this incredibly challenging time – cannot be overstated,” said Congressman Neal. “The types of projects that the program supports are exactly what we in the congress say that this country needs to ‘Build Back Better.’” Never in the twenty-year history of the NMTC has there been more support from policymakers. Over the last two years, Congress twice enacted legislation to significantly expand the Credit. In 2019, the NMTC was extended for one year (2020) with a 44 percent increase in allocation authority from $3.5 to $5 billion. December of the following year, Congress enacted a 5-year, $25 billion NMTC extension through 2025, the largest in the program's history. “Senator Cardin and I have been working on this together for a long time. We were able in the last year to get it extended for five years, and at a 5 billion dollar number,” said Senator Blunt, describing the five-year extension. “I think it’s proven its value,” he added. “Everything from the big new food bank in the Kansas City area to a health clinic at Warsaw near Truman Lake were built with the New Markets Tax Credit.” “Most important to me in Maryland, the New Markets Tax Credit has produced more than 34,000 jobs statewide and an investment of 3.6 billion dollars in capital across 93 individual projects,” said Senator Cardin. “Your work changes the lives of Marylanders and all Americans for the better in communities that need the most support.” The recent expansions of the program were only possible because of the significant support for the NMTC in both parties, in addition to Congressman Neal and Senators Blunt and Cardin. In the 116th Congress, nearly 200 members of Congress, evenly divided between Democrats and Republicans - took action in support of the NMTC, either by cosponsoring legislation expanding the Credit or by signing a letter in support of NMTC permanence. The arrival of the 117th Congress and the Biden administration has continued support for the NMTC program. The New Markets Tax Credit Extension Act of 2021 (HR 1321/S. 456) has amassed over 110 combined cosponsors from both parties. The Biden Administration's Fiscal Year 2022 tax proposals additionally included a permanent extension of the NMTC. “As the lead sponsor of the New Markets Tax Credit Extension Act, I have been fighting to expand this credit which is critically important for the economic development in underserved communities in my district,” said Representative Sewell. “By incentivizing private investment to spur economic growth, the New Market Tax Credit is one of the most powerful tools in our toolkit to revitalize urban and rural communities that need so much help across the country.” “I think that we all know that development in smaller communities in America continues to be a challenge,” said Senator Warner. “Hopefully that challenge is going to get a little easier now that we have finally provided the appropriate amount of broadband resources so that every rural community in America will have access to highspeed internet broadband, but we ought to combine that connectivity with the ability to utilize the very successful New Markets Tax Credit program.” Permanent extension of the New Markets Tax Credit is currently pending adoption within the Congressional Build Back Better legislation with all eyes on the Senate. “With more than two decades of bipartisan successes under our belt, we’re continuing our push to increase funds and to make the NMTC permanent,” said Bob Rapoza, NMTC Coalition spokesperson. “At a time when the economic frailty of our underserved communities has never been more apparent, we see a tremendous opportunity for our coalition to help create jobs, spread opportunity, and put America back on a solid financial footing, and we implore Congress to make it happen.” About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 in an effort to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today due to NMTC, more than $115 billion is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. For more information, visit www.NMTCCoalition.org. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 in an effort to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today, due to the NMTC, nearly $110 billion is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. For more information, visit www.NMTCCoalition.org Contact Details Bob Rapoza +1 202-498-9921 bob@rapoza.org Company Website https://nmtccoalition.org/

December 16, 2021 12:09 PM Eastern Standard Time

Article thumbnail News Release

Centerboard Announces New Model for Supply Chain Management with Industry-First API Offering

Centerboard

Centerboard, the neutral, shipper-centric transportation management provider, announced today the availability of Centerboard Microservices, API solutions enabling seamless technology integration for shippers and technology providers. Presenting a ground-breaking approach to supply chain access, the cloud-based, a-la-carte offerings give users a fully customizable experience. Reflecting its mission to give shippers complete control over their supply chain, Centerboard’s API offering allows software providers to embed supply chain access into their clients’ existing systems, regardless of the transportation management system (TMS) or enterprise resource planning (ERP) platform. “We’ve spent years working closely with shippers and leading technology providers – not only listening to their needs but building an IT roadmap that directly addresses those needs. The biggest pain point we’ve seen is the lack of neutrality and flexibility regarding technology solutions,” said Lindsey Shellman, Chief Commercial Officer at Centerboard. “The APIs through Centerboard Microservices is a solution that no one else in the industry is offering. We are thrilled to address the complexity of supply chain and let users access shipping functionality from within their existing applications. For the first time, users will have affordable access to technology that provides true visibility and control of their supply chain operations, while eliminating the need to juggle multiple tech stacks.” BluePallet, the first end-to-end commerce platform for the chemical industry, is currently leveraging Centerboard Microservices to increase efficiencies for their users. “Our partnership with Centerboard strengthens the TMS functionality within the existing framework of our marketplace, helping our users spend less time managing multiple supply chain services outside of our platform,” said Pat Salomé, Chief Product Officer at BluePallet. “We are looking forward to our continued partnership with Centerboard to support our network of manufacturers and distributors.” Since rebranding in September, Centerboard has experienced substantial growth with an expanded roster of customers in chemical distribution, and food and beverage industries, including Dien, a leader in North American specialty chemical and ingredient distribution; JSI Store Fixtures, a branded display supplier to major supermarkets, convenience and specialty store chains; and S.L. Fusco, Inc. a Los Angeles based industrial supply distributor. Centerboard has also launched a range of new features, including advanced shipment notifications and enhanced carrier tracking messages. In addition to platform developments, Centerboard continues to invest in its team growth and plans to open a new state-of-the-art office facility this month. To learn more about Centerboard and schedule a demo please visit www.centerboard.com. About Centerboard Centerboard is a neutral, shipper-centric transportation and supply chain management provider supplying shippers with access to a wide range of affordable features needed to take control of operations. Centerboard unlocks business opportunities for shippers, carriers, and supply chain stakeholders, through leveraging real-time data. Contact Details Kite Hill PR for Centerboard Kite Hill PR centerboard@kitehillpr.com Company Website https://www.centerboard.com/

December 16, 2021 09:30 AM Eastern Standard Time

Article thumbnail News Release

OUT OF OFFICE ALERT: Work Anywhere in the World Courtesy of Velocity Global

Velocity Global

Nationwide contest sends three winners to live anywhere in the world for a full year and keep their current job Velocity Global to showcase the positive impact of remote work by supporting the winners at no cost to their employers Velocity Global, the leading provider of global talent solutions, today announced its Out of Office Year TM contest, which provides three winners the ability to work remotely in their current jobs from anywhere in the world, paid for by Velocity Global. "In this new world of work, you can be the CEO of your own career. Talent can move across the country or across the world on their own terms and their employer can benefit,” said Ben Wright, Velocity Global founder, and CEO. “The ‘Out of Office Year’ demonstrates to employers and employees how simple it is to work from anywhere, all while gaining new life experiences and a broader world view.” Workplace flexibility remains top of mind for workers. According to an August 2021 survey from FlexJobs, 58% of employees reported they wanted to be full-time remote post-pandemic. It’s a desire among business leaders as well. In the 2022 Velocity Global Work in Progress report, 63% of the more than 1,000 tech leaders surveyed said they would prefer to work from a new location such as closer to family or overseas. As employers continue to institute policies around different workplace concepts – remote, in-office, or hybrid – employees are evaluating if those policies align with their priorities. “The ability to work remotely is one of the most important conversations employers can have with their current and potential employees,” said Robert Herjavec, founder and CEO of Herjavec Group and Velocity Global brand ambassador. “I grew a leading cybersecurity company by committing to hire top talent from anywhere. I know the benefits that ‘work anywhere’ brings to a business, but now employees know the benefits it brings to their lives. There’s no turning back and Velocity Global’s Out of Office Year sheds light on how simple it can be to make this benefit a reality.” Out of Office Year Contest Details The contest is open to all U.S. residents interested in moving to another location while keeping their current job. At OOOyear.com, applicants submit up to a 60-second video explaining where and why they want to work remotely. Velocity Global will select three applicants and fulfill their dreams of working anywhere. Velocity Global will facilitate the conversation between the employees and their employers regarding worry-free compliance, payroll, and employee support. Velocity Global will support that employee through its global work platform in any of more than 185 countries for one year at no cost to the employer. The employer simply continues to pay the salary, benefits, and other regulatory requirements just as they do now for that employee. The winners and their stories will be chronicled through Velocity Global’s social media channels to inspire other employees and employers to enter the future of work. For more information about the contest or to submit an entry, please visit OOOyear.com. Applications are now open until January 31, 2022. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience to employ any talent anywhere with just a click through its proprietary cloud-based workforce management technology, backed by personalized expertise and unmatched global scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information visit velocityglobal.com. Contact Details Velocity Global Eli Rice +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

December 15, 2021 07:01 AM Mountain Standard Time

Video Image
Article thumbnail News Release

Chief Compliance Officers find U.S. Department of Justice’s Recent Guidance Documents on Effective Corporate Compliance Programs are Helpful but Need More Detail

Ethics & Compliance Initiative

Today the Ethics & Compliance Initiative ( ECI ™) released the report of findings from a survey of nearly 250 chief compliance officers (CCOs) on the value and impact of several guidance documents issued by the U.S. Department of Justice (DOJ) since 2019. The Corporate Compliance Program (CCP) and DOJ Enforcement Policies survey inquired about CCOs’ views of four primary DOJ policy or guidance documents that communicate the criteria used by the DOJ to evaluate the effectiveness of corporate compliance programs in enforcement decisions. The survey further sought CCO input about ways the DOJ could further incentivize corporate compliance and encourage corporate self-disclosure and cooperation in the event of violations. ECI surveyed ethics & compliance (E&C) leaders about the DOJ’s: Evaluation of Corporate Compliance Programs (CCP), updated June 2020; Guidelines for Taking Disclosure, Cooperation, and Remediation into Account in False Claims Act Matters (FCA-related policies), issued March 2019; Resource Guide to the U.S. Foreign Corrupt Practices Act (FCPA), 2nd edition, July 2020 (this guide discusses the FCPA Corporate Enforcement Policy (CEP) contained in the Justice Manual [CEP as explained in the FCPA resources guide]); Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations, issued July 2019 (antitrust compliance program guidance); and Incentivizing effective programs and compliance in organizations. ECI found that the majority of CCOs – on average 68% – were familiar with the DOJ’s four guidance documents. CCOs were most familiar with the DOJ’s Evaluation of Corporate Compliance Programs guidance document. ECI also asked about the helpfulness of DOJ’s policies and found that E&C leaders overwhelmingly agreed they are helpful. CCOs said that they have been able to educate stakeholders about the DOJ’s perspective in order to promote the importance of compliance and to strengthen the cultures of their organizations. The extent to which CCOs briefed various stakeholder groups about the DOJ’s issuance of guidelines varied by the policy document. Company efforts to adjust their programs in light of DOJ’s criteria also varied, in part due to the extent to which companies felt that their programs already sufficiently addressed the DOJ’s standard, or to the extent that the policy area (such as FCPA, FCA or Antitrust) was identified as a key risk for the corporation. In terms of corporate willingness to self-disclose violations, particularly with regard to FCPA, FCA and Antitrust violations, CCOs indicated that their organizations would be more willing to self-disclose and cooperate if they were aware that the DOJ is consistently giving credit to other organizations for doing so. The challenge, however, is that an average 63% of CCOs indicated that they are unsure whether the DOJ is consistently declining prosecutions, awarding credit or negotiating plea agreements in alignment with its guidance. Through the survey, CCOs offered suggestions as to how the DOJ could further incentivize corporate compliance programs. These included: Providing illustrative examples of E&C program practices that were influential in DOJ’s declination decisions; Providing more details of enforcement actions, improving its guidance documents, and engaging more with companies; Providing credit for company efforts to build a strong ethical culture; Dismissal of a qui tam action if the company maintains an effective compliance program in a situation where an employee failed to report internally before filing suit; and Elimination of the threat of debarment or exclusion for companies with effective E&C programs. ECI will hold a Best Practice Forum – The Impact of DOJ Guidance on Corporate Compliance Programs – from 2 pm to 3:30 pm EST on Wednesday, December 15, to discuss and consider: The value of DOJ enforcement guidelines and resources to E&C functions; How DOJ guidance is being applied in organizations and why it is not being applied in some cases; The information and guidance E&C leaders are looking for from the DOJ; and The October 2021 DOJ memorandum on corporate criminal enforcement policies in the context of ECI’s survey findings. “It is clear from the study that the Department of Justice has a significant impact on corporate compliance practices,” said Patricia J. Harned, Ph.D., Chief Executive Officer of ECI. “Respondents overwhelmingly agree that reforms demonstrative of a cooperative approach rather than a punitive approach by DOJ would incentivize improved corporate compliance in organizations. “It is our hope that ECI will have an opportunity to speak further about these results with the DOJ, on behalf of the ethics & compliance profession.” The Corporate Compliance Program (CCP) and DOJ Enforcement Policies Summary of Findings is available here. About ECI Established in 1922, the Ethics & Compliance Initiative™ ( ECI ™) comprises the two oldest nonprofits in the ethics & compliance industry; the Ethics Resource Center® (d.b.a. the Ethics Research Center) and the Ethics & Compliance Officer Association (d.b.a. the Ethics & Compliance Association). Through its research, ECI identifies the practices that improve ethics & compliance program effectiveness and build institutional culture strength. As an association, ECI brings together ethics & compliance professionals and academics from all over the world to share techniques, resources and exciting new ideas. ECI also has an established track record of providing support to organizations seeking to transform their cultures, often in the wake of significant challenges with noncompliance. Contact Details Florence Sumaray +1 301-717-9063 florence@ethics.org Company Website https://www.ethics.org

December 14, 2021 03:05 PM Eastern Standard Time

Image
Article thumbnail News Release

College of DuPage Paralegal Alumna One of Seven Certified Russian Court Interpreters in Illinois

College of DuPage

In federal courthouses across the U.S., access to justice requires the use of languages spoken around the globe. As one of only seven Certified Court Interpreters in Illinois for the Russian language, College of DuPage alumna Olga Bronovytska plays an integral role in helping a defendant with limited English proficiency or who is deaf or hard-of-hearing understand legal proceedings and assist in their case from beginning to end. “Regardless of the outcome of a case, the bottom line is that meaningful access to the process is provided to the defendant,” Bronovytska said. A 2020 COD Paralegal Studies graduate, Bronovytska said the College provided her a solid foundation to learning the intricacies that take place in a courtroom. “Without completing the Paralegal Studies program at COD, I would not have been comfortable interpreting hearings, depositions, arbitrations and other cases,” she said. “Without specific education in the legal field, it is just impossible to embrace and be fluent in legal proceedings. I decided I needed to go through the entire program to obtain a solid foundation.” Because she was working and raising two young children, Bronovytska took only one or two classes per semester. She was thrilled with the encouragement she received from both faculty and peers, including Paralegal Professor Sally Fairbank. “Professor Fairbank made me realize how many more professional opportunities would open up if I completed the program,” she said. “I was also amazed with the support that faculty provided. It was immediate.” Fairbank credits Bronovytska’s tenacity during her time in the program and has enjoyed seeing her flourish in the field. “Olga was the consummate professional from the first day she started our program,” she said. “She was poised, prepared and courteous, and her work product was superior. She was continuously focused on learning and self-improvement, and I am thrilled that our program assisted her in reaching this prestigious accomplishment. Court interpreters play such a vital role in the constitutional process, and they allow everyone, no matter their background, a fair trial.” During the next few years, Bronovytska—who also interprets Ukrainian, is advanced in French and is conversational in Mandarin Chinese—plans to continue working as a court interpreter while looking for additional courses to take at COD, including corporate law. She then would like to find employment with U.S. Citizenship and Immigration Services, where she can use her multilingual skills, or with corporations where she could use both linguistic skills and knowledge obtained during her time in the Paralegal Studies program. “My COD professors provided me with consistent support throughout the program, and to them I must give a sincere ‘thank you.’” Learn more about the Paralegal Studies program at College of DuPage ### Contact Details Angela Mennecke +1 630-942-3134 menneckea@cod.edu

December 13, 2021 05:00 PM Central Standard Time

Image
Article thumbnail News Release

Catalyst Marketing Agency Wins Two MarCom Awards

Catalyst Marketing Agency

Catalyst, a Denver-based creative marketing agency, is the recipient of both a 2021 Gold MarCom Award for the agency’s blog and a Platinum MarCom Award for an e-Book created for Redis. The Platinum-winning e-Book, created jointly for Redis and Microsoft, is a sales tool used to educate current customers on Redis’s new offerings, enabling the sales team to increase the adoption rate for their latest platform. The Gold Award-winning Catalyst blog features news and insights on the latest trends in marketing from Catalyst’s Co-Founder and Chief Marketing and Growth Officer, Robin Emiliani. “We are thrilled that our blog, a place where we share our experience and point of view about all things marketing–with a touch of humor–was acknowledged as a top digital resource,” said Robin Emiliani. “And to have a client project win MarCom’s highest recognition speaks to our commitment to delivering high-quality deliverables that are not only smart and creative but better connect our clients with their customers.” MarCom Awards recognizes outstanding achievement by creative professionals involved in the concept, direction, design, and production of marketing and communication materials and programs. The 2021 competition saw more than 6,000 entries from the United States, Canada, and 39 other countries. Judges are industry professionals who look for companies and individuals whose talent exceeds a high standard of excellence and whose work serves as a benchmark for the industry. About Catalyst Catalyst is a creative marketing agency devoted to helping you reach your most audacious marketing goals. We exist to jolt your creativity—giving you the strategy and unexpected creative direction your business needs to capture your customers' attention. Learn more at catalystmarketing.io. Contact Details Catalyst Marketing Agency Maureen Walker +1 303-929-0481 maureen@catalystmarketing.io Company Website https://catalystmarketing.io/

December 13, 2021 09:00 AM Mountain Standard Time

Article thumbnail News Release

Velocity Global hires Colin McDonagh from Facebook to expand contractor management expertise

Velocity Global

Velocity Global, the leading provider of global talent solutions, today announced it welcomed Colin McDonagh as its vice president of Emerging Business. McDonagh applies more than a decade of experience innovating programs to source top contractor talent for global companies. McDonagh is a frequent expert speaker and contributor on the Future of Work and was the architect for Meta’s (formerly Facebook) highly respected Direct Source program. “We help companies work with anyone, anywhere, anyhow. Colin is an expert on all three,” said Eric Schroeder, Velocity Global chief operating officer. “Colin built a world-class contractor program at one of the largest companies on the planet and solved the complexities that stand between flexible talent and getting work done. He’ll apply that knowledge for our clients and our own triple-digit growth.” Velocity Global’s work platform combines the company’s proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale to build globally distributed teams. More than 1,000 clients rely on Velocity Global’s platform in 185 countries and all 50 United States without the need to set up their own legal entities or state registrations. “There’s no such thing as a company that relies solely on internal employees. Companies like Meta can’t execute big ideas without a diverse workforce from every corner of the globe,” said McDonagh. “I chose to join Velocity Global to contribute proven methods to simplify the process to work with anyone, anywhere, anyhow and honestly change the future of work at incredible scale,” said McDonagh. McDonagh is based in Dublin, Ireland, and is building a global team to deliver products and solutions for contractors and freelancers. Those positions are posted with other Velocity Global opportunities at https://velocityglobal.com/about-us/careers/. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience to employ any talent anywhere with just a click through its proprietary cloud-based workforce management technology, backed by personalized expertise and unmatched global scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across five continents. For more information visit velocityglobal.com. Contact Details Velocity Global John Hall +1 720-650-4348 johnhall@velocityglobal.com Company Website https://velocityglobal.com/

December 13, 2021 07:01 AM Mountain Standard Time

Image
Article thumbnail News Release

Simpay Adds Michael Hervis as Senior Vice President of Enterprise Sales

Simpay

Simpay, a full-service payments, payroll, and POS provider, is continuing to expand their executive leadership team with the appointment of Michael Hervis as Senior Vice President of Enterprise Sales. “We're thrilled to announce that Michael is heading Simpay’s Enterprise Sales Division. With his extensive industry background, he'll drive our expansion in alignment with the Simpay roadmap”, said Lazaros Kalemis, Simpay’s Founder and CEO. “Traditionally we have focused on boarding customers transactionally, one at a time. With Michael’s help we are now offering our platform, and our unique customer experience, to multi-layered companies, financial institutions, and software providers with specific market concentration. In his role, Hervis will focus on building a sustainable and profitable International Channel of large scale clients, partners, and ISVs. “Servicing Enterprise level accounts requires a sound infrastructure, exemplary responsiveness, and a superior technology stack to get the job done efficiently. Simpay has all three, along with the vision to keep finding ways to improve our programs”, says Hervis. There is a very natural fit, both personally and professionally, with Simpay, and I am excited to bring my 20 years of experience and proven track record of building high-performing business units, growing emerging markets and successfully turning around underperforming sectors to Simpay”. About Simpay: Simpay, a Trevose, PA-based company, provides payment acceptance, employee management solutions, POS systems, and growth tools for businesses across North America. Since our very beginnings in 2000, our commitment to quality and transparency has been the basis of everything we do. To learn more, visit simpay.net Contact Details For more information contact +1 866-253-2227 info@simpay.net Company Website https://www.simpay.net

December 13, 2021 09:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Rotunda Capital Partners Announces Several Key Promotions

Rotunda Capital Partners LLC

Rotunda Capital Partners LLC (“RCP”) is pleased to announce several promotions on both its investment and operations teams. These promotions reflect each individual’s exceptional work, proven leadership and meaningful contribution to Rotunda. We look forward to their continued success in their new roles. “Attracting and retaining top talent is a critical part of our continuing success and we are committed to developing and advancing our talent as we grow as a firm,” said John Fruehwirth, managing partner. “We are very proud of Rohit, Ryan, Cara, Brian and Nathan’s accomplishments and are excited to reward them with these much-deserved promotions. These team members contributed to Rotunda’s record deal volume in 2021 and recognition by Inc. Magazine as a Top Founder-Friendly Firm for the second straight year.” Promoted to Principal – Rohit Dhake and Ryan Aprill Rohit joined the firm in 2016 and has played a key role in sourcing and managing new investments over the past few years and he adds significant value, both to portfolio companies and in mentoring the mid-level and junior team members. Ryan joined Rotunda in 2020 and has immediately helped the firm by sourcing a new platform and multiple add-on investments in 2021 and mentoring the mid-level and junior team. Promoted to Vice President – Cara Hauen and Brian Kim Both Cara and Brian joined Rotunda in 2018 and have helped execute multiple deals and support portfolio companies. In their new roles, Cara and Brian will be responsible for leading due diligence on new investment opportunities and mentoring the junior team members. Promoted to Vice President – Nathan Bertsch Nathan joined Rotunda in 2018 and helps lead the Operations team with a particular expertise around using data and analytics to improve portfolio company performance. He will expand on his work and lead a larger team. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. The firm has offices in Bethesda, MD and Evanston, IL. For more information, visit www.rotundacapital.com. About Inc.'s List of Founder-Friendly Investors Inc. Magazine's Founder-Friendly Investors is a published list of U.S. founder-friendly private equity firms. Rotunda has paid a fee to be considered for this recognition. Private equity firms that have exited U.S.-based, founder-led, public or private, portfolio companies within the past five years were eligible to apply. This recognition is based on the analysis of and information gathered by Inc. Magazine using its own criteria and methodologies. As part of the vetting process, Inc. Magazine interviewed one or more portfolio company representatives about their experience partnering with Rotunda. For investments to qualify, portfolio company founders must have remained actively involved in their business for at least one year post-investment. The complete list of private equity firms considered for this award is not known to Rotunda. The award reflects information about a sample of portfolio companies and may not be representative of every portfolio company's experience with Rotunda. There is no guarantee that similar awards will be obtained by Rotunda in the future. Portfolio companies should make their own determinations about the prospects of partnering with Rotunda. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

December 09, 2021 07:34 AM Eastern Standard Time

1 ... 127128129130131 ... 184