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U.S. Treasury Department's CDFI Fund Announces Fiscal Year 2020 NMTC Awards

New Markets Tax Credit Coalition

The U.S. Department of the Treasury's CDFI Fund announced the Calendar Year 2020 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $5 billion to 100 Community Development Entities (CDEs) from 34 states and the District of Columbia. "The federal New Markets Tax Credit is a unique and flexible community development tool with a successful track record, attracting investment capital and boosting economic activity in low-income areas," said Bob Rapoza, spokesman for the NMTC Coalition. "In fact, the NMTC has leveraged an unprecedented level of investment to low-income communities—generating about $110 billion in total capital investment through public-private partnerships that created more than one million jobs." The CDFI Fund indicated 208 CDEs applied for allocations for a total demand of $15.1 billion in tax credits. However, with 100 successful applications (56%) receiving $5 billion, the availability of credits only meets a fraction of the true demand in communities across America. 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. The NMTC provides a shallow federal tax credit of 39 percent, taken over seven years, for investments in census tracts where the individual poverty rate is at least 20 percent or where the median family income does not exceed 80 percent of the area median. In 2020, 85 percent of NMTC activity was in America's poorest rural and urban communities, characterized by poverty of at least 30 percent and unemployment rates 1.5 times the national average. In addition, more than half of NMTC allocation goes to communities where a majority of residents are people of color. Of the $51 billion in NMTC allocation deployed through 2019, $27.8 billion went to majority-minority census tracts, creating 244,000 permanent jobs. The economic consequences of the coronavirus pandemic have hit especially hard on low-income communities and the small businesses serving those communities. For that reason, it is important to note that some $3.8 billion (78%) of NMTC allocation will be deployed as loans and investments in operating businesses in rural, tribal, and urban low-income communities. To date, the NMTC has financed more than 7,000 projects, including nearly 3,000 community services and facilities, such as hospitals, schools, daycare centers, and non-profit service providers – all in areas that were lacking access to quality facilities before the NMTC investments. As a result, more than 18 million patients have been treated in NMTC-financed healthcare projects, and over 200,000 children participate in youth enrichment programs or receive care in early childhood learning centers. At the end of 2020, Congress extended the Credit through 2025 at $5 billion in annual credit authority, the largest ever NMTC extension. There is currently bipartisan legislation in Congress aimed at expanding the allocation level and investor base of the NMTC as well as making it permanent. The NMTC Extension Act of 2021, H.R.1321 in the House and S.456 in the Senate. There are presently 21 Senators signed on in support of S.456, which was introduced by Senators Ben Cardin (D-MD) and Roy Blunt (R-MO). H.R.1680 currently has 88 cosponsors and is led by Reps. Terri Sewell (D-AL) and Tom Reed (R-NY). "The NMTC is a great deal for the federal government, leveraging eight dollars in other investments in communities for every dollar in credits. But, most importantly, the NMTC is a critical tool for our country's small, overlooked rural towns and blighted urban neighborhoods that have been left outside of the economic mainstream for far too long. At least $2.7 billion – 75 percent – will be targeted to highly distressed communities, and one-fifth of the 2020 awards will be made in rural communities, with about $1.1 billion in NMTC investments going to revitalize non-metropolitan counties," said Rapoza. For examples of how the NMTC is making an impact in each state, see the NMTC Coalition's NMTC at Work in Communities 2020 report or check out its Project Profile Database. The Coalition also released the 17th edition of its NMTC Progress Report on June 17, which documents the NMTC impact in Calendar Year 2020 and features a special section analyzing the effects of NMTC investments and pandemic response efforts. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 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, $110 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam, 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/

September 01, 2021 01:42 PM Eastern Daylight Time

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PEOPLE and Great Place to Work® Announce PEOPLE’s “100 Companies That Care” for 2021

Great Place to Work®

Wegmans Food Markets Named No. 1 for Its Outstanding Support of Low-Income and Marginalized Communities by Securing Access to Food PEOPLE Partners with Great Place to Work® to Identify Top U.S. Companies that Demonstrate a Commitment to Caring for Their People, Their Communities, and the World https://people.com/human-interest/people-100-companies-that-care-2021/ #100CompaniesCare Meredith Corporation’s PEOPLE reveals its fifth annual list of 100 Companies That Care®, spotlighting employers that have gone above and beyond to create positive workplaces for their staff and the community at large. PEOPLE once again partnered with global workplace culture authority Great Place to Work to identify the top U.S. companies that best fit the criteria, analyzing survey responses from more than five million employees. Companies That Care is the only company culture award in America that selects winners based on the level of care and concern for their employees, their communities, and the environment. Wegmans Food Markets, Inc. landed the No. 1 spot this year for its outstanding support of low-income and marginalized communities by securing them access to food. In the past year, Wegmans’ total donation to local food banks and hunger relief agencies was close to $30 million and more than 18 million pounds of food. Read more about Wegmans and the other featured companies that made the list here and in the Sept. 13, 2021 issue of PEOPLE, which hits newsstands nationwide on Friday, Sept. 3, 2021. PEOPLE’s TOP 10 COMPANIES THAT CARE for 2021 Wegmans Food Markets, Inc. Cisco PulteGroup, Inc. Hilton Accenture Capital One Financial Corporation Camden Property Trust Bank of America Salesforce Hewlett Packard Enterprise Winning companies score highly on how well they create great employee experiences that cut across race, gender, age, disability status, or any aspect of who employees are or their roles. Great Place to Work also assessed the level of generosity of each organization’s benefits and philanthropic and community support – with particular focus on activities occurring in the last year. Multiple winners in 2021 are addressing racial and economic inequity, such as Bank of America (No. 8), which raised its minimum pay to $20 per hour and focused on hiring from low- and middle-income communities and other underrepresented groups including veterans. DICK’S Sporting Goods (No. 96) invested $12.5 million in the Black Economic Development Fund, empowering Black entrepreneurs and Black communities through improved access to capital. The hospitality industry suffered unprecedented pressure during the pandemic, but those ranked as Companies That Care still found ways to give back. Hotelier Hilton (No. 4) offered one million free rooms for first responders and helped furloughed employees find alternate work with other companies. The Cheesecake Factory (No. 85), the only restaurant to make the list, lowered the hourly requirement for working staff to receive health benefits so that furloughed employees wouldn’t have to worry about losing them. “These companies show up for humanity in a variety of ways — from showing compassion for their employees to giving back to their communities to putting diversity, equity, and inclusion in the forefront,” says Michael C. Bush, CEO of Great Place to Work. “Congratulations to the winners of PEOPLE’s Companies That Care list!” To identify the 100 Companies That Care, PEOPLE teamed up with Great Place to Work to produce the ranking using the firm’s extensive database and inside knowledge of outstanding workplaces around the globe. Read the full methodology here. Employers that would like to be considered for next year’s list may apply at greatplacetowork.com/companies-that-care. ### About PEOPLE Meredith Corporation’s PEOPLE revolutionized personality journalism when it launched as a weekly in 1974 with a mission to celebrate extraordinary people doing ordinary things and ordinary people doing extraordinary things. Ubiquitous and still at the center of pop culture more than 47 years later, the PEOPLE brand is accessible across all media and platforms (print, digital, video, OTT, mobile, social) bringing more than 100 million consumers a unique mix of breaking entertainment news, exclusive photos, video, unparalleled access to the red carpet, celebrities, and in-depth reporting on the most compelling newsmakers of our time. An essential component of PEOPLE’s editorial vision remains human interest stories, which touch and often mirror the lives of our passionate audience. ComScore ranks the PEOPLE/Entertainment Weekly Digital Network No. 1 in the entertainment news category. PeopleTV, the advertiser-supported OTT streaming service from PEOPLE and Entertainment Weekly that launched in 2016, features original series and specials focusing on celebrity, red carpet, pop culture, lifestyle, and human-interest stories. PEOPLE (the TV Show!), a daily syndicated entertainment program, launched in Sept. 2020, PEOPLE Every Day, a daily podcast produced in associated with iHeartMedia, launched in Feb. 2021, and PEOPLE in the ‘90s, a weekly podcast about the golden era of pop culture, launched in June 2021. PEOPLE is an award-winning 24/7 news organization headquartered in NYC with reporters worldwide. For more information visit www. PEOPLE.com and follow @people on Twitter, Instagram, and TikTok, @peoplemag on Facebook, and the PEOPLE channel on YouTube and on Snapchat’s Discover. About GREAT PLACE TO WORK ® Great Place to Work is the global authority on company culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform, Emprising™ empowers leaders with real-time reporting and insights they need to make strategic people decisions. Their global benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best Workplaces™ lists published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™. Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram. Contact Details Kim Peters +1 415-844-2574 kpeters@greatplacetowork.com Marnie Perez +1 212-522-6300 PEOPLEPR@peoplemag.com Company Website https://www.greatplacetowork.com

September 01, 2021 08:00 AM Eastern Daylight Time

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Revolve Law Group Announces Expansion Plans

Revolve Law Group

In Law360’s Glass Ceiling Report released less than a year ago, it was reported that female partners make up merely 25% of law firms across the country, while women make up 40% of all lawyers in the USA. These statistics illustrate a small picture of the imbalance in gender equality in the traditionally male-dominated industry, which is currently on track to achieve gender parity in equity partnerships in 160 years ( according to a 2015 analysis by The American Lawyer in its Special Report: Big Law Is Failing Women). In a time of global social and economic disruption, Revolve Law Group has embarked on a quest to elevate female equity in the law profession while setting new standards for respect, responsibility, and results. In a relative press release, Guy Kulandski, CEO and Co-Founder of Premonition, which is regarded as the world’s largest litigation database, stated that, “If female attorneys were compensated according to how often they actually win cases, they'd be paid more than men.” Driven by their core principles, Revolve Law Group’s partners design their interactions with clients and opposing counsel to listen more than most, consider what the optimal outcome actually means for all involved – including their opponents, create strategies that are tailor-made versus textbook, which puts the client on the team, and stresses transparent communication and compassion throughout the litigation process. This mosaic of distinct choices has proved to be a formulation for developing exceptionally satisfied clients while delivering superior results. Revolve’s collective team of partners is inspired to cultivate and expand their team of like-minded female professionals who are passionate about spearheading the next wave of change in the legal profession with unparalleled resolve to do so. “We’ve all heard and even used the words “The Future is Female” but the future is here, now. At Revolve Law Group, we are making daily choices that will drive change for female leadership in the legal profession, today, tomorrow and beyond.”–Kimberly Wright, Esq, Founder and Managing Partner About Revolve Law Group: Founded by Kimberly Wright, Esq and Jessica Monroe, Esq and CPA, Revolve Law Group was designed to position the client at the center of every collaboration. Dedicated to their core principles which guide their every move, the firm leads with determination, civility, curiosity, integrity, compassion and a dose of humor. The practice of law is a serious business, but it doesn’t have to be without laughter. Laughter improves health, overall quality of life, and leads to greater productivity. The Irvine based law firm focuses on areas of practice such as taxation, civil litigation, appeals and writs, asset protection, business law, and real estate law. However, the firm and its partners specialize in building relationships through concierge support. Revolve Law Group is home to trusted counsel who focus on the solutions of tomorrow, with unparalleled commitment, for clientele valuing convergence of ingenuity and foresight. Contact Details Paula Steurer, Sterling Public Relations +1 949-200-6566 concierge@sterlingpublicrelations.com Company Website https://revolvelawgroup.com/

August 31, 2021 03:10 PM Pacific Daylight Time

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Self-Made Multimillionaire Shares Essential Lessons for Entrepreneurial Greatness

Greenleaf Book Group

Being a successful entrepreneur is exhilarating, but it’s not for the faint of heart. In business today, being good is merely an entry fee. In order to thrive, you must be exceptional. Nobody knows this better than Leslie McIntyre-Tavella, author of the Amazon Bestseller Framing Success: 20 Essential Lessons for Achieving Entrepreneurial Greatness from a Self-Made Multimillionaire (An Inc. Original, Aug 24, 2021). At 22-years-old, with an eleventh-grade education and the odds stacked against her, McIntyre-Tavella put a troubled past behind her and started her first business, which she bootstrapped into a $20 million award-winning staffing firm. Now, she’s created a new firm, Culpeo HR, to help business leaders build best-in-class organizations by improving customer engagement, optimizing HR services, creating culture and team alignment, and establishing leadership development. In launching Culpeo, McIntyre-Tavella applies the actionable advice offered in Framing Success, demonstrating how to overcome the odds, choose a better life, and build a successful organization from the ground up. “This book is broken into seven parts, with twenty key lessons that I learned by working in the trenches of a small business. As a successful entrepreneur, you must remain committed and focused to your vision, adopt an unwavering commitment to your company values, and be unrelenting in your mission to success. To maintain the highest level of customer retention and satisfaction, you must remain laser focused on recruiting and retaining best-in-class talent,” McIntyre-Tavella says. “I promise you, if you consistently focus on the small details, never lower your standards, and exhaustively remain committed to these efforts, you will build a strong, sustainable business.” Framing Success, which achieved Amazon Bestseller status in several categories, including Strategic Planning, Entrepreneurship & Small Business, and Women & Business, highlights Leslie McIntyre-Tavella’s keys to entrepreneurial success, including how to build a strong foundation to construct a solid business, find and secure a rock-star crew through strategic and unconventional talent optimization practices, cut through the distractions and noise of a business and quickly get to the root issues, provide outstanding engagement for your customers, and articulate, share, and grow your vision. Now you can use the hard-earned, practical, and invaluable insights Leslie McIntyre-Tavella did to scale her business to create your own rewarding blueprint for entrepreneurial triumph and success. Pick up your copy of Framing Success wherever great books are sold and stay updated on Leslie McIntyre-Tavella and Culpeo HR by visiting Culpeohr.com. About the Author: Leslie McIntyre-Tavella has devoted her entire career to people: counseling them, placing them in life-changing opportunities, and providing best-in-class talent to customers who pride themselves on “people first.” Leslie developed these skills by cultivating a culture that fostered teamwork and comradery, and she retained her employees twice as long as the industry standard. Finding, hiring, and retaining the right people is the secret sauce to building a solid foundation and the winning ingredient needed to succeed wildly! Leslie launched her first start-up organization thirty years ago to bring a different service paradigm to the recruiting and staffing industry. Her prior company became a $20 million company and won numerous awards, including first place in “Best Places to Work” and eleventh place for the Top Women-Owned Businesses in Connecticut.” Leslie is a progressive leader and entrepreneur who’s comfortable collaborating and engaging with C-suite executives in a wide range of industries. She has held leadership and membership roles in various industry groups, including a board position at Dress for Success and chairman for the Connecticut chapter of the American Staffing Association. Leslie has also written for several periodicals and magazines. After three years away from the staffing industry, Leslie had gained new insights on where there are gaps today in HR and optimization, customer engagement, culture and team alignment, and talent acquisition. Leslie’s new start-up focuses on managed services for human resources, customer engagement, and teaching firms how to optimize their talent pipeline. Culpeo HR, where culture meets people, partners with small businesses to enhance people, production, performance, and profitability. When Leslie is not spending time innovating and addressing customers’ needs, she is busy renovating homes, condos, and office buildings. She loves taking something that is shabby and rundown and giving it a new life. Leslie just finished her thirteenth renovation—a farmhouse and barn in Fairfield, Connecticut, where she currently resides with her husband. # # # More about Greenleaf Book Group Greenleaf Book Group is an independent publisher and distributor located in Austin, Texas, dedicated to empowering authors. Greenleaf’s hybrid publishing model is uniquely positioned to offer the benefits of both traditional publishing and self-publishing. To learn more about Greenleaf, visit www.greenleafbookgroup.com. Contact Details Greenleaf Book Group Sam Ofman, Greenleaf Book Group +1 512-891-6100 media@greenleafbookgroup.com

August 30, 2021 11:15 AM Central Daylight Time

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BEE Elevates Its Freemium with the Addition of Landing Page Design Capabilities

BEE

BEE, a business unit of Growens and leading digital content design platform, announced today that users will now have access to designing landing pages with its freemium product BEE Free. Since its inception in 2014, people have been able to click on ‘Start Designing’ in beefree.io to immediately start creating emails from scratch or select ready-to-use professional templates. With over 30,000 unique users per month for BEE’s freemium design tool, it’s clear BEE is making progress to achieve its vision of democratizing content design for everyone. BEE”s free editor for email was intended to be easy-to-use as it does not require any HTML coding skills. Now, this same frictionless, no-code experience will be replicated for people that need to create landing pages. The move to unlock landing page design capabilities for BEE Free includes over 100 ready-to-use landing page templates as well as a start from scratch option. The use of these tools on beefree.io is completely free. Users who want to experience more advanced design features can sign up for a 15-day trial of BEE Pro, the company's full feature, no-code design suite for email and landing pages. This comes as another meaningful achievement for the team at BEE as they recently announced 10K paid subscribers for its BEE Pro design suite. The addition of landing page design on beefree.io means that now everyone can produce mobile-ready, high-converting, end-to-end campaigns — a sweet move to further support the company's vision to democratize content design. “Introducing landing pages to BEE Free changes the way users create their multi-content campaigns. Having combined communications composed of related emails and landing pages can be extremely effective and powerful for our customers’ strategy,” said Elena Loatelli, Product Marketing Specialist at BEE. “We are especially proud of this release because it aligns with our goal to democratize content design, and now all users can rely on the solid, fast and easy design tools with this new content in BEE Free.” About BEE BEE provides no-code design tools that empower everyone to quickly create content that resonates. BEE’s visual builders are used to design emails, landing pages, one-page sites, and more. They deliver fantastic design flexibility and a great user experience, combining granular control on design elements with handy features like editing content directly in mobile view. BEE is building on its vision to help democratize content design, with millions of monthly users in over 20 languages and from over 150 countries. BEE’s design tools are available online at beefree.io and embedded in 600+ SaaS applications. Contact Details Jules Costa communications@beefree.io Company Website https://beefree.io/

August 30, 2021 09:00 AM Eastern Daylight Time

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BEE adds a new visual builder to its Plugin product line

BEE

BEE, a business unit of Growens, releases a new visual builder to its Plugin product line. The embeddable popup builder offers no-code, drag & drop design capabilities for marketers to easily create popups for their digital campaigns. Popup Builder is the third digital content type that BEE has introduced. The over 600 SaaS applications that have adopted BEE Plugin can now provide their users with a single design interface for emails, landing pages and popups. Popups are becoming increasingly necessary for businesses to compete and drive customer acquisition, retention and conversion rates. Businesses that implement popups as part of their digital marketing strategy benefit from growing email lists, staying in touch with customers, increasing social media following, and driving online sales. BEE Plugin’s new popup builder can be fully embedded into any SaaS application in under 30 days. The result is a new product offer or feature that users immediately adopt due to an intuitive interface. “We are very excited about the launch of this new builder because we now provide, with a single subscription, the tools that cover the main design needs for creating online campaigns. Our clients can now provide an excellent and consistent content design experience for creating emails, landing pages, and popups. Their users no longer have to learn 3 different tools and can reuse their content across the 3 builders. It also makes life easier for our customers who don’t need to worry about maintaining multiple tools and the associated costs.” Guillermo Padilla, Head of Product “More and more SaaS applications embed BEE Plugin because it helps them deliver a fantastic user experience to their customers, while going to market much faster than if they developed their own content design tools. We are really thrilled to see adoption across many industries, including 40% of the companies in Gartner’s 2021 Quadrant for Multichannel Marketing Platforms.” said Massimo Arrigoni, CEO at BEE. About BEE: BEE provides no-code design tools that empower everyone to quickly create content that resonates. BEE’s visual builders are used to design emails, landing pages, one-page sites, and more. They deliver fantastic design flexibility and a great user experience, combining granular control on design elements with handy features like editing content directly in mobile view. BEE is building on its vision to help democratize content design, with over 4.5 million monthly sessions of its tools in over 150 countries, across 600+ applications. Contact Details Angelina Kaliszak angelina@kitehillpr.com Company Website https://beefree.io/

August 25, 2021 09:00 AM Eastern Daylight Time

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SullivanCotter Announces the Release of 2021 Physician and Advanced Practice Provider Compensation and Productivity Benchmarks

SullivanCotter

SullivanCotter, the nation’s leading independent consulting firm in the assessment and development of total rewards programs, workforce solutions, and technology and data products for the health care industry and not-for-profit sector, is excited to announce the release of its 2021 compensation and productivity benchmarks for nearly 260,000 physicians, physician leaders and advanced practice providers nationwide. Organizations are currently struggling to understand how to utilize the new survey benchmarks and effectively adjust for a number of unprecedented changes from last year and, as a result, are looking for more reliable and stable datasets moving forward. “This year more than ever, hospitals and health systems require critical data-driven insights as they look to normalize the impact of COVID-19 on clinical workforce compensation and productivity and address substantial modifications to the 2021 Physician Fee Schedule. To help clients plan for 2021 and beyond, SullivanCotter will be offering enhanced analyses and reporting as well as guidance on best practices for evaluating the newly released survey data,” said Chris Brandt, Senior Director, Data Analytics and Reporting, SullivanCotter. In addition to standard, non-adjusted benchmarks as historically reported, organizations who purchase an eligible survey report will receive complimentary COVID-19-adjusted work RVU and TCC per work RVU data – providing greater insight into the effect of the pandemic and enabling hospitals, health systems and medical groups to quickly measure the impact on compensation and productivity within their organizations. Newly available for purchase this year are three tiers of detailed productivity reporting – including monthly work RVU volumes by specialty in addition to individual CPT code level details. When combined with SullivanCotter’s innovative Benchmarks360™ platform, organizations can more effectively analyze and visualize this data with access to dynamic filters, multi-year coding profiles, and annual updates to CPT codes. SullivanCotter will also be offering adjusted benchmarks for total cash compensation, work RVUs, collections and other related ratios for use in conjunction with the 2021 Physician Fee Schedule. This includes proprietary data from SullivanCotter's 2021 surveys as well as other third-party market datasets (with appropriate licensing and non-disclosure agreements in place). The 2021 surveys are now available for purchase at SullivanCotter.com. To learn more about this year’s enhanced reporting and analyses, please contact surveys@sullivancotter.com or dial 888.739.7039. About SullivanCotter SullivanCotter partners with health care and other not-for-profit organizations to understand what drives performance and improve outcomes through the development and implementation of integrated workforce strategies. Using our time-tested methodologies and industry-leading research and information, we provide data-driven insights, expertise, data and technology products to help organizations align business strategy and performance objectives – enabling our clients to deliver on their mission, vision and values. Contact Details Becky Lorentz +1 314-414-3719 beckylorentz@sullivancotter.com Company Website https://sullivancotter.com

August 24, 2021 02:42 PM Central Daylight Time

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Tech cross-border M&A on record pace in First Half of 2021 according to data from Velocity Global and PitchBook

Velocity Global

Deal multiples return to 2019 levels Cross-border software deals skyrocket Cross-Border M&A Monitor: Tech Sector released today Cross-border tech merger and acquisition deals accelerated in the first half of 2021, on a record pace in transactional volume. That data from PitchBook was released today in the Cross-Border M&A Monitor: Tech Sector published by Velocity Global, the leading provider of global employment solutions. The late surge of activity in 2020 continued through the first half of this year with approximately 1,000 cross-border tech deals closed, for an aggregate of $139.9 billion. “The deal multiple increased in the first half of this year and returned to 2019 levels, which indicates investor confidence in global economic recovery,” said Rob Wellner, Velocity Global chief revenue officer. “Increased multiples drive an even greater need for pre-deal preparation and successful integration after close.” Software value already tops 2020 The value of cross-border M&A deals for Software companies in the first six months of 2021 already topped full-year values for 2020 at over $100 billion. “The pandemic accelerated digital transformations, funneling budgets to build or buy the necessary tools,” added Wellner. “The acquirers are tech and non-tech alike, with tech adding to their stack, and non-tech adding to their in-house capabilities.” Pandemic Operations Drive Cross-Border M&A Interest As evidenced by the increase in median deal size in cross-border tech M&A, dealmakers paid up with confidence. Cross-border acquisitions require businesses to navigate a distributed workforce, and the global pandemic prompted companies of all sizes to invest in the proper resources. “Integration will always have complexities like country-specific labor laws and regulations, but companies are more willing than ever to invest in cross-border diversification and leverage tools to manage a distributed workforce,” said Wellner. “Work from home is really no different than work from another country as it relates to workflow and employee engagement.” Download the Cross-Border M&A Monitor: Tech Sector here. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched 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 John Hall +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 24, 2021 07:02 AM Mountain Daylight Time

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Cloud Conventions Introduces SafetyNet to Create a Virtual Backup Plan for Live Events

Convey Services

Cloud Conventions today introduced SafetyNet ™, a new program to provide a virtual event backup options for associations, tradeshows, event managers or trade groups that have a live event scheduled now or in the near future. SafetyNet provides a standby virtual event platform that can be activated if needed when attendance for a live event declines or if there is a requirement to pivot to an all-virtual program. A SafetyNet platform can be brought online in a matter of days without technical support or programming. Cloud Conventions is a sophisticated event management platform that redefines the attendee and exhibitor experience with a strong focus on delivering virtual and hybrid events, regardless of size or budget. “It seems like a repeat of 2020 as event managers, associations and other trade groups are struggling to decide if they should cancel their live event, shift to virtual or hybrid, or take other precautions to make attendees and exhibitors feel safe,” said Carolyn Bradfield, CEO of Cloud Conventions. “Any group hosting live events today needs a virtual backup plan that can be activated to ensure attendees and sponsors can participate in industry sessions, continuing education and still make connections that they would miss when they can’t attend in person.” SafetyNet maintains a low-cost Cloud Conventions virtual platform on standby behind a private login until required. It is hosted on a custom URL, is fully branded, customized and organized to host live or on-demand sessions, exhibitor and sponsor booths or provide a resource center for all event-related content. Attendees can be imported from a live event registration system and have their record transferred to SafetyNet including demographics and event access permissions. Sponsors are assigned a virtual booth template and configured to go live without technical assistance, in a matter of hours. “Now that live events have partially returned, many groups ask themselves if virtual events are worth it, so they only focus on their in-person event, often to their detriment,” added Bradfield. “A 2020 study of 1,000 respondents, ‘ Association Trends: From Disruption to Opportunity’ produced by Community Brands, details that having a virtual option for membership participation has changed from a nice-to-have to a must have. Some live events scheduled for the fall of 2021 are being abruptly cancelled due to on-going COVID risks. This is clearly an indicator that the pandemic is far from over. A SafetyNet option is the best insurance that the show will go on, no matter what.” SafetyNet is offered for a low, setup fee to create a fully branded and configured virtual environment. If the organizer chooses to go live with a hybrid or all-virtual event, the setup fee applies to the event package. Show managers can choose as much or as little assistance from Cloud Conventions to bring their event online quickly with all the features needed to educate and engage attendees. Having a virtual option guarantees a rewarding experience for attendees, better ROI for sponsors and ensures smoother event operation for organizers. Explore SafetyNet at: https://cloudconventions.com/page/139455/safetynet. About Cloud Conventions Cloud Conventions from Convey Services is Cloud Conventions is an enterprise virtual/hybrid event management platform that redefines the exhibitor and attendee experience to allow companies to provide easy access to in-depth product information, showcase their brands with graphics and videos, create calls to action and generate immediate sales leads. Used around the world for large managed events and smaller self-directed meetings, conferences and corporate kickoffs, Cloud Conventions automates exhibitors and virtual booths, continuing education, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Cloud Conventions supports multiple languages and currencies, internal, external and single-sign on registration, and supports all conferencing carriers and platforms. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Community™, SafetyNet™, Cloud Kickoffs™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

August 19, 2021 10:29 AM Eastern Daylight Time

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