Market Newsdesk

Absolute Software Named a Leader in the Summer G2 Grid Reports for Endpoint Management and Zero Trust Networking

Marks fourteenth consecutive quarter as highly rated Endpoint Management solution provider and fourth consecutive quarter as leading Zero Trust Networking provider

VANCOUVER, British Columbia & SAN JOSE, Calif.–(BUSINESS WIRE)–Absolute Software™ (Nasdaq: ABST) (TSX: ABST), the only provider of intelligent, self-healing security solutions, today announced that it has been named a Leader in the Summer 2023 Grid® Reports for Endpoint Management and Zero Trust Networking published by G2, the world’s largest and most trusted software marketplace.

This marks the fourteenth consecutive quarter that Absolute Secure Endpoint has ranked in the highest quadrant for Endpoint Management solution, and the fourth consecutive quarter that Absolute Secure Access has been recognized as a leading Zero Trust Networking solution – based on user ratings from verified G2 users and high levels of customer satisfaction. To be named a Market Leader, products must be highly rated by users who have been G2 verified and have substantial market presence scores.

“Hybrid/remote work schedules have added many new risks to users accessing the corporate network remotely; many of these risks are rated high or very high,” says one Absolute Secure Access user. “One way of mitigating the risk is Zero Trust Network Access… Several zero-trust tools are available in the market now; Absolute Secure Access is an attractive choice for customers for its features, simple licensing process and cost-effectiveness.”

Another Absolute Secure Endpoint user shares, “Overall, I would highly recommend Absolute Secure Endpoint to anyone looking for top notch endpoint security software. Their products are excellent, their customer service is outstanding, and they truly care about the security of their customers’ endpoints.”

“To continue to be recognized by our customers as a leading security solution provider and, more importantly, as a trusted partner quarter after quarter is an incredible honor,” said Matt Meanchoff, Chief Customer Officer at Absolute. “Our top priority remains empowering organizations across the globe with the critical, self-healing capabilities needed to strengthen cyber resiliency, and operate confidently and securely in the work-from-anywhere era.”

Embedded in the firmware of more than 600 million devices, Absolute’s patented Persistence® technology provides a permanent digital connection to every endpoint. Absolute Secure Endpoint delivers intelligence into device and application health, enabling IT and security teams to ensure that endpoints remain compliant and mission-critical security controls remain operational. Purpose-built for hybrid and mobile work models, Absolute Secure Access provides resilient network connectivity for users to securely access critical resources in the public cloud, private data centers, and on-premises, and empowers IT teams to adopt a ZTNA security approach while actively improving the end user experience.

Download the full G2 Summer 2023 Grid Report for Endpoint Management here and the Grid Report for Zero Trust Networking here. To see what G2 users have to say about Absolute Secure Endpoint or to leave a review, visit here. To see what G2 users have to say about Absolute Secure Access or to leave a review, visit here.

About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections – helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by nearly 21,000 customers, G2 recognized Absolute as a Leader for the fourteenth consecutive quarter in the Summer 2023 Grid® Report for Endpoint Management and for the fourth consecutive quarter in the Grid Report for Zero Trust Networking.

©2023 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, and NETMOTION are registered trademarks of Absolute Software Corporation or its subsidiaries. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.

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For more information:

Media Relations

Becki Levine

[email protected]

858-524-9443

Investor Relations

Joo-Hun Kim

[email protected]

212-868-6760

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Networks Security Data Management Technology Software

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Redfin Reports U.S. Home Prices Rise For the First Time in Nearly Five Months

Elevated mortgage rates are cutting into homebuyers’ budgets. But this week’s inflation report—which shows that consumer prices are cooling quickly—provides a glimmer of hope that mortgage rates could gradually start to come down.

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — The median U.S. home-sale price rose 1.5% from a year earlier during the four weeks ending July 9, the first increase in nearly five months. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Average weekly mortgage rates are at their highest level since November 2022, bringing the typical homebuyer’s monthly payment to a near-record-high of $2,627.

To look at the hit on affordability another way, a homebuyer on a $3,000 monthly budget can afford a $450,000 home with today’s average rate. That buyer has lost $30,000 in purchasing power since February, when they could have bought a $480,000 home with that month’s average rate of around 6%. The drop is more extreme when compared to a year ago, when a $3,000 monthly budget would have bought a $510,000 home at a rate of about 5.3%.

Prices are rising despite relatively low demand because there are so few homes for sale. New listings are down 27% year over year, the biggest drop since the start of the pandemic, and the total number of homes on the market is down 14%, the biggest drop since March 2022. That’s mostly because potential sellers are locked in by low rates; nearly all homeowners have a rate below 6%.

On the bright side, this week’s economic news provides a glimmer of hope for the housing market. The latest consumer-price index report shows that inflation cooled more than expected in June, largely because it has started reflecting months of cooling housing costs.

“This month’s inflation report is likely to bring mortgage rates down a bit from their recent highs. It shows that the Fed’s interest-rate hikes are working and increases the chance they’ll only hike rates one more time this year,” said Redfin Economic Research Lead Chen Zhao. “Because elevated mortgage rates are responsible for both of today’s major homebuying challenges—high monthly housing payments and low inventory—any decline is welcome news for buyers. But even though rates will come down slightly, they’ll likely remain well above 6% until the Fed sees several more months of inflation readings closer to their target.”

Leading indicators of homebuying activity:

• The daily average 30-year fixed mortgage rate was 6.96% on July 12, down from a half-year high of 7.22% a week earlier. For the week ending July 6, the average 30-year fixed mortgage rate was 6.81%, the highest level since November.

• Mortgage-purchase applications during the week ending July 7 rose 2% from a week earlier, seasonally adjusted. Purchase applications were down 26% from a year earlier.

• The seasonally adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other homebuying services from Redfin agents—was essentially flat from the week earlier and near its highest level since May 2022 during the week ending July 9. It was up 5% from a year earlier, the seventh consecutive annual increase. Demand was dropping at this time in 2022 as mortgage rates fluctuated.

• Google searches for “homes for sale” were up essentially flat from a month earlier during the week ending July 8, and down about 15% from a year earlier.

• Touring activity as of July 9 was up 4% from the start of the year, compared with a 10% decrease at the same time last year, according to home tour technology company ShowingTime. Tours increased slowly during this time last year as mortgage rates shot up.

Key housing market takeaways for 400+ U.S. metro areas:

Unless otherwise noted, this data covers the four-week period ending July 9. Redfin’s weekly housing market data goes back through 2015. For bullets that include metro-level breakdowns, Redfin analyzed the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.

• The median home sale price was $383,750, up 1.5% from a year earlier. That’s the first year-over-year increase since February, and just $2,500 shy of the record high hit in June 2022.

• Sale prices increased most in Milwaukee (13.5% YoY), Providence, RI (9.2%), Miami (7.8%), Cincinnati (6.7%) and Newark, NJ (6.7%).

• Home-sale prices declined in 19 metros, with the biggest drops in Austin, TX (-9% YoY), Detroit (-7.4%), Las Vegas (-6%), Phoenix (-5.5%) and Fort Worth, TX (-5.3%).

• The median asking price of newly listed homes was $393,248, up 1.3% from a year earlier. Asking prices have been increasing for a month.

• The monthly mortgage payment on the median-asking-price home was $2,627 at a 6.81% mortgage rate, the average for the week ending July 6. That’s on par with the record high hit a week earlier, and up 13% ($305) from a year earlier.

• Pending home sales were down 14.8% year over year, continuing a year-plus streak of double-digit declines.

• Pending home sales fell in all but one of the metros Redfin analyzed. They declined most in Cleveland (-34.9% YoY), Newark, NJ (-24.8%), Warren, MI (-24.1%), Milwaukee (-23%) and Cincinnati (-22.5%). They increased 4.6% in Austin.

• New listings of homes for sale fell 26.8% year over year, the biggest decline since May 2020.

• New listings declined in all metros Redfin analyzed. They fell most in Las Vegas (-49% YoY), Phoenix (-41.6%), Cleveland (-39.8%), Providence, RI (-39.1%) and Newark, NJ (-36.9%).

• Active listings (the number of homes listed for sale at any point during the period) dropped 14.4% from a year earlier, the biggest drop since March 2022. Active listings were down slightly from a month earlier; typically, they post month-over-month increases at this time of year.

• Months of supply—a measure of the balance between supply and demand, calculated by the number of months it would take for the current inventory to sell at the current sales pace—was 2.8 months, the highest level in nearly three months. Four to five months of supply is considered balanced, with a lower number indicating seller’s market conditions.

• 30.5% of homes that went under contract had an accepted offer within the first two weeks on the market, on par with the share a year earlier.

• Homes that sold were on the market for a median of 27 days, the shortest span in 10 months. That’s up from 21 days a year earlier.

• 36.8% of homes sold above their final list price, down from 49% a year earlier.

• On average, 5.5% of homes for sale each week had a price drop, down just slightly from 5.7% a year earlier.

• The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, was 100.1%. That’s the second time in nearly a year that the typical home is selling above its asking price, on average. It’s down from 101.5% a year earlier.

To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-home-prices-rise-first-time-five-months

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country’s #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we’ve saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230713277243/en/

Redfin Journalist Services:

Kenneth Applewhaite, 206-588-6863

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Construction & Property REIT

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Service Properties Trust Announces Quarterly Dividend on Common Shares

NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on July 24, 2023 and distributed on or about August 17, 2023.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of March 31, 2023, SVC owned 220 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of March 31, 2023, SVC also owned 765 retail service-focused net lease properties totaling over 13.3 million square feet throughout United States. SVC is managed by The RMR Group (Nasdaq: RMR), an alternative asset management company with over $37 billion in assets under management as of March 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC’s control.

For example, this press release states that SVC’s regular quarterly cash distribution rate is $0.20/share per quarter or $0.80/share per year. A possible implication of this statement is that SVC will continue to pay quarterly distributions of $0.20/share per quarter or $0.80/share per year in the future. SVC’s distribution rate may be set and reset from time to time by SVC’s Board of Trustees. SVC’s Board of Trustees considers many factors when setting or resetting SVC’s distribution rate, including SVC’s funds from operations and normalized funds from operations, requirements to maintain SVC’s qualification for taxation as a REIT, limitations in SVC’s debt agreements, the availability to SVC of debt and equity capital, SVC’s dividend yield and its dividend yield compared to the dividend yields of other REITs, SVC’s expectation of its future capital requirements and operating performance and SVC’s expected needs for and availability of cash to pay its obligations. Accordingly, future distributions to SVC’s shareholders may be increased or decreased and SVC cannot be sure as to the rate at which future distributions will be paid.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230712913336/en/

Stephen Colbert, Director, Investor Relations

(617) 796-8232

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: REIT Lodging Commercial Building & Real Estate Construction & Property Travel

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Office Properties Income Trust Announces Quarterly Dividend on Common Shares

NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.25 per common share ($1.00 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on July 24, 2023 and distributed on or about August 17, 2023.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of March 31, 2023, approximately 63% of OPI’s revenues were from investment grade rated tenants. OPI owned and leased 157 properties as of March 31, 2023, with approximately 20.9 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit opireit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon OPI’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond OPI’s control.

For example, this press release states that OPI’s regular quarterly cash distribution rate is $0.25 per share per quarter or $1.00 per share per year. A possible implication of this statement is that OPI will continue to pay quarterly distributions of $0.25 per share per quarter or $1.00 per share per year in the future. OPI’s distribution rate may be set and reset from time to time by OPI’s Board of Trustees. OPI’s Board of Trustees considers many factors when setting or resetting OPI’s distribution rate, including OPI’s historical and projected income, normalized funds from operations, cash available for distribution, the then current and expected needs and availability of cash to pay OPI’s obligations and fund its investments, distributions which may be required to be paid to maintain OPI’s qualification for taxation as a REIT and other factors deemed relevant by OPI’s Board of Trustees. Accordingly, future distributions to OPI’s shareholders may be increased or decreased and OPI cannot be sure as to the rate at which future distributions will be paid.

You should not place undue reliance upon forward-looking statements.

Except as required by law, OPI does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

<sup>A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.</sup>

View source version on businesswire.com: https://www.businesswire.com/news/home/20230712778146/en/

Kevin Barry, Director, Investor Relations

(617) 219-1410

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT

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PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2023 Results

Will Also Host Live Question & Answer Session

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–
PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2023 in a news release to be issued after the market close on Thursday, July 27, 2023. The release will be available online at pfsi.pennymac.com.

The Company’s executives will review the results in a recorded presentation. The recording and accompanying materials will be available on the Company’s website concurrently with the news release.

Additionally, the Company will host a live question and answer (Q&A) session the same day at 5:00 p.m. Eastern Time. An audio webcast of the Q&A session will be available at pfsi.pennymac.com and a replay of the event will be available shortly after its conclusion.

Individuals who are unable to access the website but would like to receive a copy of the materials should contact the Company’s Investor Relations department at 818.224.7028.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs over 4,000 people across the country. For the twelve months ended March 31, 2023, PennyMac Financial’s production of newly originated loans totaled $98 billion in unpaid principal balance, making it the second largest mortgage lender in the nation. As of March 31, 2023, PennyMac Financial serviced loans totaling $564 billion in unpaid principal balance, making it a top five mortgage servicer in the nation. Additional information about PennyMac Financial Services, Inc. is available at pfsi.pennymac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230712434566/en/

Media

Kristyn Clark

[email protected]

805.395.9943

Investors

Kevin Chamberlain

Isaac Garden

[email protected]

818.224.7028

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Residential Building & Real Estate Commercial Building & Real Estate Finance Construction & Property REIT

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After Stopping SmokeScreen, DoubleVerify and Roku to Continue Joint Investigations into Ad Fraud Schemes in Streaming

Following the success in curbing SmokeScreen, the two companies will continue to collaborate to protect ad investments in the rapidly growing CTV space

NEW YORK–(BUSINESS WIRE)–DoubleVerify (“DV”) (NYSE: DV), a leading software platform for digital media measurement, data and analytics, and Roku, Inc. (NASDAQ: ROKU), today announced that the companies will continue to collaborate and conduct investigations into emerging ad fraud schemes within the TV streaming industry. This initiative follows the significant success in working jointly to neutralize SmokeScreen, a sophisticated ad fraud scheme that targeted connected TV (CTV) devices.

As ad investments in CTV continue to rise, DV and Roku recognize the necessity for vigilant monitoring and prompt action to counteract evolving ad fraud schemes. Through their joint investigations, the companies aim to identify and curb new fraud schemes, preserving advertiser confidence and further securing the integrity of the CTV advertising ecosystem.

Leveraging Roku’s proprietary Advertising Watermark technology and DV’s cutting-edge Fraud Lab and anti-fraud solutions, the joint investigations will efficiently identify and mitigate fraudulent activities. Moreover, DV and Roku will be sharing technological resources to augment the impact and scope of their joint efforts.

“Combating ad fraud demands collective action and innovation,” said Mark Zagorski, CEO, DoubleVerify. “Our successful partnership with Roku on SmokeScreen was just the beginning. As we move forward, our combined data and technology resources will empower us to identify and address emerging threats, safeguarding advertisers’ investments in the rapidly growing CTV landscape.”

“Our Advertising Watermark technology is instrumental in combating device and app spoofing,” said Adam Markey, Director of Product Management, Ad Platform at Roku. “Our partnership with DV enhances our collective capabilities to secure the TV streaming advertising ecosystem. Together, we are committed to ensuring transparency, accountability, and confidence for advertisers and partners.”

The joint efforts of DV and Roku are vital in addressing the dynamic challenges posed by ad fraud schemes that exploit the complexities of the CTV advertising ecosystem. The partnership will focus on continuous monitoring, analysis and collaboration to respond to new threats, ensuring that advertisers can trust in the integrity of their CTV ad placements.

This joint commitment to investigating and mitigating fraud in the ecosystem is just one aspect of DV’s partnership with Roku. DV and Roku have a longstanding relationship whereby DV provides quality insights more broadly, including viewability and invalid traffic. DV solutions are also integrated with Roku’s OneView platform, and the two companies plan to expand that solution to DV’s full suite of quality and performance solutions.

For more information on DV and Roku’s joint investigation into SmokeScreen, click here.

About DoubleVerify

DoubleVerify (“DV”) (NYSE: DV) is a leading software platform for digital media measurement and analytics. Our mission is to make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. Hundreds of Fortune 500 advertisers employ our unbiased data and analytics to drive campaign quality and effectiveness, and to maximize return on their digital advertising investments – globally. Learn more at www.doubleverify.com.

About Roku, Inc.

Roku pioneered streaming on TV. We connect users to the content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV™ models, Roku streaming players, and TV-related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands. Roku-branded TVs and Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom. Roku is headquartered in San Jose, Calif., U.S.A.

This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to the timing, availability, and benefits of the DV and Roku partnership; trends related to advertising and ad fraud schemes; and the connected TV landscape. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports DV files with the Securities and Exchange Commission, including Roku’s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and DV’s Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023. Copies of reports filed with the SEC are posted on Roku’s and DV’s websites and are available from Roku and DV without charge.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230713144021/en/

Press:

Chris Harihar, [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Software Media Online Entertainment Professional Services Consumer Electronics Apps/Applications Technology Security Data Analytics TV and Radio Advertising Communications

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Posted on July 13, 2023 9:56 am

FICO Awarded 9 New Patents Used in FICO Platform and Fraud Solutions that Utilize Sophisticated AI to Improve Decision Accuracy

FICO Awarded 9 New Patents Used in FICO Platform and Fraud Solutions that Utilize Sophisticated AI to Improve Decision Accuracy

Latest patents demonstrate innovations in artificial intelligence and machine learning technology used to hyper-personalize customer experiences

BOZEMAN, Mont.–(BUSINESS WIRE)–FICO (NYSE: FICO):

Highlights:

• FICO continues to drive unique industry specific innovation in machine learning and technology innovations to successfully operationalize AI at scale.

• FICO’s current patent portfolio consists of 218 active patents, with an additional 71 patent applications filed and pending.

Global analytics software firm FICO has been granted 9 patents, 3 foreign and 6 U.S., related to digital decisioning in the areas of fraud, artificial intelligence (AI), and machine learning technology. FICO’s extensive industry expertise in building AI and machine learning models provides value to enterprises that adopt FICO^® Platform and other FICO solutions.

“Patents are a product of industry inspired innovation, and we continue to develop tremendous IP in AI, machine learning, and decision management,” said Scott Zoldi, chief analytics officer at FICO. “FICO solutions deliver real-time decisions for businesses worldwide. The power of better decisions and hyper-personalized customer experiences, as exemplified by FICO Platform, is being driven by new AI technologies responding to ever-changing industry demands.”

FICO’s new patents include:

• “Soft Segmentation Based Rules Optimization for Zero Detection Loss False Positive Reduction” – which covers rules-based financial crime detection for detecting money laundering and fraud while reducing false positive detections. The techniques include the use of topic models to determine semantic structures underlying transactions and the derivation of behavior archetypes based on those structures, with the result being the reduction of false positives while preserving the same true positive detection set.

• “Mobile Attribute Time-Series Profiling Analytics” – which claims a means to assess the likelihood that a transaction is abnormal based on a behavioral pattern of a mobile device. The behaviors associated with the device improve fraud detection for transactions that do not occur on the mobile device. This patent has been validated in the UK, France, and Germany and used in FICO^® Falcon^® Fraud Manager, FICO^® Fraud Predictor with Merchant Profiles, and FICO^® Platform.

• “Latent Feature Dimensionality Bounds for Robust Machine Learning on High Dimensional Datasets” – which describes a method to identify the number of optimal hidden nodes in a neural network model, leading to the development of more robust and stable machine learning models at the core of responsible AI. This patent is used in FICO^® Platform.

• “Assessing the Presence of Selective Omission via Collaborative Counterfactual Interventions” – which addresses a critical challenge in operationalizing models in open data environments, where lenders and users of models need to understand the likelihood that the customer is omitting key data that impact outcomes. This patent is used in FICO’s Open Banking Analytic models.

• “Workflow Templates for Configuration Packages” – which claims a process to allow a decision service to generate decision data based on user-generated input, a collection of configurations, and a decision flow template, leading to a configured software solution. This patent is used in FICO^® Strategy Director.

• “Meaningfully Explaining Black-Box Machine Learning Models” – which covers a means for providing insights into the efficacy and understandability of black-box machine learning models. This patent is used in FICO^® Platform – Analytics Workbench™.

• “Efficient Parallelized Computation of Global Behavioral Profiles in Real-time Transaction Scoring Systems” – which describes a computer-implemented, real-time transaction scoring system for rank-ordering transactions associated with suspicious activity, such as financial crime or a cybersecurity threat. This patent is used in FICO^® Falcon^® Fraud Manager, FICO^® Fraud Predictor with Merchant Profiles, and FICO^® Platform.

To date, FICO’s patent portfolio consists of 218 active patents, with an additional 71 patent applications filed and pending approval.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in nearly 120 countries do everything from protecting 2.6 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO^® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.

Learn more at https://www.fico.com/en.

Join the conversation at https://twitter.com/fico & https://www.fico.com/blogs/.

For FICO news and media resources, visit https://www.fico.com/en/newsroom.

FICO, Falcon, and Analytics Workbench are trademarks or registered trademarks of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230713550386/en/

Media

Julie Huang

[email protected]

KEYWORDS: United States North America Montana

INDUSTRY KEYWORDS: Personal Finance Technology Payments Finance Fintech Banking Professional Services Software Data Analytics Artificial Intelligence

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Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares

NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on July 24, 2023 and distributed on or about August 17, 2023.

About Diversified Healthcare Trust:

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of March 31, 2023, DHC’s approximately $7.1 billion portfolio included 376 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 9 million square feet of life science and medical office properties and more than 27,000 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA. For more information, visit www.dhcreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon DHC’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond DHC’s control.

For example, this press release states that DHC’s regular quarterly cash distribution rate is $0.01/share per quarter or $0.04/share per year. A possible implication of this statement is that DHC will continue to pay quarterly distributions of $0.01/share per quarter or $0.04/share per year in the future. DHC’s distribution rate may be set and reset from time to time by DHC’s Board of Trustees. DHC’s Board of Trustees considers many factors when setting or resetting DHC’s distribution rate, including DHC’s historical and projected net income, normalized funds from operations, requirements to maintain DHC’s qualification for taxation as a REIT, limitations in DHC’s debt agreements, the availability to DHC of debt and equity capital, DHC’s expectation of its future capital requirements and operating performance, DHC’s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by DHC’s Board of Trustees in its discretion. Further, DHC’s projected cash available for distribution may change and may vary from its expectations. Accordingly, future distributions to DHC’s shareholders may be increased or decreased and DHC cannot be sure as to the rate at which future distributions will be paid.

You should not place undue reliance upon forward-looking statements.

Except as required by law, DHC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230712479685/en/

Melissa McCarthy, Manager, Investor Relations

(617) 796-8234

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Construction & Property Health REIT Other Health

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