As COVID-19 Cases Rise and Restrictions Loom, Small Business Owners See Long Road to Recovery

As COVID-19 Cases Rise and Restrictions Loom, Small Business Owners See Long Road to Recovery

Wells Fargo survey highlights tough times for business owners, their expectations for economic recovery, and payment trends

SAN FRANCISCO–(BUSINESS WIRE)–
With COVID-19 cases surging and a new wave of restrictions looming, challenges persist for small business owners as they continue to weather the pandemic according to data from the Q4 Wells Fargo/Gallup Small Business Index. While the index score rose 12 points for the second straight quarter, overall optimism levels remain just over half of what they were in late 2019.

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The Q4 Wells Fargo/Gallup Small Business Index score rose 12 points to 72, overall optimism levels remain nearly half of what they were in late 2019. (Graphic: Wells Fargo)

The Q4 Wells Fargo/Gallup Small Business Index score rose 12 points to 72, overall optimism levels remain nearly half of what they were in late 2019. (Graphic: Wells Fargo)

For the third straight quarter, respondents most frequently ranked the loss of business or closings due to the impact of COVID-19 as their top concern. Attracting new business, worries about financial stability and reduced cash flow were the other top ranked concerns.

“With COVID-19 numbers hitting new high-water marks across many states as we enter the important holiday season, small businesses are facing another steep round of challenges,” said Steve Troutner, head of Small Business at Wells Fargo. “Helping small businesses keep their doors open, their employees at work, and meet their customers’ needs safely is a top priority for Wells Fargo and we are deploying a wide array of tools to do so including our Open for Business Fund which is investing approximately $400 million to support small businesses.”

Business owners see long road ahead for recovery

The Q4 survey highlighted that the journey to economic recovery for small businesses is not a short one. Almost half (46%) of the respondents continued to report decreases in revenue in the last 12 months. The number of owners that felt the economy was growing climbed nine points to 29%, but 33% felt it was continuing to slow, while a combined 38% said it was in a recession or depression.

When asked about the timeline for economic recovery, 28% said it would not come until the second half of 2021, while over one third (34%) did not anticipate a recovery until after 2021. More specifically, when asked how long recovery from the impacts of COVID-19 for businesses like theirs would take, over half (55%) said it would not be until the second half of 2021 or beyond.

The pandemic has changed how many small businesses think about payment solutions

The pandemic has required many businesses to establish safer ways to engage with customers. Payments is no exception. The pandemic’s effects were particularly highlighted in the data showing that 25% of owners said they have stopped or reduced their acceptance of cash or check via in-person payment. Credit and debit cards continue to be a staple for online payments (25%) and in person payments (38%). Business owners have also heard that more customers would like the ability to make payments over the phone with a debit or credit card. This being said, cash and checks remain the largest method of payment with 74% of businesses continuing to accept them.

“As we think about how to serve our small business customers amid the current COVID environment, it’s critical that we support them with new payment techniques which in turn allow them to operate safely and efficiently,” said Liz Ryan, executive vice president and interim head of Wells Fargo Merchant Services. “The data tells us that for a large number of business owners, both their current circumstances and their customer preferences are dictating a hygienic approach for payments. As we observe the current shift toward innovative solutions like contactless payments, the pandemic is accelerating the adoption of these capabilities as consumer buying behaviors and preferences change. We continue to operate with a customer-first mindset and focus our support on helping business owners not just survive but thrive.”

Despite challenges, small businesses remain resilient, and focused on deliberate investments

Though COVID-19 continues to weigh on small businesses, owners are focused on staying positive and continuing to make thoughtful decisions. Sixty-nine percent of business owners rated their company’s current financial situation as good or somewhat good, and the measure lifted to 73% when asked about 12 months from now. With the shifts and changes small businesses have had to quickly make this year, 46% reported decreases in revenue, but 53% expect revenue to increase over the next 12 months. Indicators showing a very deliberate approach to weathering the storm in 2020 include only 23% of owners acknowledging investing in their businesses this year, and only 13% reporting adding employees. Yet for the next 12 months, business owners hope to increase those numbers with 30% investing in their businesses, and 25% adding to their staff.

“Owners seem to be acknowledging the challenges COVID-19 continues to bring to their business, particularly with the resurgence in cases across the country,” said Mark Vitner, senior economist with Wells Fargo. “With that said, given the myriad of factors that have affected the small business landscape, the continued recovery in optimism indicates these owners see brighter horizons ahead.”

Many Hearts. One Community.

The survey’s reflection of the long road ahead for small businesses highlights the importance of supporting them on their journey to recovery, particularly during the holiday season. To this end, during the month of December Wells Fargo will use its online and social media platforms to shine a light on small businesses and encourage people to shop locally. Additionally, Wells Fargo will deploy approximately $50 million through its Open for Business Fund to nonprofits that help small businesses stay open and to provide relief for small businesses during this time of need.

More details about Wells Fargo’s “Many Hearts. One Community.” holiday campaign can be found on the company’s social media channels and Wells Fargo Stories.

Wells Fargo/Gallup Small Business Index Scores: Q4 2019 – Q4 2020

 

Overall Index Score

Present Situation

Future Expectations

Q4 2020 (surveyed November 2020)

72

24

48

Q3 2020 (surveyed August 2020)

60

19

41

Q2 2020 (surveyed April 2020)

48

39

9

Q1 2020 (surveyed January 2020)

132

63

69

Q4 2019 (surveyed September 2019)

142

67

75

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo

Methodology

Results for Wells Fargo/Gallup Small Business survey are based on web interviews with 600 small business owners, conducted during the period November 6-13, 2020., Beginning in Q2, 2019, interviewing formally transitioned from outbound phone data collection to a national small business web opt-in panel provider.

News Release Category: WF-SB

Media

Manuel Venegas, 213.269.2723

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Small Business Banking Professional Services Finance

MEDIA:

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The Q4 Wells Fargo/Gallup Small Business Index score rose 12 points to 72, overall optimism levels remain nearly half of what they were in late 2019. (Graphic: Wells Fargo)

New ClearOne BMA 360 Beamforming Microphone Array Ceiling Tile Receives a 2020 Sound & Video Contractor Magazine Innovation Product Award

PR Newswire

SALT LAKE CITY, Dec. 8, 2020 /PRNewswire/ — Underscoring the overwhelmingly positive market reaction to its introduction, ClearOne (NASDAQ:CLRO), a leading global provider of audio and visual communication solutions, today announced that its new BMA 360 Beamforming Microphone Array Ceiling Tile was named a 2020 Innovation Product Award winner by the readers of Sound & Video Contractor, a leading American business publication read by tens of thousands of commercial audiovisual systems integrators and installers.

“We are honored by the readers of Sound & Video Contractor who clearly understand the unique value our new BMA 360 Beamforming Microphone Array Ceiling Tile brings to their customers across a broad range of vertical markets,” said ClearOne Chair and CEO Zee Hakimoglu.  “The BMA 360 sets a new benchmark in natural, full fidelity audio that customers are quickly responding to.”

The ClearOne BMA 360 is the world’s first truly wideband, frequency invariant beamforming mic array with uniform gain response across all frequency bands. With FiBeam™ technology, conference participants will experience the ultimate in natural and full fidelity audio across all beams and within a single beam.

Deep sidelobe beamforming, DsBeam™, provides unparalleled maximum sidelobe depth, below -40 dB, resulting in superior rejection of reverberation and noise in difficult spaces for superb clarity and intelligibility.  

The BMA 360 is based on a dramatically new approach to beamforming that provides a new beam topology to easily achieve distortion-free, full 360-degree coverage of any room shape and any seating arrangement using ClearOne Audio Intelligence™. Further advancements in adaptive steering (think of it as smart switching) provide impeccable coverage of each conference participant as well as support for camera tracking.

In addition to being its own stand-alone commercial solution, certain core and patented ClearOne Beamforming Microphone Array 360 technology is also featured in the company’s recently launched line of Aura™ beamforming array home office audio solutions; thus extending the benefits of a commercial grade communication and collaboration solution to the new, and increasingly important, next generation home office environment. 

Going beyond the advancements in beamforming technology, the 6G Acoustic Echo Cancellation (AEC) delivers unmatched per-beam full-duplex audio performance.  On-board audio algorithms, like noise reduction, filtering, and Automatic Level Control, eliminate the need for per-beam processing in a DSP mixer – requiring fewer DSP mixer resources. Finally, robust built-in amplifiers, configurable as 4 x 15 Watt or 2 x 30 Watt, provide flexibility for driving loudspeakers. 

ClearOne’s breakthrough technologies, FiBeam, DsBeam, and 6G AEC combine to create VividVoice™, a significant advancement for professional conferencing. 

The integrated features in the BMA 360 significantly reduce system design complexity, simplify installation, consume less rack space, and lower system cost. The BMA 360 also supports daisy-chaining of up to three ceiling tiles via P-Link for divisible rooms, or larger conference setups – for simpler wiring, longer distances, and lower-cost deployments compared to networked “home-run” connections via Ethernet. 

Simple, single-workflow configuration is provided by a new release of ClearOne’s CONSOLE® AI software. Competing products require practitioners to program multiple system components with different toolsets: Ethernet switches, ceiling tiles, DSP mixers, and the Dante controller. 

The BMA 360 supports three different ceiling grid sizes: 24 in, 600 mm, and 625 mm.  It incorporates a VESA-standard hole pattern that supports pole mounting. Hard-ceiling mount accessory kits are also available. 

ClearOne’s BMA technology is protected by at least a dozen patents and pending patent applications.

About ClearOne
ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.

 

 

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SOURCE ClearOne

Appian and Accenture Federal Services Team to Accelerate Acquisition Modernization for Government and Defense Organizations

New Collaboration Focused on Managing Entire Acquisition Lifecycle, Adding New Delivery Accelerators to Simplify the Government Procurement Processes

PR Newswire

MCLEAN, Va., Dec. 8, 2020 /PRNewswire/ — Appian (NASDAQ: APPN) today announced a collaboration with Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), to further simplify the federal acquisition process through low-code automation. Through the joint effort, AFS is developing new delivery accelerators to enhance Appian’s Acquisition Solutions, which simplify the acquisition process and validate that the process fully complies with the Federal Acquisition Regulations for defense and civilian agencies, their supplements and policies.

“Federal procurement teams are often bogged down by systems and manual tasks that complicate the acquisition process, increase risk, lower efficiency and add unnecessary costs,” said Aaron Jackson, digital platforms lead at Accenture Federal Services. “Appian’s low-code automation platform, coupled with Accenture’s experience in automation and artificial intelligence, simplifies the acquisition process and delivers tremendous value, helping organizations eliminate process bottlenecks and ensure timely delivery of products and services.”

In today’s digital landscape, federal leaders are tasked with automating complex workflows and processes while being required to securely unify data, people, the digital workforce, and all business processes. This places a heavy burden on procurement teams that are tied to outdated systems and have strict budget constraints. In order to adjust, agencies must leverage their current IT investments and extend the capabilities of their legacy systems, which can be done with a low-code automation platform.

“Accenture is a long-time collaborator with Appian, and we are thrilled to expand our relationship into federal services,” said Marc Wilson, senior vice president of Global Partnerships & Industries, Appian. “Partners play a key role in helping garner awareness for the benefits of low-code automation and we continue to see success when we work together. The new delivery accelerators being created by Accenture Federal Services for the Appian Government Acquisition solutions suite will further aid the government to make changes in their digital automation strategies that have lasting impact.”

The new delivery accelerators from AFS seamlessly integrate into the new Appian Award Management solution, which advances the process for contract closeout, while simplifying adoption and rapid implementation.

Appian works with more than 100 government organizations worldwide. To learn more visit https://www.appian.com/industries/government-public-sector/.

About Accenture Federal Services 
Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com

About Appian
Appian provides a low-code automation platform that accelerates the creation of high-impact business applications. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance.

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SOURCE Appian

Sacramento’s Allworth Financial Acquires Bastoni Financial Services

The deal marks the 12th in three years for fast growing Allworth Financial

Sacramento, California, Dec. 08, 2020 (GLOBE NEWSWIRE) — SACRAMENTO, Calif., December 8, 2020- Allworth Financial (“Allworth”) has entered into a definitive agreement to acquire the financial planning and investment advisory firm Bastoni Financial Services (“Bastoni”) of Folsom, California. With roughly $270 million in assets under management, Bastoni expands Allworth’s footprint in Northern California, and increases the firm’s total assets under management to over $10 billion.

“Pat McClain and I have known Dave Bastoni for a long time, and we have a lot of respect for the high-quality retirement planning services he provides to his clients,” said Scott Hanson, co-CEO of Allworth Financial. “With Dave, we are entering into a partnership with a firm that has a great reputation in a region we proudly call home.” 

“Everyone here at Bastoni is excited to be partnering with Allworth,” said Bastoni president and founder, Dave Bastoni. “Working together is something we’ve been discussing for a long time, and now that’s it’s finally official, we’re looking forward to the benefits of our partnership.”

The deal represents Allworth’s 5th acquisition this year and 12th overall since the Sacramento-based firm partnered with Boston-based Parthenon Capital back in 2017. Allworth was recently named one of Financial Advisor magazine’s 10 fastest growing firms in the country.

“We’ve seen a tremendous amount of interest from firms looking to partner. We’re proud of the team and model we’ve built at Allworth, and it seems the industry is taking notice,” said Allworth co-CEO Pat McClain. “With the addition of Dave Bastoni, and his terrific team, we’ve taken another step toward reaching our goal of building a national firm that is a respected leader in the marketplace.”

 

About Allworth Financial

With its direct and educational approach to advising, Allworth Financial is a full-service independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. With over $10 billion in AUM, Allworth delivers long and short-term investment planning solutions and guidance to help clients achieve their goals and plan strategically for retirement.

About Bastoni Financial Services  

Bastoni Financial Services provides financial planning and investment management for individuals, families, and utility company employees in the Sacramento, California, region.



Sean Harvey
Allworth Financial
5102921910
[email protected]

RevTech Ventures and Equity At Work Announce the Industry’s First Female-Led, Female-Focused Seed Fund for New Retail Concepts and Retail Technology Companies

RevTech Ventures and Equity At Work Announce the Industry’s First Female-Led, Female-Focused Seed Fund for New Retail Concepts and Retail Technology Companies

RevTech Equity for Women, steered by the youngest female fund manager in Texas, will focus on the growing trends in retail to maximize the potential of female-led companies

DALLAS–(BUSINESS WIRE)–RevTech Ventures and Equity At Work today announced the RevTech Equity for Women Fund to enable the next wave of female innovators transforming the retail industry. The new fund is led by the youngest female fund manager in Texas, Rachel West, head of the Seed Stage Investment Team at RevTech Ventures, as well as David Matthews, Managing Director at RevTech Ventures, and Michelle Bogan, CEO and Founder of Equity at Work.

RevTech Ventures is a leading early-stage venture capital firm specializing in brand and technology investments that create the future of retail. Equity At Work consults with companies to create more diverse, inclusive and equitable workplaces.

Traditional retail continues to be upended, and the COVID-19 pandemic has only accelerated that trend, creating opportunities for new retail concepts and technology solutions. RevTech Ventures and Equity At Work are raising this fund to not only capitalize on the recent changes in consumer behaviors and expectations, but also to capture the burgeoning pipeline of female-led entities. According to a recent McKinsey report, Diversity Wins: How Inclusion Matters, “When women are well-represented at the top, companies are 50% more likely to outperform their peers.”

“I am excited for Equity At Work to partner with RevTech Ventures in launching this fund so we can directly support and invest in innovation from women-led startups. Investing in female founders, co-founders and leaders is not only the right thing to do, it makes good business sense,” said Michelle Bogan, founder and CEO, Equity At Work.

“Some of our best performing investments are founded by women; The Citizenry, for example, has been a home run. Unfortunately, systemic issues cause many other female-led startups of this caliber to be overlooked. In working with entrepreneurs through leading SoGal Dallas, I have realized that the first step and biggest barrier is often securing the first VC-backed check. RevTech has a direct opportunity to move the needle, a passion for increasing female representation in the industry, and a focus on delivering superior returns,” said West. “We are uniquely poised to capitalize on the changing landscape of retail – both in diverse representation and technological advancement – and I’m grateful to be a part of the team driving this change. By doubling down on female entrepreneurs, who according to Boston Consulting Group, deliver twice as much revenue per dollar invested than male counterparts, we can generate even higher returns.”

RevTech Ventures attributes the following drivers to its recent successes with female-led companies including The Citizenry and Topl:

  • Mentor network of former Fortune 500 CEOs and startup executives
  • 100+ executive network members made up of current retailers and subject matter experts
  • Exclusive focus on retail concepts and technologies

For more information about this new fund, please contact Rachel West at [email protected].

About RevTech Ventures

Headquartered in Dallas, TX, RevTech Ventures is the leading venture capital firm that invests in technology to help the retail industry adapt in the age of Amazon. RevTech Ventures investments focus in the areas of shopper intelligence, e-commerce acceleration, sustainability tech, supply chain transparency, future of work, and new retailconcepts. For more information, please visit https://revtech.ventures/.

About Equity At Work

Equity At Work helps companies create more diverse, inclusive and equitable workplaces, focusing on opportunities that will have the biggest impact. We start grounded in your numbers, layer in your employees’ experiences and company values, and prepare your leaders to drive change. And we guide you along the journey to achieving those benefits. Through this we help clients understand the importance of all dimensions of diversity in the workplace. For more information, please visit https://equity-at-work.com/.

Catherine Seeds

Ketner Group Communications (for RevTech Ventures)

[email protected]

(512) 794-8876

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Technology Women Finance Other Technology Professional Services Software Consumer Retail Online Retail

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NovaSignal Appoints Former U.S. Surgeon General Dr. Richard Carmona to Board of Advisors

As NovaSignal extends the reach and impact of its solutions worldwide, the company grows its access to deep public health expertise with the appointment of Richard Carmona, the 17th Surgeon General of the United States, to the Board of Advisors

LOS ANGELES, Dec. 08, 2020 (GLOBE NEWSWIRE) — NovaSignal Corp., a medical technology and data company specializing in assessing cerebral blood flow, announced today that Dr. Richard Carmona is joining the Board of Advisors, effective Dec. 8, 2020.

Dr. Carmona served as the 17th Surgeon General of the United States. As Surgeon General, he focused on prevention, preparedness, health disparities, health literacy, and global health. He also issued many landmark Surgeon General communications during his tenure, including the definitive Surgeon General’s Report about the dangers of second-hand smoke.

“We are honored to have to Richard join the NovaSignal Board of Advisors. His career accomplishments – from decorated veteran to trauma surgeon to U.S. Surgeon General – demonstrate Richard’s dedication to societal health and wellbeing. As we extend the reach of our platform to positively impact the over million people in the U.S. disabled by stroke each year, we will benefit tremendously from Richard’s experience and guidance,” said Diane Bryant, Chairman and CEO of NovaSignal.

Dr. Carmona trained in general and vascular surgery and completed a National Institutes of Health-sponsored fellowship in trauma, burns and critical care. He was recruited to start and direct Arizona’s first regional trauma care system and went on to become the chairman of the State of Arizona Southern Regional Emergency Medical System. Dr. Carmona is a distinguished professor of public health and professor of surgery at the University of Arizona. He is also a Fellow of the American College of Surgeons. Dr. Carmona currently serves as chief of health innovations of Canyon Ranch Inc.

Trained as a Special Forces medic and weapons specialist, Dr. Carmona became a combat-decorated Special Forces Vietnam veteran. He has served for over 34 years with the Pima County Sheriff’s Department in Tucson, including as deputy sheriff, detective, SWAT team leader and department surgeon. Dr. Carmona is one of the most highly decorated police officers in Arizona.

“Cerebral vascular diseases, including stroke, are devastating conditions that demand technological advancement for improved outcomes. NovaSignal’s mission to support physicians and nurses in their pursuit of saving lives aligns with my decades of healthcare service,” said Dr. Carmona. “I look forward to engaging with the NovaSignal executive team and contributing to their success.”

A strong supporter of community service, Dr. Carmona has served on community as well as public and private national boards and provided leadership to many diverse organizations. He earned a B.S. and M.D. from the University of California, San Francisco, an M.P.H. with honors from the University of Arizona and was awarded the Gold Headed Cane as the top graduate at University of California, San Francisco School of Medicine.

About NovaSignal

Founded in 2013, NovaSignal Corp. is a medical technology company whose mission is to save lives by unlocking the hidden power of blood flow data. The company’s FDA-cleared NovaGuide Intelligent Ultrasound combines non-invasive ultrasound, robotics, and artificial intelligence to assess real-time cerebral blood flow. Using cloud computing and data analytics, NovaSignal supports physicians in their clinical decision making of diseases identified through cerebral blood flow. This includes strokes, intra-cardiac shunts, and intra-pulmonary shunts (as recently demonstrated with COVID-19-positive patients). To learn more, visit www.novasignal.com.

Media Contacts

Dan Pivirotto, VP, Marketing
NovaSignal Corp.
[email protected]

Theresa Masnik
SHIFT Communications
t[email protected]



NovaSignal Appoints Lynne Doughtie to the Board of Advisors

As NovaSignal extends the reach and impact of its solutions worldwide, the company is adding to its capabilities and expertise with the appointment of Lynne Doughtie, former Chairman and CEO of KPMG LLP, to the Board of Advisors

LOS ANGELES, Dec. 08, 2020 (GLOBE NEWSWIRE) — NovaSignal Corp., a medical technology and data company specializing in assessing cerebral blood flow, announced today that Lynne Doughtie is joining the Board of Advisors, effective Dec. 8, 2020. Doughtie most recently served as Chairman and CEO of KPMG LLP.

The first woman to be elected Chairman and CEO of KPMG LLC, Doughtie was responsible for one of the world’s leading professional services firms providing tax, audit and advisory services to many of the world’s most iconic companies. During her tenure as Chairman and CEO (2015-2020), KPMG experienced strong growth and made significant investments in its people and culture. Lynne held numerous national, regional, and global leadership roles throughout her more than 35 years with the firm, including serving as lead partner for several strategic clients across multiple industries.

“We are very fortunate to have such an accomplished leader join the NovaSignal Board of Advisors. Lynne has advised the world’s most successful enterprises on creating growth while navigating complex business dynamics.  Her experience will be invaluable to NovaSignal as we accelerate our growth,” said Diane Bryant, Chairman and CEO of NovaSignal.

From 2011 to 2015, Doughtie led KPMG’s Advisory practice in the Americas and served as Vice Chair of KPMG’s U.S. Advisory business, establishing it as the firm’s fastest-growing business. In addition, she oversaw the expansion of KPMG’s capabilities in innovative services and solutions, including information security, strategy, digital/mobile, and transformation. Doughtie began her career at KPMG in 1985, in the Audit practice.

In recognition of her professional accomplishments, Doughtie has received numerous accolades including Fortune’s Most Powerful Women, Crain’s New York Business’ 50 Most Powerful Women in New York, Accounting Today’s Top 100 Most Influential People, the National Association of Corporate Directors’ 100 most influential people in the boardroom, and Glassdoor’s list of Top CEOs.

“I am excited to support NovaSignal and the strong team of technology leaders as they drive to end brain disease through cerebral blood flow analysis,” said Doughtie. “I look forward to advising Diane as she leads their business expansion across healthcare institutions worldwide. To work with NovaSignal in achieving industry leadership is a great honor.”

Doughtie also lends her time and expertise to civic and charitable organizations, serving as a board member for both NAF and LUNGevity. She received her Bachelor of Science in accounting from Virginia Tech’s Pamplin College of Business.    

About NovaSignal

Founded in 2013, NovaSignal Corp. is a medical technology company whose mission is to save lives by unlocking the hidden power of blood flow data. The company’s FDA-cleared NovaGuide Intelligent Ultrasound combines non-invasive ultrasound, robotics, and artificial intelligence to assess real-time cerebral blood flow. Using cloud computing and data analytics, NovaSignal supports physicians in their clinical decision making of diseases identified through cerebral blood flow. This includes strokes, intra-cardiac shunts, and intra-pulmonary shunts (as recently demonstrated with COVID-19-positive patients). To learn more, visit www.novasignal.com.

   
Media Contacts

Dan Pivirotto, VP, Marketing
NovaSignal Corp.
[email protected]

Theresa Masnik
SHIFT Communications
t[email protected]



FARO® Zone 3D 2021 Software Released for Optimal Forensic Scene Documentation

Enables Public Safety Professionals to Quickly and Easily Capture and Share Accurate Data

PR Newswire

LAKE MARY, Fla., Dec. 8, 2020 /PRNewswire/ — FARO® Technologies, Inc. (NASDAQ: FARO), a global leader for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced the release of its new FARO Zone 3D 2021 software for crime, crash, fire and security applications. The latest edition of FARO Zone represents a significant software advancement that empowers public safety professionals with even more tools to diagram, document, share and analyze forensic scenes, and create compelling 3D scene reconstructions that bolster courtroom cases whereby jurors can walk through a forensic scene with an exceptional level of realism.

For forensic investigators, FARO Zone 3D 2021 provides the ability to accurately reconstruct any scene with the most complete and accurate documentation available, including factual diagrams, detailed reconstruction analysis and photo-realistic visuals such as grass that grows, multiple light sources and enhanced textures for stone, brick, wood, metal and water. Additional new features include analysis of blood cast off stains, bullet trajectories through multiple surfaces, automatic import of popular crash Event Data Recorder (EDR) data, a 3D roof builder, more than 50 new human models, and a new vehicle models and specifications database.

For FARO® Laser Scanner users, the new FARO Zone 3D 2021 “Advanced” option has all new tools to register scan data into a 3D point cloud and merge point clouds from multiple sources including drones. Once a scene is preserved as a point cloud, it can be used to digitally obtain accurate measurements, analyze the evidence, verify a witness perspective, animate crashes, and more. The Advanced option also creates custom virtual reality scenarios so users can ‘enter’ any scanned scene to take photos and measurements, pick up evidence, and swab for DNA samples, all while completely immersed in VR.

FARO Zone 3D 2021 also features Zone 2go, whereby professionals can create comprehensive presentations with multiple views of the scene, diagrams, reports, photographs, animations, and fly-throughs. The self-running viewer can be exported to a USB flash drive and, since no internet connection is required, it is ideal for jury observation and deliberation.

“For public safety professionals, measuring and documenting a scene is a critical aspect of the job and one that requires total accuracy,” said Janice White, Director of Software Product Marketing at FARO. “We believe that FARO Zone 3D 2021 provides the most comprehensive scene documentation software on the market today, with even more stunning results and compelling visuals than previous versions.”

“Crash reconstruction isn’t about creating Hollywood theatrics; it’s about finding truth through science,” stated Carl Lakowicz, a crash reconstruction expert from Northpoint Collision Consultants who shows jurors the whole picture through the 3D visualizations he creates. “FARO Zone 3D is what I use to show the science of a crash.” 

Among other products, FARO Zone 3D 2021 will debut at the inaugural Public Safety & Forensics Tech Summit, held tomorrow (December 9) starting at 11:00 am ET. This free 24-hour virtual event focuses on how investigators can utilize 3D data capture technology to gain public trust and more accurate scene documentation. The conference will bring together officials from around the globe to discuss the latest developments in 3D scanning technology and how new products are moving the industry toward more transparent, holistic data capture. To register or learn more, visit https://www.psftechsummit.com.

For more information about FARO visit: www.faro.com.     

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SOURCE FARO

Chart-Topping Country Music Stars Lee Brice, Tyler Farr and Pryor & Lee to Perform at Hilton Daytona Beach New Year’s Eve Beach Bash Outdoor Vertical Concert Series

The One Night Event Will Kick Off on December 31, 2020 from 8 p.m. to Midnight

PR Newswire

DAYTONA BEACH, Fla., Dec. 8, 2020 /PRNewswire/ — Chart-Topping country music artists Lee Brice, Tyler Farr and Pryor & Lee announce they will be performing at Hilton Daytona Beach Oceanfront Resort’s New Year’s Eve Beach Bash vertical concert series produced by Vivid Sky Vertical. The first of its kind, the outdoor vertical country concert will allow up to four patrons per room to enjoy the show physically distanced from the safety and comfort of their hotel room balconies with an extensive food and beverage package and overnight oceanfront accommodations included in the ticket price. The concert will kick off at 8 p.m. on December 31, 2020 with openers Pryor & Lee followed by Tyler Farr and will end with headliner Lee Brice to ring in the new year at midnight.

 

“We are thrilled to be working with Vivid Sky Vertical to bring a fresh new event to the Daytona Beach area featuring three national country acts,” said Jim Berkley, General Manager Hilton Daytona Beach Oceanfront Resort. “Our resort will be engaging in Hilton CleanStay protocols creating a safe space for our guests to get together and enjoy a great show with extensive food and beverage options crafted by our award-winning culinary team.”

Tickets for the New Year’s Eve Beach Bash start at $125 per person and are tiered based on line of sight to the stage with VIP sections featuring premium views of the show, alcohol, dining and hotel stay included in the package. Tickets are available for purchase on Eventbrite. For more information about the event, visit the hotel’s website.

The New Year’s Eve Beach Bash is sponsored by Southern Glazers Wine & Spirits, 93.1 Coast Country, Tanger Outlets and Pepsi with a portion of the proceeds benefiting the Boys and Girls Clubs of Volusia/Flagler Counties.



For Boilerplates Click Here

About Lee Brice
For more information, visit Leebrice.com/about.

About Tyler Farr:
For more information, visit Tylerfarr.com.

About Pryor & Lee
For more information, visit Pryorandlee.com/about/.

About Hilton Daytona Beach Oceanfront Resort:
For more information, visit DaytonaHilton.com.

About Vivid Sky Vertical
For more information, visit VividSkyVertical.com.

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SOURCE Hilton Daytona Beach Oceanfront Resort

Synopsys Study Shows Open Source Security Top-of-Mind but Patching Too Slow

Global survey of 1,500 IT professionals finds that 40% of respondents worldwide had delivery schedules disrupted to address open source vulnerabilities

PR Newswire

MOUNTAIN VIEW, Calif., Dec. 8, 2020 /PRNewswire/ — Synopsys, Inc. (Nasdaq: SNPS) today released the report, DevSecOps Practices and Open Source Management in 2020. Produced by the Synopsys Cybersecurity Research Center (CyRC), the report highlights the findings from a survey of 1,500 IT professionals working in cyber security, software development, software engineering, and web development. The report explores the strategies that organizations around the world are using to address open source vulnerability management as well as the growing problem of outdated or abandoned open source components in commercial code.

Open source plays a critical role in today’s software ecosystem. The overwhelming majority of modern codebases contain open source components, with open source often comprising 70% or more of the overall code. Yet paralleling the growth of open source use is the mounting security risk posed by unmanaged open source. In fact, according to the 2020 OSSRA report, 75% of the codebases audited by Synopsys contain open source components with known security vulnerabilities. To combat this situation, respondents to the survey cite identification of known security vulnerabilities as the number one criterion when vetting new open source components.

“It’s clear that unpatched vulnerabilities are a major source of developer pain, and ultimately business risk.” said Tim Mackey, principal security strategist of the Synopsys Cybersecurity Research Center. “The ‘DevSecOps Practices and Open Source Management in 2020’ report highlights how organizations are struggling to effectively track and manage their open source risk.”

“Over half—51%—say it takes two to three weeks for them to apply an open source patch,” Mackey continued. “This is likely tied to the fact that only 38% are using an automated software composition analysis (SCA) tool to identify which open source components are in use and when updates are released. The remaining organizations are probably employing manual processes to manage open source—processes that can slow down development and operations teams, forcing them to play catch-up on security in a climate where, on average, dozens of new security disclosures are published daily.”

Other noteworthy findings in the “DevSecOps Practices and Open Source Management in 2020” report include:

  • DevSecOps is rapidly growing worldwide. A combined 63% of respondents reported that they are incorporating some measure of DevSecOps activities into their software development pipelines.
  • There is no universally adopted application security testing (AST) tool. As the responses to the survey questions indicate, there is no shortage of application security testing tools and techniques. However, even the AST tool with the highest adoption rate is still only utilized by less than half of respondents.
  • The media plays an important role in open source risk management. Forty-six percent of respondents noted that media coverage had prompted their organization to apply more stringent controls on open source usage.
  • Forty-seven percent of respondents are defining standards around the age of open source components they use. A growing issue in the open source community is project sustainability. A 2020 Synopsys study showed that 91% of codebases audited in 2019 contained open source components that either were more than four years out of date or had no development activity in the past two years. Security risks increase when obsolete code is deployed, including the threat of an open source component being hijacked. Such a situation occurred in 2018 when the event-stream component was hijacked to target Bitcoin in Copay accounts.

To learn more, download a copy of the DevSecOps Practices and Open Source Management in 2020 report.

About the Synopsys Software Integrity Group

Synopsys Software Integrity Group helps development teams build secure, high-quality software, minimizing risks while maximizing speed and productivity. Synopsys, a recognized leader in application security, provides static analysis, software composition analysis, and dynamic analysis solutions that enable teams to quickly find and fix vulnerabilities and defects in proprietary code, open source components, and application behavior. With a combination of industry-leading tools, services, and expertise, only Synopsys helps organizations optimize security and quality in DevSecOps and throughout the software development life cycle. Learn more at www.synopsys.com/software.

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

 

Editorial Contact:

Mark Van Elderen

Synopsys, Inc.
650-793-7450
[email protected]

 

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SOURCE Synopsys, Inc.