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Customer Experience and Customer Engagement Market to Surpass $100 Billion in Annual Worldwide Revenue by 2026, According to Dash Research

Dash Network

Customer experience (CX) and customer engagement (CE) initiatives continue to be a major priority for organizations around the world, especially in light of the significant changes and disruptions to customer relationships that emerged as a result of the COVID-19 pandemic. According to a new report from Dash Research, this level of focus is leading to brisk growth in the market for CX/CE technology platforms. “While CX improvements are largely driven by organizational change management, software is increasingly being used to support these initiatives by managing and making available the plethora of customer data that is captured and aggregated from a variety of sources,” says principal analyst Keith Kirkpatrick. He adds that some of the key drivers of market growth include pandemic-related shutdowns and reopening, increased focus on omnichannel customer interaction capabilities, the rise of customer centricity, and the elimination of functional silos within organizations. Dash Research forecasts that global CX/CE revenue will increase from $63.6 billion in 2021 to $100.3 billion by 2026. The market size experienced a 13.5% decline between 2019 and 2020 due to economic effects of the COVID-19 pandemic, but spending has recovered in 2021 and is projected to reach 2019 levels again by the end of 2022. The market intelligence firm forecasts that the top 5 industries in terms of CX/CE spending between 2021 and 2026 will be as follows: Telecommunications Healthcare Financial Services & Insurance Retail Government/Public Sector Dash Research’s report, “CX Market Forecasts”, includes a detailed market sizing and forecast model that focuses on the business-to-business (B2B) and business-to-consumer (B2C) software and services opportunity related to CX and CE. The forecast is split into a variety of segments, based on the world region in which the solution is used, the offering itself, functional area, and industry. The impact of the COVID-19 pandemic, the market drivers and barriers, and insights into four industries that are driving the market spending are discussed in the report, along with recommendations for both end users and vendors. An Executive Summary of the report is available for free download on the firm’s website. Dash Research, the market intelligence arm of Dash Network, provides in-depth research and insights on the worldwide CX market including a comprehensive assessment of technology solutions, business issues, market drivers, and end-user dynamics across industry sectors. Dash Research’s global market coverage combines qualitative and quantitative research methodologies to provide a complete view of emerging business opportunities surrounding contact center technologies, customer data & analytics, customer data platforms, customer insights & feedback, customer relationship management, personalization & optimization, and employee experience. For more information, visit www.dashresearch.com or call +1.720.603.1700. Contact Details Clint Wheelock +1 720-603-1700 press@dashnetwork.com Company Website http://www.dashnetwork.com

November 15, 2021 05:30 AM Eastern Standard Time

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Innovative Startup Develops Unique Method to Remove Plastics from our Oceans

Our Cleaner Planet

Our Cleaner Planet, a non-profit startup with an innovative technique to remove plastics from our oceans, announced today that it has successfully completed prototype testing of its first plastic harvester and is now ready to move forward with larger unit testing. The program is scheduled to launch the first of its full-sized, plastic harvesters into ocean operation in 2025. Pat Marshall, founder of Our Cleaner Planet, says that he and the development team are very encouraged by the results of the prototype tests. “The test parameters for our 1:164-scale prototype were set up to evaluate speed and control and the first stage of the filtration process,” he said. “We exceeded on all levels and we are excited to move on to our larger scale, test model.” The next step is a 1:12-scale unit that the team expects to start testing in early 2022. Marshall, an accomplished aerospace engineer and executive with many years of research and development experience in the aerospace sector, created Our Cleaner Planet with the mission to harvest plastics from our oceans by developing innovative, sustainable methods that leverage proven engineering to create a cleaner, healthier planet. Our Cleaner Planet has a patent-pending design that is focused not only on the larger, macroplastics, but also on the much smaller micro- and nanoplastics. This is an important distinction because many current cleanup efforts focus solely on the larger pieces of plastic leaving the smaller pieces to continue damaging the ocean ecosystem and our global environment. “The problem has become much more impactful than just the sheer mass of plastic now in our oceans. Plastic does not biodegrade. Instead, it breaks down into smaller pieces. These smaller pieces continue to get smaller and more toxic, creating a domino effect of damage extending from the fragile ecosystems in our oceans to our global environment and all the way up the food chain to human ingestion,” Marshall revealed. “Removing plastics from the oceans is only part of the solution to this problem, but it is the important first step that Our Cleaner Planet will take.” In its efforts to attack this wide-ranging plastic problem, Our Cleaner Planet’s system will include a large ship that utilizes an ocean-borne, plastic debris harvesting process. The process will not only remove the macro- and microplastics, but it will also introduce a unique method of removing nanoplastics down to 5 microns in size. The system will extend from surface level to a depth of 60 feet, allowing Our Cleaner Planet to remove the much smaller plastics more effectively and at much deeper levels of the ocean. The company expects to develop a fleet of ships with each vessel capable of removing up to 1000 metric tons of plastics from the oceans each year. Marshall explained that Our Cleaner Planet is targeting a net zero harvesting system. “Harvested plastics will be further processed into fuel onboard and each ship will be outfitted with CO 2 scrubbers. Ash will be the sole byproduct of the process and excess ash will be further utilized in other industries finally completing the lifecycle of the harvested plastic,” he said Our Cleaner Planet was founded as a non-profit organization in 2018, but Marshall has been working on the problem and his patent-pending solution for more than eight years. He has assembled a team of professionals with decades of experience piloting complex projects from research and development to commercial release. Marshall says this gives them an extra advantage in development and implementation. “Instead of rushing to the ocean with an unproven design, wasting crucial time and investment capital, my team and I have been adamant about proving our concept and testing the design before we went public,” he said. Marshall and his team are currently seeking funding and additional support and expect to launch Our Cleaner Planet’s first full-sized ship in early 2025. For more information on Our Cleaner Planet, the plastic pollution problem, or to find ways to support the program, please visit www.ourcleanerplanet.com. About Our Cleaner Planet Our Cleaner Planet is a non-profit organization on a mission to harvest plastics from our oceans by developing innovative, sustainable methods that leverage proven engineering to create a cleaner, healthier planet, and empower a truly circular economy through scalable and profitable solutions. Established in 2018, the company has an innovative method and patent-pending design to remove plastic from our oceans. Our Cleaner Planet has successfully tested its 1:164-scale prototype proving the efficiency and effectiveness of its design. It expects additional model demonstrations and tests in early 2022 and is scheduled to launch its first full-sized plastic harvester in early 2025. For more information on Our Cleaner Planet, the Plastic Problem, Our Cleaner Planet’s unique solution, or its development timeline, visit www.ourcleanerplanet.com. Contact Details Our Cleaner Planet Jeff Dronen +1 254-274-5333

November 11, 2021 09:00 AM Pacific Standard Time

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Home Maintenance Tips for the Winter: How to Know if You Need to Call an Expert

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/2UPtX1CdE1s Ready or not, winter is on its way. Depending on where you live, you might've already felt the temperature drop, which means it's a good time to start preparing your home for the coldest months ahead. But if you’re not an expert in DIY home maintenance, knowing where to look and knowing what to look for can be difficult. It may be time to call in the real experts. On Thursday, November 4 th, Chief Operating Officer of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, Mark Dawson conducted a nationwide media tour to share helpful tips on preparing your home for winter and for the influx of family and friends this holiday season. For more information, expert and licensed professionals at Benjamin Franklin Plumbing, One Hour Heating & Air Conditioning and Mister Sparky are ready to assist and service homeowners across the country. To request a service, visit: https://www.mistersparky.com/ https://www.benjaminfranklinplumbing.com/ https://www.onehourheatandair.com / About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 10, 2021 04:54 PM Eastern Standard Time

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EagleTree Capital Acquires The Channel Company, a Leading Provider of Business Services for the IT Sector

The Channel Company

The Channel Company (or the “Company”), a leading provider of business services for the IT sector, and EagleTree Capital on behalf of its private equity fund EagleTree Partners V (“EagleTree”), announced today that EagleTree acquired The Channel Company from Stone-Goff Partners, a leading lower middle market private equity firm. The Channel Company is a leading provider of mission-critical business and marketing services for IT vendors, solution providers and distributors, with a full suite of solutions for the IT ecosystem including content, consulting, marketing and agency services, events and conferences, and data and analytics. The Company owns CRN.com, the most trusted media brand in the B2B IT channel sector and has the largest database of solution providers in the industry. The Channel Company’s management team will remain unchanged with Blaine Raddon as CEO and Rob Wiseltier (one of the Company’s founding partners) as CFO. Founding partners Bob Faletra, Dan Dignam and Lisa MacKenzie will continue in their roles as advisors to The Channel Company. “We are very excited to partner with EagleTree, an investor with deep experience in the B2B and business services sectors, and believe they have the resources we need to help drive our strategy forward,” said Blaine Raddon, CEO of The Channel Company. “EagleTree’s support will help The Channel Company accelerate the build out of our integrated solutions and bolster our ability to support the growing strategic needs of the global IT ecosystem.” Michael Struble, Senior Partner at EagleTree, said, “The Channel Company has built its reputation by helping to drive superior results for the largest technology companies in the world. We look forward to supporting the Company’s strategic growth plans to deepen its customer relationships and expand its capabilities with data and analytics.” “The Channel Company’s singular focus on all things information technology puts it on the forefront of a major technology investment cycle,” added Anup Bagaria, Co-Managing Partner at EagleTree. “We have been very impressed with Blaine and the rest of the management team and cannot wait to partner with them on this next phase of growth.” JEGI CLARITY acted as exclusive financial advisor and Fredrikson and Byron P.A. served as legal advisor to The Channel Company. Jones Day acted as legal advisor and Alvarez & Marsal acted as due diligence advisor to EagleTree. About The Channel Company The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 35 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. Follow The Channel Company on www.thechannelco.com. About EagleTree Capital EagleTree Capital is a leading New York-based middle-market private equity firm with assets under management of $4.8 billion as of December 31, 2020. The firm has completed over 35 private equity investments and over 75 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find us on LinkedIn. Contact Details EagleTree Capital Sard Verbinnen & Co. Stephanie Pillersdorf/Devin Broda +1 212-687-8080 EagleTree-SVC@sardverb.com The Channel Company Corporate Communications +1 508-416-1175 corporatecommunications@thechannelcompany.com Company Website https://www.eagletree.com

November 09, 2021 03:30 PM Eastern Standard Time

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BEASY Partners with Toldright to Provide Digital Asset Creation Services to Athletes, Musicians and Creators of all Types

Beasy, LLC

Blockchain Made Easy (dba BEASY) announced today it has agreed to a multi-year partnership with toldright, a first-of-its-kind production resource company dedicated to enhancing the video content of their clients through storytelling. Toldright will provide value added services to BEASY enabled communities. Toldright is a disruptive, new on-demand model for video production that matches clients with experienced creative professionals to elevate the look and feel of their video content. Founded by world-class industry leaders, toldright’s exclusive ‘Neighborhood’ includes more than 1,800 fully-vetted Emmy Award-winning artists around the country, featuring top-tier producers, editors, on-air talent, technical specialists, and more. Demand for video content has exploded in recent years, and professional athletes and brands continue to use video to tell their stories. “Offering BEASY creators access to toldright’s top-notch network of video talent and storytellers will help them produce innovative and engaging digital content in support of their own brands,” says Bob Kramich, Founder and CEO of BEASY. “Video and storytelling are key factors to successful sales and marketing, especially for athletes in this name, image and likeness (NIL) era. We are thrilled to be working with such an incredible player in the market,” he adds. The partnership between BEASY and toldright now offers smaller companies, organizations and individuals access to what has traditionally only been available to large corporations. “We are excited to work with BEASY to exclusively link its rapidly-growing community to our extensive ‘Neighborhood’ of global top-tier talent typically reserved for major networks,” says Max Heineman, CEO and Co-Founder of toldright. “BEASY participants now have access to the highest-quality people and production tools for telling and authenticating their digital legacies using blockchain technology.” This is the third press-release in recent weeks from BEASY. On October 21st and November 1st, BEASY announced multi-year agreements with Tykes, Inc., and the Recording Artists Guild (RAG), respectively. # # # About BEASY Blockchain Made Easy ™️, LLC is a Massachusetts-based technology and professional services company empowering retail and business customers with the ability to deploy customized blockchain-based strategies through easy-to-use blockchain software products. The company’s core product, BEASY Authentication ™️, is a multi-blockchain platform and associated wallet solution allowing users to seamlessly create, sell, and track digital goods in addition to a broad range of other applications such as digital identity management, fractional and whole digital asset ownership, royalties management, contract-to-smart contract management and more. BEASY does this without requiring owning or managing any cryptocurrency on major compatible blockchain networks such as Ethereum, Matic and more. BEASY is committed to making blockchain adoption easy. For more information, go to www.BEASY1.com About toldright Toldright is the first-of-its-kind on-demand production resource, transforming the video industry and empowering companies of all sizes the opportunity to tell great stories with an end-to-end solution that delivers accessibility, efficiency, unprecedented value, and amazing content. Through our exclusive “neighborhood” of 1,800 fully vetted production and content creators around the nation, that includes Emmy and Oscar Award winners, toldright has the flexibility to provide 5-star experts to meet the demands of any project. Founded by world-class industry leaders, toldright has already been trusted by iconic brands including ESPN, Tiger Woods Foundation, NFLPA, LPGA, Twitter, Showtime, Adobe, Citi, Xerox, and Dell. For more information on toldright, please visit www.toldright.com. # # # Media Relations Contacts: BEASY, LLC. Contact: David Kaupp info@beasy1.com Twitter: https://twitter.com/BeasyInc LinkedIn: https://www.linkedin.com/company/beasy-blockchain-made-easy-llc/ Instagram: https://www.instagram.com/beasy1859/ Toldright Matt Saler, Vice President M: +1 215 432 3149 301 E 57th Street New York, NY 10022 www.finnpartners.com Blockchain Made Easy, LLC is a Massachusetts-based technology and professional services company empowering retail and business customers with the ability to deploy customized blockchain-based strategies through easy-to-use blockchain software products. The company's core product, BEASY Authentication, is a multi-blockchain platform and associated wallet solution allowing users to seamlessly create, sell, and track digital goods in addition to a broad range of other applications such as digital identity management, fractional and whole digital asset ownership, royalties management, contract-to-smart contract management and more. BEASY does this without requiring owning or managing any cryptocurrency on major compatible blockchain networks such as Ethereum, Matic and more. BEASY is committed to making blockchain adoption easy. For more information, go to www.BEASY1.com Contact Details Beasy, LLC David Kaupp +1 978-360-6698 info@beasy1.com toldright Matt Saler, Vice President +1 215-432-3149 Company Website https://www.beasy1.com

November 09, 2021 11:06 AM Eastern Standard Time

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NMTC Coalition Urges White House and Congressional Leadership to Make the NMTC Permanent within the Final Federal Appropriations Package, As Passed by the House Budget Committee

New Markets Tax Credit Coalition

Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by 400 community development stakeholders to President Biden, House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, urging Democratic leadership to include provisions to make the New Markets Tax Credit Program permanent. The Coalition also supports additional NMTC enhancements approved by the House Ways and Means Committee in the budget reconciliation legislation. The Joint Committee on Taxation estimates the ten-year cost of the Ways and Means NMTC provisions at only $2.6 billion over ten years, while those funds will leverage an estimated $85 billion investment in economically distressed rural, urban, and tribal communities. These communities will benefit from improved services, increased private sector investment, and 700,000 new jobs at a federal cost of under $4,000 per job. “We strongly support making the NMTC permanent,” said Yvette Ittu, President of the NMTC Coalition and President of Cleveland Development Advisors. In February, Reps. Terri Sewell (D-AL), Tom Reed (R-NY), Sens. Ben Cardin (D-MD) and Roy Blunt (R-MO) introduced the New Markets Tax Credit (NMTC) Extension Act of 2021. The legislation permanently extends NMTC at $5 billion in annual credit authority, adjusts that amount for inflation in future years and provides an exception from the Alternative Minimum Tax (AMT) for New Markets investments. In December 2020, Congress extended the NMTC for five years, which was the largest extension in the history of the Credit. Throughout its 20-year history, the NMTC has delivered more than $110 billion to rural and urban communities outside the economic mainstream, which has led to financing to more than 6,000 business and projects and over one million jobs. Establishing the NMTC as a permanent part of the tax code will provide certainty and further promote the in getting patient, flexible capital to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when the economic frailty of our underserved communities has never been more apparent. Established in 2000 in the Community Renewal Tax Relief Act (P.L.106-554), the New Markets Tax Credit is a bipartisan effort to stimulate investment and economic growth in low-income urban neighborhoods and rural communities. Since then, the New Markets Tax Credit has financed more than 6,500 projects and created over one million jobs in all 50 states, the District of Columbia and Puerto Rico. “Following devastating impacts from COVID-19, the New Markets Tax Credit is absolutely vital for many of America’s urban neighborhoods and rural communities and will provide billions of dollars for high-impact, community revitalization projects,” said Bob Rapoza, spokesperson for the NMTC Coalition. “Over the years, the credit has been instrumental in financing plant and equipment for small manufacturing businesses and patient flexible capital to other small businesses, hospitals, healthcare centers, homeless shelters and other transformative projects that improve communities, create jobs and economic opportunity. A permanent extension of NMTC will provide more certainty to private sector investors, which will result in better pricing and more subsidy to hard-to-finance, essential projects.” For examples of how the NMTC is making an impact in each state, see the NMTC Coalition’s newly released report, NMTC at Work in Communities Across America, featuring updated state statistics sheets on NMTC efficacy and more than 80 Tax Credit success stories. 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/

November 08, 2021 02:50 PM Eastern Standard Time

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ALEXANDRA SALAS ELECTED CEO OF THE BUSINESS COUNCIL FOR PEACE (Bpeace)

Bpeace

Alexandra Salas has been elected Chief Executive Officer of the Business Council for Peace (Bpeace), the leading community of high-impact job creators. The announcement was made by outgoing CEO and co-founder, Toni Maloney, who is stepping down after leading the nonprofit for its first 19 years. They have worked together closely over the past year to ensure a smooth transition. TRANSITION FROM WITHIN Ms. Salas has been with Bpeace since 2015, most recently as Chief Program Officer. She engineered the successful pivot of the nonprofit's service delivery during the pandemic from in-person and remote, to remote only. “When economies slow down, resilience and creativity turn up,” said Ms. Salas. “We took collective action with our entrepreneurs, funders, staff and our volunteer experts. As a result, 100% of the businesses we advised survived the pandemic, and 98% of the jobs were preserved.” “Over the past two years Alex has doubled the number of Fast Runners Bpeace advises,” said Ms. Maloney. “As a result, more than 41,000 family members in four countries are supported by 10,500+ Fast Runner employees. Through the strong partnerships she has forged with the Argidius Foundation and USAID, and the continuous improvement she has led for our job creation services Maximizer and Women Forward, Bpeace is on a glide path to doubling the number of families we can impact.” Ms. Salas has 20+ years of private equity and development experience while working in the U.S, Argentina and Brazil, and is a graduate of Lehigh University. Bpeace is a remote-first organization, with a distributed workforce in five countries. Alex is based in the U.S., in North Carolina. STEPPING DOWN, BUT NOT OUT Ms. Maloney remains on the Bpeace Board of Directors and is leading several of the organization’s initiatives, including the global Bpeace Women Forward Roundtable in February. Her legacy is Bpeace’s enduring and proven operating model that creates jobs by helping small and medium-size businesses grow through guidance from volunteer business experts. She drove Bpeace’s unique lexicon, calling the entrepreneurs “Fast Runners” because the organization selects those who are in the best position to create jobs for others; and calling the business volunteers “Skillanthropists” because of the skills and knowledge they generously contribute pro bono. Bpeace has a bench of 400+ Skillanthropist volunteer business experts from companies including ZS Associates, FrontierView, Trusted Media, PwC, IBM, Amazon, Estee Lauder, IPG Health, ExCo Group, Nike and Barclays, as well as independent consultants. Prior to founding Bpeace, Toni led The Maloney Group, a strategic marketing firm. Over her 50-year career, she also held executive positions at American Express and the Ogilvy and McCann-Erickson advertising agencies. She is a graduate of New York University and is based in New York. Bpeace operates in crisis-affected communities to grow small and medium-size businesses, create significant employment for all, and expand the economic power of women. More jobs mean less violence.® The organization is currently providing business advisory services to entrepreneurs in El Salvador, Guatemala, Lebanon and to women-led and minority-owned businesses in the U.S. ********* Contacts: Caroline Basso +1 607.222.5791 cbasso@bpeace.org The Business Council for Peace (Bpeace) is an award-winning nonprofit working in crisis-affected communities to grow small businesses, create significant employment for all, and expand the economic power of women. More jobs mean less violence.® Contact Details Business Council for Peace Joan M. Harper +1 516-342-7240 jharper@bpeace.org Company Website https://www.bpeace.org/

November 05, 2021 08:30 AM Eastern Daylight Time

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National Partnership Action Fund Launches C4 Accountability Campaign Around Women’s Agenda

National Partnership Action Fund

Today, the National Partnership Action Fund announced that it is launching a campaign effort to ensure that the agenda that women and families voted for in the past election is carried out by policy makers. Recent polling has shown that paid family and medical leave is one of, if not the most, popular elements of any plan to help our economy rebuild amidst an ongoing pandemic. Women in particular have borne the brunt of the pandemic, with 3 million leaving the workforce, with one of the core reasons being a lack of ability to take leave to care for themselves and others. Yet the past few weeks have shown that women are still having to fight to be heard in the broader agenda. The Action Fund plans to engage in both grassroots and grasstops outreach in districts to ensure that the public knows who has stood up for their priorities, with elected officials being identified as She-roes or Zeros, to encourage and assist people in calling on their elected officials for action. The Fund will launch with a six-figure coffer with plans to raise additional funds from individuals and organizations who want to see Congress take stronger action for women’s priorities. “This past election women came out in larger numbers to support bold change,” said Lelaine Bigelow, Campaign Director of the National Partnership Action Fund. “We turned out in larger numbers than our male counterparts and we were the backbone of campaigns around the country. Yet we still have a culture that believes that infrastructure is only hard-hat jobs and that caregiving is women’s work and not worth investing in completely. We’re excited to launch this campaign to ensure that our elected officials hear loud and clear that we are watching and that we expect them to hold the line for women and families.” Contact Details Amaya Smith asmith@nationalpartnershipaction.org

November 03, 2021 04:09 PM Eastern Daylight Time

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Lexion Launches Email-First Contract Workflows for Rapid, Easy Adoption

Lexion

Lexion, an AI-powered contract management system, today announced Lexion Workflow, a new module that accelerates the in-house legal contracting process. Lexion’s Workflow spans the entire end-to-end contracting lifecycle from intake, drafts, and negotiation, to approvals and signature. Unlike other contract management systems, stakeholders can work with Lexion’s Workflow entirely via email, eliminating the need for complex configuration and training. “Incredibly easy is our key focus,” said Gaurav Oberoi, co-founder and CEO of Lexion. “In-house legal teams are tired of CLMs that over-promise and under-deliver. The root cause of that frustration is nearly always tied to organization-wide change management requirements and lengthy implementations. After speaking with more than 50 in-house counsel, it was clear to us that the key to unlocking value was to give legal teams an intuitive dashboard to manage intake and tasks, while letting the rest of the company simply email in requests, redlines, approvals, and follow-up questions.” “With Lexion, anyone in our company can simply send an email asking for a contract review, and it turns the request into a task on a dashboard,” said Michael Leman, Deputy General Counsel at Fox Factory (NASDAQ: FOXF). “I can then manage the entire process in one place, while my internal clients can remain in email. Unlike the prior CLM system we used, Lexion has made company-wide adoption painless, and given our legal team tools to clearly communicate status, measure performance KPIs, and accelerate contracting.” According to Gartner, legal departments will increase their technology spend 300 percent by 2025, and yet only realize 30 percent of the potential benefit of their CLM investments because of the complexities of requirements gathering, change management, and user adoption. Lexion is positioned to capture this demand by offering a pragmatic platform that delivers on the promise of speeding up contract review and eliminating legal busywork. Lexion will accomplish this with a focus on ease of use and AI-powered automation as key drivers. “Many of our clients are interested in improving the contracting process,” said David Wang, Chief Innovation Officer at Wilson Sonsini. “However, they are wary of the cost of implementation, and the difficulty of getting the entire organization to adopt elaborate systems. Lexion’s novel, email-centric approach, is a game changer in that it addresses the chief barriers to adoption and dramatically increases the chance that the business will realize the benefits of the system.” With the addition of Workflow to Lexion’s AI-powered Repository, Lexion now offers an end-to-end contract management solution for in-house legal teams that helps them capture key metrics and accelerate deals while using AI and automation to help them scale. About Lexion Lexion is an incredibly easy to use contract management system, powered by AI. We're on a mission to make legal teams highly productive and happy, by accelerating contract review and eliminating busywork through automation and AI. We use best in class natural language processing technologies to make it 100x easier for legal teams to find what’s in their contracts and automatically stay organized. Best of all, Lexion’s email-centric approach, and legacy contract onboarding, makes implementation and adoption easy. We built Lexion at Microsoft co-founder Paul Allen’s artificial intelligence research institute (AI2) and are backed by the same investors that funded OpenAI (Khosla Ventures), helped launch Amazon (Madrona Venture Group), and have advised Google (Wilson Sonsini). With a top notch and experienced team from Microsoft, Facebook, Google, and Amazon, we built a company that CB Insights ranked the #1 most promising AI legal tech startup in the world two years in a row (2020, 2021). Most importantly, fantastic brands trust Lexion to manage their contracts: Outreach, OfferUp, Blue Nile, and many more. Visit https://lexion.ai for more. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://lexion.ai/

November 03, 2021 09:00 AM Pacific Daylight Time

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