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New Suzy Research Shows Brands Will Need to Shift Strategies to Meet Consumer Preferences this Holiday Season

Suzy

NEW YORK (Oct. 22) -- Suzy , a real-time market research platform, today announced its new research report, “State of the Consumer: 'Tis the Season for Uncertainty,” revealing data about holiday shopping, travel and anticipated consumer spending amid the COVID-19 pandemic. The report found that Americans will rely on virtual connections during the holidays and shift gift giving strategies, meaning brands will have to plan accordingly. Less travel and turkey this Thanksgiving for most Due to continued social distancing guidelines, many Americans are changing their traditional plans, including how and where they will travel during the holidays. Suzy’s research revealed that 75% of young adults do not plan to travel during Thanksgiving and more than one-third of overall respondents (38%) are still undecided about their December holiday plans. While some will try to visit family and friends in-person this Thanksgiving, Suzy found that the majority of respondents have significantly changed their plans. In fact, only 10% either plan to host or attend a Friendsgiving and only about half (53%) will cook a turkey this year. Additionally, indicating major changes for the airline and auto rental industries, respondents are shifting their travel habits: 86% of those who do intend to travel for Thanksgiving are only visiting family, and 71% of those are electing to travel by car. Apprehension remains for public transportation, as only 17% plan to fly, 8% will rely on bus transportation and 3% will take a train for their holiday travel. Zero percent of people aged 60 to 72 years old plan to travel by plane. 29% plan to attend a virtual family event. “Our research shows that major brands are going to have to adjust their advertising, promotions and sales strategies this holiday season to meet consumer demand and expectations,” said Suzy President Avi Savar. “The holidays are a critical time for brands every year, but this year is especially high-stakes for retailers due to market fluctuations associated with the COVID-19 pandemic.” Uncertainty looms around holiday shopping According to Suzy research, holiday shopping plans are still in major flux as consumers aren’t sure how much they will spend this year. In fact, according to Suzy research: 38% are not sure how much they will spend on Black Friday/Cyber Monday, while 22% plan to spend less on Black Friday/Cyber Monday. 12% plan to spend more on Black Friday/Cyber Monday. 32% plan to shop on Black Friday, versus 63% of people who shopped during Black Friday in 2019. 53% are either unsure how much they will spend or plan to spend less on gift giving this holiday season. 65% think it is most important to buy gifts for their kids; 61% are prioritizing buying gifts for their significant other. “Based on our research, it appears that long distance gifting and care packages will become a reality, as people ship presents to loved ones that they cannot be with in person. Brands must change their strategies accordingly to meet these gift giving needs,” added Savar. “Additionally, consumers will be looking to their most frequently shopped retailers to offer deep promotions and discounts to make the holidays a little easier on their psyche and wallets.” A complete State of the Consumer: 'Tis the Season for Uncertainty report is available upon request. About the State of the Consumer: 'Tis the Season for Uncertainty: Suzy’s State of the Consumer: 'Tis the Season for Uncertainty study surveyed 1,000 U.S. consumers in September 2020. The samples are directionally representative of U.S. consumers and census-weighted across age, gender, ethnicity, and region to accurately reflect attitudes across the broader American consumer population. Founded in 2017, Suzy is an enterprise software platform that puts the voice of the consumer at your fingertips. Whether you’re a novice or an expert researcher, Suzy delivers advanced tools combined with the highest-quality audience to deliver insights in minutes. Many of the biggest brands in the world use Suzy to deliver breakthrough products and experiences backed by data-driven decisions. To date, Suzy has raised over $35MM in venture capital funding from investors that include Bertelsmann Digital Media Investments, Foundry Group, Tribeca Venture Partners, Triangle Peak Partners, and Kevin Durant’s 35 Ventures. Learn more at www.suzy.com. Contact Details Noe Sacoco +1 408-340-8130 suzy@trustrelations.agency Company Website http://suzy.com/

October 22, 2020 08:00 AM Eastern Daylight Time

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Comodo Announces ARFA Technology as Partner for Pan African Cybersecurity Marketplace

Comodo

Comodo, the world’s leader of next-generation cybersecurity announced a partnership with ARFA Technology Ltd. a Pan African company that specializes in cybersecurity solutions. ARFA is bringing Comodo’s entire range of cybersecurity solutions to every country in the African market. “We are a new Comodo distributor that is based in Africa and understands the needs of our local customers. We know that most enterprises in Africa do not have the luxury to invest in multiple cybersecurity solutions to secure their networks. Comodo’s platform offers advanced endpoint protection and auto containment, plus antivirus and other functionalities. With just a single SKU our customers have comprehensive cybersecurity solutions,” said Faustine Ebangha, Co-Founder and Channel Sales Director at ARFA Technology. Faustine continued, “We evaluated Panda, McAfee, Crowdstrike and Kapersky but Comodo’s breadth of capabilities and pricing makes it the best cybersecurity product in the global market. The competition either does not have the competences that Comodo offers or they charge for it separately, making their solutions too cost prohibitive to the enterprises we serve.” ARFA Technology will offer Comodo’s Dragon platform with Advanced Endpoint Protection (AEP), which is a complete cloud-native framework that delivers a zero-trust architecture to protect and defend endpoints. Its patent-pending auto containment technology has active breach protection that neutralizes ransomware, malware and cyber-attacks. The auto containment runs an unknown executable in a kernel API virtualized mode, thereby offering attack surface reduction (ASR) which neutralizes ransomware attacks. The Dragon Platform also utilizes a Default Deny security posture with Default Allow usability to provide a most comprehensive protection against zero-day threats, while having no impact on end-user experience or workflows. Comodo’s Valkyrie analyzes and gives a trusted verdict for every file – no other company will analyze and give trusted verdict for 100% of the files on a network. Comodo’s platform shares intelligence and is therefore more secure than disparate products that claim best of breed but don’t share information. Comodo has architected its cybersecurity product to maximize intelligent sharing between every component of the platform, therefore providing superior security. Alan Knepfer, President and Chief Revenue Office at Comodo said, “This partnership has empowered ARFA to make Comodo solutions and attractive pricing available to customers in every single country in Africa and they’ve had great success. They only recently introduced Comodo’s solutions to the African market and have already closed several deals with customers, with more expected very soon.” About ARFA Technology Ltd. ARFA Technology Ltd is a Pan African company that specializes in cybersecurity solutions. For more information contact us at sales@arfatechnology.com About Comodo Comodo is the world’s leader of next-generation open source cybersecurity, with the industry’s most disruptive innovations. We help customers stop breaches with groundbreaking auto containment technology that neutralizes ransomware, malware and cyber-attacks. Our complete cloud-native framework delivers a zero-trust architecture with active breach protection for the most comprehensive defense against zero-day threats. Comodo’s cybersecurity products maximize intelligent sharing between every component of the platform, therefore providing superior security. We are the only company that analyzes and gives a trusted verdict for 100% of files on a network. Comodo leverages innovation to celebrate and support the cybersecurity community by offering the very first open source endpoint detection and response (EDR). We believe that an open source model using community-powered collaboration will ensure that every organization has access to the industry’s most sophisticated EDR. Headquartered in Clifton NJ, Comodo’s global development team and threat intelligence laboratories deliver innovative, category leading, security solutions for thousands of companies’ endpoints, network boundaries, and internal networks. For more information visit https://www.comodo.com/ Contact Details Carolyn Muzyka +1 973-859-4000 carolyn.muzyka@comodo.com Company Website http://www.comodo.com

October 20, 2020 10:02 AM Eastern Daylight Time

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Kardex Remstar Launches the LR 35 Vertical Buffer Module

Kardex Remstar

Kardex Remstar, a manufacturer of dynamic storage and retrieval systems, has launched the LR 35 Vertical Buffer Module. Featuring a cost-effective, tote-based handling system designed to support multi-channel fulfillment and reduce labor requirements, the LR 35 Vertical Buffer Module has entered the market at a time when retailers across the globe are facing increased demand due to rising numbers of online orders. "From meeting social distancing guidelines due to the COVID-19 pandemic to helping companies cut down on labor costs, the LR 35 Vertical Buffer Module is the ideal solution for businesses struggling to fill a larger volume of orders than ever before," said Ronnie Weaver, area sales manager at Kardex Remstar. For more information on the LR 35 Vertical Buffer Module, see the following resume and success story: About Kardex Kardex is a global industry partner for intralogistic solutions and a leading supplier of automated storage solutions and material handling systems. The Group consists of two entrepreneurially managed divisions, Kardex Remstar and Kardex Mlog. Kardex Remstar develops, produces and maintains dynamic storage and retrieval systems and Kardex Mlog offers integrated materials handling systems and automated high-bay warehouses. The two divisions are partners for their customers over the entire lifecycle of a product or solution. This begins with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. Over 1 900 employees in over 30 countries work for Kardex. Disclaimer This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex' ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex' past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Chelsea Tarr +1 207-591-3184 Chelsea.tarr@kardex.com Company Website https://www.kardexremstar.com/us.html

October 20, 2020 08:34 AM Eastern Daylight Time

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Cyvatar Named Finalist in Computing Security Excellence Awards 2020

Cyvatar

Cyvatar today announced that it has been chosen as a finalist for the Small and Medium Enterprise (SME) Security Solution Award in Computing’s 2020 Security Excellence Awards . Computing celebrates the achievements of the IT industry's leading security companies, solutions, products, and personalities that keep every other part of the industry operating. Award categories include product-and project-related recognition, organizational achievements, and accolades for outstanding individual success. Computing selected Cyvatar for its cybersecurity-as-a-service (CSaaS) solution for SMEs , an all-in-one subscription-based offering that builds bespoke solutions for customers who are not large enough to invest in in-house security teams, do not have the runway to experiment with multiple security tools as they scale, or cannot compete against larger firms for the scarce number of skilled resources available. By pairing skilled security experts with market-leading technologies across the security spectrum and pricing based on consumption, Cyvatar can deliver guaranteed business outcomes and demystify the complexities inherent in cyber defense. “Every organization is different, but most vendors don’t treat them that way,” said Cyvatar Founder Corey White . “We work side by side with our customers--not across the table from them--to break down barriers that impede a strong protective posture and create a flexible, affordable environment that fosters positive security experiences. No other services provider matches the quality of our technology partners, the deep skills of our security experts, or the business outcomes we guarantee.” Cyvatar believes in the democratization of cybersecurity, ensuring that protection from breaches is accessible and affordable to SMEs--not just to enterprises with deep pockets and dedicated security teams. It also believes in teaching and training SMEs to get the most from every dollar they spend on cybersecurity without the shrouded black-box approach that requires vendor-specific support to operationalize. And Cyvatar lives its values. Its promise to SMEs states that it will never tell customers to buy unnecessary products or hire unneeded resources; will ensure customers make the best security investments for functionality and value; and will consistently deliver maintainable and sustainable business, compliance, and technology outcomes. What security challenges are you trying to solve? What barriers do you face? Visit https://start.cyvatar.ai/ to explore the ways Cyvatar can help. About Cyvatar Cyvatar.ai is a transformative cybersecurity company that operates at the intersection of our customers and technology to define what a cybersecurity solution should be: guaranteed business outcomes that are measurable. We break down barriers to create positive experiences for passionate companies globally. Cyvatar is headquartered in Irvine, California. Learn more at https://cyvatar.ai/ and follow us on LinkedIn and Twitter . Contact Details KC Higgins +1 303-434-8163 kc@cyvatar.ai Company Website https://cyvatar.ai/

October 20, 2020 08:34 AM Eastern Daylight Time

Measure Announces Free Version of Ground Control Drone Software

Measure

Measure, a leading aerial intelligence company, has announced a series of changes to Ground Control, its complete software solution for automating drone operations workflows. In addition to a new pricing model featuring a free version of the application, updates include social login functionality, automated Ground Control Points (GCP) support, flight log downloads, and expanded Scopito and Pix4D integrations. Ground Control is designed to provide a completely automated experience that makes it easy to streamline operations and program oversight. These essential elements companies need to scale their drone programs and realize the transformative benefits of aerial intelligence. “Everyone should have affordable access to tools like flight logging and quality mapmaking,” said Brandon Torres Declet, CEO and Co-founder of Measure. “Automation, quality design, accessibility, and cost-effectiveness are crucial for the continued growth of the drone industry, and Measure has made significant contributions to this growth with its recent updates to Ground Control.” The changes are as follows: The new pricing model includes a Free version featuring an automated solution for managing basic drone operations, a Pro version starting at $69 per month for pilots who want to fly and create unlimited maps, and a customizable Enterprise version which provides features, integrations, and support for organizations of all sizes. Google Social Login enables users to sign-up with the click of a button using their Google account. The Ground Control Points Support feature enables Pro and Enterprise users to auto-detect Ground Control Points (GCP) through the completely integrated Pix4D cloud engine for increased map accuracy. Users can now download CSVs of their Measure Ground Control or synced DJI flight logs, featuring 274 points of data recorded 10 times per second. Next month, Measure will expand its Scopito integration to existing and new Enterprise users, starting with an easy-to-use automated workflow for buildings and transmission and distribution lines. For more information about Measure’s free drone mapping software and subscription options, visit Measure’s website. About Measure Measure is an aerial intelligence company that builds software to automate drone operations workflows. With end-to-end program management, user-friendly flight control, and in-platform data analysis, our comprehensive software solution, Ground Control, helps businesses save thousands of hazardous man-hours and create millions of dollars in operational benefits. Contact Details Media Contact +1 202-793-3052 news@measure.com Company Website https://www.measure.com/

October 20, 2020 07:57 AM Eastern Daylight Time

Global Maritime Information Coalition formed in response to SHIPPINGInsight 20/20 Call for Collaboration Amongst Stakeholders

SHIPPINGInsight

In response to last week’s repeated calls for industry collaboration at SHIPPINGInsight Fleet Optimization and Innovation Conference and Exhibition , its Chief Evolution Officer, Carleen Lyden Walker, announced the formation of the Global Maritime Information Coalition (GMIC) designed to address the lack of unified messaging to the public about the maritime industry. “The recent crew change crisis has illuminated the maritime’s low awareness in the public’s consciousness”, stated Walker. “Despite the importance of the maritime industry to global society, seafarers were not deemed ‘essential workers’ alongside firemen, policemen, medical personnel, and other worthy groups. Much of this is due to the lack of understanding how dependent the world’s community is on shipping, providing it with food, energy, medical supplies and more.” “Since its inception, the maritime industry has been in the forefront of globalization as the literal ‘engine of global trade’, carrying more than 90% of the world’s goods and energy” stated Walker. “Because of its siloed roots, however, this essential service remains nearly invisible to the public. The Global Maritime Information Coalition intends to be a global resource to benefit the industry and communicate its value proposition to the public.” While this lack of awareness has been identified for decades, there has been little achieved to overcome it. “Individual groups have attempted to reach the public, but there has been no global, unified organization chartered to create awareness of the maritime sector and deliver key messages to the public about its role and importance” observed Walker. “Leveraging today’s communication tools along with a unification of the global maritime community, the Global Maritime Information Coalition will enable our industry to increase our visibility, communicate our value proposition, improve the public’s perception of our activities, and deliver targeted messages to global society.” The objective of the GMIC is to develop a unified platform for the global maritime community to raise the awareness of the global maritime industry and its value amongst the public, improve society’s image of the sector, provide unified messaging about the industry, be a resource for governments to learn about the industry, act as a portal for groups to communicate with the maritime industry, inform students and the public about career opportunities available in the industry. The next steps in the formation of the Coalition is to recruit global, national and regional industry organizations, government agencies, corporations and NGOs to join the GMIC and establish a work program for the organization. It is anticipated there will be four major areas of engagement: value proposition of the industry, its commitment to decreasing maritime’s environmental impact, industry’s technological advances, and maritime as a career opportunity. For more information, contact Carleen Lyden Walker, c.walker@shippinginsight.com . Originally established in 2012, SHIPPINGInsight has grown steadily each year. Focusing on fleet optimization and innovation, the event provides a forum for fleet managers and solution providers to exchange ideas and discuss challenges in facing the transformation of the industry. More than 300 delegates from 19 countries attended the 2019 event, including 76 shipping company executives. With the virtual platform, this year’s event will reach globally. For more information, please visit www.shippinginsight.com . Contact Details Carleen Lyden Walker +1 203-260-0480 c.walker@shippinginsight.com

October 19, 2020 07:00 PM Eastern Daylight Time

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CMMC Center of Excellence Announces Memorandum of Understanding with Parava Security Solutions LTD

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is proud to announce a Memorandum of Understanding with Parava Security Solutions Ltd in the UK, and the establishment of the CMMC COE EU. This unique partnership will extend efforts to advance the goals and objectives for improving the cyber and supply chain security and resilience of the US Department of Defense (DoD) global Defense Industrial Base (DIB) network of contractors, suppliers, and vendors. The executed MOU establishes a cooperative agreement between Parava Security Solutions Ltd. and CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices for the DIB contractor community and the information and communications technology community creating a broader CMMC ecosystem to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Source qualified CMMC/ cyber professionals to serve as cyber advocates. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( www.cmmc-coe.org ) and the CMMC COE EU ( https://cmmc-eu.com/ ) will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. The CMMC-COE partner network will share a wide range of capabilities from member organizations, including; cyber standards frameworks, education, solution architectures, cyber mentoring, workforce, and other elements needed to scale to the demands of the entire DIB market place in the US and abroad (approximately 400,000 contractors). The CMMC-COE is establishing both a Market Place and Knowledge Clearinghouse that includes resources supporting the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more.. to help reduce the cost and burden on small/medium size contractors already struggling from the impact of COVID. “This is a momentous occasion for us” , said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence , “Our European center will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD) beyond North America”. For more information on the CMMC COE, please visit Americas: http://cmmc-coe.org email info@CMMC-COE.org or call +1-703-863-3766 Europe: https://cmmc-eu.com/ email andy@cmmc-eu.com or call +44 (0) 7734 113952 For more information on Parava Security Solutions, Ltd., please visit https://www.parava.org/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Parava is a cyber security advisory firm, with experience in providing strategic, tactical, and operational cyber security, risk oversight, and assurance services to Government agencies and private companies in Europe. For more information on Parava Security Solutions, Ltd., please visit https://www.parava.org/ For more information on the CMMC COE EU, please visit https://cmmc-eu.com/ Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

October 19, 2020 06:00 PM Eastern Daylight Time

RTCORE Announces Executive Appointment

RTCore Inc

October 16, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “ Company ”) is pleased to announce that John Kelly has been appointed Executive Vice President and Chief Operating Officer, reporting directly to Phil Walton, the Company’s Chairman and Chief Executive Officer. Prior to his appointment, John served as Executive Vice President, Chief Administrative Officer for Pentagon Federal Credit Union, the nation’s 2nd largest Federal Credit Union. A frequent guest speaker at national conferences on banking, payments and the evolution of technology in financial services, John also contributes articles to several industry publications. “John is an accomplished senior executive with more than 20 years of experience in the financial services industry, having built a track record of transformational growth in consumer banking products, operations and customer experiences,” said Phil Walton, Chairman and CEO, RTCore Inc. “Grounded by a passion for setting strategy and building businesses, John in an entrepreneurial leader recognized for vision and energized by innovation and the opportunity to deliver game-changing results.” Effective immediately, Kelly will assume responsibility for the Company’s daily operations, including oversight of all subsidiary companies, corporate marketing and professional services, ensuring operational excellence across the company. “I am excited to join RTCORE at such a pivotal point in its trajectory,” said Kelly. “From our first discussions, it became apparent to me the company’s technology is transformational, the team is filled with exceptional talent, and there is a real opportunity to empower clients to drive meaningful change in how they scale their businesses in real time.” About RTCORE Inc. Headquartered in Charlotte, NC, RTCORE Inc. is an industry leader in the design, development and commercial deployment of Cloud-native, real time transaction processing software for the global financial services industry. Safe Harbor Statement -This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company’s business plans and the company's growth strategy and operating strategy. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. RTCORE, Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above. Contact: RTCORE Inc. +1 (704) 965-4087 contact@realtimecore.com Contact Details Phil Walton +1 704-965-4087 philwalton@realtimecore.com Company Website https://www.realtimecore.com

October 16, 2020 09:42 AM Eastern Daylight Time

Matic Raises $24M in Series B Funding Round

Matic Insurance

Matic , a leading digital insurance agency, announced today the close of a $24 million funding round led by IA Capital. The new funding will support the growth of Matic’s partnerships and integrations with insurance carriers and distribution partners across emerging channels and verticals. Matic’s proprietary technology reduces the time it takes to compare and purchase policies from an average of two to three days to less than 10 minutes, expediting loan closings and helping mortgage customers save money. In addition to fueling their recent expansion into auto and life insurance, the new funding will support partnerships outside of the mortgage industry. Matic was recently awarded a contract with a top five global financial institution to deploy their insurance solutions across origination, servicing, and banking client channels. “With our B round secured, we will be able to further support customer and partnership demand across new channels,” said Matic CEO Ben Madick. “I am excited to have our new investors on board and for our existing investors to continue to support our mission of simplifying insurance. I am thrilled to have Andrew Lerner join our board of directors, bringing 25 years of financial services and insurance industry experience to our team of over 150.” “Matic has been synonymous with expertise in insurtech since their inception a few years ago,” said Andrew Lerner, Managing Partner, IA Capital. “We chose to partner with Matic because of their unrivaled proprietary technology, differentiated distribution, and the customer-focused vision and values carried forth by their team. We look forward to seeing Matic’s growth continue as they expand their product offerings, partnerships, and internal talent.” Amid the COVID-19 pandemic, Matic’s customer-centric model continued to grow and navigate the changing home buying and refinancing landscape, seeing a 40% increase in customers leveraging the platform in Q2 compared to Q1. Throughout this time they maintained their industry-leading NPS of 88 and continued to save customers over 30% per year. In addition to IA Capital, participating investors include Cultivation Capital, Clocktower Technology Ventures, MTech Capital, The K Fund, Protection America, Nationwide Ventures, Anthemis Group, ManchesterStory, Franklin Madison, and Fenway Summer. About Matic Since 2014, Matic has changed the landscape of the insurtech industry by integrating home insurance within the homeownership experience. Today, Matic’s digital insurance marketplace has over 30 A-rated home and auto carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, real estate, and personal finance. With a single-minded focus on advocating for policyholders, Matic has created an effortless and transparent comparison shopping process, saving customers days of work and over 30% in premiums each year. For more information, visit matic.com . About IA Capital Group IA Capital is the longest-tenured independent venture capital firm focusing on insurtech. Based in New York City, IA Capital has a two-decade track record of successfully partnering with innovative early and growth stage companies in insurance and—more broadly—financial services. IA is currently investing in its sixth, seventh, and eighth venture capital funds and manages strategic venture capital programs for 15 insurers. Learn more at iacapgroup.com . Contact Details Sarah Berg +1 614-927-1086 press@matic.com Company Website https://matic.com/

October 15, 2020 12:15 PM Eastern Daylight Time

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