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DealCloud Survey Shows Optimism as Private Investors Look Beyond the Pandemic

Intapp

Fundraising Expectations High as Firms Gear Up to Deploy Dry Powder Limited COVID-19 Impact on Portfolios DealCloud (an Intapp company), a leading provider of deal, relationship and firm management solutions for capital markets firms, today released the Fall 2020 edition of its Dealmaker Pulse Survey, which indicates that private investors have moved past pandemic concerns regarding impact on current investments and are now concentrating on sourcing and closing new deals. In addition, a surprising number of firms raising new funds expect to meet or exceed their targets, despite existing dry powder. “In the six months since our last survey, the focus has shifted from portfolio concerns to dealmaking,” said Ben Harrison, co-founder and president of DealCloud. “Investors expect founder-owned businesses to see significant deal activity, though private equity firms of all sizes recognize that finding quality assets at fair valuations will be a challenge with increased competition.” The survey also revealed that fundraising may be returning to pre-pandemic levels. Only 12% of investors postponed or suspended fundraising plans, and a mere 6% lowered the target for their next fund. Meanwhile, an impressive 26% said their next fund will actually be larger than originally anticipated. Other findings from the survey include: New platforms are the focus: 70% of investors said new platform investments are their primary focus over the next six months, compared to 35% six months ago Fewer investors expect valuations to decline further: only 35% of respondents said they expect valuations to decline, down from 93% in April The pandemic continues to impact the work environment: 47% of private equity firms have plans to return to the office, and only 40% have plans to resume business development travel, as technology-driven operations are seen by many as a bare minimum to remain competitive and cultivate key relationships For some, dealmaking evaporated: 30% of investors said their firm did not close a deal (platform or add-on) since March “Clearly, investors are eager to deploy dry powder, but questions remain about who is able to close deals in this environment,” said Chris Gaffney, co-founder and managing partner of Great Hill Partners, a leading growth-oriented private equity firm. “Many firms are finding ways to close deals even as business development teams remain grounded, suggesting that the relationship cultivation that has traditionally taken place face-to-face has become increasingly reliant on technology over the past six months.” DealCloud’s Dealmaker Pulse Fall 2020 Survey polled dealmakers to gain key insights into how capital markets firms are dealing with the effects of the global pandemic and thinking about opportunities for the fourth quarter, next year and beyond. The online survey was conducted via DealCloud Dispatch, the platform’s integrated marketing solution, amid the COVID-19 crisis from Sept. 21 to Oct. 5, 2020. DealCloud will host a webinar to provide more color on the results of the DealCloud Dealmaker Pulse Fall 2020 Survey: Dealmaker Pulse: Key Findings for Capital Markets Firms to Take into 2021 Thursday, Nov. 11, 2020 at 11:00am EST Register here: https://dealcloud.com/event/dealcloud-dealmaker-pulse-key-findings-for-capital-markets-firms-to-take-into-2021/ To see the full results of the DealCloud Dealmaker Pulse Fall 2020 Survey, visit dealcloud.com/pulse. About DealCloud DealCloud, an Intapp company, provides a single-source deal, relationship, and firm management platform to enable more than 900 clients to power their dealmaking process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, visit dealcloud.com. Contact Details Alex Nye +1 646-502-3598 anye@stantonprm.com Company Website http://www.intapp.com

November 09, 2020 05:30 AM Eastern Standard Time

Comodo Announces Sovaton as Distributor Partner for South African Cybersecurity Marketplace

Comodo

Comodo, the world’s leader of next-generation cybersecurity announced a partnership with Sovaton, a value-added distributor (VAD) with a sole focus on IT security solutions to protect and defend IT networks, data management and compliance. Together Comodo and Sovaton will bring Comodo’s entire range of cybersecurity solutions to the MSP ecosystem. “ Cybersecurity is continuously changing, and we are always looking at solutions in the market. We understand that the traditional break-fix reseller model won’t grow business and the transition to a Managed Service Provider (MSP) and selling managed services presents a great opportunity for Value Added Resellers (VARs) to build additional revenue streams and improve margins. It’s no longer an option for MSPs, VARS and other channel partners to sell cybersecurity, it’s important that those entering the cybersecurity space understand what a solid security stack should entail. It’s more than simply switching antivirus, a well-rounded security portfolio along with trust can build new capabilities to deliver managed services. Comodo delivers solutions that address a layered security approach,” said Lisa Rice, General Manager at Sovaton. Sovaton will offer Comodo’s Dragon platform with 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. Lisa said, “The best thing about the Dragon platform is its ability to stop and roll back ransomware, coupled with guaranteed four-hour SOC turnaround on threat determination should AI methods not succeed. While no security vendor can guarantee to stop zero-day malware from entering an environment, Comodo’s approach in auto containment is the strongest we have come across yet.” In addition, Comodo’s Valkyrie analyzes and gives a trusted verdict for every file – no other company will analyze and give trusted verdict for 100% of 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. Lisa continued, “Offering the right cybersecurity solutions to our channel partners to stay ahead of cyberthreats is key to enabling MSPs and MSSPs to help the SMB market. Keeping abreast of market trends and evaluating solutions is part of our strategy. We looked at various managed detection and response (MDR) solutions, fully managed SOC services, security monitoring, and endpoint and email protection platforms. Comodo checks the boxes of the areas we want to handle. Plus, the onboarding process has given us peace of mind that we have selected a quality vendor.” Alan Knepfer, President and Chief Revenue Office at Comodo said, “Our partnership with Sovaton was born when they were in the process of rebranding, analyzing their product set, restructuring underperforming products, and nailing down specific drivers to move with market dynamics. Promoting Comodo’s solutions will help them attract new prospects and expand their network while driving the importance of cybersecurity.” About Sovaton Sovaton are a Value-Added Distributor (VAD) with a sole focus on IT security solutions to protect and defend IT networks, data management and compliance. Operating through a network of reseller partners, offering them a single point of expertise and assistance as they deliver solutions to improve the efficiency of modern business. We understand that our future success will depend on understanding your business and the challenges you face, and we offer a comprehensive suite of security services and software to meet your needs. For more information visit http://www.sovaton.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

November 05, 2020 02:06 PM Eastern Standard Time

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Citybiz Interview with Tony Gruebl, President of Think & Jeff Musgrove, MD of Executive Advisory and PE & Venture Support

Citybizlist

In this second interview citybiz asks Baltimore-based Think’s Tony Gruebl, the firm’s president and founder, and Jeff Musgrove, managing director of executive advisory and PE and venture support, to discuss the company’s recent acquisition of Ventrue and why it puts the company on the path to offering services nationwide. In September, Think purchased Ventrue LLC, a Naples, Fla.-based shared services company for an undisclosed price. As part of the transaction Think signed a partnership agreement with Naples Technology Ventures (NTV), a venture capital fund that invests in technology companies. Think will provide technology and advisory services to support NTV’s acquisitions. The Ventrue and NTV deal opens new markets for Think, primarily with private equity and venture capital firms. Musgrove says potential clients are disruptors operating in insurtech, fintech and healthtech. Through Ventrue, Think can plug into these companies and advise them along the business lifecycle in three primary areas: diligence, integration and optimization. “I have been a big believer that there is a gap to be filled by a firm like Think in that space as a trusted partner to the PE or VC firm who can go in and perform those critical functions for them,” Musgrove said. “So, they don’t need to build it. We have the expertise.” To hear more from Gruebl and Musgrove, click the below video. Citybizlist is a publisher of news and information about business, power, money, and people in 13 major U.S. city markets, including Boston, New York, Philadelphia, Baltimore, Washington, Charlotte/Raleigh, Atlanta, South Florida, Los Angeles, San Diego, Dallas and Houston. To learn more about the citybizlist content platform, please email the publisher Edwin Warfield edwin.warfield@citybizlist.com Contact Details Edwin Warfield +1 443-562-9472 edwin.warfield@citybizlist.com Company Website https://citybizlist.com/

November 05, 2020 11:00 AM Eastern Standard Time

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Robotic Research Applauded in 2020 GovCon Awards for Both Contractor and Program of the Year

Robotic Research

Robotic Research LLC, a global leader in autonomy and localization technology for government and commercial customers, announced today they received multiple honors during the 18th Annual Greater Washington Government Contractor (GovCon) Awards, the Washington, D.C. region’s premier event honoring leaders in the government contracting community. The company’s financial and operational accomplishments were recognized with their award of Contractor of the Year, and their WarLoc™ product, a wearable localization device for GPS-denied environments, was announced as Program of the Year, an honor reserved for the most exemplary contracted program among all of the applicants. “We are deeply honored to be recognized by the Northern Virginia Chamber of Commerce and the Professional Services Counsel for our success in delivering autonomy and localization technologies that have helped transform defense and transportation operations around the world,” said Alberto Lacaze, president of Robotic Research. “It’s been an extremely busy and successful few years for us. We have expanded applications for our AutoDrive® autonomy kit with defense customers and have used its past performance to broaden our work in the commercial sector. We introduced new products like Pegasus™, our first-of-its-kind hybrid, transformable drone, to defense and commercial industries. Our WarLoc™ product, the evening’s Program of the Year, was successfully delivered to warfighters, even in the face of a pandemic. It takes an amazing team as well as the support of highly collaborative customers and partners to make this quantity and speed of innovation possible. We thank all of them for supporting our creative process, which has allowed us to solve critical challenges with new thinking and fresh approaches. I am proud of our employees for their endless support and commitment to our customers’ success. Congratulations to the Robotic Research team on this accomplishment.” WarLoc™ is a unique, GPS-denied localization device for dismounts, designed to increase the safety and security of warfighters and first responders. The mobile, boot-mounted device calculates a user’s position in GPS-denied locations, ensuring continued team visibility even within hostile and degraded environments challenged by GPS jamming and communications dropouts. WarLoc™ is powered by Robotic Research’s Prometheus AI, a collaborative system framework that dramatically improves accuracy and reliability of the full system by sharing and combining localization solutions on the edge. Prometheus AI is central to Robotic Research’s comprehensive autonomous vehicle solutions, all of which are helping U.S. military forces better coordinate safe and effective operations, helping to save soldiers’ lives in the most challenging environments. “Thank you so much for the award,” said Kyle Smith, Director of Advanced Technologies and WarLoc™ Project Manager at Robotic Research. “I’m humbled by the role we’re allowed to play in serving the country’s warfighters and first responders. It’s been amazing to see this technology mature over the past 14 years, and none of it would be possible without our extremely skilled team, from engineers to technicians, administrative staff to trainers – and everything in between. I’d also like to thank all of our government team members, with special gratitude to Armaments Center.” In 2019, Robotic Research received orders for 700 WarLoc™ units from the U.S. Army, which was the first commercialized order for product. The order marked a historic achievement in the long history and development of this innovative technology, which was born out of a Small Business Innovative Research contract with the U.S. Army’s Combat Capabilities Development Center Armaments Center in 2006. WarLoc™ has since been deployed to active troops in various U.S. and overseas locations. Founded in 2002, the Greater Washington Government Contractor Awards honors the leaders and legends of an industry that is vital to society and its citizens. View images of WarLoc™ here https://bit.ly/2I7T0Bh. Learn more about Robotic Research here www.roboticresearch.com About Robotic Research Robotic Research, LLC, is a leading provider of autonomy and robotic technology driving the transformation of commercial and government autonomous operations through innovative and intelligent systems. Whether providing autonomous vehicles to the military to keep the warfighter safe; delivering unmanned, transformable robots to extend the reach of Special Forces units; or making commercial transportation safer and more efficient, Robotic Research is leading this dynamic revolution in technology. To learn more about Robotic Research, visit www.roboticresearch.com and follow us on Twitter and LinkedIn. Media Contacts: Kristina Messner ( Focused Image for Robotic Research) 703-678-6023 press@rr.ai Robotic Research, LLC, is a leading provider of autonomy and robotic technology driving the transformation of commercial and government autonomous operations through innovative and intelligent systems. Whether providing autonomous vehicles to the military to keep the warfighter safe; delivering unmanned, transformable robots to extend the reach of Special Forces units; or making commercial transportation safer and more efficient, Robotic Research is leading this dynamic revolution in technology. Contact Details Kristina Messner +1 703-678-6023 press@rr.ai Company Website https://www.roboticresearch.com/

November 05, 2020 09:15 AM Eastern Standard Time

Applied Insight Celebrates Second Consecutive Year in the Top Tier of Washington Area’s Fastest Growing Companies

Applied Insight

Applied Insight, a market leader in solving complex technology challenges for federal government customers, announced today that it has joined the top 50 of Fastest Growing Companies in the Washington area, as ranked by the Washington Business Journal. The company has been placed at No. 47 on the Fast 75 list, a jump of 22 places since 2019. The list is based on average percent revenue growth between 2017 and 2019. “It is a great honor to be recognized as one of the top 50 fastest growing companies in the Greater Washington area,” said Dede Dascalu, CEO of Applied Insight. “It’s a clear demonstration of the rapid growth we’re achieving with our proprietary cloud technologies that are in high demand from public sector customers, particularly during these challenging times. Our Altitude Managed Cloud and SHIFT technologies are transforming our customers’ ability to enable remote teams to work at scale within the most sensitive environments. We’re proud to have such a positive mission impact and will continue to invest to bring the latest cloud security and productivity innovations to more customers throughout the federal community.” Applied Insight delivers advanced cloud, cybersecurity, analytics and mission IT solutions to intelligence, defense and federal civilian agencies. The company has a strong track record of developing game-changing technologies and services for customers that need to achieve rapid improvements in mission performance. The company has won several honors for its proprietary cloud solutions, including Government Innovation Awards for Altitude and SHIFT in 2019 and 2020, respectively. Applied Insight has also been recognized as one of the top cybersecurity firms and top government technology contractors in the region by the Washington Business Journal in 2019 and 2020. About Applied Insight At Applied Insight, we deliver pragmatic solutions for federal missions that cannot wait. We work closely with agencies and industry to overcome technical and cultural hurdles to innovation, empowering them with the latest cloud, data and cyber capabilities. Our solutions help people work better, faster and more securely – no matter where they are. To learn more about us, visit applied-insight.com. About The Acacia Group The Acacia Group is the primary investment partner for Applied Insight. Our team of operational investors has a long track record in the U.S. technology and services markets. We see value in technologies that enable people to collaborate in sustaining our society, from our security and economy to our institutions and infrastructure. We invest in entrepreneurs who share that mission, bringing the capital, experience and relationships to enable them to take their business to new heights. For more information, please visit The Acacia Group or follow us on LinkedIn. Media Contact: Kristina Messner ( Focused Image for Applied Insight) 703-678-6023 kmessner@focusedimage.com At Applied Insight, we deliver pragmatic solutions for federal missions that cannot wait. We work closely with agencies and industry to overcome technical and cultural hurdles to innovation, empowering them with the latest cloud, data and cyber capabilities. Our solutions help people work better, faster and more securely – no matter where they are. Contact Details Kristina Messner +1 703-678-6023 kmessner@focusedimage.com Company Website https://www.applied-insight.com/

November 05, 2020 08:30 AM Eastern Standard Time

GoGetTested Partners with Wichita County Public Health District for Free FDA-Approved COVID-19 Testing

Go Get Tested

In partnership with the Wichita County Public Health Department, GoGetTested, the first end-to-end COVID-19 testing and results management solution in the country, today announced the availability of its FDA-approved COVID-19 testing in Wichita Falls. Providing fast, easy and accessible COVID-19 testing for all, GoGetTested has opened its Covid Response Operating System and mobile testing sites in Wichita Falls at the Multi Purpose Event Center (MPEC), which is located at 1000 5th Street, Wichita Falls, TX 76301. All tests are free of charge, regardless if individuals are uninsured. In addition to COVID-19 testing, WellHealth will be offering flu shots on site in their newly constructed WellHealth Express Clinics, a Covid, Flu, and Cold point of care rapid delivery unit. Wichita Falls residents will be able to schedule flu shots directly through the GoGetTested platform. Flu shots are free with most insurance carriers and only $30 without insurance. “We are pleased to be able to provide free COVID-19 testing to our residents through the partnership with GoGetTested,” said Lou Kreidler, Director of Health, Wichita Falls – Wichita County Public Health District. “The funding for testing is covered under the CARES Act. This is a great opportunity to add free testing capacity to our community, especially for our underserved population.” Residents can schedule their COVID-19 test online, complete the oral swab test in minutes at one of the testing sites and have their results delivered via text or email within a couple of days. “It is our mission to help as many people as possible find easy, accessible COVID-19 testing sites and deliver quick, accurate results,” said WellHealth CEO Ahmad Gaber, one of the founding partners of GoGetTested. “As the COVID-19 pandemic continues and we enter flu season, we will continue working with community leaders like those in Wichita Falls, to help keep their residents safe.” GoGetTested was launched as a semi-public, semi-private industry consortium with founding partners from precision primary care startup WellHealth and Silicon Valley-based healthcare fintech startup Wellpay, among other private company partners. By using a unique mobile testing approach, GoGetTested has quickly expanded its geographical reach, especially in rural areas, and can swiftly deploy testing in COVID-19 hotspots. To date, GoGetTested has delivered more than 150,000 COVID-19 tests with the ability to continue testing at a rate of tens of thousands per day. GoGetTested is currently serving residents in Texas and South Carolina, and will expand testing to Nevada, Arizona, Missouri and other states in the coming weeks. For more information on scheduling a test, visit www.gogettested.com. About GoGetTested GoGetTested is the first national, digitally enabled Covid Response Operating System in the country with an end-to-end test scheduling and resulting management platform. Its complete COVID-19 testing experience will help keep the nation’s communities and economies open and safe. GoGetTested was founded as a unique public-private consortium of government, clinical, technology, lab, research and retail partners, including The consortium—which includes Precision Primary Care startup WellHealth, PE-backed Lab HealthTrackRx, event-management company Victory Marketing, inventory and warehouse management company Lead Commerce, and Silicon Valley-based healthcare fintech startup Wellpay. Its Covid-19 response units ensure geographical reach to rural areas and fast activation in virus hotspots. Testing is free for anyone and provides the most complete, adaptive and secure testing services nationwide. Contact Details April White +1 323-216-8589 gogettested@trustrelations.agency Company Website https://www.gogettested.com/

November 05, 2020 08:06 AM Eastern Standard Time

Hearing Aids: How to Pick the Right Type for You or a Loved One

D S Simon Media

It might sound unbelievable, but your hearing is as unique as your fingerprint. It’s true. Someone’s hearing experiences are individual to them, and the way they hear sounds is different to anyone else. A video accompanying this announcement is available at: https://youtu.be/m7KImn3BebQ Yet, the most commonly worn hearing aids use a standardized approach modeled on an ‘average ear’, which can often compromise sound quality with 93% reporting trouble hearing in noisy environments and 55% getting confused about where sounds come from. In fact, hearing loss can cause a person to miss out on hearing the moments that matter most. The problem is so big that according to the National Institutes of Health, nearly 30 million Americans have a hearing loss and could benefit from using hearing aids but fewer than 16% have ever used them. Just like a fingerprint, each person’s hearing is unique. Yet, the most commonly worn hearing aids use a standardized approach modeled on an‘ average ear’, which can often compromise sound quality. ReSound ONE is a long-awaited breakthrough that gives everyone a solution individualized precisely to their own hearing anatomy. ReSound ONE is an entirely new class of hearing aids that offers a truly individualized hearing experience and the best sound quality for every user. ReSound ONE is available in rechargeable and non-rechargeable models. For further information and to take a free hearing test, visit the ReSound.com. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content, produced by award-winning video communications firm.It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 02, 2020 05:00 PM Eastern Standard Time

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Acacia Group Companies Scoop Up Two Innovation Awards for Tech Taking On COVID-19 Challenges

Acacia Group

The Acacia Group, operational investors in technology and services companies, announced today that two of its portfolio companies were recently named Industry Innovator award winners for their groundbreaking technologies in the 2020 Government Innovation Awards presented by Defense Systems, FCW, GCN and Washington Technology. Applied Insight was recognized for its cloud testing and emulation platform, SHIFT, and ID Technologies was celebrated for its endpoint security platform, Archon. Both technologies have been used to support the federal government in tackling the challenges created by the COVID-19 pandemic by providing remote work solutions for national security customers. “Fostering innovation has long been at the heart of Acacia’s investment approach across our portfolio,” said Gavin Long, partner with The Acacia Group. “As a result, all of our platform companies have had significant success with developing proprietary technologies that overcome major technical and cultural hurdles for their public sector and commercial customers. Today, their technologies are enabling mission progress for thousands of users across the federal government and industry, including newly remote workforces. These awards are fantastic recognition for our teams at Applied Insight and ID Technologies and validate our continued backing of their substantial product development programs.” Both Archon and SHIFT are proprietary technologies that address some of the most critical needs facing the federal government today. ARCHON - ID Technologies has taken its first Industry Innovator award for its Archon endpoint security platform. The Archon solution suite, which incorporates a Commercial Solutions for Classified compliant laptop or phone coupled with secure cloud connectivity, provides a uniquely secure way for mobile users to access sensitive or classified data. It is enabling remote workforces to continue their work within systems that are vital to national defense, a mission-critical task since the onset of the COVID-19 pandemic. At such a crucial time, Archon is enabling greater productivity for tactical mission users and greater security for mission-sensitive systems. SHIFT - Applied Insight’s SHIFT technology is transforming the performance of mission-critical software developed for restricted cloud regions. By emulating those regions, SHIFT enables developers to make their applications fully “region ready” before they are deployed to the high side. As a result, using SHIFT helps avoid costly mission delays and accelerates customer access to the latest commercial innovations. Significantly, SHIFT solves a major customer staffing problem, as it allows uncleared developers to do their best work on the low side. Applied Insight is an award winner for the second consecutive year, having been honored in 2019 for its innovative Altitude Managed Cloud platform. The Government Innovation Awards celebrate the transformative government projects, individual change agents and industry partners that are reimagining public-sector IT. The Industry Innovator awards recognize the vital role that the private sector plays in the government IT community. More information on the awards, including all the award winners, can be found online at https://governmentinnovationawards.com/events/2020/information/industry-innovators.aspx. About The Acacia Group The Acacia Group is a team of operational investors with a long track record in the U.S. technology and services markets. We see value in technologies that enable people to collaborate in sustaining our society, from our security and economy to our institutions and infrastructure. We invest in entrepreneurs who share that mission, bringing the capital, experience and relationships to enable them to take their business to new heights. For more information, please visit The Acacia Group or follow us on LinkedIn. Media Contact: Kristina Messner ( Focused Image for The Acacia Group) 703-678-6023 kmessner@focusedimage.com The Acacia Group is a team of operational investors with a long track record in the U.S. technology and services markets. We see value in technologies that enable people to collaborate in sustaining our society, from our security and economy to our institutions and infrastructure. We invest in entrepreneurs who share that mission, bringing the capital, experience and relationships to enable them to take their business to new heights. Contact Details Kristina Messner +1 703-678-6023 kmessner@focusedimage.com Company Website https://acaciagroup.com/

November 02, 2020 10:05 AM Eastern Standard Time

RTCORE is Evaluating Applying for a Commercial Banking License

RTCore Inc

October 29, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “ Company ”) is evaluating the opportunity to apply for a U.S. Commercial Banking License, which the Company believes would be synergistic with its innovative CoreBanking system and negotiations for the acquisitions of Conquest Insurance Group and Spanish Moss Premium Finance Co. RTCore is a Cloud-native Banking System delivering real time digital transaction processing and settlements, with multi-bank, multi-lingual and multi-currency capabilities, while achieving high levels of operating efficiencies. The recent notice issued by the Office of the Comptroller of the Currency (OCC) allowing banks to securely embrace digital assets is a major step forward in the quest for banks to provide digital services broadly to the market. Additionally, the OCC further clarified its position on the provision of banking services to stablecoin issuers as long as the stablecoins are backed by fiat currencies on a one-to-one ratio. According to Company COO John Kelly, “The decision to begin evaluating the opportunity to create a post-modern 'de novo' bank is owed to the knowledge and experience of our management team, combined with a new banking platform whose design can successfully address the pent-up market demand for innovative digital banking products and services processed in a highly secure and regulated real time environment.” RTCore’s Chairman and CEO, Phil Walton stated “The software includes sophisticated KYC and AML monitoring, reporting and analytics. By putting our money where our mouth is, should our efforts prove successful, a new bank with a complete set of digital banking products and services running on real time settlement rails, could quickly become a market leader in the digital transformation of our legacy-based banking industry.” The Company may choose not to create a 'de novo' bank. If it does choose to move forward, there is no guarantee that it would receive the requisite licenses and approvals, or otherwise have the ability to do so. Regardless of the outcome, the Company will continue to market the RTCore System to interested Financial Services organizations worldwide. 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 Details Phil Walton +1 704-965-4087 philwalton@realtimecore.com Company Website https://www.realtimecore.com

October 29, 2020 08:18 PM Eastern Daylight Time

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