Market Newsdesk

CHARLOTTE, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that father and son financial advisors John and Evan McCoy of Integrity Financial Services have joined LPL Financial’s broker-dealer and corporate RIA platforms, leveraging LPL as custodian. The team reported having served approximately $150 million in brokerage, advisory and retirement plan assets*. They join LPL from Securities America, part of the Advisor Group network of broker-dealers.

With more than 30 years industry experience, John McCoy joined Integrity Financial Services in Lancaster, Penn., about 10 years ago with a partner advisor, who retired last year. After graduating from the University of Pittsburgh and gaining industry experience working at an accounting firm, Evan joined his father’s business in 2018. His addition to the firm helps ensure they can provide continuous care for multiple generations of clients for years to come. The advisors receive office and client services support from Susan Turman and Kris Martin.

“It’s very rewarding to work together and take a team approach to helping our clients establish financial goals, prepare for retirement and work toward meeting their investment objectives,” John said. “I trust my son completely, and we’ve found that we each bring different strengths to our firm.”

Looking to enhance their digital capabilities and service experiences, the team chose to move to LPL Financial. “We’ve found ClientWorks to be smooth and intuitive, and we’ve already seen a large reduction in forms and paperwork,” Evan said. “The time it takes to open an account has been drastically reduced for our team, freeing up more time to focus on our clients. Also, we believe the enhanced back office support we get from LPL will help us build on some of our services as we continue to grow.” The team also said they appreciate the advantages of LPL’s self-clearing capabilities.

Rich Steinmeier, LPL Financial managing director and divisional president, Business Development, said, “We welcome John and Evan to the LPL family and are proud to serve as their partner as they grow their business and reach new generations of clients. Independent advisors are looking for quality, and we are able to provide them with enhanced service experiences, robust resources and innovative capabilities designed to help advisors differentiate their practices, build long-term relationships with clients and win in their markets. We look forward to supporting Integrity Financial Services for many years to come.”

Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com.

Advisors, find an LPL business development representative near you.

About LPL Financial

LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market, the nation’s largest independent broker-dealer** and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.

**Based on total revenues, Financial Planning magazine June 1996-2020.

Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC. 

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Integrity Financial Services and LPL Financial are separate entities.

Connect with Us!

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https://www.facebook.com/LPLFinancialLLC

https://www.youtube.com/user/lplfinancialllc

Media Contact:


Lauren Hoyt-Williams
(980) 321-1232
[email protected]

PALO ALTO, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) — CyCognito, the leader in attack surface protection and digital risk protection, today announced that Michael Trites and Ansh Patnaik have joined the leadership team to lead sales and product development, respectively, and equip more organizations with the ability to uncover shadow risk across their extended IT ecosystem, including their supply chain.

Trites’s track record of bringing disruptive technology products to market spans nearly 30 years leading successful teams across sales, field engineering and channels. Prior to joining CyCognito he was the Executive Vice President of Sales at BigID, Vice President of Sales, Americas at Zimperium and has held numerous sales management positions at leading technology companies including Riverbed, NitroSecurity, and Enterasys Networks (formerly Cabletron Systems).

“I’m very excited to join the CyCognito team to help organizations more fully address previously unknown attack surface risks and exposed systems and assets. From Fortune 500 corporations on down, it’s clear that organizations realize these are now essential capabilities. Still, the vast majority have largely manual processes and point solutions in place that simply don’t address assets that are unknown, forgotten or under third-party control, nor do existing approaches scale from an OPEX perspective.”

Patnaik is a cloud security product leader who was most recently Director, Cloud Security Products for Google Cloud Platform, and Chief Product Officer for Chronicle, prior to the acquisition of Chronicle by Google. Previously, he was VP of Product Management at Oracle where he defined and launched their Security Analytics Cloud service. Over the last 20 years, Ansh has held product management, marketing and sales engineering roles at cybersecurity and data management market leaders including Delphix, ArcSight (acquired by HP), and BindView (acquired by Symantec).

“CyCognito has assembled a world class research and development organization to execute on the vision of giving security teams a continuous advantage over attackers who are increasingly focused on the paths of least resistance in organizations’ attack surfaces. I’m honored to be an integral part of the team, forging new territory, and building on CyCognito’s already stellar offering,” Patnaik observed. “This is a fantastic opportunity to create and lead an entirely new security product category, and bring to market a series of products that protects companies from shadow risk.”

“I’m thrilled to welcome Mike and Ansh to the CyCognito leadership team and look forward to working closely alongside both,” said Rob Gurzeev, CEO and co-founder of CyCognito. “The coming year will be one of pivotal growth for CyCognito across our product offerings and the business as a whole. Awareness has increased dramatically around the need to understand and manage an organization’s attack surface, driven in-part this past year by accelerated digital transformation initiatives, work-from-home rollouts and, in recent weeks, supply chain attacks. This is the right time to invest in and scale up our executive team with these two proven professionals.”

About CyCognito

CyCognito solves one of the most fundamental business problems in cybersecurity: seeing how attackers view your organization, where they are most likely to break in, what systems and assets are at risk and how you can eliminate the exposure. Founded by national intelligence agency veterans, CyCognito has a deep understanding of how attackers exploit blind spots and a path of least resistance. The Palo Alto-based company is funded by leading Silicon Valley venture capitalists, and its mission is to help organizations protect themselves from even the most sophisticated attackers. It does this with a category-defining, transformative platform that automates offensive cybersecurity operations to provide reconnaissance capabilities superior to those of attackers.

Media Contact:
Raphael Reich
[email protected]

Designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathematics, the application process is now open through March 5, 2021

BEDFORD, Mass., Jan. 12, 2021 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that applications are open for the 2021 Progress Software Mary Székely Scholarship for Women in STEM. Now in its second year, the scholarship was created to honor the late Mary Székely (pronounced: “See-kay”), Progress co-founder and lead software engineer for more than 30 years. Details about the scholarship can be viewed here.

This scholarship is a four-year renewable scholarship of $10,000 annually to cover tuition, fees and educational expenses. Eligible candidates are women, or those who identify as women, who reside in Massachusetts and who are pursuing an undergraduate degree in computer science, computer information systems, software engineering, and/or IT. The application process for the 2021-22 academic year is now underway and is administered by The Philanthropic Initiative, an affiliate of The Boston Foundation.

“Forward-thinking businesses understand that diversity introduces new perspectives, enabling us to better solve the complex problems of the future. At Progress, we understand that building better technology tomorrow starts with investing in young people who are advancing the future of STEM today,” said Yogesh Gupta, CEO, Progress. “Mary was such an inspiration for women in technology. We hope this scholarship will encourage more women to pursue their studies and eliminate the gender gap of women in STEM.”

Mary Székely led development efforts at Progress for its core technology platform, Progress® OpenEdge®, for more than 30 years, from 1982 to 2013. She was a trailblazer at a time when women pursuing careers in STEM fields were rare. In addition to developing the product that would continue to drive Progress’ success, to this day, Mary had a love for math and science and was dedicated to expanding opportunities for anyone interested in the computer science field through mentorship and education.

Scholarship recipients will be chosen based on academic achievement; interest and experience in computer science, computer information systems, software engineering, and/or IT; and personal attributes that exemplify Mary Székely’s qualities. The 2020 Mary Székely Scholarship for Women in STEM was awarded to Kaya Dorogi, who is currently studying computer science at Columbia University. Kaya was selected for the scholarship because she has demonstrated outstanding academic achievement, a truly entrepreneurial spirit, and because she exemplifies the qualities Mary carried with her throughout her life. Read more about her story here.

Completed applications are due March 5, 2021 by 5:00pm ET. The selected recipient will be notified in the spring and a public announcement will follow in June.

For more information, please go to https://www.progress.com/social-responsibility/mary-szekely-women-in-stem-scholarship. To submit an application, click here.

Additional Resources

• Follow Progress on Twitter, Facebook and LinkedIn
• Read the Progress blog

About Progress

Progress (NASDAQ: PRGS) provides the best products to develop, deploy and manage high-impact business applications. Our comprehensive product stack is designed to make technology teams more productive and we have a deep commitment to the developer community, both open source and commercial alike. With Progress, organizations can accelerate the creation and delivery of strategic business applications, automate the process by which apps are configured, deployed and scaled, and make critical data and content more accessible and secure—leading to competitive differentiation and business success. Over 1,700 independent software vendors, 100,000+ enterprise customers, and a three-million-strong developer community rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473. 

Progress and OpenEdge are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contacts:

Kim Baker
Progress
+1 781-280-4000
[email protected]

BROOKLYN, N.Y., Jan. 12, 2021 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime” or “its”), the parent company of Dime Community Bank (the “Bank”), announced today a status update on loan deferrals within its portfolio. The Company is seeing positive trends as loans continue to exit deferment.

As of December 31, 2020, Principal and Interest (“P&I”) deferrals decreased to $37.1 million or 0.7% of the total loan portfolio. An additional 3.4% of our portfolio is comprised of loans that are paying full interest and escrow, and only deferring principal payments.

Mr. Kenneth J. Mahon, Chief Executive Officer (“CEO”) of the Company, commented, “We are encouraged by the positive trends we are seeing in our loan portfolio. The decrease in our deferrals is a result of our ability to work closely with our borrowers towards reasonable resolutions.”

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.62 billion in consolidated assets as of September 30, 2020. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has 28 retail branches located throughout Brooklyn, Queens, the Bronx, Nassau and Suffolk Counties, New York. More information on the Company and the Bank can be found on Dime’s website at www.dime.com.

Contact: Avinash Reddy

Senior Executive Vice President – Chief Financial Officer

718-782-6200 extension 5909

EDINBURG, Va., Jan. 12, 2021 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) is a leading provider of fiber-optic services in the Mid-Atlantic region, connecting cities, communities and businesses to each other and the rest of the world. The company announced today that they have achieved MEF 3.0 certification, an internationally recognized certification for Ethernet network services. Shentel is now one of just 31 service providers in the world with this certification.

MEF is a non-profit industry forum of network, cloud, and technology providers that develops standards and certifications to empower growth in enterprise digital infrastructure and technology. “The MEF 3.0 Carrier Ethernet Certified Service Provider certification is a validation of network performance. It sets Shentel apart from its competitors by providing higher-valued services that are capable of meeting a customer’s unique service demands,” said Harris Duncan, Vice President of Engineering and Construction at Shentel.

Nan Chen, MEF President, says that achieving MEF 3.0 certification is a reason to celebrate. She explains, “The large number of MEF 3.0 certifications celebrated today represents a key milestone on our journey to develop a global federation of dynamic, trusted and certified services that power enterprise digital transformation. I wish to congratulate each service provider for achieving MEF 3.0 certification and demonstrating their commitment to delivering innovative solutions with compelling value for customers.”

“Shentel is proud to have achieved this stringent level of certification that will benefit both our Enterprise and Carrier clients,” said Craig Venable, Vice President of Commercial Sales, Shentel Business. “Our commercial team looks forward to continuing to provide carrier-grade Ethernet services to meet the ever-growing digital demands from businesses across the rural markets we serve.”

Shentel’s corporate mission is to provide rural communities the same advanced communications technologies and services as those found in larger metropolitan areas. In keeping with this commitment, Shentel Business provides the most advanced data and communications solutions to organizations of all sizes in underserved markets in the Mid-Atlantic region, specializing in delivering robust, sophisticated and scalable connectivity solutions.

To learn more about Shentel’s MEF 3.0 certification or find out if your multi-location business can benefit from new carrier-grade Ethernet connectivity, visit https://shentelbusiness.com/.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company (Shentel) provides a broad range of diversified communications services through its high speed, state-of-the-art wireless, cable and fiber optic networks to customers in the Mid-Atlantic United States. The Company’s services include: wireless voice and data; broadband internet, video, and digital voice; fiber optic Ethernet, wavelength and leasing; telephone voice and digital subscriber line; and tower colocation leasing. Shentel is the exclusive personal communications service (“PCS”) Affiliate of Sprint in a multi-state area covering large portions of central and western Virginia, south-central Pennsylvania, West Virginia, and portions of Maryland, Kentucky, and Ohio. For more information, please visit www.shentel.com.

About MEF

An industry association of 200 member companies, MEF is driving development of a global federation of dynamic, trusted, and certified services that power enterprise digital transformation. MEF 3.0 services are designed to provide an on-demand, cloud-centric experience with user- and application-directed control over network resources and service capabilities. MEF 3.0 services are delivered over automated, virtualized, and interconnected networks powered by LSO, SDN, and NFV. MEF produces service standards, LSO frameworks, LSO APIs, MEF 3.0 Proof of Concept Showcases, and certification programs for services, technologies, and professionals. MEF 3.0 work will enable automated delivery of standardized Carrier Ethernet, Optical Transport, IP, SD-WAN, SD-WAN Security, and other Layer 4-7 services across multiple provider networks. For more information: https://www.MEF.net and follow us on LinkedIn and Twitter @MEF_Forum.

Media Contact:

Angela Washington, Shentel
540-984-5117
[email protected]

With more people working from home than ever, data privacy and governance may become increasingly complex

MILPITAS, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) — ZL Tech, the leading technology provider for information governance and privacy compliance, has announced the results of a study investigating how technology use behaviors are affected by work-from-home policies. Surveying 1,000 remote workers across the United States, ZL Tech was interested in how remote employees and employers treated their personal data.

The study revealed that a staggering 84% of respondents noticed their work and personal lives overlapping since the pandemic began, exemplifying the difficulties among remote workers to adjust to this new work environment. ZL Tech’s study also showed that this overlap not only extended to difficulties drawing the line between when their workdays begin and end, but also to the use of work devices for personal matters, opinions on the use of personal data, and familiarity with company policies.

• 79% used their work devices for personal matters
• 71% stored personal data on work devices
• 55% felt that their employer had their best interests in mind when accessing and managing employee data
• 50% were not well-versed in their company’s privacy and data management policies

These findings may cause concern for privacy stakeholders, as personal use of professional devices can complicate governance initiatives and compliance with emerging privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Each of these regulations requires organizations to identify and remediate personal information, wherever it lies, representing a technology challenge that many companies have yet to address.

The findings also suggest a lack of certainty among employees with regard to their organization’s privacy policies—or perhaps a lack of clarity on behalf of the employer.

An industry-leading privacy solution, ZL Tech enables organizations to identify, tag, and remediate personal data in documents stored in sources such as file shares and emails. ZL Tech’s Privacy Solutions leverage pattern recognition technology to find documents containing personal information, thereby allowing users to search, review, and remediate documents in compliance with privacy regulations.

Please click here for more information about ZL Tech.

About ZL Technologies, Inc.

ZL Tech’s centralized information governance platform enables organizations to manage all enterprise content and satisfy corporate needs for data privacy, file analytics, eDiscovery, records management, compliance, and privacy. ZL Tech’s unique differentiator is its unified architecture that consolidates all applications and billions of documents under one platform, thus eliminating today’s fractured data silos. A Gartner Leader backed by Microsoft Azure with a proven track record of serving Fortune 500 customers, ZL Tech is the leader in harnessing big data for strategic advantage. For more information, please visit www.zlti.com.

Media Contact



Cori Kendrick
PAN Communications
[email protected]
617-502-4330 

ATLANTA, Jan. 12, 2021 (GLOBE NEWSWIRE) — Atlantic Capital Bancshares, Inc. (Nasdaq: ACBI) announces today that it will release fourth quarter financial results on Thursday, January 21, 2021 after the stock market closes.  The Company will hold a conference call at 1:00 p.m. ET on Friday, January 22, 2021 to discuss its financial results, highlights and outlook. 

For access to the call, dial 1-833-685-0902. For international participants, dial 1-412-317-5737. The call will also be webcast and can be accessed in the Investor Relations section of Atlantic Capital’s website at www.atlanticcapitalbank.com or by clicking here: https://services.choruscall.com/links/acbi210122.html.

About Atlantic Capital

Atlantic Capital Bancshares, Inc. (ACBI), with assets of $2.9 billion, is a publicly-traded bank holding company headquartered in Atlanta, Georgia. Atlantic Capital is a 2019 and 2020 Best Places to Work and Best Banks to Work For recipient. Atlantic Capital offers commercial and not-for-profit banking services, specialty corporate financial services, private banking services and commercial real estate finance solutions to privately held companies and individuals in the Atlanta area, as well as specialized financial services for select clients nationally.

Investor Relations:

Patrick T. Oakes
Executive Vice President
Chief Financial Officer
Email: [email protected] 
Phone: 404.995.6050

Corporate Communications:

Ashley C. Carson
Executive Vice President
Business and Not-for-Profit Banking, Corporate and Community Affairs
Email: [email protected] 
Phone: 404.995.6050

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) — Pico, a leading provider of technology services for the global financial markets community, has attained Google Cloud Platform (GCP), Certified Partner status. For firms seeking to tap the public cloud for greater business agility and innovation, this represents a trusted symbol of Pico’s strong technical acumen for hosting their infrastructure in this environment.

Pico completed a rigorous technical assessment for its GCP certification, demonstrating both a thorough understanding of cloud architecture and the GCP. Further, Pico teams attained Google’s Professional Cloud Architect certification for this process.

As the technology partner providing blockchain and payments infrastructure for one of the largest interbank payment innovation initiatives, Pico has demonstrated its private and hybrid cloud credentials through delivering the network’s rapid global buildout. Adding the ability to provide connectivity and services to the Google Cloud Platform will be instrumental in scaling globally.   Pico has also fortified its cloud offering with the de facto standard in container management Kubernetes, while Pico’s Site Reliability Engineering (SRE) team now provides blockchain application support.

Pico’s Infrastructure-as-a-Service supports the growing number of clients requiring the on-demand agility and flexibility of public cloud for experimentation and development activities such as blockchain, scaling artificial intelligence developments, back and middle office tasks, tick databases or workloads that require elastic computing. Pico already provides private cloud services in 44 of the world’s financial services data centers where it operates, offering connectivity via its globally comprehensive proprietary financial services network, PicoNet™. Its fully managed, secure and integrated hybrid-cloud capabilities will now support firms seeking to extend on-prem hosted services to the Google Cloud.

The collaboration with Google will also enable opportunities to leverage Google Cloud AI tools to bring new functionalities to Pico’s AI-powered, real-time business and performance solution Corvil Analytics. Possibilities include assisting Quants and Engineers to understand how plant and counterparty performance impacts trading outcomes with insights that go beyond correlation to answering “why” something is happening for improved optimization and planning. Or, enhancing accessibility for infrequent and executive users, with a natural language speech interface for responding to business intelligence questions.

“Joining the Google Cloud partner program affirms our commitment to supporting our clients to enhance their capabilities and increase efficiency through hybrid cloud adoption. We continue to invest in our cloud expertise and in extending the breadth of our AI-powered analytics so clients can unlock more value from their cloud deployments

,” said Donal Byrne, Chief Technology Officer at Pico. “The combination of Google’s cutting-edge technology and Pico’s fast, reliable and scalable connectivity and specialist financial markets cloud expertise, will ensure seamless integration for clients seeking a cloud advantage.”

Utilizing its cloud and automation expertise, Pico can provide a secure and automated Infrastructure-as-a-Service with a range of capabilities including elastic compute, storage, database and serverless functions, hosted in Google Cloud with multiple connectivity options from the world’s most important financial data centers. This enables clients to quickly leverage the benefits of cloud globally alongside co-located trading services.

About Pico
Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.

To learn more about Pico, please visit pico.net.

Media Contact

Pico Press Office:
Isabel Dalton
[email protected]
+353 1 859 1040

DEERFIELD, Ill., Jan. 12, 2021 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc. (Nasdaq: SRGA), a global pure-play spine company focused on advancing spine surgery including through the application of digital technologies to improve patient outcomes, today announced the commercial launch and the completion of the first surgery of ViBone Moldable in the US. The first implantation was completed by Dr. Adam Crowl, at OrthoVirgina in Midlothian, VA. ViBone Moldable is the newest orthobiologics solution of Surgalign’s bone graft portfolio to support spinal fusion, which currently include ViBone and other advanced bone graft solutions.

More about ViBone Moldable

ViBone Moldable, provided by Aziyo Biologics, Inc. (Nasdaq: AZYO) is a next-generation viable cell bone matrix processed using a proprietary method optimized to protect and preserve the health of native bone cells to potentially enhance new bone formation. It contains cancellous bone particles as well as demineralized cortical bone fibers and particles, delivering the necessary components for bone formation along with excellent handling and cohesive properties. “The moldable and cohesive handling properties of ViBone Moldable are excellent,” said Dr. Crowl and added, “with this, I am able to pack the disc space more densely compared to the other available bone graft options which increases my confidence that the interbody space is well packed and primed for fusion.”

“We are excited about the commercial launch and the first clinical use of ViBone Moldable,” said Terry Rich, President and Chief Executive Officer of Surgalign Holdings. “With this addition we have strengthened Surgalign’s biologics portfolio to better serve our surgeon customers and patients. As we introduce new, advanced biologic products to our portfolio, we are well positioned to grow our business and provide better procedurally integrated products in each operating room.”

About Surgalign Holdings, Inc.

Surgalign Holdings, Inc. is a global medical technology company advancing the science of spine care, focused on delivering innovative solutions that drive superior clinical and economic outcomes. The company is building off a legacy of high quality and differentiated products, and continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient’s lives.  Surgalign markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors.  Surgalign, a member of AdvaMed, is headquartered in Deerfield, IL, with commercial, innovation and design centers in San Diego, CA, Marquette, MI, and Wurmlingen, Germany. Learn more at www.surgalign.com and connect on LinkedIn and Twitter.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations, estimates and projections about our industry, our management’s beliefs and certain assumptions made by our management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties, including the risks described in Surgalign’s and Aziyo’s public filings with the U.S. Securities and Exchange Commission (SEC). Actual results may differ materially from the anticipated results reflected in these forward-looking statements.

Surgalign Investor Contact:
Jonathon Singer
Investor and Media Contact
[email protected]
+1 224 303 4651

Earth City, MO, Jan. 12, 2021 (GLOBE NEWSWIRE) — Interface Security Systems, a leading managed service provider delivering business security, managed network, UCaaS, and business intelligence solutions to distributed enterprises, announced the completion of a $60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners. 

The additional equity capital will help facilitate the company’s growth strategy and strengthen its industry-leading capabilities, featuring highly differentiated managed services.  This new capital comes in the wake of a highly productive 2020 where Interface has:

• Made significant investments in innovation, product development, and new technology infrastructure
• Scaled operations and expanded service offering to a broader range of verticals
• Launched new services and strategic partnerships
• Achieved a 250% YoY growth in new customer acquisitions
• Further enhanced the overall customer experience

Michael Shaw, CEO of Interface Security Systems, said, “We see a major digital transformation taking place within numerous distributed enterprise business models seeking to adapt to changing consumer behavior and increasing security threats. Interface is a leading provider of innovative business security solutions, remote managed video monitoring, and networking infrastructure that provides distributed enterprises with next-generation store technology and 24/7 system management to keep pace with these trends. This capital infusion will enable us to continue to stay ahead of the technology curve and further solidify our position as a key technology partner for consumer-facing businesses.”

Ned Fleming, Founding Partner of SunTx Capital Partners, said, “This new capital will catalyze the growth phase that Interface is already in. We believe the company is strongly positioned to help businesses integrate the management of their security, managed networks, and business intelligence, particularly as we emerge from the global health crisis.”

Robert Derrick, Managing Director and Partner with Prudential Capital Partners, said, “Interface is well-positioned to support consumer-facing distributed enterprises as they transform their business models. We are happy to be a part of this new round of investment to help fuel their evolution and growth.”

“As the economy emerges from the pandemic, we will see many new business models develop to support remote working, curbside delivery and smarter supply chain management that will require innovative networking, enhanced security, and business analytics solutions,” comments John Mack of Imperial Capital, an advisor to Interface. “This growth capital positions Interface to take advantage of opportunities in areas where they have a demonstrated track record of success.”

About Interface Security Systems

Interface Security Systems is a leading managed services provider delivering business security,managed network,UCaaS, and business intelligence solutions to distributed enterprises. We improve security, streamline connectivity, optimize operations, and reduce IT costs, maximizing ROI for the nation’s top brands. Learn more and follow us on our blog Making IT Happen and on LinkedIn.

 

Media Contacts:

Interface Security Systems:
Véronique Froment or Doug Hansel, Highrez 

[email protected] [email protected]

603-537-9248

SunTx Capital Partners:

Daniel Yunger

Kekst CNC

[email protected]

212-521-4800

Attachment

• Michael Shaw – CEO- Interface Security Systems

Veronique Froment
Interface Security Systems
603-537-9248
[email protected]