Market Newsdesk

NORWALK, Conn., Nov. 23, 2020 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that it will participate in Credit Suisse’s 24^th Annual Technology Conference on Monday, November 30, 2020.

Phil Snow, Chief Executive Officer, will participate in a fireside chat at 4:20 p.m. EST. A live webcast will be available on FactSet’s investor relations website. A replay will also be available for one year following the event.

About FactSet

FactSet^® (NYSE:FDS | NASDAQ:FDS) delivers superior content, analytics, and flexible technology to help more than 133,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We’re proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign^® Corporate Equality Index for our LGBTQ+ inclusive policies and practices.  Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset.

FactSet

Media & Investor Relations Contact:                         
Rima Hyder                                        
857.265.7523                                
[email protected]

23 November 2020 

Espoo, Finland – Nokia today announced that TELUS is deploying a range of its solutions to support the Canadian operator deliver greater network scale, performance, and efficiency helping to strengthen and expand its 5G service offerings.

The Nokia solutions being deployed for 5G include its subscriber data management and the policy controller, as well as its NetAct network management, LTE indoor picocells and IP edge routers. 

Nokia’s products will allow TELUS to cost-effectively manage its network through near zero-touch automation and adherence to service level agreements while helping the operator deliver ultra-low network latency, reliability and security to its customers.

Nokia’s solutions provide the scale, performance and extensive service capabilities required to meet increasing customer demands. As a result, TELUS can establish a cloud-enabled network architecture for faster and more efficient delivery of new residential, business and mobile services.

“With an exponential increase in capacity, bandwidth and speed, 5G will change the way we live and work by fostering Canadian innovation and growing several key verticals of our economy,” said Ibrahim Gedeon, Chief Technology Officer at TELUS. “Our 5G network, strengthened by the expertise of our infrastructure partners, like Nokia, will form the foundation of Smart Cities and Industry 4.0, next-generation virtual healthcare, immersive education, agriculture technology and next-level gaming.”

Jeffrey Maddox, President of Nokia Canada, said: “We are very pleased to provide TELUS with Nokia’s cloud-native 5G core products and IP routing solutions. This deployment speaks to the breadth of Nokia’s ability to truly connect the network to the business at scale and strengthens Nokia’s position as a market leader in 5G core network deployments. Being hardware, vendor and network agnostic, we give our customers peace of mind and the confidence that a provider of our size will fully deliver.”

Additional Resources

• Webpage: Nokia Subscriber Data Management
• Webpage: Nokia NetAct
• Webpage:Nokia Policy Controller
• Webpage: Nokia XGS
• Webpage: Nokia 7750 Service Router portfolio
• Webpage: Service Router Operating System (SR OS)
• Webpage: LTE indoor Picocells

About Nokia

We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia and @NokiaNAM.

Media Inquiries

Communications

Phone: +358 (0) 10 448 4900

E-mail: [email protected]

Software now available to compare current law vs. proposed tax changes to aid in future tax planning

FORT LAUDERDALE, Nov. 23, 2020 (GLOBE NEWSWIRE) — Corvee, a software and solutions company which serves tax and accounting firms, today announces the company’s tax planning software has been updated to include proposed tax changes in the event President-elect Joe Biden is able to pass his proposed changes to tax policy. The software will show the current law vs. proposed tax changes to help in future tax planning.

Corvee recently released the ability for tax and accounting firms to compare what their clients will pay and can save in taxes for 2021 under current law vs. Biden’s proposed policy all within their Tax Planning software. The new tax comparison tool also allows adding tax planning strategies unique to each scenario to be able to develop a proactive and strategic tax plan and be the trusted advisor clients need.

Some of Biden’s proposed tax changes added to the software include:

• Updating the corporate tax rate to 28%
• Updating the top individual income tax rate to 39.6%
• Updating the rate paid on investment income to same as wages if earnings equal more than $1 million
• Elimination of the Social Security tax cap for individuals earning over $400K
• Phasing out the Section 199A deduction for income above $400K

“With the results of the election, there will be tax implications that we want all tax and accounting firms to have access to so they can prepare clients for the proposed changes,” states Andrew Argue, CEO of Corvee. “With the uncertainty and unease for many due to the proposed tax changes, this is the perfect opportunity for accountants to be strategic and trusted advisors to their clients. We have added these capabilities to our software to ensure accountants and tax planners can run scenarios based on current and proposed law, and determine which tax planning strategies make sense to take for 2020 and 2021 regardless of if the law changes or not.”

Corvee Tax Planning is a first-of-its-kind software that allows accounting and tax professionals to collect vital information via custom individual and business questionnaires, analyze estimated tax savings across thousands of strategy combinations, multiple entities and multiple years and prepare tax plan proposals and plans for their clients – all within a matter of minutes. The individualized tax plans, with customized tax planning strategies and recommendations per client, are created in a ready-to-send, professional and customizable PDF file that showcases previous year overpayment information, estimated current and future savings and a detailed list of strategies as well as estimated deduction and savings per strategy.

For more information visit www.corvee.com.

About Corvee

Corvee empowers accounting and tax professionals with a suite of solutions designed to build, grow and optimize their firms. The company works with firms in the specialties of tax, accounting and financial advising. Corvee provides a bundle of solutions for each specialty including tax planning and client collaboration software, firm growth and development programs and the ability to become or partner with a financial advisor to offer tax-advantaged wealth management to clients. Built with the help of on-staff tax and accounting experts, the all-in-one suite is designed to help firms increase revenue, profitability and efficiency, while providing the highest value to their clients. For more information, please visit www.corvee.com. Connect with Corvee via its blog, Facebook, LinkedIn, Instagram and Twitter.

Media Contact

Vicki LaBrosse
Accounting Edge Marketing for Corvee
[email protected]
651.552.7753

Addison, TX, Nov. 23, 2020 (GLOBE NEWSWIRE) — American International Holdings Corp. (OTCQB: AMIH) (“AMIH” or the “Company”), a diversified holding company dedicated to acquiring, managing and operating, health, wellness, infrastructure and technology companies, today announced that its subsidiary, ZipDoctor, Inc. (“ZipDoctor”) will be officially commencing phase one of its digital marketing and online advertising strategy. This initial phase encompasses a ninety-day period of testing marketing outlets, strategies and tactics in which he Company believes the end-result will be a firm grasp on which demographics, outlets and marketing assets respond the best to the ZipDoctor brand.

ZipDoctor implemented its research and development efforts back in August 2020, which encompassed in-depth analysis, new product development, adding and retaining new team members and engaging some of the nation’s leading digital marketing agencies and consultants. Since that time, ZipDoctor and our extended team have been working diligently to design and create digital content and a media library in order to provide a clear and concise strategy with the goal of yielding the highest return on ad spend (“ROAS”).

“Since the official launch of www.ZipDoctor.co, our subscription based online telemedicine platform, back in August 2020, we have continuously been working to make improvements to the technology platform and the overall user experience and have expanded our service offerings to include both a basic and premium plan across all of our pricing plans”, commented Jacob Cohen, CEO of American International Holdings Corp. “It’s exciting to see our planning and preparation efforts of the past four months come into fruition,” further commented Mr. Cohen.

About ZipDoctor, Inc.

ZipDoctor, Inc. is a monthly subscription based online telemedicine platform providing customers with unlimited, 24/7 access to board certified physicians and licensed mental and behavioral health counselors and therapists. ZipDoctor’s online telemedicine platform is available to customers across the United States and offers bilingual coverage (both English and Spanish), with virtual visits taking place either via the phone or through a secured video chat platform. ZipDoctor’s telemedicine platform does not require the customer to have an existing insurance plan and does not demand or require any additional copays. ZipDoctor customers subscribe through the website and are only required to pay a low monthly fee, which is determined based on if they are an individual, a couple, or a family. To learn more about ZipDoctor, visit us online at www.ZipDoctor.co.

About American International Holdings Corp.

American International Holdings Corp. is a diversified holding company dedicated to (a) acquiring, managing and operating health, wellness, infrastructure and technology companies, businesses and/or brands located both in the United States and abroad; (b) operating and managing an online platform providing customers with access to life and career coaches through LifeGuru, Inc. (www.LifeGuru.me, which is currently in development); and (c) operating and managing an online telemedicine platform connecting customers to board certified physicians and licensed mental and behavioral health counselors through ZipDoctor, Inc. (www.ZipDoctor.co). The Company seeks opportunities to acquire and grow businesses that possess strong brand values and that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for the Company and its stakeholders.

FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. These risk factors and others are included from time to time in filings made by the Company with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” sections in its Form 10-Ks and Form 10-Qs and in its Form 8-Ks, which it has filed, and files from time to time, with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact information at: [email protected]

AUSTIN, Texas, Nov. 23, 2020 (GLOBE NEWSWIRE) — AYRO, Inc. (Nasdaq: AYRO) (“AYRO” or the “Company”), a manufacturer of light-duty, urban, and short-haul electric vehicles (EVs), today announces it has entered into definitive agreements with Carnegie Hudson Resources, an investment arm of Wanxiang America, and several existing institutional investors.

Wanxiang America is a subsidiary of Wanxiang Group, a Chinese conglomerate and owner of Karma Automotive and A123 Systems, a developer of EV batteries and supplier to automotive manufacturers worldwide. Karma recently signed a strategic manufacturing, engineering and design partnership with AYRO.

Terms of the offering include the sale of approximately 1,650,165 shares of the Company’s common stock, at a purchase price of $6.06 per share, in a registered direct offering priced at-the-market under Nasdaq rules. AYRO has also agreed to issue to the investors unregistered Series A warrants to acquire approximately 1,237,624 shares of common stock at $8.09 per share, exercisable immediately and terminating six months after the date of issuance, and unregistered Series B warrants to acquire approximately 825,083 shares of common stock at $8.91 per share, exercisable immediately and terminating five years after the date of issuance. The closing of the offering is expected to occur on or about November 24, 2020, subject to the satisfaction of customary closing conditions.

The gross proceeds to AYRO from this offering are expected to be approximately $10.0 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from this offering for manufacturing, production, operations, product portfolio market expansion, and general working capital.

The shares of common stock (but not the warrants or the shares of common stock underlying the warrants) are being offered by AYRO pursuant to a “shelf” registration statement on Form S-3 (File No. 333-227858) previously filed with the Securities and Exchange Commission (the “SEC”) on October 16, 2018 and declared effective by the SEC on November 8, 2018. The offering of the securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the shares of common stock being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov.

The warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

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

Spartan Capital Securities, LLC & Palladium Capital Group, LLC acted as advisors to the offering.

About A
YRO,
Inc.

Texas-based AYRO, Inc. engineers purpose-built electric vehicles to enable sustainable fleets. With rapid, customizable deployments that meet specific buyer needs, AYRO’s agile EVs are an eco-friendly microdistribution alternative to gasoline vehicles. The AYRO 411 Club Car is the only zero-emission, light duty EV known to AYRO that can be optimized for the needs of any sustainable fleet, while the AYRO 311 EV can be configured for a variety of urban last-mile transportation needs. AYRO innovates with speed, discipline, and agility and was founded in 2017 by entrepreneurs, investors, and executives with a passion for creating sustainable urban electric vehicle solutions for micromobility. For more information, visit: www.ayro.com

Forward-Looking Statements


This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “may,” “plan,” “project,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: we have a history of losses and has never been profitable, and we expect to incur additional losses in the future and may never be profitable; the market for our products is developing and may not develop as expected; our business, results of operations and financial condition may be adversely impacted by public health epidemics, including the recent COVID-19 outbreak; our limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; we may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for our electric vehicles; the markets in which we operate are highly competitive, and we may not be successful in competing in these industries; we rely on and intends to continue to rely on a single third-party supplier for the sub-assemblies in semi-knocked-down for all of its vehicles; we may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, could harm our business; we will be required to raise additional capital to fund its operations, and such capital raising may be costly or difficult to obtain and could dilute our stockholders’ ownership interests, and our long-term capital requirements are subject to numerous risks; we may fail to comply with environmental and safety laws and regulations; and we are subject to governmental export and import controls that could impair our ability to compete in international market due to licensing requirements and subject us to liability if we are not in compliance with applicable laws. A discussion of these and other factors is set forth in our registration statement on Form S-4 filed on February 14, 2020, as amended, and our subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and we disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The New EV program will be launched before the end of December

RideShare Rental will take delivery of the first 40 EV vehicles
in December

RideShare
Rental is
also
developing a
Car
Share App for EV’s, which will be completed before the end of the year

BEVERLY HILLS, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) — RideShare Rental, Inc., formerly YayYo, Inc (“RSR” or the “Company”) (Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, through its wholly-owned subsidiary, RideShare Car Rentals, LLC, today announced it is getting into the EV space with a model that will generate revenues and profits upon its launch.

“We have been working on an EV strategy for the rideshare space and car sharing space for a while now,” commented Ramy El-Batrawi, CEO. “We are excited that we are finally launching the first 40 EV vehicles in December. Working with a few partners in this space has allowed us to fulfill a goal the company had. With funding and infrastructure coming in from our partners, we were able to make great strides both in the technology and the deployment of the vehicles.”

“We are launching two different strategies to fulfill our goal with EV vehicles. One will be a true Car Share starting in LA and will continue to expand through the country. The Car Share portion of EV will be subsidized by our partner and guaranteeing a profitable venture for the company. We should see revenues from this program hitting this quarter. The second phase of the EV strategy is with the new functionalities of the new app which includes unlocking and starting the car through the app. The problem we are solving for actual renter of vehicles for the gig economy space is the limited Distance an EV before recharging and the time to recharge a vehicle makes it not feasible for gig workers to rent EV vehicles. Our strategy will be to have EV vehicles available across the city, when a driver runs low on their battery, they can simply swap up vehicles using their app and continue driving without delay. We feel this strategy will allow the expansion to EV vehicles where driver can save money on gas, one of the biggest costs and become part of green economy. We are planning to test the model in December as well,” CEO Ramy El-Batrawi added.

RideShare Car Rentals LLC, our wholly-owned subsidiary, is an online rideshare vehicle booking platform to service the ridesharing and delivery gig economy which includes both our owned-fleet and third party fleets.

Fleet Management

Distinct Cars LLC, our wholly-owned subsidiary, maintains a fleet of passenger vehicles that are commercially available for rent by gig-economy drivers.

About RideShare Rental, Inc.
Formerly YayYo, Inc

RideShare Rental, Inc. bridges the gap between rideshare drivers in need of a suitable vehicle and rideshare companies that depend on attracting and keeping drivers. RideShare Rental, Inc. uniquely supports drivers in both the higher and lower economic categories with innovative policies and programs. RideShare Rental, Inc. is a leading provider of rental vehicles to drivers in the ever-expanding gig economy.

RideShare Rental, Inc. provides SEC filings, investor events, press and earnings releases about our financial performance on the investor relations section of our website (www.yayyo.com).

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results.

Public Relations Contact

Ramy El-Batrawi
Phone: 888-209-5643
Email: [email protected]

CHICAGO and STOCKHOLM, Nov. 23, 2020 (GLOBE NEWSWIRE) — Tacton, a global leader in Smart Commerce solutions for manufacturers with CPQ, today announced a self-service, visualization-powered e-commerce solution through a partnership with B2B e-commerce platform provider Intershop. When powered by Tacton CPQ, manufacturers can sell their highly customizable product portfolio through an unprecedented enterprise-grade customer portal offering a 100% self-serve e-commerce experience.

Customer expectations across industries have evolved as consumers make more and more purchases using self-service online services. To meet these growing demands, manufacturers need to expand their offerings to include an end-to-end self-serve e-commerce experience. Under the partnership between Tacton and Intershop, customers of equipment manufacturers can use a digital customer portal that enables them to collaborate digitally throughout their buying experience, starting with the configuration process all the way through product lifecycle management.

“Our customers are focused on their customers’ experience, and this partnership brings that aspiration to a whole new level,” said Bo Gyldenvang, CEO of Tacton. “Intershop is a proven innovator in the self-serve e-commerce space offering customer portals with a 360-degrees view, providing personalized content and self-services. We are excited to leverage their solutions with ours to empower manufacturers to offer their customers a truly world-class customer experience.”

“Intershop provides B2B customer portals offering the same type of high-end experience they are used to in the B2C world throughout the customer life cycle. Our solution aligns perfectly with Tacton’s goals in the manufacturing space,” said Dr. Jochen Wiechen, CEO of Intershop Communications AG. “Tacton has emerged as a leader in helping manufacturers give customers the type of digital real-time visual sales experience today’s consumers crave, and we look forward to helping them advance this even further with our customer portal capabilities.”

With the most advanced manufacturing configurator on the market, Tacton solves the challenges facing today’s manufacturers that need to deliver highly customized products across all channels. The company’s capabilities allow it to power a full e-commerce solution for manufacturers, and the partnership with Intershop will expand this offering into highly configurable manufacturing for both prospects and existing customers.

For more information on Tacton and its smart manufacturing capabilities:

• 
  Book a demo
  and see how Tacton can help your company increase efficiencies, sales volume, and net profit
• Visit the Tacton-Intershop partner page
• View the partnership blog post
• View how Visualization helped Tacton become a Visionary in Gartner’s Magic Quadrant for Configure, Price and Quote Application Suite

About
Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISHA) is an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe, more than 300 enterprise customers run Intershop solutions. Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.

About
Tacton

Tacton enables Smart Commerce for manufacturers by empowering organizations to extend beyond traditional commerce. Tacton Smart Commerce ensures manufacturers always offer optimal solutions to their customers throughout the entire B2B buyer journey. Our industry expertise and leading technology enable a seamless customer experience. Tacton provides solutions to our global customers such as ABB, Bosch, Caterpillar, Daimler, MAN, Mitsubishi, Siemens, Toshiba and Yaskawa. Tacton is headquartered in Chicago, Illinois and Stockholm, Sweden, with regional offices in Karlsruhe, Germany; Warsaw, Poland; and Tokyo, Japan.

Contact:

[email protected]

REDWOOD CITY, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) — Sumo Logic, (Nasdaq: SUMO), the pioneer in continuous intelligence, today released exclusive findings from its highly-anticipated fifth annual report. ”The Continuous Intelligence Report: The State of Modern Applications, DevSecOps and the Impact of COVID-19” provides an inside look into the state of the modern application technology stack, including changing trends in cloud and application adoption and usage by customers, and the impact of COVID-19 as an accelerant for digital transformation efforts.

“This year was unlike any other that we have witnessed with a significant shift in organizations’ technology priorities, in part as a result of the COVID-19 pandemic,” said Bruno Kurtic, founding VP of strategy and solutions at Sumo Logic. “This continued acceleration to digital further fueled key trends including multi-cloud adoption, an expanding threat landscape, and the need for improved collaboration across DevSecOps, as companies quickly made changes to adapt to new business demands. The need for continuous intelligence is even more critical as digital businesses require real-time analytics in order to deliver high performance, highly scalable, always-on digital services to speed decision making and drive the best customer experiences.”

”The Continuous Intelligence Report: The State of Modern applications, DevSecOps and the Impact of COVID-19” now it its 5th year, provides data-driven insights, best practices and trends by analyzing technology adoption among more than 2,100 Sumo Logic customers who run massive mission-critical modern applications on cloud platforms like AWS, Azure, and Google Cloud Platform as well as hybrid cloud infrastructure. Key findings from the report include:

Multi-cloud adoption accelerates during COVID-19 pandemic

Amidst the COVID-19 pandemic, the adoption of modern cloud services has surged. As businesses faced upheaval, many have turned to these platforms to support new and changing ways of doing business.

• Multi-cloud adoption grew by 70% year over year, outpacing previous 12 months that saw 50% growth.
• Enterprises are increasingly turning to modern cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), to deliver high quality and secure applications to their customers.

Modern cloud architectures become a reality

As more enterprises become dependent on the cloud, they’re shifting to a more “modern architecture.” This transition focuses on an application stack that consists of new tiers, technologies, and microservices.

• The typical AWS application has as many as 26 services (up from 15 last year) and is deployed across two or more regions and two or more accounts.
• Over 40 percent of Sumo Logic’s AWS customers are using container orchestration.
• Kubernetes is fast becoming the default app platform, with over 85% of businesses choosing Kubernetes to build and operate applications across multiple clouds.
• Additionally, serverless architecture is continuing to grow, and AWS Lambda adoption is now at 37 percent.

Security landscape dramatically shifts during COVID-19 pandemic

The security threat landscape has changed since the start of the COVID-19 pandemic, requiring a more rigorous and adaptive security processes and solutions. Securing cloud workloads requires adoption of both cloud-native security technologies and consuming available cloud data sources.

• AWS customers adopted CloudTrail (60 percent), VPC Flow Logs (34 percent), and GuardDuty (22 percent) to meet this need. Additionally, the patterns of attack have changed throughout the course of the pandemic. The largest jump in attack origin came from Russia and India.
• Based on Sumo Logic’s Global Intelligence for AWS, AWS regional centers in the U.S. and E.U. are top targets for attackers.

The WFH era reinforces the need for DevSecOps to break the silos

The continued expectations for DevOps to improve the release and updates of apps and services has challenged siloed teams – given their remote working situations. It’s important that distributed development teams leverage analytics and insights to optimize the entire end-to-end software development and delivery process and improve the continuous intelligence of their organizations.

As the modern application stack continues to be reshaped by multi-cloud, open source technologies, and factors from extenuating circumstances like COVID-19, companies need a strategy to address this growing complexity. The answer lies in continuous intelligence, a new category of software that leverages real-time analytics and insights from a single, cloud-native platform across multiple use cases to speed decision-making, and drive world-class customer experiences. Sumo Logic’s Continuous Intelligence Platform™ provides this as a cloud-native delivered as a service.

Download a full copy of the report here.

Report Methodology

”The Continuous Intelligence Report: The State of Modern applications, DevSecOps and the Impact of COVID-19” is developed using data from more than 2,100 Sumo Logic customers running applications across all major cloud platforms and on-premise environments. All individual customer data is anonymized. Customers use Sumo Logic to manage production applications and underlying infrastructure. Hence, this report provides a snapshot of the production application state. Given the large sample size of enterprises, the data in this report is a reflection of the overall industry trends. This report assumes that an application or infrastructure is used in production if it appears as a source of data or is queried/analyzed by a paying customer.                 
                                   
Additional Resources

• 
  Read
  our blog for the key trends impacting the modern application technology stack
• 
  Sign up
  for a free trial of Sumo Logic

About Sumo Logic

Sumo Logic Inc. (Nasdaq: SUMO) is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contacts

Melissa Liton
Sumo Logic
[email protected]
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SAN FRANCISCO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Wine.com, the nation’s leading online wine retailer, closed the first half of its fiscal year (April 1 through September 30) with $176 million in revenue, representing 217% year-over-year growth. This brought trailing 12-month revenue to $285 million, a 102% increase over the comparable year period.

Highlights over the last 12 months demonstrate an acceleration in the company’s growth as consumers go online for wine in record numbers:

• Revenue from StewardShip members (Wine.com’s $49/year unlimited shipping program), increased 123% to $157 million for the trailing 12 months as the company grows wallet share among these loyal customers.
• Customers increasingly prefer to shop from their phones and Wine.com’s 4.8 star mobile app (51,900 reviews). Revenue from mobile devices increased 105% to $100 million.
• Spirits, which Wine.com added to its product offering in California, Florida, New Jersey and New York during the last year, have quickly grown to 10% of revenue in those states.
• The company introduced Picked by Wine.com, a personalized wine subscription which combines the expertise of real sommeliers with a proprietary algorithm to select recurring shipments of six wines for each customer based on their tastes and feedback, and at the frequency and price point of their choosing.  
• Wine.com expanded its series of virtual wine tastings featuring the “who’s who” of the wine world. Since the launch in April, the company has hosted 45 events that have been viewed by over 63,000 households.

“Americans from all parts of the country, age groups and levels of wine experience are discovering the world of wine in a new way through Wine.com,” said Rich Bergsund, Wine.com CEO. “We’ve got a long list of innovations on our roadmap – we’re just getting started!”

About Wine.com

Wine.com offers selection, guidance and convenience not found in stores – helping customers discover the incredible world of wine with confidence. Live chat sommeliers provide friendly advice and customers receive unlimited free shipping all year by joining StewardShip. Wine.com was recently named Wine Enthusiast’s Retailer of the Year. For more information, visit the company’s website at www.wine.com or download its app in the Apple Store or Google Play.

Forward-looking statements

This press release contains forward-looking statements that relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. Wine.com undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Actual events or results may differ materially from those described herein due to a number of risks and uncertainties. Wine.com cautions that these statements are subject to risks and uncertainties, many of which are outside of Wine.com’s control and could cause future events or results to be materially different from those stated or implied in this press release, or to not occur at all. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

Addie Wallace
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[email protected]