Mohammed (Rally) Zerhouni Joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer

Mohammed (Rally) Zerhouni Joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer

Assuming responsibilities of Wendy Avila-Walker, who is retiring after more than 17 years of service to SJW Group

SAN JOSE, Calif.–(BUSINESS WIRE)–
SJW Group (NYSE: SJW) has announced today that Mohammed G. (Rally) Zerhouni joined the company on Jan. 30 as the senior vice president of finance, principal accounting officer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230131005655/en/

Mohammed (Rally) Zerhouni joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer. (Photo: Business Wire)

Mohammed (Rally) Zerhouni joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer. (Photo: Business Wire)

“We are fortunate to have Rally on our team,” stated SJW Group Chair, President and CEO Eric W. Thornburg. “Rally is a consummate professional with a deep understanding of investor-owned utility accounting and finance functions. His leadership style aligns well with our strong culture of teamwork, respect and transparency, and he will be a welcome addition to our senior leadership team.”

Zerhouni was most recently the chief financial officer for Veolia North America regulated utility business, where he led a team of more than 50 professionals in critical areas, including accounting, financial planning and analysis, taxes, procurement, and rates. In addition, he led the development and execution of the finance transformation roadmap. Prior to joining Veolia, he led audit engagement teams at PwC, which included engagements with large investor-owned utilities. Zerhouni was also an adjunct faculty at Franklin University teaching accounting courses.

He will assume the duties of Wendy Avila-Walker, vice president of finance, assistant treasurer and controller, who has announced her planned retirement effective March 3, 2023, after more than 17 years of service. “We thank Wendy for her considerable service to our company,” stated Thornburg. “She led her team through our transformational combination with Connecticut Water in 2019, which required the integration of teams and systems across the enterprise. She did so successfully while maintaining the highest standards for financial reporting.”

Zerhouni is a certified public accountant. He attended Sidi Mohammed Ben Abdellah University, where he received a Bachelor of Science in business Administration. He also has a Bachelor of Science in Accounting and a Master of Business Administration from Franklin University.

About SJW Group

SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to about 1.5 million people. SJW Group’s locally led and operated water utilities – San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas – possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its shareholders. For more information about SJW Group, please visit www.sjwgroup.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects,” “strategy,” or “anticipates,” or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. These forward-looking statements involve a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures and other decisions; (2) changes in demand for water and other services; (3) the impact of the Coronavirus (“COVID-19”) pandemic on our business operations and financial results; (4) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (5) climate change and the effects thereof, including but not limited to, droughts and wildfires; (6) unexpected costs, charges or expenses; (7) our ability to successfully evaluate investments in new business and growth initiatives; (8) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (9) the risk of work stoppages, strikes and other labor-related actions; (10) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (11) changes in general economic, political, business and financial market conditions; (12) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (13) legislative and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of SJW Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Results for a quarter are not indicative of results for a full year due to seasonality and other factors. Other factors that may cause actual results, performance or achievements to materially differ are described in SJW Group’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Forward-looking statements are not guarantees of performance, and speak only as of the date made. SJW Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Andrew Walters

Chief Financial Officer

408-279-7818

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Finance Accounting Energy Professional Services Utilities

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Mohammed (Rally) Zerhouni joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer. (Photo: Business Wire)
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Wendy Avila-Walker, Vice President of Finance, Assistant Treasurer and Controller, has announced her planned retirement from SJW Group effective March 3, 2023. (Photo: Business Wire)

CORRECTION: AppTech Payments Corp. Announces Pricing of $5.0 Million Registered Direct Offering and Concurrent Private Placement

CARLSBAD, Calif., Jan. 31, 2023 (GLOBE NEWSWIRE) — In a release issued earlier today by AppTech Payments Corp. (Nasdaq: APCX) under the same headline, please note the second paragraph has been updated. The exercisable date has changed from July 1, 2023 to August 1, 2023. Also, the Warrants will expire five years from the date on which they become exercisable rather than “five and one half years” as originally issued. Complete corrected text follows:

AppTech Payments Corp. (Nasdaq: APCX) (the “Company” or “AppTech”), an innovative Fintech company powering seamless, omni-channel commerce between businesses and consumers, announced today that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $5 million of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement. The combined effective purchase price for each share of common stock and associated warrant to purchase one share of common stock will be $3.00.

Under the terms of the securities purchase agreement, AppTech has agreed to issue 1,666,667 shares of common stock. In the concurrent private placement, which will be consummated concurrently with the offering, AppTech also has agreed to issue warrants (the “Warrants”) to purchase up to an aggregate of 1,666,667 shares of common stock. Each of the Warrants will have an exercise price of $4.64 per share of common stock and are exercisable on and after August 1, 2023. The Warrants will expire five years from the date on which they become exercisable.

EF Hutton, division of Benchmark Investments, LLC, is acting as exclusive placement agent for the offering. The offering is expected to close on or about February 1, 2023, subject to the satisfaction of customary closing conditions.

The shares of common stock are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-265526) previously filed and declared effective by the Securities and Exchange Commission (SEC) on July 15, 2022. The offering of the shares of common stock will be made only by means of a prospectus supplement that forms a part of the registration statement. The warrants issued in the concurrent private placement and the shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder, have not been registered under the Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting EF Hutton, division of Benchmark Investments, LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], or by telephone at (212) 404-7002.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AppTech Payments Corp.

AppTech Payments Corp. (NASDAQ: APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with customizable, immersive commerce experiences. Commerse, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2022, and in the Company’s other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

Investor Relations Contact

Ben Shamsian
Lytham Partners, LLC
[email protected]
646-829-9701

Media Contact

KCD PR for AppTech Payments Corp.
[email protected]
619-252-9111

AppTech Payments Corp.

[email protected]
760-707-5959



Call for nominations now open for the 2023 BlueJeans by Verizon Customer Awards

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) — Verizon Business today announced submissions are now open for the fourth annual BlueJeans by Verizon Customer Awards program. Celebrating excellence around the use of video to drive workplace transportation, winners will once again be announced on Verizon’s Up to Speed video podcast in May 2023.

“Today’s flexible work environment is constantly evolving, and so are the customer use cases we’re seeing emerge as a result,” said Chadd Thompson, CMO, BlueJeans by Verizon. “With BlueJeans, organizations have been unleashing the potential of video to immerse and captivate audiences for everything from corporate all-hands to high-impact launch events, and we can’t wait to showcase these dynamic customers at the forefront of delivering the experiential workplace.”

The awards will showcase trailblazing customers who have demonstrated an outstanding ability to execute change management by improving their communications, fostering creativity and innovation or solving complex problems using the BlueJeans platform—BlueJeans Events/Studio, BlueJeans Meetings, BlueJeans Rooms/RaaS, BlueJeans Expo or the BlueJeans Gateway for Microsoft Teams.

Customers are encouraged to submit their nominations in one or more of the four categories for the BlueJeans By Verizon Customer Awards:

1) Top Workplace Modernization – Recognizes an individual or organization that has successfully transformed their workspace to best support virtual communication and collaboration, enabling seamless connectivity across services and devices.
2) Biggest Impact – Recognizes an individual or organization that has shown significant return on investment as a result of using BlueJeans. The ROI can be focused on a broad set of outcomes, including business results or social, environmental, or cultural benefits.
3) Most Innovative Use Case – Honors an individual or organization that has demonstrated excellence in applying BlueJeans video technology to support a creative or pioneering use case outside of traditional virtual meetings.
4) Best Use of BlueJeans Events – celebrates the most creative or successful use of BlueJeans Events to support marketing outcomes such as brand awareness and demand generation, or human resource initiatives such as employee engagement and culture building.

Category winners and honorees will then be selected by a panel of judges based on the creativity, impact and business value of their BlueJeans use case. Winners will be announced live on Verizon’s Up to Speed twitter channel.

Submit your nomination today through March 31, 2023. To learn more about the awards program and previous winners, visit the 2023 BlueJeans By Verizon Customer Awards page.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Erin Cheever
[email protected]



Eaton named to Newsweek’s first annual list of America’s Greatest Workplaces for Diversity

Eaton named to Newsweek’s first annual list of America’s Greatest Workplaces for Diversity

CLEVELAND–(BUSINESS WIRE)–
Intelligent power management company Eaton (NYSE:ETN) announced it has been named to Newsweek’s inaugural list of America’s Greatest Workplaces for Diversity. Scoring was based on publicly available data, interviews with Human Resources professionals and an anonymous online survey of employees at companies with more than 1,000 people. Respondents were asked about corporate culture, their working environment and evaluated how their employer manages a diverse workforce. The survey yielded more than 350,000 reviews across more than 1,000 companies.

Eaton has been well-recognized for its commitment to inclusion and diversity. For the past seven years, Eaton has achieved a 100% on the Human Rights Campaign’s Corporate Equality Index (CEI). For the past two years, Eaton was recognized as a Best Place to Work for Disability Inclusion, and earned 100 out of 100 on the 2022 Disability Equality Index (DEI). Eaton was also named a Mansfield 2.0 Certified Legal Department (MRLD) and achieved MRLD Certification Plus designation in 2022. This means Eaton considers at least 50% underrepresented lawyers for leadership roles during interviews and that underrepresented lawyers comprise at least 50% of the legal leadership team.

“When we embrace and celebrate the different ideas, perspectives and backgrounds that make each of us unique, we—as individuals and as a company—are stronger,” said Monica Jackson, vice president, Global Inclusion and Diversity, Eaton. “We are passionate about ensuring an inclusive workplace for all employees and aspire to be a model of inclusion and diversity in our industry.”

To learn more about Eaton’s inclusion and diversity journey, please read Eaton’s latest Global Inclusion and Diversity Transparency Report. To join one of America’s greatest workplaces for diversity, check out the full list of current openings.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, 2023 marks Eaton’s 100th anniversary of being listed on the NYSE. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

Drew Horansky

+1 (440) 523-4306

[email protected]

KEYWORDS: Europe Ireland United States North America Ohio

INDUSTRY KEYWORDS: LGBTQ+ Consulting People with Disabilities Professional Services Environmental, Social and Governance (ESG) Other Energy DEI (Diversity, Equity and Inclusion) Legal Alternative Energy Energy Consumer

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Revelation Biosciences Inc. Announces 1-for-35 Reverse Stock Split effective February 1, 2023 and Results of Special Meeting of Stockholders

Revelation Biosciences Inc. Announces 1-for-35 Reverse Stock Split effective February 1, 2023 and Results of Special Meeting of Stockholders

SAN DIEGO–(BUSINESS WIRE)–
Revelation Biosciences Inc. (NASDAQ: REVB) (the “Company” or “Revelation”) announced today that, on February 1, 2023, the Company will implement a 1-for-35 reverse split of its common stock following approval at its Special Meeting of Stockholders held on January 30, 2023. The reverse stock split will be effective as of the morning of February 1, 2023, and the Company’s common stock will trade on a post-split basis at the beginning of trading on the same date under the existing trading symbol “REVB.” The CUSIP number for the common stock following the reverse stock split will be 76135L 309. At the meeting, the stockholders also approved an increase in the authorized common stock to 500,000,000 shares and ratified the appointment of Baker Tilly US, LLP as independent public accountants to the Company.

The reverse stock split is intended to increase the market price per share of the Company’s common stock to regain compliance with the minimum bid continued listing requirement of The Nasdaq Capital Market. The Company intends to continue to pursue additional actions to satisfy the exchange’s minimum stockholders’ equity requirement. The reverse stock split will reduce the number of shares of the Company’s common stock currently outstanding to approximately 672,460 shares. Proportionate adjustments will be made to the conversion and exercise prices of the company’s warrants, restricted stock unit awards, stock options and to the number of shares issued and issuable under the Company’s equity incentive plans.

Information for Stockholders

Upon the effectiveness of the reverse stock split, each thirty-five shares of the Company’s issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s relative interest in the Company’s equity, except to the extent that the reverse stock split would have resulted in a stockholder owning a fractional share. Holders of common stock otherwise entitled to a fractional share as a result of the reverse stock split will automatically be entitled to receive an additional fraction of a share of common stock to round up to the next whole share. The reverse stock split will not change the par value of the common stock or modify the rights or preferences of the common stock. The Company’s transfer agent, Continental Stock Transfer & Trust Co., will maintain the book-entry records for the Company’s common stock. Registered stockholders holding pre-split shares of the Company’s common stock electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker’s particular processes, and will not be required to take any action in connect with the reverse stock split. Continental Stock Transfer & Trust Co. can be reached at (212) 509-4000 or (800) 509-5586.

About Revelation Biosciences Inc.

Revelation Biosciences, Inc. is a life sciences company focused on the development of immunologic-based therapies for the prevention and treatment of disease. Revelation has multiple product candidates in development that are based on the well-established biology of phosphorylated hexaacyl disaccharide (PHAD) and its effect on the innate immune system. REVTx‑100 is being developed as a prevention and treatment of infection. REVTx‑200 is being developed as an intranasal immunomodulator adjunct to be used in combination with an intramuscular vaccination for more complete immunity. REVTx‑300 is being developed as a potential therapy for the treatment of acute and chronic organ disease including CKD, AKI, myocarditis, and NASH. REVTx‑99b is being developed as a treatment for food allergies. REVDx‑501 is being developed as a rapid diagnostic that can be used to detect IP-10 as a surrogate biomarker for any type of respiratory infection, eliminating the need for specialized instrumentation.

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These forward-looking statements are generally identified by the words “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions. We caution investors that forward-looking statements are based on management’s expectations and are only predictions or statements of current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those anticipated by the forward-looking statements. Revelation cautions readers not to place undue reliance on any such forward looking statements, which speak only as of the date they were made. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the ability of Revelation to meet its financial and strategic goals, due to, among other things, competition; the ability of Revelation to grow and manage growth profitability and retain its key employees; the possibility that Revelation may be adversely affected by other economic, business, and/or competitive factors; risks relating to the successful development of Revelation’s product candidates; the clinical utility of an increase in intranasal cytokine levels as a biomarker of viral infections; the ability to successfully complete planned clinical studies of its product candidates; the risk that we may not fully enroll our clinical studies or enrollment will take longer than expected; risks relating to the occurrence of adverse safety events and/or unexpected concerns that may arise from data or analysis from our clinical studies; changes in applicable laws or regulations; expected initiation of the clinical studies, the timing of clinical data; the outcome of the clinical data, including whether the results of such study are positive or whether it can be replicated; the outcome of data collected, including whether the results of such data and/or correlation can be replicated; the timing, costs, conduct and outcome of our other clinical studies; the anticipated treatment of future clinical data by the FDA, the EMA or other regulatory authorities, including whether such data will be sufficient for approval; the success of future development activities for its product candidates; potential indications for which product candidates may be developed; the potential impact that COVID‑19 may have on Revelation’s suppliers, vendors, regulatory agencies, employees and the global economy as a whole; the ability of Revelation to maintain the listing of its securities on NASDAQ; investor sentiment relating to SPAC related going public transactions; the expected duration over which Revelation’s balances will fund its operations; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the SEC by Revelation.

Sandra Vedrick

Vice President, Investor Relations & Human Resources

Revelation Biosciences Inc.

Email: [email protected]

and

Chester Zygmont, III

Chief Financial Officer

Revelation Biosciences Inc.

Email: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Biotechnology Medical Devices Health Pharmaceutical Medical Supplies

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Informatica Releases 2023 Data and Analytics Executive Leadership Survey Results

Informatica Releases 2023 Data and Analytics Executive Leadership Survey Results

Global chief data officers align on increasing investments in data management (68% global average) and cloud (71% global average)

REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Informatica (NYSE: INFA), an enterprise cloud data management leader, today released the results of its highly anticipated annual CDO Insights survey. The research report—CDO Insights 2023: How to Empower Data-Led Business Resiliency—was informed by a November 2022 survey across 600 chief data officers and chief data & analytics officers in the U.S., Europe, and Asia Pacific. Findings from the report reveal that cloud and data management investments show no signs of slowing down in 2023, and data governance is the #1 priority for U.S. CDOs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230131005164/en/

CDO Insights 2023 (Graphic: Business Wire)

CDO Insights 2023 (Graphic: Business Wire)

“CDOs are increasingly more focused on enabling business objectives rather than purely technical ones,” said Jitesh Ghai, Chief Product Officer, Informatica. “Our survey findings align with Informatica customers’ desire for data management capabilities and a well-planned strategy linked to clear business outcomes. By driving organizational alignment on that strategy and making the appropriate data management investments to support it, they will differentiate their organizations, drive clear business outcomes and enable success in 2023 and beyond.”

Key Findings from the Study

  • Despite macroeconomic factors, organizations are increasing their investment in data management.

    • 68% of data executives predict increased data management investment in 2023.
  • Data fragmentation and lack of cooperation across the business remain an issue.

    • 55% of data executives reported having more than 1,000 sources of data in their organization.
    • 50% will use five or more tools to support data management priorities in 2023
  • Improving data quality and data governance are top priorities globally.

    • 52% of data executives cited improved governance over their data and processes as a top data strategy priority for 2023.
    • 42% of data executives plan to invest in data quality and master data management capabilities, highly sought-after data management capabilities.
  • Strategy alignment is critical; alignment equals investment and success.

    • 73% of data leaders with strongly aligned business and data strategies predict increased investments.
    • 76% of data executives that reported being very or completely aligned on their data and business strategy also had complete control of their budget.

As data strategies evolve rapidly, data leaders are looking to change and adapt quickly, including exploring new trends such as data mesh, data fabric, data observability, ESG and sustainability, and data marketplaces – all of which require data visibility and governance. As data leaders bring strategies and tools together to achieve their business priorities, developing metrics and measurements for business outcomes is critical. Taken together, these findings emphasize data management, control, and unification in 2023, pointing to an increasing focus on data leadership driving new data strategies and measurable business outcomes.

About Informatica

Informatica (NYSE:INFA), an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™ (IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 85 of the Fortune 100 rely on Informatica to drive data-led digital transformation. Learn more at informatica.com.

Informatica Public Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Internet Data Management Technology Artificial Intelligence Software

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CDO Insights 2023 (Graphic: Business Wire)

AppLovin Unveils Most Effective, Performance-Driven Mobile Ad Trends

AppLovin Unveils Most Effective, Performance-Driven Mobile Ad Trends

New data report analyzes 52 billion impressions to reveal top ad creative concepts and variables to help drive highest 2023 ROI

PALO ALTO, Calif.–(BUSINESS WIRE)–AppLovin (NASDAQ: APP), the leading growth platform for developers, today released its first-ever Creative Trends Report 2023, unveiling the top performance-driven mobile ad trends for the year. The data-driven report empowers mobile app developers and marketers, across verticals, to drive better performing mobile ad campaigns.

AppLovin’s in-house creative agency, SparkLabs, analyzed data from 52.3 billion impressions, 22.4 billion clicks, and 267 million installs, as well as tens of thousands of creatives in 2022. The report examines the concepts and variables that produced the most impact and highest ROI.

“Our goal with this report is to provide marketers and developers insights and inspiration for achieving increased success for mobile ad campaigns,” said Katie Jansen, CMO of AppLovin. “The report is packed with proven performance-driven ad concepts that have generated significant lift for their campaigns by capturing the majority of ad spend.”

Key insights from the report include:

  • Customization of a character, item or environment encourages engagement, especially amongst match, merge, mid-core, arcade and action titles.
  • Dramatic story narratives, particularly when characters are victims in perilous situations, allow players to become invested in the game’s story, with strategy creatives 155% higher than average.
  • Voiceover messaging on top of visual content adds dimensionality and works best with genres that rely heavily on showing gameplay footage. In 2022, computer generated voices took almost a 30% share of all top creatives.
  • Real-time feedback creates better connections with users, as nearly 50% of all top-performing creatives incorporate mechanics giving real-time feedback to the user.

“Putting the best creative pieces together doesn’t always guarantee a win,” Jansen added. “To ensure that your ads are consistently high-performing, you need a combination of performance-driven analysis and continuous iteration and testing to find an optimal creative strategy for your app.”

About AppLovin

AppLovin enables developers to grow their business. Businesses rely on AppLovin’s market leading technologies to solve their mission-critical functions with a powerful, full stack solution including user acquisition, monetization and measurement. AppLovin is headquartered in Palo Alto, California with several offices globally.

Press

Joshua Grandy

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Advertising Communications Digital Marketing Apps/Applications Technology Software

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TIDAL and Universal Music Group Partner to Develop More Artist- and Fan-Friendly Streaming Model

TIDAL and Universal Music Group Partner to Develop More Artist- and Fan-Friendly Streaming Model

NEW YORK–(BUSINESS WIRE)–
TIDAL, the global music and entertainment platform, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced that the two companies will work together to explore an innovative new economic model for music streaming that might better reward the value provided by artists and more closely reflect the engagement of TIDAL subscribers with those artists and music they love.

Streaming has revolutionized music, catalyzed industry growth, transformed the entertainment experience and provided incredible opportunities for engagement, to the benefit of artists and fans alike. As it has gained mass adoption over the past decade, there is more desire from all parties to look at how to best economically align fans’ interests with those of their favorite artists.

TIDAL and UMG will research how, by harnessing fan engagement, digital music services and platforms can generate greater commercial value for every type of artist. The research will extend to how different economic models could accelerate subscriber growth, deepen retention, and better monetize fandom to the benefit of artists and the broader music community.

“From day one, TIDAL has stood out as artist-first, leading with a premium subscription tier to pay artists more and experimenting with new ideas like fan-centered royalties to see if there are fairer and more equitable ways to get artists paid,” said TIDAL Lead Jesse Dorogusker. “We are setting aside our current fan-centered royalties investigation to focus on this opportunity for more impact. We’re thrilled to partner and learn along the way about the possibilities for more innovative streaming economics. This partnership will enable us to rethink how we can sustainably improve royalties’ distribution for the breadth of artists on our platform.”

“As the digital landscape continues to evolve, it’s become increasingly clear that music streaming’s economic model needs innovation to ensure a vibrant and sustainable future,” said Michael Nash, UMG’s Executive Vice President, Chief Digital Officer. “Tidal’s embrace of this transformational opportunity is especially exciting because the music ecosystem can work better – for every type of artist and fan – but only through dedicated, thoughtful collaboration. Built on deeply held, shared principles about the value of artistry and the importance of the artist-fan relationship, this strategic initiative will explore how to enhance and advance the model in keeping with our collective objectives.”

About TIDAL

TIDAL is a global music platform that helps fans and artists fully immerse themselves in their love of music. By helping artists with their business so they can focus on their craft and offering experiences that elevate how fans engage with music, artists and each other, TIDAL is the best platform for artists, fans, and all things music.

Available in 61 countries, the streaming service has more than 90 million songs and 450,000 high-quality videos in its catalog, along with original video series, podcasts, thousands of expertly curated playlists, and artist discovery via TIDAL Rising. TIDAL is available in Free (US only), HiFi, and HiFi Plus tiers, with the HiFi Plus membership offering access to immersive audio features like Master Quality Authenticated (MQA) recordings, Dolby Atmos Music, and Sony’s 360 Reality Audio recordings; for a higher monthly fee that TIDAL redistributes back to artists.

TIDAL is part of Block, Inc. (NYSE: SQ), a global technology company with a focus on financial services.

For more information, please visit www.tidal.com.

About Universal Music Group

At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.

TIDAL: Sade Ayodele, Head of Communications[email protected]

Universal Music Group, global communications: James Murtagh-Hopkins [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: General Entertainment Entertainment Music Licensing (Entertainment)

MEDIA:

Harris Williams Advises Magaya Corporation on its Recapitalization by Apax Digital

Harris Williams Advises Magaya Corporation on its Recapitalization by Apax Digital

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Magaya Corporation (Magaya), a portfolio company of LLR Partners (LLR), on its recapitalization from funds advised by Apax Digital, the growth equity arm of Apax Partners (Apax). Magaya is a leading provider of cloud-based supply chain automation and logistics software for freight forwarders, customs brokers, and other international logistics providers. The transaction was led by Andy Leed, Erik Szyndlar, Ryan Costa, Colin Chapin and Sean McGann of the Harris Williams Technology Group.

“International logistics is undergoing an industry-wide digital transformation, and Magaya is playing a central role in helping freight forwarders become more agile and resilient through its modern digital freight platform,” said Andy Leed, a managing director at Harris Williams. “It was a pleasure working with CEO Gary Nemmers, Magaya’s co-founders, and management on this transaction, and we are excited to see what the company accomplishes in their continued partnership with LLR and with their new partner Apax Digital.”

“This investment represents another high-profile transaction for Harris Williams within the broader supply chain and logistics technology sector,” said Ryan Costa, a director at Harris Williams. “The rapidly changing global trade environment, which is characterized by growing trade volumes, increasing complexity, and ongoing diversification away from single-sourced supply chains, is not only driving strong demand for Magaya’s solutions, but also fueling investment activity across the broader market. We expect strong investor and corporate buyer interest to continue as these trends create new challenges for organizations.”

Magaya is a modern digital freight platform that accelerates growth with flexible, interoperable, and modular cloud-based solutions designed to optimize and digitize end-to-end logistics operations and customer experience. Whether used together as an integrated digital freight platform or independently, Magaya solutions enable freight forwarders, custom brokers, and other international logistics providers to automate complex and redundant processes, enhance the customer experience, optimize productivity, extend their reach, and grow their revenues. The company is headquartered in Miami and operates an additional office in the Philippines.

LLR is a private equity firm investing in technology and healthcare businesses. The company collaborates with its portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts.

The Apax Digital Funds specialize in growth equity and growth buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team leverages Apax’s deep tech investing expertise, global platform, and specialized operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential.

Apax is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. These funds provide long-term equity financing to build and strengthen world-class companies.

Harris Williams is a global investment bank specializing in M&A advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies to uncover the unique story of each company. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver premium outcomes through M&A.

Technology is ubiquitous in today’s global economy, with most sectors and industries rapidly adopting software and data solutions as companies seek to increase competitiveness and enhance productivity. Led by seasoned and passionate professionals with strong vertical and horizontal experience, the Harris Williams Technology Group partners with both growth capital and private equity investors as well as company leaders around the globe. Our clients rely on us to navigate the ever-evolving technology M&A landscape. Our Technology Group has deep expertise across application and vertical software as well as technology and data services.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Julia Moore

[email protected]

KEYWORDS: United States North America Florida Virginia

INDUSTRY KEYWORDS: Data Management Banking Technology Professional Services Other Transport Transport Other Technology Software Other Professional Services Logistics/Supply Chain Management Finance

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Logo
Logo

Las Vegas, Electrified: Shyft Leadership to Present on Blue Arc EV and Reducing Transportation Emissions at Manifest 2023

Shyft Innovations head Eric Fisher will participate in a panel about reducing emissions

LAS VEGAS, Jan. 31, 2023 (GLOBE NEWSWIRE) — The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail, and service specialty vehicle markets, will attend the logistics- and supply chain-focused expo Manifest 2023 in Las Vegas, Nev., from January 31 to February 2. Eric Fisher, senior vice president and general manager of Shyft Innovations, will speak on the panel “Refueling Transportation to Reduce Emissions” at 10:55 a.m. PST on Thursday, February 2.

“As the parcel delivery industry moves quickly to more sustainable operations through electrification, Blue Arc provides the only truly commercial-grade solution,” said Fisher. “Last mile fleets are a natural fit for EV with established routes and regen capabilities at low speed.”

The Shyft Group’s display, located in booth #V6 of the expo hall, will feature the fully reimagined, all-electric Class 3 walk-in delivery van from Blue Arc™ EV Solutions.

The Blue Arc delivery van is a 100% battery-powered Class 3 electric commercial delivery vehicle designed for high-frequency, last-mile delivery fleets. A spacious cargo area features 635-800 cubic feet of storage and offers a choice of vocational packages specifically designed for functionality.

The delivery van also features an integrated solar roof package and lightweight aluminum honeycomb shelving package that is 175 lbs. lighter than typical. The lightweight aluminum and composite body offer higher durability against scratches and dents. With a cargo area ranging from 14’ to 18’ in length and a payload capacity of up to 5,000 lbs., Shyft customers can maximize productivity and minimize cost of ownership, including fuel and maintenance costs.

Blue Arc has integrated the latest in proven vehicle and driver safety technology such as 360-degree cameras, large in-dash HD camera displays, lane departure and proximity sensors, and keyless and automated entry. Designed with the driver’s comfort and productivity in mind, the delivery van is easy to drive and easy to enter and exit for last-mile deliveries with multi-stop routes.

The Shyft Group

The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Our customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services™ and Shyft Specialty Vehicles™. Today, its family of brands includes Blue Arc™ EV Solutions, Utilimaster®, Royal Truck Body™, DuraMag® and Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Red Diamond™ Aftermarket Solutions, and Builtmore Contract Manufacturing™. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,800 employees and contractors across campuses and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales of $992 million in 2021. Learn more about The Shyft Group at TheShyftGroup.com.

CONTACTS

Media:
Carrie Wright
Chief Marketing & Communications Officer
The Shyft Group
[email protected]
313.495.2904

Scott Worden
Senior Director
Lambert & Co.
[email protected]
248.825.9343

Investors:
Randy Wilson
Vice President, Investor Relations and Treasury
The Shyft Group
[email protected]
248.727.3755

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b294e9db-1c1e-4276-bbfc-0bff1f9bc0eb