Category Archives: Cloud Hosting

SaaS Escrow The answers to your FAQs Part 2 – JD Supra

There has been a huge shift in cloud and Software-as-a-service (SaaS) adoption globally, notably with government, large enterprise and financial institutions. Although SaaS offers its advantages such as cost reductions, ease of accessibility and effortless scalability, many companies are not carefully planning the adoption of these SaaS applications. By doing so, they may not have considered the disadvantages that may occur. Insufficient data security is one top concern, with many businesses just assuming their SaaS provider will take care of their security and software resilience needs.

As a two-part series, our second article carries on addressing the next two frequently asked questions we come across when talking to customers wanting to find suitable, cost effective and easy to deploy SaaS continuity escrow solutions, helping them to mitigate against the risks associated with modern service delivery methods and the growing responsibility of cloud service providers.

If you havent already read part 1 of this series, then click here to read.

If we are talking about the cost of using a SaaS escrow vendor in general, there isnt really a right answer to this. It really depends on what services they offer, their accreditations and experience and their choice in how much to charge for these services. With Escrow London, SaaS escrow fees start at around $1,895/1,395 per year. These fees are competitive amongst tier-1 SaaS escrow vendors.

In order to ensure that you get the best deal for your company, there are some things you can look at to meet your SaaS application continuity needs.

The key attributes to look for in a SaaS escrow vendor are as follows:

Read more here:
SaaS Escrow The answers to your FAQs Part 2 - JD Supra

2022 Best of Business – Twin Cities Business Magazine

Earlier this year, TCB asked executives and business decision-makers for vendor recommendations in key business service categories. Hundreds of Minnesota businesses have already done their due diligence, so when its time to look for specialized expertise or hire a new professional services provider, no need to go it aloneour annual subscriber survey is based on the opinions of professionals like you. Tap into their collective knowledge to find a top-notch commercial architect, data security expert, digital marketing firm, or any of a range of professionalsthe best of the best. Thanks to all who shared their expertise. Adam Platt, executive editor

Click on the links below to navigate through this years categories:

Doran Architects 30 employees collaborate closely with clients to realize their vision for office, retail, multifamily housing, and mixed-use development. The Bloomington firm, a subsidiary of Doran Cos., works on projects from beginning to end and partners seamlessly with Dorans in-house construction and interiors teams to create award-winning spaces. Doran Architects is known for creating functional design with all the expected amenities. It won a 2021 Finance & Commerce Top Projects award for Vue at Bluestone in Duluth, while its Carrick Tonka Bay development won the 2022 Minnesota REjournal Commercial Real Estate award for best suburban multi-family project.

FINALISTS/Synergy Architecture Studio |D/O Architects

A subsidiary of Doran Cos., Bloomington-based Doran Construction has more than 15 million square feet of constructed space under its belt. It plays a key role in Dorans full-service offerings, including access to planning, architecture, interiors, construction, and property management from the start of every project. Whether Doran Constructions role is general contractor, construction manager, or design/builder, its staff stays focused on client vision, budget, and schedule. Recent projects include office space for Hybrid Medical Animation, Hazelwood Food and Drink, and the Landsby on Penn apartment complex. Led by CEO Anne Behrendt, Doran Cos. is one of the largest women-owned businesses in the Twin Cities.

FINALISTS/ Timco Construction | Ryan Cos. US

Doran Properties Group develops luxury apartment buildings with the amenities and high-end service tenants desire. For example, its new project, The Ruby Apartments inSt. Anthony Village, features a range of residential offerings, an expansive pool terrace, and a clubhouse complete with a club room, fitness center, and work-from-home spaces. Bloomington-based Doran is now exporting its multifamily model outside Minnesota. It recently expanded to Denver, where the firm completed Lyra Apartments in suburban Centennial and is starting work on a second multifamily housing project in Lakewood. In 2022, founder Kelly Doran won the Lifetime Achievement Award from Minnesota REjournal.

FINALISTS/ Ryan Cos. US | Dominium | Sherman Associates

Operated by the father-son duo of Kelly and Evan Doran, Doran Properties Group quickly made a name when it opened for business in 2020 in Bloomington. It built on Kelly Dorans long tenure developing shopping centers across the Twin Cities to shine in multifamily housing. The 185 employees, including architects, contractors, property managers, and finance staff, ensure that projects run smoothly. Its developments frequently are a hit, prompting expansions like one at Triple Crown Residences in Shakopee. Doran Properties Groups portfolio of properties has a combined value exceeding $1 billion.

FINALISTS/Ryan Cos. US | Davis

For more than 75 years, Michaud Cooley Erickson has united its interdisciplinary teams to solve clients most vexing and complicated problems. The Minneapolis firm thrives when it is tackling engineering-intensive projects in diverse industries, including aviation, health care, and science and technology. Michaud Cooley Erickson has 110 employees, with engineers registered in every state, giving the firm a broad array of services. It specializes in designing mechanical, electrical, fire protection systems, and more, as well as infrastructure that facilitates efficient operation of systems. Clients benefit from the firms breadth of services, especially its one-stop-shop offerings for meeting all their engineering needs.

FINALISTS/BKBM Engineers | Hallberg Engineering

Hendel Homes

When Rick Hendel founded Hendel Homes in 1997, he set out to build beautiful houses with an eye on stewarding clients resources. The Wayzata firm has crafted more than 100 expansive, intricate homes without sacrificing quality by focusing on collaboration, expertise, and transparency from the start of each project. Whether engaging in new construction or remodeling, Hendel guides clients through the process with its preconstruction management system to prevent headaches before breaking ground. The builder focuses on excellence in design and craftsmanship, paving the way for its work to receive many awards, including Housing First Minnesotas Builder of the Year.

FINALISTS/Lennar Corp. | Streeter Custom Builder

Back to top

As an integrated agency, Fast Horse unites strategy, creative, and amplification from the launch of every project and gives each discipline an equal seat at the table. This approach helps fast-moving Fast Horse deliver engaging campaigns that bring attention to clients while delivering strong ROI. The Minneapolis-based firm, founded in 2001, has about 30 employees who deliver award-winning work, garnering honors from the likes of Cannes Lions, Reggie Awards, and PRWeek. Fast Horse recently landed Toro Co. as a new client and expanded longtime partnerships with Heineken, Audi, SageGlass, and Magnifi Financial.

FINALISTS/Rocket55

As a full-service digital marketing agency, Rocket55 aims to be customers partner and guide to demystify the world of online marketing. The firm focuses on data-driven decision-making to guide its approach to growing customers businesses online. Minneapolis-based Rocket55 launched in 2008, targeting mid-sized companies that want a comprehensive digital shop covering strategy, design, and technology. Rocket55 serves their needs via specialized digital teams who deliver award-winning digital marketing, including advertising, video, social media, and marketing automation. The firm continues to grow, adding service lines where needed.

FINALISTS/Br8kthru Consulting | Uproer

Public relations agency Skyya Communications, based in Minneapolis and New York City, concentrates on spreading the word about startups and early-stage technology companies. It offers a broad menu of services to more than 200 customers, including business-to-business and business-to-consumer brands, plus state and federal agencies. Clients hire Skyya when they need help raising capital, developing new products, opening new sales channels, or growing sales. Full-service Skyya offers capabilities in everything from media relations and social media to content creation, marketing, events, and brand ambassadorships.

FINALISTS/Haberman | Lola Red PR

Back to top

DAmico Catering of Minneapolis is emerging on a strong footing after the pandemics subdued events market. Celebrations are back, allowing DAmico to demonstrate its prowess in creating memorable events through inventive cuisine, creative experiences, and a passion for hospitality. The 30-year-old company recently landed the Walker Art Center as its exclusive culinary and event partner. It has catered 70,000 gatherings, including some of the Twin Cities most significant cultural, corporate, and philanthropic events.

FINALISTS/Chowgirls Catering | Crave

Back to top

The University of Minnesota is a comprehensive institution of higher learning, with more than 150 undergraduate majors and 500-plus graduate and professional degrees. A top-10 public research school in the United States, the U has more than 4,000 faculty with a passion for teaching and discovery, whether they are developing life-saving technologies or answering complex questions for the public. The U has more than 485,000 living alumni, many of whom make up a strong segment of the states workforce. Students take advantage of vast opportunities, from research and internships to 900 student groups, plus degrees that help them meet their career goals.

FINALISTS/University of St. Thomas |Bethel University

The Carlson School of Management offers MBA students multiple academic programs and a fertile research environment. It offers full-time, part-time, online, and executive MBAs with many opportunities for hands-on projects with real clients, plus dual degrees, such as its MBA paired with a masters in business analytics. Carlsons programs are highly regardedThe Economist ranked its Executive MBA 14th in the United States, while U.S. News ranked its part-time program 11th. Among graduates of Carlsons full-time program, 96 percent received job offers 90 days after graduation.

FINALISTS /University of St. Thomas |Hamline University

Back to top

Launched to serve emerging and growing businesses, Lurie has spent 82 years holding true to its mission. The Minneapolis firm and its 200+ employees guide clients in the areas of accounting, tax and retirement planning, audit, mergers and acquisitions, and more with the goal to share fresh thinking and help businesses grow. Pillars of the Lurie model include serving entrepreneurs, private companies, and family-owned businesses, from start-up through succession, while serving the community. Lurie has long been involved with organizations that support women and minorities; it recently partnered with the Lake Street Council to help the area rebuild after the unrest of 2020.

FINALISTS / Wipfli | KeyLin Advisors

Bridgewater Bank is relatively new on the Minnesota scene, having opened in 2005 as a full-service bank. It quickly established a reputation as the place to go for commercial banking, especially commercial real estate lending. The St. Louis Parkbased bank focuses on serving entrepreneurs and high net worth individuals, setting lofty standards for client service and support. Bridgewater invests in its employees, fostering a culture of talent that strives to serve clients well. One of the fastest-growing banks in Minnesota, Bridgewater is working to secure a top-seven market-share position for deposits in the Twin Cities in 2023.

FINALISTS/Sunrise Banks | Alerus Financial | U.S. Bank

Though Sunrise Banks is a community bank, it sees its mission more broadly as a social engine for good. St. Paul-based Sunrise is a Certified B Corporationentities that balance purpose and profitand a certified community development financial institution. This foundation powers its purpose to drive sustainable economic growth by improving the lives of clients across the Twin Cities and beyond. For eight years running, Sunrise has captured B Labs Best for the World honors for customer and governance impact. Sunrise tracks the carbon footprint of its operations and loans while working to create a greener banking sector.

FINALISTS/Bridgewater Bank | Alerus Financial

U.S. Bank has been a Minnesota mainstay since the 1860s. The Minneapolis-based bank has grown to 70,000 employees and $587 billion in assets, providing customers with a range of services, including consumer, corporate, and commercial banking, as well as investment services. U.S. Bank has a history of stressing customer service, digital innovation, and social responsibility, earning it honors as Fortunes most admired super-regional bank and one of three American banks named one of the Worlds Most Ethical Companies in 2022. It recently reopened all three Minneapolis branches destroyed during the 2020 civil unrest and announced plans to acquire West Coast-centric Union Bank for $8 billion.

FINALISTS/Alerus Financial | Wells Fargo

TopLine Federal Credit Union captured this category for the sixth straight year. Its operations are centered on the philosophy of people helping peopleits 46,000 member-ownerswith essential personal and business banking services. Based in Maple Grove, TopLine has grown from its first $35 in 1935 to $675 million in assets. It provides customers with financial security through many offerings, including bread-and-butter banking, car and small business loans, and investment and insurance services, all matched with attentive service. Committed to supporting the community, TopLine recently joined other Minnesota credit unions in supporting Minneapolis only Black-led cooperative credit union.

FINALISTS/Wings Financial Credit Union |Affinity Plus Federal Credit Union

TopLine Mortgage Services, part of TopLine Federal Credit Union, wants to make sure that its customers have a great experience when buying a house. It starts with free first-time homebuyer education sessions and access to a range of products for new buyers, including FHA loans and Fannie Mae products. It also offers conventional mortgages, jumbo loans, and refinancing. Maple Grove-based TopLine helps customers partner with its insurance agents to secure the best homeowners rates. It serves individuals and families who live, work, or attend school across the Twin Cities, allowing TopLine to help consumers achieve the American dream of owning a home.

FINALISTS/ Alerus Mortgage |Wings Financial Credit Union

As one of the largest employers in Minneapolis, RBC recently welcomed staff and clients to its new U.S. corporate headquarters at the top of Nicollet Mall. RBC Gateway strengthens the companys commitment to downtown Minneapolis while nurturing other goals including fostering diversity and protecting the environment. Rooted in Minneapolis since 1909, RBC centers itself on a people first mindset. RBC employees focus on financial education, innovative recruiting, and teaching others about the field.

FINALISTS/Accredited Investors Wealth Management | Wipfli Financial Advisors

Back to top

Recognized by TCB for the sixth consecutive year, Salo values relationships over transactions and builds meaningful and mutually beneficial connections between consultants and organizations. Customers find the expertise they need in accounting, finance, and human resources, whether its for short-term concerns or C-level leadership. The professionals the company places gain varied experience and new challenges. Salo works with experts and clients of all types and sizes across the country.

FINALISTS/Hollstadt Consulting |Robert Half Talent Solutions |Soladay Olson | True Talent Group

Back to top

Business law firm Winthrop & Weinstine has been on a growth tear, with no plans to ease back. In 2021, it added 32 attorneys and paralegals, including a seven-member group focused on specialty tax and incentives. Now with 267 employees, the Minneapolis firm plans to continue adding new specialties and attorneys; its all about providing clients with the exceptional service they expect, paired with fresh legal thinking, a national reach, and favorable outcomes in diverse practice areas. Winthrop & Weinstine shines by serving clients in 67 practice areas and nearly every area of business law, from litigation to intellectual property to tax law.

FINALISTS/Stinson | Fredrikson & Byron

Back to top

AV For You has been a trusted provider of audiovisual services and equipment for 20 years. It keeps its offerings fresh by bringing experience and elements from one event format to another. Whether a corporate or nonprofit event, a wedding, or a concert, its staff provides high-quality, reliable equipment so the festivitiesnot the technologyare the star. AV For You often works with clients as a long-term audiovisual vendor, helping build productive relationships. It recently acquired AVS, an industry leader in video wall applications, paving the way for expanded offerings.

FINALISTS/ Avex | Maple Lane Media

Its all about partnership at Do Good Events. The firm stages corporate and nonprofit events, virtual gatherings, and special events such as festivals and brand launches. The team brings organization, planning, and execution expertise to every meeting and event they run. Do Good also takes care of staffing needs, ensuring that staff interacting with guests serve as brand ambassadors. Whether its orchestrating WineFest for the University of Minnesota Foundation or a Phillips Distilling VIP Super Bowl event, Do Good Events makes clients look good.

FINALISTS/Gather Event Group | Covey Events

The largest hotel in Minnesota knows its way around events. Since 1993, Hilton Minneapolis has worked to provide exceptional service for events and conventions of all sizes and kinds. The options are endless, with nearly 90,000 square feet of event space, including a 24,780-square-foot ballroom. Hilton Minneapolis offers all the extras, including a skyway connection to the Minneapolis Convention Center, office space, and top-tier catering. It has deep experience planning and hosting events, from weddings and galas to fundraisers.

FINALISTS/Grand View Lodge | JW Marriott

Soona

Photographers and videographers founded Soona in 2019 on the premise that companies want to create professional, affordable photos and videos without leaving their home or office. The Minneapolis company provides a self-service content creation platform for customers to easily make the videos they need, such as product demos. Soona is the first virtual photoshoot platform that allows customers to make videos and post them online in less than 24 hours. Soona recently broadened its menu of services, allowing customers to hire models, utilize styling, and incorporate pets.

FINALISTS/Avex | Media Loft

Back to top

Feed My Starving Children takes a two-pronged approach to addressing hunger around the world. Donors help pay for the raw materials that comprise its nutritious MannaPack meals, while volunteers of all ages assemble the food that helps kids in need. Founded in 1987, the Coon Rapids organization enlisted Cargill food scientists and experts from General Mills and Pillsbury to develop a vitamin- and mineral-fortified rice meal for malnourished children. Since 2009, it has delivered its food to humanitarian organizations in 108 countries.

Professional soccer player Tony Sanneh started the Sanneh Foundation in 2003 to empower youth, providing programs that improve lives and unite communities. Sanneh took over as president and CEO in 2010, guiding the organization to find innovative ways to give all children the opportunity to learn, grow, and succeed. The St. Paul-based foundation offers free sports and activity camps, in-school academic and social support, college advising for teens, food services and more to kids from low-income and immigrant neighborhoods. Sanneh is creating fresh approaches to holistic youth support and development.

FINALISTS/Be the Match | Second Harvest Heartland

Back to top

Doran Properties Group is a natural offshoot of founder Kelly Dorans career in commercial real estate development and construction. Steeped in property management since 2007, Doran and firm now have 172,000 square feet of commercial property under management. It is known for managing high-end retail centers like the Village at Arbor Lakes in Maple Grove and Greenway Lakes Commons in Minneapolis. Bloomington-based DPGs developments are fully leased with low turnover. Prime locations and a diverse mix of tenants, including local and national eateries, medical offices, spa services, and retail help its properties thrive.

FINALISTS/Cushman & Wakefield | Davis

A focus on the health care industry is Davis jumping-off point for all aspects of commercial real estate. The Minneapolis firm has devoted 36 years to serving tenants and landlords in the medical sector, giving employees a deep understanding of what health care professionals require. Davis negotiates and executes more health care leases than any brokerage in Minnesota. Its 30 employees serve independent medical practices, major health care systems, and more. Tapping into its network of strategic partners, Davis guides clients through property identification, buying, selling, and leasing space that suits the needs of their practice.

FINALISTS/Cushman & Wakefield | CBRE

As businesses navigate the shift from remote to hybrid to in-office work, many are turning to co-working space to smooth the transition. NYC-based WeWork, with three locations in Minneapolis, meets companies needs with flexible space and leases. Clients pick from renting dedicated desks to full-floor offices and everything in between, with month-to-month or pay-as-you-go options. Workers have access to traditional workplace features including business-class printers and conference rooms. Amenities like fitness, wellness, and new mothers rooms help clients balance the personal with the professional. Even dogs and bikes are welcome.

FINALISTS/The Coven | Fueled Collective

Back to top

Clients of Ascent Solutions benefit from its security consultants deep and varied military cybersecurity experience. They deploy their special forces expertise to protect client enterprises. The Minneapolis-based company and its 120 employees provide robust security offerings, including on-the-spot incident responses, strategic resiliency planning, and secure cloud computingall with an eye on reducing client risk and beefing up overall security. Ascent is growing rapidly. Its Texas education and professional development center will serve as a training ground and cybersecurity center of excellence for the worlds largest organizations.

FINALISTS/Atomic Data | Marco Technologies

Started from a one-room office in 1986, Loffler has grown into one of the largest privately owned business technology and services organization in the Upper Midwest. It has 18 locations in six states and 500 employees, who are laser-focused on providing diverse technology services. From copiers and printers to IT support, Loffler technicians, engineers, and customer service staff keep operations humming for businesses of all sizes. The family-owned company continues to grow in footprint and services, including its new St. Louis Park headquarters. Loffler lives by its customer-first focus.

FINALISTS/Marco Technologies | Metro Sales

Providing ironclad cybersecurity underlies all of the services Ascent Solutions provides, whether its information technology or cloud computing. In operation since 2008, Ascent soared when it became a Microsoft partner. It has cemented that relationship by delivering bundled security and managed IT services, helping customers modernize and get the most out of their Microsoft systems. Minneapolis-based Ascent brings deep experience in public and private sectors. This gives its team the necessary knowledge to collaborate effectively with clients, whether they are working on information protection and governance or adoption and change management.

FINALISTS/Concord USA | Foundation Technologies

Marco Technologies has nearly 50 years of experience in helping customers with technology. Offering a wide variety of services, including business IT and managed IT services, Marco has grown to more than 28,000 clients nationwide and nearly 1,200 employees. When hiring Marco for managed IT services, customers receive a lifeline of support that allows internal staff to focus on strategic initiatives instead of day-to-day needs. Clients gain access to the expertise and problem-solving skills of Marcos 650-plus certified system engineers and technical representatives. In 2022, St. Cloud-based Marco earned recognition yet again on CRNs 2022 Managed Server Provider Elite 150 list.

FINALISTS/Atomic Data | Foundation Technologies

Minneapolis-based Rocket55s team of specialized, energized subject-matter experts germinates ideas and plans a roadmap to enhance customers digital footprint. Data-driven and in the know about all the latest marketing technology tools, Rocket55 is a well-rounded digital agency that partners with more than 100 active clients on strategy, design, and technology. Its formula and track record of growth has propelled Rocket55 to the Inc. 5000 list of the fastest-growing privately held companies in the United States for five years running.

FINALISTS/Hutman | Nerdery

For 16 years straight, Verizon has been listed first in the U.S. by RootMetrics for overall network performance. J.D. Power ranks Verizon first for best customer satisfaction with small business wireless service, as well as first in wireless network quality and in call, message, and data quality. Businesses rely on Verizons network for the speed, reliability, coverage, and performance they need to thrive. With decades of experience managing complex customer networks and the latest in technology and coverage, companies know they can get business done with Verizon.

FINALISTS / T-Mobile | AT&T

Internet service is all about speed and reliability. Xfinity, an internet service of Comcast, is constantly improving its gig-speed broadcast networkthe largest in the United States. In 2021 alone, Comcast invested more than $4.2 billion to strengthen, expand, and evolve its Xfinity network. Customers can gain access to a host of services under one roof, including internet, voice, mobile, home management, and entertainment. Committed to digital equity, Xfinity and Comcast provide affordable high-speed internet to low-income customers through its Internet Essentials program.

FINALISTS/US Internet | CenturyLink

Back to top

The Mayo Clinic Cancer Center treats more than 150,000 people with cancer each year. Patients come from across the country to multiple Mayo locations, including one in Rochester, Minnesota, for its team-based care. Mayos providers have vast experience diagnosing and treating just about every kind of cancer as well as deep resources to tailor care to each patients needs. The National Cancer Institute designated it a comprehensive cancer center, meaning that Mayos physicians and scientists use patient-centered research to develop advanced technologies and treatments. This gives patients opportunities to participate in hundreds of clinical trials. In addition, U.S. News & World Report consistently ranks Mayo among the top hospitals for cancer care in the nation.

Minnesota Oncology, the largest cancer treatment provider in the Twin Cities, has spent more than 25 years providing patient-centered, evidence-based care to people with cancer. Its more than 100 cancer care experts aim to offer comprehensive services that support the whole person, from diagnosis and treatment to medical therapy management, social work, nutrition, and genetic counseling. Minnesota Oncology is physician-driven, giving providers freedom to make patient-focused care decisions. Based in St. Paul, Minnesota Oncology has 13 locations and is part of the Mayo Clinic Care Network, a select group of independent providers that have access to Mayos expertise and resources.

FINALISTS/Masonic Cancer Center, University of MN | HealthPartners Frauenshuh Cancer Center

HealthPartners combines insurance, health care, and research under one roof, providing a continuum of care that is simpler and more affordable. With this integrated model, the Bloomington-based company has grown since 1957 into one of the largest nonprofit care organizations in the nation. HealthPartners serves nearly 2 million medical and dental plan members nationwide, ranging from small businesses to Fortune 100 companies and government. It has a reputation for lowering the cost of care and effectively managing drug costs. Continually growing its reach and products, it recently expanded in southwestern Minnesota and Iowa.

FINALISTS/Blue Cross and Blue Shield of Minnesota | Medica

HealthPartners aims to provide high-quality and affordable health care, paired with insurance offerings that help patients achieve their goals. For five years running, Bloomington-based HealthPartners has been named a Top 15 Health System in the nation by IBM Watson Health, based on criteria including lower death rates, lower costs, and higher patient satisfaction. Patients access care at HealthPartners nine hospitals, 53 primary care clinics, 23 dental clinics, and numerous specialty practices, staffed by nearly 2,000 physicians. Focused on health equity, HealthPartners aims to eliminate disparities in maternal and infant care, childhood immunizations, chronic conditions, and preventive screenings by 2025.

FINALISTS/Allina Health | M Health Fairview

Known for its excellent care and medical innovation, Abbott Northwestern in Minneapolis has long been recognized as one of the top hospitals in Minnesota. Abbott has been taking care of Minnesotans and their medical needs for 140 years. In 2021, Abbott was named one of Newsweeks Worlds Best Hospitals, while its Minneapolis Heart Institute was honored for cardiac care. The hospital also is regularly lauded for its cancer, neurology and neurosurgery, and rehabilitative care. Allina Health is currently updating Abbott during a 10-year, multimillion-dollar renovation that includes a new surgical and critical care pavilion and transportation hub.

FINALISTS/Methodist Hospital |M Health Fairview Southdale

Approaching 100 years of serving children and families, Childrens Minnesota is the only health care system in the state that exclusively treats children. It cares for patients from before birth through young adulthood at two freestanding Twin Cities hospitals, nine primary care clinics, and numerous specialty and rehabilitation clinics. Ranked regularly in U.S. News & World Report as a top childrens hospital system in the U.S., it strives to provide high-quality, family-centered care, paired with research and education. This year, Childrens will open an inpatient mental health center and a new mental health day program for teens.

FINALISTS/Gillette Childrens Specialty Healthcare |M Health Fairview Masonic Childrens Hospital

Owned and led by physicians, Twin Cities Orthopedics is a fiercely independent practice that prides itself on providing exceptional care. Its 1,800 employees work from 37 locations in Minnesota and Wisconsin to help patients overcome orthopedic challenges and live healthy lives. TCO relies on active research, outcomes data, and patient surveys to inform care, frequently developing new models like its sports medicine partnerships with professional, college, high school, and club teams. Its Training Haus program uses science, research, and sports medicine expertise to develop and rehabilitate athletes of all ages. TCOs providers serve the community through free sports physicals and concussion evaluations.

Originally posted here:
2022 Best of Business - Twin Cities Business Magazine

Qualcomm readying new Arm server chip based on Nuvia acquisition – The Register

Chipmaker Qualcomm is said to be preparing to re-enter the Arm server market, based on technology the company gained from its acquisition of startup Nuvia last year.

Qualcomm is reportedly seeking customers for a product that has resulted from its takeover of chip startup Nuvia early in 2021, according to Bloomberg, which cites the usual anonymous sources familiar with the matter.

Nuvia was an Arm processor startup established in 2019 by ex-Apple chip designer Gerard Williams, along with a handful of other notable CPU engineers from other companies, as detailed by The Register at the time.

Nuvia's focus was on developing Arm-based datacenter chips, but the story surrounding Qualcomm's acquisition was that it wanted the Nuvia team to bolster its own Arm processor expertise so that it could potentially design its own cores for its SnapDragon smartphone chips rather than using designs provided by Arm.

Qualcomm famously abandoned its previous Arm-based server processor project back in 2018, halting development of its 48-core datacenter-focused Centriq 2400, after the company was forced to cut costs following mishaps including a hostile takeover attempt from Broadcom and Qualcomm's own acquisition of NXP falling through.

The company wasn't the only one to get burned fingers from trying to get into the Arm server space, with Broadcom ditching its own server chip project, and AMD deciding to focus its server development efforts on the Zen x86 processor cores despite actually bringing the Opteron A1100 series of Arm server chips to market in 2016.

Things have changed, and the hyperscale and cloud companies have started to show a renewed interest in Arm server chips because of their greater power efficiency compared with other server chips.

A fresh wave of Arm server processors, spearheaded by Ampere Computing and its CEO, former Intel president Renee James, has been making some progress. Microsoft's Azure is hosting virtual machines running on Ampere Altra chips, and Google introduced its first Arm-based instances based on Ampere Altra last month. HPE also announced Arm-based ProLiant datacenter servers at its Discover 2022 conference in June.

According to Bloomberg's sources, AWS has shown an interest in Qualcomm's latest offering, implying that the chipmaker already has working silicon to at least demonstrate to potential customers. AWS already offers server instances using its own Graviton Arm-based chips.

We asked Qualcomm to confirm whether it is preparing an Arm-based datacenter chip, but the company was not immediately available to respond.

Earlier this year, Qualcomm expressed its interest in being part of a consortium of chipmakers that could join forces and buy Arm from its owner SoftBank, rather than the chip designer being floated on the stock market. Others, including Korean chipmaker SK hynix and Intel CEO Pat Gelsinger, also expressed an interest in joining any such consortium.

In comments to investors on an earnings call reporting its results for Q2 ended March, CEO Cristiano Amon said: "We're encouraged by the broad interest in our upcoming products, utilizing our industry-leading CPUs designed by our NUVIA team. We continue to drive the inevitable transition to ARM-based computing while redefining the future of mobile productivity."

He later added on the same call: "As we think about the next generation, we have been developing our own CPU that's been designed by the NUVIA team. And we are going after the performance tier for focus about high scale in the enterprise. And development is on track, and we expect to have that in late 2023."

Continued here:
Qualcomm readying new Arm server chip based on Nuvia acquisition - The Register

NICE Announces Top Tier Microsoft Azure IP Co-Sell Status with the Full Power of NICE CXone Now Available Natively on Azure – StreetInsider.com

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

NICE secures Microsofts highest level partner designation with a co-sell partnership for CXone

HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced the expansion of its partnership with Microsoft, delivering the full power of CXone on Azure to create frictionless, personalized digital customer experiences. NICE has received Top Tier status, Microsofts highest level partner designation, for Azure IP Co-sell driving deeper collaboration and a strong go-to-market momentum. This partnership leverages the power of CXone to help organizations globally to transform their customers experiences and build a digital first customer service operation.

With a joint global go-to-market co-selling strategy working together with key strategic accounts enabling rapid time to value, extreme agility and a faster path to the cloud, NICE and Microsoft will accelerate organizations adoption of CXone.

CXones advanced AI and full portfolio of voice and digital solutions and with its integrations with Teams, Dynamics, Nuance, ACS (Azure Communication Services), and Customer Insights, allows organizations of all sizes to create proactive, brand-differentiating interactions that exceed the expectations of the digital-first customer and goes beyond the boundaries of the contact center.

Paul Jarman, CEO, NICE CXone, said, Consumers today expect fast, convenient digital and self-service options. Through the expanded partnership with Microsoft and with CXone now available on Azure, and with our co-sell partnership, we are taking another step in the frictionless revolution allowing organizations to meet their customers wherever they choose to start their journey and create a cohesive digital experience. This better-together offering will foster customer experience interaction (CXi) modernization and provide a standard-setting choice for customers.

About NICEWith NICE (Nasdaq: NICE), its never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the worlds #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. http://www.nice.com

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.

Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Jarman are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, project, anticipate, plan, estimate, or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the SEC). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005366/en/

Corporate Media ContactChristopher Irwin-Dudek, +1 201 561 4442, ET[emailprotected]

InvestorsMarty Cohen, +1 551 256 5354, ET[emailprotected]

Omri Arens, +972 3 763 0127, CET[emailprotected]

Source: NICE

See more here:
NICE Announces Top Tier Microsoft Azure IP Co-Sell Status with the Full Power of NICE CXone Now Available Natively on Azure - StreetInsider.com

Fixing global payroll with cloud services – IT-Online

Paying people is a demanding task. It requires financial planning, input from different parts of the organisation, complying with legislation, and of course paying a valuable workforce on time. Then there are the ongoing demands of accurate reporting, improving payroll processes and protecting all the related data.

All the these issues apply to payroll for a single region or jurisdiction. Once the activity extends across several countries, it is exponentially more challenging.

A number of issues become much more complex with global payroll, says Heinrich Swanepoel, head of sales at cloud payroll platform PaySpace. The four biggest ones we encounter are compliance, security, integration and support. These factors are important for any payroll environment, but they become particularly tough when you cover multiple regions.

Cloud-based payroll systems successfully counter such challenges, and companies recognise the advantage. According to the Chartered Institute of Payroll Professionals, by 2019, 38% of companies used cloud-based payroll software, 37% used on-premise solutions, and 25% opted for licensing hosted single-tenant products.

In other words, the cloud is already leading the payroll world. But why, and what should organisations know about the advantages? Global payroll demonstrates why cloud payroll services are so successful.

The problem with paying people

Global payroll amplifies the technical challenges and shortcomings of a payroll system. Compliance is the most obvious example. Local and global laws create a minefield for administrators. On the local level, they must comply with legislation that varies from country to country and is always subject to changes. Globally, they must keep an eye on legal demands such as financial reporting standards.

The big problem with legislation is that it can change, but you can miss something crucial and get hit with penalties if you dont have enough local exposure, says Swanepoel. Most of the time, youll only discover the problem when there is an employee complaint or an inspection.

Traditional payroll systems dont cover such nuances or do so at very high costs. Alternatively, a company would need to use internal or outsourced staff to make manual updates. In contrast, global cloud payroll systems continually update legislative rules for the regions they cover. Cloud systems update universally, so all the users benefit from changes. If you wake up on a Monday and there are new payroll laws, you can expect them to reflect on your system.

Integration is the second significant barrier that on-premise and single-tenant systems struggle to overcome. Managing payroll requires information from different parts of the business, such as HR databases and department invoices. Administrators must wait for data from these areas, which can be messy (spreadsheets) or exposed to security risks (emails). If youre sitting at HQ in Nairobi and waiting for local payment data from Dar es Salaam, such issues compound very quickly. Again, cloud platforms provide an alternative.

If you use an integrated payroll system, you receive data continuously and automatically, explains Sandra Crous, MD of PaySpace. That helps stop the habit of drop everything payroll windows. It can also radically improve reporting, payroll processes, and makes payroll transactions more secure. Integration between different regional banks and currency systems saves an enormous amount of time while providing significant transparency.

Every business essentially wants a centre of record for payroll one stop which provides the data needed to process payments or create reports. Cloud platforms are very good at creating that.

Keep payroll safe and sound

Security and support are particularly crucial when working across multiple regions. Payroll data constitute among the most sensitive, critical and legally-protected information in a business. Sending payroll data manually across email and mobile messages is risky and could contravene data privacy laws.

On-premise payroll systems come from an era where such concerns barely registered. But the world has changed, and cloud payroll platforms have security in their DNA.

Good cloud platforms have to put security as a core part of their business, Swanepoel notes. We host customer data, so we must invest in good security and data practices. That means several things: using reputable cloud hosts that also invest a lot in security, employing internal security engineers, and getting the right certification. For example, we are certified ISO 27001, which is a rigorous standard ensuring we handle data correctly and securely.

Such characteristics are pillars of the best cloud hosting models and apply to every territory where the provider makes their services available. This philosophy also extends to support, says Swanepoel. You have to have local support for your customers, not just support for the software elements but also support for the business teams using the services.

Crous concludes: The impact of cloud technology on payroll systems is incredible. I have been in the payroll space for decades, yet Ive never seen this dramatic jump in what the software can do today. If youre still running payroll on older systems, especially across multiple countries, you need to look at what cloud payroll systems do differently.

Related

Go here to read the rest:
Fixing global payroll with cloud services - IT-Online

RECUR360 Ranks No. 1776 on the 2022 Inc. 5000 Annual List – GlobeNewswire

CAVE CREEK, Ariz., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today, Inc. revealed thatRECUR360, with Three-Year Revenue Growth of 346.95 Percent, is No.1776 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segmentits independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144percent. Together, those companies added more than 68,394 jobs over the past three years.

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

"I am honored and humbled to have RECUR360 listed as '1776' on the Inc5000 list for 2022.We could not have achieved this without our wonderful customer base. The achievement is an attestation to the devotion and loyalty of our staff to generate such revenue growth through the pandemic and latest economy." - Andrew B Abrams - CEO - RECUR360 TECHNOLOGIES LLC

RECUR360 TECHNOLOGIES LLC, "RECUR360", is a SaaS based platform providing enterprise level invoice generation, payment processing, sales tax and late fee calculation, accounts receivable and collections automation for QuickBooks Desktop and Online users.The RECUR360 API enables SaaS platforms to connect into RECUR360 as a bridge to QuickBooks and automate subscription billings.The R360 Cloud Hosting division provides remote desktops for the hosting of QuickBooks Desktop and integrated applications.RECUR360 was recognized as one of the Top 10 new Apps for QuickBooks Online in the 2017 $100,000 Showdown; Top Rated 25 Apps for QuickBooks Online by Maverick Merchant 2021.

CONTACT:

Andrew B Abrams - CEO -accounting@recur360.com - (602) 388-8933

More about Inc. and the Inc. 5000

Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independentnot subsidiaries or divisions of other companiesas of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always,Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue, available on August 23. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

Related Images

Image 1: RECUR360

Recurring Invoices, Payments, Late Fees, and Collections for QuickBooks

This content was issued through the press release distribution service at Newswire.com.

Read more:
RECUR360 Ranks No. 1776 on the 2022 Inc. 5000 Annual List - GlobeNewswire

SaaS/Cloud Risk-Based Validation With Time-Saving Templates Webinar (August 18, 2021) – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "SaaS/Cloud Risk-Based Validation With Time-Saving Templates" webinar has been added to ResearchAndMarkets.com's offering.

This webinar describes exactly what is required for compliance with Part 11 and the European equivalent Annex 11 for local, SaaS/Cloud hosted applications.

It explains how to write a Data Privacy Statement for compliance with EU General Data Protection Regulation (GDPR). What the regulations mean is described for all four primary compliance areas: SOPs, software features, infrastructure qualification, and validation. It gets you on the right track for using electronic records and signatures to greatly increase productivity and ensure compliance.

Areas Covered in the Webinar:

Who Should Attend:

Key Topics Covered:

What 21 CFR Part 11 means today

What does Part 11 mean?

Security standards

Data transfer standards

Audit trail standards

Electronic approval standards

Infrastructure qualification

Validation

SaaS/Cloud hosting

SOPs

Annex 11

EU GDPR

For more information about this webinar visit https://www.researchandmarkets.com/r/xk3ln

View original post here:
SaaS/Cloud Risk-Based Validation With Time-Saving Templates Webinar (August 18, 2021) - ResearchAndMarkets.com - Business Wire

Realizing opportunity at the edge with a distributed cloud database – TechRepublic

Image: Deemerwha studio/Adobe Stock Must-read big data coverage

The hype around edge computing is growing, and rightfully so. By bringing compute and storage closer to where data is generated and consumed, such as IoT devices and end-user applications, organizations are able to deliver low latency, reliable and highly available experiences to even the most bandwidth-hungry, data-intensive applications.

While delivering fast, reliable, immersive, seamless customer experiences are among the key drivers of the technology, another reason thats often understated is that edge computing helps organizations adhere to stringent data privacy and governance laws that hold businesses accountable for transferring sensitive information to central cloud servers.

Improved network resiliency and bandwidth costs also incentivize adoption. In short, without breaking the bank, edge computing can enable applications that are compliant, always on and always fast anywhere in the world.

SEE: Research: Digital transformation initiatives focus on collaboration (TechRepublic Premium)

Its no surprise that market research firm IDC is projecting edge networks to represent more than 60% of all deployed cloud infrastructures by 2023, and global spending on edge computing will reach $274 billion by 2025.

Plus, with the influx of IoT devices the State of IoT Spring 2022 report estimates that around 27 billion devices will be connected to the internet by 2025 enterprises have the opportunity to leverage the technology to innovate at the edge and set themselves apart from competitors.

In this article, Ill run through the progression of edge computing deployments and discuss ways to develop an edge strategy for the future.

Early instantiations of edge computing deployments were custom hybrid clouds. Supported by a cloud data center, applications and databases ran on on-premises servers that a company was responsible for deploying and managing. In many cases, a basic batch file transfer system was usually used to move data between on-premises servers and the backing data center.

Between the capital and operational expenditure costs, scaling and managing on-premises data centers can be out of scope for many organizations. Not to mention, there are use cases such as off-shore oil rigs and airplanes where setting up on-premises servers simply isnt feasible due to factors such as space and power requirements.

To address concerns around cost and complexity of managing distributed edge infrastructures, its important for the next generation of edge computing workloads to leverage the managed edge infrastructure solutions offered by major cloud providers, including AWS Outposts, Google Distributed Cloud, and Azure Private MEC.

Rather than having multiple on-premises servers storing and processing data, these edge infrastructure offerings can do the work. Organizations can save money by decreasing expenses related to managing distributed servers, while benefiting from the low latency offered by edge computing.

Furthermore, offerings such as AWS Wavelength allow edge deployments to make use of the high bandwidth and low latency features of 5G access networks.

Leveraging managed cloud-edge infrastructure and access to high bandwidth edge networks solve part of the problem. A key element of the edge technology stack is the database and data sync.

In the example of edge deployments that use antiquated file-based data transfer mechanisms, edge applications run the risk of operating on old data. Therefore, its important for organizations to build an edge strategy that takes into account a database suitable for todays distributed architectures.

Organizations can store and process data in multiple tiers in a distributed architecture. This can happen in central cloud data centers, cloud-edge locations and on end-user devices. Service performance and availability gets better with each tier.

To that end, embedding a database with the application on the device provides the highest levels of reliability and responsiveness, even when network connectivity is unreliable or nonexistent.

However, there are cases where local data processing isnt sufficient to derive relevant insights or where devices are incapable of local data storage and processing. In such cases, apps and databases distributed to the cloud-edge can process data from all the downstream edge devices while taking advantage of low latency and high bandwidth pipes of the edge network.

Of course hosting a database at the central cloud data centers is essential for long term data persistence and aggregation across edge locations. In this multi-tier architecture, by processing the bulk of data at the edge, the amount of data backhauled over the internet to central databases is minimized.

With the right distributed database, organizations are able to ensure data is consistent and synchronized at every tier. This process isnt about duplicating or replicating data across each tier; rather, its about transferring only the relevant data in a way that isnt impacted by network disruptions.

Take retail, for example. Only data related to the store, such as in-store promotions, will be transferred down to store edge locations. The promotions can be synced down in real-time. This ensures store locations are only working with data relevant to the store location.

SEE: Microsoft Power Platform: What you need to know about it (free PDF) (TechRepublic)

Its also important to understand that in distributed environments, data governance can become a challenge. At the edge, organizations are often dealing with ephemeral data, and the need to enforce policies around accessing and retaining data at the granularity of an edge location makes things extremely complex.

Thats why organizations planning their edge strategies should consider a data platform that is able to grant access to specific subsets of data only to authorized users and implement data retention standards across tiers and devices, all while ensuring sensitive data never leaves the edge.

An example of this would be a cruise line that grants access to voyage-related data to a sailing ship. At the end of the trip, data access is automatically revoked from cruise line employees, with or without internet connectivity, to ensure data is protected.

The right edge strategy empowers organizations to capitalize on the growing ocean of data emanating from edge devices. And with the number of applications at the edge rising, organizations looking to be at the forefront of innovation should expand their central cloud strategies with edge computing.

Priya Rajagopal is the director of product management at Couchbase, (NASDAQ: BASE) a provider of a leading modern database for enterprise applications that 30% of the Fortune 100 depend on. With over 20 years of experience in building software solutions, Priya is a co-inventor on 22 technology patents.

More here:
Realizing opportunity at the edge with a distributed cloud database - TechRepublic

CANCOM: Group revenue in the second quarter at the prior year’s level. Noticeable improvements visible since June. – Marketscreener.com

DGAP-News: CANCOM SE / Key word(s): Half Year Results/Half Year ReportCANCOM: Group revenue in the second quarter at the prior year's level. Noticeable improvements visible since June.

11.08.2022 / 08:00 CET/CESTThe issuer is solely responsible for the content of this announcement.

CANCOM: Group revenue in the second quarter at the prior year's level. Noticeable improvements visible since June.

Munich, Germany, 11 August 2022 - As in the first quarter, the CANCOM Group's revenue development in the second quarter 2022 was hampered by the effects of insufficient availability of IT components. Overall, CANCOM generated Group revenue of 298.8 million in the second quarter 2022, roughly matching the prior year's level (prior year*: 303.6 million). Group EBITDA for the second quarter 2022 was 24.7 million (prior year*: 27.0 million).For the first half of 2022, the CANCOM Group's revenue was 595.5 million (prior year*: 635.1 million) and Group EBITDA was 51.1 million (prior year*: 52.9 million).

"We have struggled with very burdensome general conditions in the first half of 2022 and have therefore not been able to translate the potential of our record-high order backlog into growth. However, now that the reluctance of our public-sector clients has dissipated since June and there is a noticeable easing in the IT supply chain, we are seeing a turnaround in revenue development," said Rudolf Hotter, CEO of CANCOM SE.

The CANCOM Group's cash flow from operating activities in the second quarter 2022 was -49.8 million (prior year: -19.0 million) and continued to reflect the consequences of the limited availability of IT components. In the first half of 2022, cash flow from operating activities thus amounted to -126.1 million (prior year: -30.9 million).Cash and cash equivalents totalled 389.0 million as at 30 June 2022 (31 December 2021: 653.0 million), mainly due to the development of the operating cash flow as well as the implemented share buyback programme.

During the second quarter, the Executive Board of CANCOM SE put the subsidiaries of the CANCOM Group in the USA up for sale and reclassified them accordingly as "held for sale" in the financial reporting for the current and prior financial year. The move continues the concentration of business activities on the DACH region. The CANCOM Group's US business had a revenue volume of 18.5 million in 2021.

Cloud Solutions dynamic, IT Solutions still burdened by supply chains In the Cloud Solutions segment, CANCOM increased revenue in the second quarter 2022 to 70.1 million (prior year*: 55.0 million). EBITDA grew to 18.9 million (prior year*: 17.7 million). The EBITDA margin in the segment was 27.0 percent (prior year*: 32.1 percent). The key figure for recurring revenue, Annual Recurring Revenue (ARR), which is also allocated to the Cloud Solutions segment, increased to 203.9 million as at 30 June 2022 (prior year*: 163.4 million).For the first half of 2022, the Cloud Solutions segment thus generated revenue of 145.6 million (prior year*: 114.0 million) and EBITDA of 41.5 million (prior year*: 35.3 million). CANCOM's Cloud Solutions segment covers the IT as a Service business.

In the IT Solutions segment, revenue in the second quarter 2022 was 228.5 million (prior year*: 248.5 million) and EBITDA was 9.5 million (prior year*: 13.8 million). The EBITDA margin in the segment was accordingly 4.2 percent (prior year*: 5.6 per cent).In the first half of 2022, the IT Solutions segment thus generated revenue of 449.6 million (prior year*: 521.0 million) and EBITDA of 17.9 million (prior year*: 26.3 million). In the IT Solutions segment CANCOM reports on the project-based IT as a Concept business.

Positive outlook: Catch-up effects expected in the second half of the year"The seasonality of our business model means that we generally have a higher business volume in the second half of the year than in the first, especially due to the fourth quarter, which is always particularly important. But above all, we have seen an easing in the IT supply chain since June and, in addition, the expected noticeable revival of demand in the public sector has occurred, so that we now expect corresponding catch-up effects. Overall, general customer demand for digital solutions remains high at this point in time," said Hotter.

Despite continuing major geopolitical and macroeconomic uncertainties, the Executive Board of CANCOM SE expects Group revenue and gross profit to increase significantly in the financial year 2022, as well as Group EBITDA and Group EBITA to increase significantly. The influence of the emerging economic slowdown and the geopolitical crises on the short-term business development of the CANCOM Group, which is difficult to assess, as well as the further development of the IT supply chain situation after the improvement that has now taken place, continue to be the main risks for the forecast.

The complete half-year financial report 2022 of the CANCOM Group is published on the website http://www.cancom.de in the Investors section.

*Note on comparative key figuresThe Group company HPM Incorporated, which operates in the USA, was classified as "held for sale" for the first time in CANCOM SE's half-year financial report 2022. As a result, the published key financial figures in the income statement and segment reporting for the first half of the 2021 financial year have been retroactively adjusted (further information in section A.2.2.3 of the 2022 half-year financial statements). Furthermore, the balance sheet items as at 30 June 2022 relating to HPM Incorporated were reclassified for this reason (further information in section B.2 of the 2022 half-year financial statements).

About CANCOMAs a Digital Transformation Partner, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source.

The CANCOM Groups range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings.

With more than 4,000 employees, CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium and the USA. The CANCOM Group is led by Rudolf Hotter (CEO), Thomas Stark (CFO) and Rdiger Rath (COO). The company is headquartered in Munich. CANCOM generated revenue of around EUR 1.3 billion in the financial year 2021. Its parent company CANCOM SE is listed in the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).

ContactSebastian BucherManager Investor Relations+49 89 54054 5193sebastian.bucher@cancom.de

NoteIf you do not wish to receive information from us via e-mail, please write to ir@cancom.de.

Data protection notificationYou are receiving this invitation because you are included in the CANCOM investor information e-mail distribution list. You have been included as you have indicated in the past to be informed about company news. For this reason CANCOM stores and processes personal data like name and e-mail address to be able to provide to you this service. CANCOM stores and uses this data solely to obtain information about the development of the shareholder communication and to be able to contact investors as part of the investor relations activities.

General information on the use of data by CANCOMCANCOM will not pass on personal data obtained in the course of investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is that CANCOM receives a request for data transmission from competent authorities such as the Federal Financial Supervisory Authority.Even after you have agreed to receive investor information from us and thus permitted CANCOM to store and use your personal data, you have the right to revoke this agreement at any time. All you need to do is send an informal message by e-mail to widerspruch@cancom.de or to ir@cancom.deFor any further information about CANCOM's privacy policy, who to contact or your individual rights as a data subject, please visit our website https://www.cancom.com/privacy-protection/

11.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at http://www.dgap.de

See original here:
CANCOM: Group revenue in the second quarter at the prior year's level. Noticeable improvements visible since June. - Marketscreener.com

NICE Selected by Scope to Deliver Frictionless Customer Experience Through Digital CX Cloud Platform – Business Wire

HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced that Scope, one of Australias largest providers of disability support services, has chosen the NICE CXone platform to help streamline its contact center operations and better support its clients across Victoria and New South Wales (NSW). The implementation provides Scope with one smart and complete CX platform underpinned by omnichannel capabilities that will scale and expand with the business into the future.

Scope has more than 70 years of experience supporting people with physical, intellectual, and multiple disabilities and developmental delays. Following its acquisition of NSWs Disability Services Australia (DSA) in 2021, and to keep pace with changing industry needs and requirements, Scope needed to upgrade its system to a centralized solution that could provide more consistent call management. In addition, it needed a solution that offered comprehensive call tracking and recording for improved training, quality, and audit purposes that wouldnt risk its compliance. Scope engaged NICE partner Generation-e to help it transition from its outdated incumbent on-premise solution to a cloud-based contact center solution that integrates seamlessly with Microsoft Teams Voice and Contact Center.

With CXone, Scope can now look to intelligently meet its customers wherever their journey begins, enable resolution through data-driven self-service, and arm agents with the tools they need to create a personalized, efficient resolution for any needs event, delivering frictionless experiences across the entire customer journey for the contact center and beyond.

Glenn Rao, Project Manager, Scope, said, Scope is in the midst of a once-in-a-generation, sector-wide transformation, which has presented an opportunity to recalibrate as a business and put client choice and control at its heart. As part of this transformation, Scope needed to transition to a more consistent and comprehensive cloud-based contact center solution that would scale with the business and deliver a platform for future growth.

Scope identified NICE CXone as its ideal solution as it offered more features, functionality, and call recording capabilities. In addition, CXone offered the scalability that Scope needs to support its continued growth across Australia. CXone also lets Scope more easily manage and train staff, which in turn lets the company better support its most vulnerable customers.

Darren Rushworth, President, NICE International, said, NICE, along with its implementation partner, Generation-e, is pleased to help Scope to successfully implement CXone across the organizations contact center operations. Scope provides essential services for vulnerable Australians, and CXone is helping the organization streamline its contact center engagement and deliver greater support for its clients through exceptional, frictionless agent and customer experiences.

Biagio LaRosa, Managing Director, Generation-e, said, Given the changing environment that Scope operates in and the type of customers it caters to, NICE CXone was the ideal cloud-based solution to help the organization deliver the comprehensive support for its clients. CXone provides a great user experience for staff and the end customer. Based on its scalability, CXone was the solution Scope needed to support its operations now and into the future.

About ScopeAt Scope, we see the person. Our mission is to enable each person to live as an empowered and equal citizen. We are one of Australias leading providers of support services for adults and children with disabilities, autism, or developmental delays. We work with corporate and community organisations to create a more inclusive society for people with a disability.

About NICEWith NICE (Nasdaq: NICE), its never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the worlds #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. http://www.nice.com

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.

Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Rushworth, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, project, anticipate, plan, estimate, or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the SEC). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

See original here:
NICE Selected by Scope to Deliver Frictionless Customer Experience Through Digital CX Cloud Platform - Business Wire