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Groundbreaking DEI People Experience platform, Included, Raises $3.5 Million to Modernize HR and Recruitment Strategies with AI-powered, End-to-End Solution

Included

Today, groundbreaking DEI people experience platform, Included, announced it has raised a seed round of $3.5M and has achieved +400 percent growth in annual recurring revenue YTD. The people experience platform leverages artificial intelligence for sophisticated and modern insights to help companies make strategic hiring decisions. The seed round was led by Trilogy Equity Partners with participation from Flying Fish Partners, SignalFire and Alumni Ventures. Included will use the funding to scale its engineering team and support Engineering, Product, Marketing and Sales to achieve its mission to become the end-to-end solution organizations use to effectively manage their DEI performance and strategy. The platform unlocks real-time, data-powered insights for companies looking to diversify talent pools and retain top talent through actionable insights. Included AI-powered recommendations help recruiters with diversity sourcing, diverse interview slates, and hiring panels while helping TA executives with workforce planning. Included seamlessly integrates with all applicant tracking software and HRIS systems. “Traditional HR software was not designed with DEI in mind, making it difficult for companies to spot and support employees who statistically tend to slip through the cracks,” said Raghu Gollamudi, co-founder and CEO of Included. “Rapid technology advancements have allowed us to course correct and provide companies with modern tools for today’s workforce. Our customers understand that DEI opportunities are essential to delight and retain diverse talent and we’ve made it easy to get it done.” Building on its success, Included looks forward to working with Trilogy Equity Partners to scale the company and leveraging Alumni Network’s expansive network to assist with customer acquisition. The company previously raised $1.9 million in a pre-seed funding round led by Flying Fish Partners, SignalFire and Ascend. “Today’s employees demand a people-first work culture and if companies want to attract and retain top talent they need innovative solutions to uncover and unlock the true potential of their workforce,” said Chuck Stonecipher, managing director at Trilogy Equity Partners. “We believe in Included’s vision for the future of work and are eager to work with the team to ensure HR leaders and executive teams have the data to make the best decisions when it comes to DEI." About Included Included gives companies the information they need to create data-driven hiring, promotion and retention strategies that drive progress on diversity, equity and inclusion. Founded by data privacy and DEI experts and using the latest AI technology, Included is able to identify specific areas where businesses can take further action to remove any potential roadblock from accomplishing their strategic goals. This is the first technology of its kind to analyze millions of scenarios across intersectional people demographics, per stage of the employee lifecycle, by department, professional level, geographic location, against DEI operational policies, equity in longevity, pay, promotion and much more within each company’s own people data set and instantly deliver clear reporting and steps for action. About Trilogy Equity Partners Formed in 2006, Trilogy Equity Partners ( http://www.trilogyequity.com ) is an early stage venture firm based in Bellevue, Washington and led by former entrepreneurs and operators. Trilogy takes a hands-on, partnership approach to investing, with several closely held funds that seek to align investment opportunities with entrepreneurs who have a desire to build great companies over time. PR Contact Ernestine Belgrave ernestine@kitehillpr.com Contact Details Included Madeline Enos madeline@included.ai

May 19, 2022 09:00 AM Eastern Daylight Time

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Retention Cloud Leader CleverTap Acquires Leanplum

CleverTap

CleverTap, the world’s No.1 retention cloud, today announced it has signed definitive agreements to fully acquire San Francisco based Leanplum, a leading multi-channel customer engagement platform, for an undisclosed amount. This acquisition will make CleverTap a truly global company with development centers and customer-facing and success teams across North America, Europe, Latin America, India, South East Asia and the Middle East. Combining the product stack of the two organizations, this acquisition will enhance CleverTap’s capabilities and take its total customer base to over 1200 customers in more than 100 countries around the world. The deal is expected to close in Q2 of 2022. Together CleverTap and Leanplum will work with digital brands to help increase their users’ engagement, retention and lifetime value by making every user experience hyper-personalized, relevant and contextual at scale in real time. As more businesses become digital-first, brands need to serve their users with delightful moments where they are, when they want and on their preferred channel. CleverTap and Leanplum will now bring real-time hyper-personalization, A/B testing and increased scalability to its omnichannel engagement, analytics and segmentation product lines. As a result, growth and marketing teams globally will now be able to utilize the only end-to-end user engagement and retention cloud platform, enabling them to break down user communication silos and increase the overall lifetime value of each user. “We are seeing a seismic shift in the marketing technology landscape,” says Sunil Thomas, CleverTap Co-founder and Executive Chairman. “Users today demand to be treated as individuals, and this has forced brands to change how they engage with them. CleverTap and Leanplum have both purposely built for a mobile-centric omnichannel world.” The acquisition, he says, combines platforms and teams to deliver the best behavior analytics, segmentation, and engagement tools that will enable digital brands to build valuable, long-term relationships with their users. “Our combined strength will be a game-changing force for user engagement, retention and monetization, creating tremendous value for our customers. I am very excited to welcome Leanplum to the CleverTap family.” “When we started Leanplum, our vision was to meet customers' real-time needs at the cutting edge of technology,” says Momchil Kyurkchiev, Co-founder and Chief Product Officer, Leanplum. “We have succeeded in that, but as the market has matured, to fully meet the increasing demands put on brands today, we needed to bring in the best analytics, segmentation, and engagement tools, to help our customers build valuable, long-term relationships with their customers. This is why joining forces with CleverTap makes the most sense, and I am excited about the combined capabilities we will now bring to Leanplum customers worldwide.” “I am looking forward to the journey with Leanplum. This coming together with Leanplum marks a monumental moment across the marketing technology landscape,” says Sidharth Malik, CleverTap Chief Executive Officer. “This bridges the gap created by multiple martech tools and customer data platforms and will meet the growing needs of user-obsessed digital brands in a much more efficient way. Our ‘better together’ vision is about integrating our cumulative strengths around people, process and technology to cement our position as the global leader in the user engagement and retention space. Joining forces allows us to bring advanced product and technology capabilities as brands strive to do live segmentation, anticipate user intentions and actions, automate and deploy real-time campaigns for the highest possible conversions, all from one single dashboard.” About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow on LinkedIn, Twitter, Facebook and YouTube. Forward-Looking Statements Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

May 19, 2022 08:17 AM Eastern Daylight Time

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Israel’s first crypto-cashback credit card: Max and Bits of Gold launches MaxBack Crypto- Get Bitcoin cashback on credit card purchases

Bits Of Gold

Israel’s first crypto-cashback credit card: Max and Bits of Gold launches MaxBack Crypto Get Bitcoin cashback on credit card purchases Max, the Israeli super-brand credit card and payment group has signed a strategic cooperation agreement with Bits of Gold to launch the MaxBack Crypto VISA card that will offer Bitcoin cashback on purchases The cooperation will unlock a mainstream market of more than 3 million credit cards, a large number in a market with 8 million people, like Israel * Early registration opens * Max Credit Cards, the Israeli payment and credit card super-brand holding more than 3 million credit cards announced that it had signed a strategic cooperation agreement with Bits of Gold towards launching a new and unique VISA credit card, MaxBack Crypto, with which will allow users to accumulate eligibility for cashback in Bitcoin depending on their spending with the card. Upon ordering the card, a dedicated account will be opened for the customer by Bits of Gold. The cashback amount accumulated in NIS will be transferred, and Bits of Gold will automatically convert it to Bitcoin. The MaxBack Crypto will be launched in the coming weeks, subject to the completion of regulatory requirements. Meanwhile, a preliminary registration for updates was launched. Also, Bits of Gold, regulated under the Israeli Capital Market Authority, has reached agreements with the Tax Authority to significantly ease some of the bureaucratic burdens on Israelis interested in buying and selling digital currencies. The deal focuses on tax deduction from sellers of digital currencies in a "closed circuit" (directly to Bits of Gold, without accepting or passing on to others). It stipulates that the company itself will deduct the tax. This means that customers will be able to trade digital currencies without the need for independent reporting to the tax authority. At the same time, taxation will work smoothly and without any action required from the customer. Ron Fainaro, CEO of Max, said: “We are proud to be the first financial entity in Israel to launch a credit card with a crypto cashback program. The momentum and great public interest in digital currencies developing worldwide cannot be ignored, and therefore, I believe in the importance of us being there for our customers. We are happy to be leaders in financial innovation in the cryptocurrency ecosystem in collaboration with Bits of Gold, the oldest Israeli company in this field. Together, we will provide the Israeli public, willing to enter this innovative field cautiously, with a connection to the world of digital currencies. With Max, anyone can own Bitcoin and take the first steps in this new domain." Youval Rouach, CEO of Bits of Gold, said: “I am excited with the launch. Bitcoin and digital currencies are the new financial reality. The MaxBack Crypto credit card is an opportunity for many Israelis to comfortably take the first steps in this new reality, opening the door to enjoy the possibilities that the world of digital currencies offers. Our cooperation will allow Israelis to securely connect to this ecosystem and hold Bitcoin with unprecedented ease. Bits of Gold is in its tenth year of pioneering the field of digital currencies, and we are happy to work with a large-scale financial entity like Max, which welcomes innovation and strives towards it for its clients." How will it work? Bits of Gold will automatically open a dedicated account for every customer issuing the new credit card. Max will transfer ILS 1 to this account for every ILS 160 spent with the card (subject to terms of use), and these funds will be converted to Bitcoin. Holding the Bitcoin account will not incur additional costs to the credit card user. The market value of Bitcoin tends to fluctuate, and currently, one Israeli shekel is worth about ten micro-bitcoins, commonly known as bits. E.g., for monthly spending for ILS 5,000 with the MaxBack Crypto card, they will receive about 310 bits, based on the Bitcoin exchange rate on the day of its purchase, and these will be kept for them in a personal wallet. In this manner, customers will be able to accumulate Bitcoin over time, hold them safely and convert them back into ILS and to their Israeli bank account. Max customers will be able to track their Bitcoin balance in the Max app and log in from there with a single click to their dedicated Bits of Gold account. There, MaxBack Crypto cardholders will be able to use their card to buy Bitcoin and Etherium, followed by other currencies, at a 6% discount off the purchase fees while accruing eligibility for additional Bitcoin cashback for these purchases. In addition, cardholders will enjoy all the benefits Max offers its members. About Max MAX is a leading and innovative credit & payments company in Israel. The company provides a wide range of financial solutions such as credit, loans, advanced payments, acquiring, issuing, factoring, insurance and more to financial institutions, merchants and consumers. MAX has issued more than 3M cards - Visa and MasterCard brands and it provides acquiring services for more than 40,000 merchants in Israel. Today, MAX holds the fastest growing lending portfolio among the Israeli credit card companies. About Bits of Gold Bits of Gold, the largest cryptocurrency financial service provider in Israel since 2013. BOG believes in technology & innovation and works every day to make the crypto world accessible to everyone by making its platform simple and secure. BOG provides easy and regulation-compliant commercial and private services using several payment methods suitable for everyone. Buying digital currency will be more affordable with a credit card. Additional great news for all credit card holders interested in buying digital currency arises from the cooperation between Max and Bits of Gold - from now on, buying digital currency at Bits of Gold will be more cost-effective for Israelis, as they would be able to pay in ILS and alleviate the conversion costs from Israeli shekels to foreign currencies. Additionally, purchasing digital currency with a credit card allows the currency exchange rate to be received faster than with a wire transfer. Digital currency trading has become a significant part of the global economy. The global digital currency market is worth about $1.2 trillion, while all public companies in the US are currently worth about $40 trillion. One Bitcoin is now traded at a price of about $30,000. Crypto and blockchain start-ups are also growing significantly as, according to a KPMG report, they raised more than $ 30.2 billion in 2021, a 450% increase over 2020. In addition, according to several sources, the amount of individual digital currency holders continues to rise consistently, with the US leading, with about 15% of Americans holding digital currency. For more details: Ilona Krashanny (MAX) +972-526290929 Nir Hirshman (Bits of Gold) +972-506205384 Contact Details Hirshman PR Nir Hirshman nir@nirshman.com

May 19, 2022 07:33 AM Eastern Daylight Time

Report Identifies Key Opportunities to Improve Current Carbon Efficiency Measures

BSMC

The Blue Sky Maritime Coalition (BSMC) has released a new report today titled “A Perspective on IMO Efficiency Measures: Opportunities for Improvement" which highlights key opportunities to improve current international efficiency measures. “This report is a great example of industry collaborating to find opportunities for improvement and spurring further discussion among key stakeholders. As a member-led organization focused on decarbonizing the maritime industry, BSMC brings together diverse perspectives with the goal of getting to net-zero emissions by 2050, and this report offers another step in that direction,” said David Cummins, BSMC President and CEO. Developed by the Finance, Commercial and Chartering Workstream, the report offers insights on how decisions made by charterers can affect vessel operations, ultimately impacting the efficiency rating of ship owners. The report concludes that more work will be needed to fine tune the existing calculation method and benchmarking. Maritime stakeholders welcome the opportunity to improve vessel operational performance through robust reporting regimes, necessary to consistently measure emissions. To address the issues raised, the report recommends mutual responsibility and obligation by both the charterer and ship owner to reduce emissions. To accomplish this, both parties must have transparent negotiations and data sharing under a new era of chartering contracts where environmental key performance indicators (KPIs) become instrumental to vessel selection criteria and commercial utilization. To read more, download a copy of the report by clicking here. F or more information contact communications@bluesky-maritime.org. Blue Sky Maritime Coalition (the Coalition) a non-profit corporation, is a strategic alliance formed to accelerate the transition of waterborne transportation in Canada and the United States toward net-zero greenhouse gas (GHG) emissions. The Coalition brings together industry, community, government, academic leadership and other stakeholders across the waterborne transportation value chain to action projects that remove barriers to accelerating development, encourage innovation, and promote policies in support of zero emissions. Learn more at www.bluesky-maritime.org. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com

May 18, 2022 08:58 PM Eastern Daylight Time

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Plus One Robotics to Present Parcel Sortation Robot Workflow at Automate Conference 2022

Plus One Robotics

Plus One Robotics, the leading 3D and AI-powered software maker for logistics robotics, will showcase live demonstrations of their revolutionary PickOne technology, which features Yonder, the company’s award-winning remote supervision product, at the Automate Show June 6 – June 9, 2022. Plus One Robotics CEO and founder Erik Nieves will also host a session in the “How to Automate” track on Wednesday, June 8 titled Workforce Development in the Face of Accelerated Automation. Visitors to the Plus One Robotics booth will be able to see a full-scale, in-booth demonstration of warehouse automation with robot-to-AMR picking using the company’s PickOne software alongside Tompkins’ tSort technology. In addition, attendees will also be provided an opportunity to act as a ‘Crew Chief’ and remotely control and command a robot in San Antonio to pick and place using their depalletizing system for random mixed pallets. “Robotics is an ever-changing industry. That’s why I'm excited to bring this powerful combination of vision-equipped robot arms together with AMRs from Tompkins. Our solutions are designed for businesses that need to increase their overall picks per day, thereby achieving higher fulfilment volumes and lower operations costs,” commented Erik Nieves, Plus One Robotics’ CEO and founder. In addition to the live in-booth demonstrations, Nieves will be leading his session on Workforce Development in the Face of Accelerated Automation on Wednesday, June 8 from 11:00 a.m. – 11:45 a.m. as part of the Automate track. Visit Plus One Robotics at booth #4745 from June 6 – June 9, 2022 to learn more about the company’s robot technology that is scaling automation in warehouses. For more information on Plus One’s vision software and robotic automation solutions, please visit www.plusonerobotics.com. About Plus One Robotics, Inc. Plus One Robotics was founded in 2016, with a mission to bring leading-edge 3D and AI vision to industrial robots, enabling hand-eye coordination for material handling in the warehouse. Founded by computer vision and robotics industry veterans, Plus One's novel approach to human/robot collaboration and supervised autonomy ensures fast, accurate, and scalable solutions, with one person able to manage many robots simultaneously. Plus One's customers include logistics and ecommerce leaders in the Fortune 100; the company is headquartered in San Antonio with offices in Boulder and The Netherlands. Visit www.plusonerobotics.com for more information, and follow us on Linkedin, Twitter, YouTube, Facebook and Instagram. Contact Details Jennifer Podkasik +1 630-347-9338 jen@arrowheadcommunications.com Company Website https://plusonerobotics.com/

May 18, 2022 06:31 PM Central Daylight Time

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G Medical Innovations (NASDAQ: GMVD) Provides Update Regarding its Forecast for Q1 2022 Revenues

G Medical Innovations Holdings

Irvine, CA – May 18, 2022 – G Medical Innovations Holdings Ltd. (NASDAQ: GMVD) (the “Company”), today announced that it will not meet its forecast of $30 million in revenues for the first quarter of 2022. While the Company is still working on finalizing most of the revenue figures for the first quarter, the previously reported purchase orders received by the Company from McDade Products, LLC for 6 million co-branded LiveNow COVID-19 PCR Test Collection Kits (approximately $20 million in orders) have not materialized into revenues due to a slowdown of the pandemic in the US during the first quarter. Approximately $6 million of invoices have been submitted for payment, out of which $0.7 million has been received and another batch of claims of approximately $1 million is to be filed for payment. Further, the proposed budget for COVID-19 tests which has not yet been approved by the U.S. Congress creates further uncertainty as to revenue the Company expected to receive and recognize from sales of such tests in its testing centers. The Company plans to announce the final revenues numbers for the first quarter of 2022 as part of its financial results release for the first six months of 2022. The Biden administration has announced that it expects another outbreak of the pandemic as early as this fall with new variants and expects about 100 million patients, which we believe will increase the need for tests. About G Medical Innovations G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease (or CVD), pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device (or Prizma), a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography (or ECG) data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch. In addition, the Company is developing its Wireless Vital Signs Monitoring System (or VSMS), which is expected to provide full, continuous, and real time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility (or IDTF) monitoring services and private monitoring services. Visit https://gmedinnovations.com/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward looking statement in this press release when it is providing an update regarding its forecast for first quarter 2022 revenue in connection with the previously reported purchase orders, uncertainty of additional government funding for COVID-19 tests and the belief in an increased need for COVID-19 testing in the future. Because such actions deal with future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of the Company could differ materially from those described in or implied by the statements in this press release. The forward looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on April 29, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, the companies undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Contact Details G Medical Innovations Kobi Ben-Efraim, CFO +972 8-958-4777 service@gmedinnovations.com Company Website https://gmedinnovations.com/

May 18, 2022 04:05 PM Eastern Daylight Time

iTradeNetwork Introduces Machine Learning File Monitoring—A Fresh Take on a Foodservice Data Problem

iTradeNetwork

iTradeNetwork (ITN), the industry’s largest perishables network, proudly announces its new Machine Learning File Monitoring system for Spend Insights— a unique, automated way to provide foodservice operators with the most complete distributor data in the industry. Operators can now devote less time to monitoring and correcting their data, and more time to making key decisions faster and unlocking savings and growth opportunities. How it works Before making any decisions about sourcing, contracting, or rebates, operators need to be confident those choices make financial sense for their business. As a result, foodservice operators face some key questions: “Do I have the best spend data I can get?” and “Can I rely on what I have to make strategic decisions?” Given their size and scope, operators sometimes devote entire teams to answering these questions. A finance or operations team can spend hundreds of hours manually monitoring thousands of incoming files from various distribution centers in order to aggregate data from all of an operator’s units. This process can be unpredictable and error-prone. Without complete visibility into the state and accuracy of their data, operators can’t be sure they have the right information at the right time. With iTrade’s Machine Learning File Monitoring, operators can quickly identify the typical 2-3% of their missing spend —and in a fast-moving industry, the completeness of your data reaps far-reaching financial benefits for your organization. iTrade’s machine learning-based file monitoring goes beyond just determining whether or not a distributor data file has been received. It: Analyzes the number of files expected weekly from individual distribution centers Provides the expected date of file receipt from individual distribution centers Confirms distributor data files have been processed or should have been processed but have not been received Assigns a confidence level to each distribution center based on the machine learning model to give context to decision making In short, it analyzes and interprets incoming distributor data, detects anomalies based on volume and history, flags files requiring additional follow-up, and provides a scorecard for all of the distribution centers providing data to foodservice operators. “This is the first time that the industry has seen something this proactive, complete, and accurate. We are giving you full visibility into your data, so you can quickly and seamlessly identify the files and data that need your attention. We are excited to help our foodservice operator customers redirect their efforts from chasing down data to more productive and value-added activities— and our customers are excited too,” comments Wills McMahon, Director of Product Management, iTradeNetwork. Machine learning-based file monitoring for Spend Insights is available now to all foodservice operators. About iTradeNetwork iTradeNetwork, Inc. is the leading global provider of supply chain management solutions for the food and beverage industry. Built upon deep industry expertise, a rich data foundation and the industries’ most extensive trading partner network, iTradeNetwork’s collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers, and wholesalers of all sizes to reduce cost, grow revenue, and strengthen trading partner relationships. Today, iTradeNetwork’s growing customer list includes thousands of global companies. For more information, visit: www.itradenetwork.com. Contact Details iTradeNetwork Media Contact +1 925-660-1100 sales@itradenetwork.com Company Website https://www.itradenetwork.com

May 18, 2022 09:00 AM Pacific Daylight Time

Velocity Global raises $400M in Series B growth round

Velocity Global

Eldridge and Norwest Venture Partners lead funding round Achieves multi-billion dollar valuation, a 7x increase in one year Investment boosts the company’s Global Work Platform™ that enables businesses and talent to work with anyone, anywhere, anyhow Velocity Global, the leading provider of global talent solutions, announced today that it raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to lend their deep expertise in the areas of technology, future of work and global scale. The company retains majority ownership and founder Ben Wright continues as CEO and chair of the board of directors. “This is a pivotal moment for our company in the midst of a paradigm shift for employers and talent,” said Wright. “Access to work is no longer limited by borders or the star you are born under as the adoption of global talent accelerates. In March, we tripled the number of new supported talent on our platform compared to the same time last year, and the momentum continues to build. Eldridge and Norwest Venture Partners join FFL Partners to invest in people’s lives and the future of business. Massive kudos to our team for this achievement on our way to even greater heights.” Profitable since its founding in 2014, Velocity Global more than doubled its client roster over the past year, tripled the number of new supported talent on its platform, and will reach an annual net revenue run rate of $200 million by midyear as it continues to scale rapidly. “Velocity Global’s proven technology platform is positioned to transform the future of work, offering businesses a frictionless solution for building and expanding their teams,” said Todd Boehly, co-founder and CEO of Eldridge. “We are proud to partner with Ben and his team as demand continues to grow for best-in-class workforce solutions that support organizations looking to scale across the globe.” Parker Barrile, partner at Norwest Venture Partners, joins the Velocity Global board as a director. Barrile is the former vice president of product at LinkedIn who oversaw 20-fold growth as the company went public. “Velocity Global has a rare mix of scale, growth, and profitability that attracted us to be part of the next phase,” said Barrile. “The company is led by a strong leadership team with an ambitious roadmap, and we look forward to partnering with them as they accelerate the future of work.” The company’s Global Work Platform™ seamlessly connects employers and talent worldwide through proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record (EoR) and Contractor Management, to help thousands of companies compliantly onboard, manage, and pay full-time and part-time talent, contractors, and freelancers in more than 185 countries and all 50 United States. Velocity Global serves more than 1,200 clients and over 7,000 supported employees worldwide. The Velocity Global team is more than 700 employees strong in 47 countries across six continents with plans to more than double the number of employees by the end of the year. In 2021, the company successfully completed acquisitions of iWorkGlobal and Shield GEO that added capabilities to its Global Work Platform. Velocity Global will use the funds to continue enhancing the customer experience for both businesses and talent. The company will make further strategic investments in technology, sales and marketing, as well as potential future acquisitions to execute on its vision to provide a frictionless solution for businesses and talent to work with anyone, anywhere, anyhow. FT Partners served as exclusive strategic and financial advisor to Velocity Global on this transaction. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries and all 50 United States. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. 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. About Eldridge Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge, please visit www.eldridge.com. About Norwest Venture Partners Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 650 companies and currently partners with more than 200 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise and healthcare. The Norwest team offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Palo Alto and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.com. Follow Norwest on Twitter @NorwestVP. Contact Details Corporate Communications Anja Koltes +1 720-650-4348 news@velocityglobal.com Eldridge Nadia Damouni +1 212-518-8012 ndamouni@prosek.com Norwest Venture Partners Kate Dishaw +1 650-321-8000 kdishaw@nvp.com Company Website https://velocityglobal.com/

May 18, 2022 07:01 AM Mountain Daylight Time

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Built In Honors VTS Among the 2022 Best Places To Work Awards

VTS

Built In today announced that VTS was honored in its 2022 Best Places To Work awards. Specifically, commercial real estate’s leading leasing, marketing, asset management, and tenant experience platform, earned a place on the Best Large Companies To Work For In New York City and Chicago lists, as well as the Best Mid-Sized Companies To Work For In Austin list. The annual awards program includes companies of all sizes, from startups to enterprise, and honors both remote-first employers as well as companies in the eight largest tech markets across the United States. VTS ranked 67th in the Best Large Companies In New York City category, 61st for the Best Large Companies In Chicago, and 74th for the Best Mid-Sized Companies in Austin. “We are thrilled to be recognized by Built In as one of the best places to work in three major markets this year,” said VTS’ CEO Nick Romito. “As VTS continues to expand across the globe, these accolades are a true testament to our dedication to the culture we’ve built, maintained, and continue to grow. We aim to be a diverse, equitable, and inclusive workplace that our employees truly enjoy working for — in-person and virtually — and we are incredibly proud of the community we’ve created. Thank you to Built In for this honor, and to our employees for bringing our vision to life.” Built In determines the winners based on an algorithm, using company data surrounding compensation, benefits, and company-wide programming. To reflect benefits candidates are searching for on Built In, the program weighs criteria like remote and flexible work opportunities, programs for DEI, as well as other people-first cultural offerings. “It is my honor to extend congratulations to the 2022 Best Places to Work winners,” shared Sheridan Orr as Chief Marketing Officer and Board Advisor for Built In. “This year saw a record number of entrants — and the past two years fundamentally changed what tech professionals want from work. These honores have risen to the challenge, evolving to deliver employee experiences that provide the meaning and purpose today’s tech professionals seek.” ABOUT BUILT IN: Built In is creating the largest platform for technology professionals globally. Monthly, more than three million of the industry's most in-demand professionals visit the site from across the world. They rely on our platform to stay ahead of tech trends and news, develop their careers and find opportunities at companies whose values they share. Built In also serves 1,800 innovative companies of all sizes, ranging from startups to the Fortune 100. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach tech professionals, locally, nationally or remotely. www.builtin.com ABOUT BUILT IN'S BEST PLACES TO WORK: Built In's esteemed Best Places to Work Awards, now in its fourth year, honor companies across numerous categories: 100 Best Places to Work, 50 Best Small Places to Work, 100 Best Midsize Places to Work, 50 Companies with the Best Benefits and 50 Best Paying Companies, 100 Best Large Companies to Work For, and 100 Best Remote-First Places to Work. ABOUT VTS: VTS is the commercial real estate industry's leading technology platform that transforms how strategic decisions are made and executed across the asset lifecycle. In 2013, VTS revolutionized the commercial real estate industry's leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party data source in the industry and delivers data insights and solutions for everyone in commercial real estate to fuel their investment and asset strategy, leasing and marketing automation, property operations, and tenant experience. With the VTS Platform, consisting of VTS Data, VTS Market, VTS Rise, and VTS Lease, every business stakeholder in commercial real estate is given the real-time market information and executional capabilities to do their job with unparalleled speed and intelligence. VTS is the global leader with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through our platform globally. VTS' user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. Contact Details Marino PR Elise Szwajkowski +1 212-402-3495 eszwajkowski@marinopr.com Company Website https://www.vts.com/

May 18, 2022 09:00 AM Eastern Daylight Time

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