Category Archives: Technology

Converge also takes home the Top North America IBM & Red Hat Synergy Partner of the Year, the Data and AI Excellence Award for Cloud Pak for Data, the Protect: Digital Trust Excellence Award, and the previously announced IBM Beacon Award for Outstanding Technology Support Services Solution.

TORONTO and GATINEAU, QC, May 11, 2021 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a software-enabled IT & Cloud Solutions provider, is honored to be the recipient of five IBM Awards. In addition to winning a 2021 IBM Beacon Award, Converge has been named the Top North America Sell Business Partner of the Year (Geography Excellence), the Top North America IBM and Red Hat Synergy Partner of the Year (Geography Excellence), the winner of the IBM Data and AI Business Unit Excellence AwardforCloud Pak for Data, and the winner of the IBM Business Unit Excellence Awardfor Protect: Digital Trust.

The IBM Excellence Awardsrecognize the stellar performance of IBM Business Partners who have demonstrated excellence and driven exceptional client experiences and business growth. Converge is the only North American partner to receive two Geography Excellence Awards.

Converge has built four key practice areas that align to IBM and Red Hat solutions: Advanced Analytics, Cybersecurity, Hybrid & Public Cloud, and Digital Infrastructure. The synergy and continued partnership between IBM, Red Hat, and Converge has strengthened these key offerings, with IBM being one of Converge's largest partners today. Additionally, Converge deeply understands the IBM portfolio and places an emphasis on IBM skills and capabilities being built into an organization's DNA when adding to the Company's portfolio of companies.

Converge remains committed to expanding our reach and driving growth & value with our business and clients. The IBM Awards demonstrate our ongoing commitment to solving our clients' unique business challenges through successful implementations focused on IBM's portfolio of solutions.

"The past few years have been ones of great transformation, both in technology and the world we live in," stated Shaun Maine, CEO of Converge. "Coming off years of such change, especially this past one, winning five key IBM Awards, including the Top North America Sell Partner Award, validates our performance and commitment to the IBM & Red Hat partnership and are significant honors & achievements for Converge."

For more information on the 2021 IBM Geography Excellence Awards and 2021 IBM Business Unit Excellence Awards, including a detailed list of winners, please visit here.

About Converge Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge's regional sales and services organizations deliver advanced analytics, cloud, and cybersecurity offerings to clients across various industries. The Company supports these solutions with managed services, digital infrastructure, and talent expertise offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

SOURCE Converge Technology Solutions Corp.

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Converge Technology Solutions Corp. Wins Five IBM Awards Including Top North America National Sell Business Partner of the Year - PRNewswire

OTTAWA, May 11, 2021 (GLOBE NEWSWIRE) -- DLS Technology Corporation, a Citrix Platinum Plus partner, today announced that it has been named the global 2020 Citrix Innovation Award Winner for Partners resulting from their teams exceptional execution in delivering a hybrid cloud Digital Transformation solution to The Ottawa Hospital based on the Citrix digital workspace solutions that include Citrix Workspace,Citrix Virtual Apps and DesktopsandCitrix ADC.

The Ottawa Hospital (TOH) sees more patients than any other medical network in Canada, providing care to over 1.2 million patients per year. To ensure that they deliver a world-class experience to their patients, The Ottawa Hospital looked to DLS Technology Corporation and Citrix for their solution. DLS helped build a Digital Health Network through which The Ottawa Hospital could provide their 20,000+ clinicians and staff across 19 different campuses and partner locations, with simple, secure and reliable access to their systems and the 300+ applications needed to provide the exceptional care to their patients and clinicians.

One of the most important components when developing infrastructure is having a powerful partner to work with, they really work with you to enable the solution. DLS was not only extremely knowledgeable but they understood our business very well and they helped us implement it better than wed have been able to do it on our own. Shafique Shamji, Executive Vice President and CIO of The Ottawa Hospital.

The Citrix Innovation Award for Partnersis presented annually to a Citrix Partner that drives bold and innovative solutions for ITs most complex challenges, fuels business growth, forges strong connections and helps organizations find better ways to work.

The DLS Technology Corporation TOH implementation project is featured in a full-length article and video interview that can be viewed on the Citrix website.

Were grateful for having built such a strong relationship with Citrix over these past 13+ years. Weve successfully collaborated on over 100 projects, leveraging our team of technical experts and their industry-leading technology to help organizations meet their strategic remote work and modern workspace objectives. Citrix has been an ideal partner, and we are thrilled to be recognized in this exclusive group. Eric She, President of DLS Technology.

In addition to DLS innovative work with The Ottawa Hospital, DLS is working on multiple high-profile Protected B Secure Cloud environments with the Government of Canadas Shared Services (SSC) and Treasury Board Secretariat (TBS), providing advanced data analytics and financial capabilities to the Government of Canada through a Citrix and Microsoft Azure solution.

DLS remains a top innovator and solutions provider in the fields of Cloud Computing, vKey and Secure Remote Access, Infrastructure, Virtualization, Advanced Data Analytics and most importantly Cybersecurity. Although DLS has always taken an agnostic approach to our recommended solutions, Citrix remains the backbone of many of our projects as Citrix has proven to be a pioneer and industry leader in their field. Patrick Nadeau, Director of Sales and Marketing of DLS Technology.

If you would like to learn more about DLS Professional Services and IT solutions, you can visit http://www.dlstech.com.

For more information about Citrix solutions, please visit http://www.citrix.com.

About DLS Technology CorporationHeadquartered in Ottawa, Ontario, Canada, DLS Technology Corporation offers comprehensive technology solutions and services to national clients within the government, healthcare, defence and finance sectors.

Named one of Canadas Fastest-Growing Companies for three consecutive years, DLS takes a hardware and software-agnostic approach when developing its clients' unique solutions, focusing on delivering comprehensive products that surpass expectations across all verticals with specialization in:

vKeyDLS has also patented vKey, a Cybersecurity Secure Remote Access Platform that provides true security mitigation against ransomware, keyloggers and screen capture threats to remote users and devices through a comprehensive solution that provides security for Data in Use, Data at Rest and Date in Motion.

To find out more about DLS or vKey, please contact us at info@dlstech.com or info@vkey.ca.

About CitrixCitrix (NASDAQ: CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience, and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

Media contactPatrick Nadeau, DLS Technology Corporation, pnadeau@dlstech.com, 613-249-8818

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/42cfe1e0-200e-4106-9754-250810cbeedb

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DLS Technology Corporation Recipient of the 2020 Citrix Innovation Award for Partners - GlobeNewswire

San Diego, California and Roxboro, North Carolina--(Newsfile Corp. - May 11, 2021) - Hempacco, Co. Inc. and Open Book Extracts today announced the debut of their proprietary Cannabinoid Hemp Cigarette Spraying and Flavoring Technology at this year's Tobacco Plus Expo (TPE), being held this week from May 12-14 at the Las Vegas Convention Center. The TPE conference will represent the first major trade show to return to the Las Vegas Convention Center following a two-year hiatus due to the COVID-19 global pandemic.

Hempacco and Open Book Extracts will exhibit together at Booth 10106 of the TPE trade show where they will largely focus on introducing their latest spraying and flavoring technologies for CBD, CBG, and Hemp Cigarettes. The Companies will also host a daily happy hour social event with various distributors, investors, and buyers in their hotel suite.

"Open Book Extracts is proud to join Hempacco at this year's Tobacco Plus Expo, together offering a wide range of innovative flavoring and infusing products and services to the rapidly evolving hemp cigarette and cannabinoid industries," said Dave Neundorfer, OBX CEO. "As an industry-leading developer and manufacturer of cannabinoid products, OBX is excited to have the ability to showcase our collection of turnkey finished goods available for private label, including gummies, tablets, soft gels, oral dissolving strips, and single-dose Easysnaps. In addition, OBX holds the patent for smokable applications of terpenoids, to create finished smokable products with consistent, repeatable, and reliable terpene profiles, delivering products that companies and consumers can trust."

"The timing of our initiative to become the industry's largest publicly-traded hemp cigarette company could not have been better as the TPE is the perfect venue to sell our Hemp Cigarettes to some of the largest distributors in the country," said Sandro Piancone, Founder and CEO of Hempacco, Co. Inc. "OBX is the perfect joint venture partner to take to the expo; because of their innovative products and patented technologies, which we can use to change the flavor of any hemp smokable or enhance the cannabinoid profile. In addition to OBX, we are looking forward to meeting several of our other joint venture partners in addition to existing and new investors in Hempacco. Our investors have been instrumental in helping us deliver consecutive years of strong revenue and earnings growth and, more importantly, will be taking a much more influential role going forward as we take the final steps to finalize our capital raise and prepare for our first trading day as a publicly-listed entity."

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Hempacco and Open Book Extracts will be actively introducing their Hemp Cigarettes infused with OBX's patented flavoring and terpenoid enhancing technology for some of the industry's largest tobacco distributors at the TPE show. As the tobacco industry's largest annual trade show, the TPE show is expected to provide the perfect venue to introduce the Company's new CBD and CBG-rich Hemp Smokables to both regional and master distributors.

OBX will also be actively exploring commercialization and licensing opportunities for the various applications of its smokable product patent. For further details on licensing and partnership opportunities or to learn more about OBX products and services, please contact Nicole Brown, Chief Revenue Officer at OBX, at nicole@openbookextracts.com.

In addition to its scheduled meetings with distributors and other integral participants of the tobacco and cigarette industry, Hempacco will also be meeting with investors that have expressed interest in participating in Hempacco' s next capital raise as it prepares to become one of the only "pure-play" hemp cigarette publicly-traded companies on Wall Street. Interested investors should contact Hempacco via phone at 775-473-1201 to schedule private meetings with management in the evenings from May 11-14.

To be added to the Company's email list please click this link or for additional information, please call our public relations department at 323-380-4500.

About Open Book Extracts

Headquartered in Roxboro, N.C., Open Book Extracts is a cGMP-certified manufacturer of premium plant-based cannabinoid products, aiming to be the industry's true north by delivering premium products, exceptional service, and industry-leading transparency. With control of the entire supply chain, a state-of-the-art extraction campus near North Carolina's Research Triangle, proprietary refinement and conversion methods backed by a growing IP portfolio, and a team of PhD chemists and seasoned business leaders, OBX is the trusted partner for global brands seeking to enter the marketplace. OBX Asia, with its headquarters in Hong Kong, provides strategic guidance and on-the-ground support for our Asia customers. For more information, visit https://www.openbookextracts.com.

About Hempacco, Co. Inc.:

Hempacco is Disrupting Tobacco's nearly $1 Trillion industry with herb and hemp-based alternatives to cigarettes by manufacturing and marketing consumer goods.

The Company owns research and development, manufacturing, and sales of smokable hemp brands, including The Real Stuff Hemp Smokables. Hempacco' s profit centers include private label agreements, Intellectual Property licensing, and the development and sales of their brands using patented counter displays as well as six hundred Kiosk vending machines called HempBoxes.

Contact us by Phone for Investment Opportunities: (775) 473 1201

Hempacco is raising capital; get the investment deck here: https://www.hempaccoinc.com

Forward-Looking and Cautionary Statements

(This news release may include forward-looking statements including opinions, assumptions, estimates, the Company's assessment of future and operations, including but not limited to statements concerning a potential combination and the timing thereof. When used in this document, the words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Company. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: regulatory and third party approvals not being obtained in the manner or timing anticipated; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; and other factors more fully described from time to time in the reports and filings made by the Company with OTC Markets Group, Inc. and/or the securities regulatory authorities. Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of relevant securities laws, and to be considered forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.)

Company Contact:info@hempaccopackaging.com

# # #

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83617

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Hempacco and Open Book Extracts to Debut Hemp Cigarette Flavoring Technology at Industry's Largest Annual Trade Show - Yahoo Finance

PLANO, Texas, May 11, 2021 /PRNewswire/ --On Thursday, May 13, Huawei Technologies USA, in partnership with Reuters, will bring together experts for a fireside chat titled: "The Future of Technology Supply Chains". The session, which begins at 11 a.m. EDT and can be registered for here, will discuss how to improve the current supply chain. Panelists include Andy Purdy, Chief Security Officer at Huawei Technologies USA and Glenn O'Donnell, Research Director at Forrester. The fireside chat will be moderated by Nadira Tudor at Reuters Events.

Recent trade tension and the COVID-19 pandemic have caused unexpected slowdowns in the R&D and innovation spaces, threatening trust between countries and companies alike. The current global dynamic has influenced the supply chain and the wider economy, shifting the focus from innovation to recouping losses. What does the future of the technology supply chain look like? How can countries and companies work together to improve operations? What role does R&D play in promoting collaboration?

This fireside chat will address these questions while exploring strategies to improve the current supply chain, fostering collaboration and trust worldwide. Tune in to learn how major players are working together to promote trust and collaboration as we work to repair the damage to the innovation space and the overall global economy.

For more information and to register for "The Future of Technology Supply Chains" visit: https://reutersevents-huawei.splashthat.com/

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains telecom networks, IT, smart devices, and cloud services we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 188,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

For more information, please visit Huawei online at http://www.huawei.comor follow us on:

http://www.linkedin.com/company/Huawei

Tweets by Huawei

http://www.facebook.com/Huawei

http://www.youtube.com/Huawei

Contact: Kimberlee Bradshaw Archibald / kbradsha@huawei.us

View original content to download multimedia:http://www.prnewswire.com/news-releases/experts-to-discuss-the-future-of-the-technology-supply-chain-301288650.html

SOURCE Huawei Technologies USA

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Experts to Discuss the Future of the Technology Supply Chain - inForney.com

SOUTHWEST FLORIDA Most of us have it the ability to unlock our phones with just a glance using facial recognition technology.

But experts said the best way to keep your phone safe using facial recognition technology is by putting on a funny face.

Weve been able to actually take a regular picture of ourselves and fool the system, said cybersecurity expert Eugene Hoyt. This way you know its not something thats going to be standard that you would be able to go ahead and replicate.

Hoyt is talking about patented technology created by a professor at Brigham Young University called concurrent two-factor identity verification.

The idea behind the technology is performing a specific easily repeatable facial motion, like making a face or even silently reading a secret phrase, causes your face to make distinct movements that no one else can make.

Once the technology is available, it will make it much harder for an imposter to gain access to your devices.

Its actually measuring all the points on your face to get that unique print, said Hoyt. If a person doesnt do it exactly in those same steps youre not going to be able to get into the phone.

The facial recognition technology currently in use isnt entirely foolproof.

My cousin, her and her sister look pretty much alike, so sometimes her face can log into her phone, McCullum said.

Other people have said that their phones will unlock with other peoples faces as well.

So go ahead and put on a silly face when getting into your phone. It could save you big time in the long run.

I think its going to be a lot harder by any means for anybody to get in there, Hoyt said.

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Funny faces in face recognition could increase phone security with new technology - NBC2 News

As restaurants navigated the uncertainty of the pandemic over the last year, one thing quickly became clear: Technology was going to be a key to survival.

From low-tech intercom systems to high-tech delivery apps and virtual food halls, many forms of technology not only saved small, family-owned restaurants during the pandemic but also might be used long-term.

You might think a walk-up restaurant would have little to change during a pandemic. While this might be partly true, Reyna Duong of Sandwich Hag in The Cedars didnt want to take any chances. Requiring customers to use hand sanitizer before checking out on a mobile device just wasnt safe enough, Duong says.

When they order at the window, its not 6 feet of separation, she says. So she decided to go completely contactless. We installed an intercom system that was both ways: We could hear the customers, and the customers can hear us. That has been really productive.

The change was not only for the physical safety of the customers but also for the safety of her staff, especially the workers mental health. It alleviates any confusion and awkwardness, Duong says. Its been nice for the mental health of the team. If I can do everything I can to minimize the stress the team has in any type of potential confrontation with the customer, then thats a win.

Duong confirms that her restaurant will remain contactless for the foreseeable future. Now its just a wait and see, she says. In the meantime, I continue to follow science. My comfort level may change with allowing in-person orders if our Dallas vaccination percentage continues to increase. It would be great to get to herd immunity, so well see where we land this summer. Im not the vax monitor, nor do I want to be, and everyone has a different level of comfort. Keeping our safety protocol consistent is important for our team and our customers.

For Whisk Crepes Cafe owner Julien Eelsen, his restaurants COVID transition like many involved closing his dining room to customers in 2020. The first thing we did was create an online store selling crepes for pickup, merchandise and provisions, Eelsen says. The second thing was third-party deliveries like Uber Eats, Door Dash, and Postmates.

Having a wine license presented an added boost. I got a cottage permit, and that allowed us to deliver wine, Eelsen says. And that brought us an extra 10% of business from May through October. It didnt save us, but it helped a little bit. Id take my Crepe Mobile and deliver it myself.

Moving forward, Eelsen says, third-party apps will be an indefinite addition, and possibly online wine sales, too.

Its a big difference between mom-and-pop, independent restaurants and big chains, he says. That access to technology is really what hurts small restaurants. Its easy for them to implement something like that. For us, its super-hard. Were literally hustling for every sale.

Like Whisk, Oak Cliffs Kessler Baking Studio closed its space to guests, and it continues to do. In 2020, one of the biggest and most beneficial adjustments was adding curbside pickup with tech features from Square, a digital payments company.

When people arrive, they can text us to let us know they pulled up curbside, owner Clyde Greenhouse says. People are really embracing it, so we like that. Were looking to open our studio back up to customers in June, but curbside is definitely something we plan to keep.

Another boost came from Goldbelly, an online marketplace for local artisanal foods that Greenhouse began using earlier this year to ship items such as brownies and Texas pecan shortbread cookies nationwide.

For local delivery, Kessler Baking Studio uses Favor as well as Quick Dish Delivery a local food delivery company founded by Oak Cliff native Chavarria Carter which serves previously underrepresented areas such as Oak Cliff, Cedar Hill, Lancaster, DeSoto and Duncanville.

Many third-party delivery apps take a portion of a restaurants profits, but many small businesses say its worth it.

And as the delivery business thrived during the pandemic, buzz grew about ghost kitchens, which are delivery-only kitchens with no dine-in space. For Tyler Shin, founder of Revolving Kitchen commercial kitchen rentals in Garland, it was the perfect opportunity to merge the two. He created a Virtual Food Hall, a concept thats accessible online and on the recently released Revolving Kitchen app. You can order food from several of the restaurants at Revolving Kitchen and pick it up or have it delivered.

We decided that not only do we want to provide the kitchen, lets figure out a way to help them and bring in the business, Shin says. So you go on the app and you can choose whatever restaurant you want to order from within our facility. If you have a family of four and, say, you want wings and your kids want pizza or vegan food you can order all those things from different restaurants inside Revolving Kitchen as a single order, rather than having to go to three or four different places and have separate transactions and separate pickups or deliveries.

So whats the future of the restaurant industry?

The real answer is, I dont know, and if anyone ever tells you otherwise, theyre lying, Shin says with a laugh. But based on my experience, what the pandemic did was accelerate the technology advancement with human behavior.

Shin says that while people who want to go out for food will still go out, tech is likely to be crucial in providing convenience, especially during the week.

I think delivery and grab-and-go will be around, he says. The food delivery app has given every restaurant an even playing field. If youre looking for convenience, then delivery and takeout are here to stay.

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Technically speaking: How technology helped save independent Dallas restaurants during the pandemic - The Dallas Morning News

What happened

Shares of International Game Technology (NYSE:IGT) have popped today, up by 11% as of 11:30 a.m. EDT, after the company reported first-quarter earnings. The results handily beat the market's expectations, thanks in part to cost savings.

Revenue in the first quarter was $1.01 billion, well above the consensus estimate of $0.87 billion in sales. That resulted in net income of $92 million, or $0.38 per share. Wall Street analysts were modeling for a net loss per share of $0.01. The gambling technology company also completed the sale of its Italy B2C gaming business.

Image source: Getty Images.

"We delivered some of our strongest profit results ever during the first quarter, fueled by robust player demand and significant, structural cost savings," CEO Marco Sala said in a statement. "Our Global Lottery segment achieved record same-store sales levels on impressive increases around the world."

IGT CFO Max Chiara commented that the economic recovery is underway and that the company is now enjoying strong operating leverage. He also said cost discipline helped bolster cash flows during the quarter. IGT refinanced approximately $1 billion in debt during the period, which will translate into interest savings. The company expects the trend of legalized gambling to continue expanding in the U.S., which will drive growth for years.

"As we look out over the next three to five years, we see the potential for the number of U.S. jurisdictions authorizing the iLottery to double from current levels," Sala said on the conference call with analysts. "Today, our presence in the U.S. sports betting markets powers 16 states representing over 40 sportsbooks."

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Why International Game Technology Stock Popped Today - Motley Fool

RALEIGH, N.C., May 11, 2021 /PRNewswire/ --In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. However, a new study from insightsoftware and Hanover Research shows that finance teams are being slowed down by manual, time-consuming processes and limited access to data even as a majority (52%) of finance team members spend 25% of each week producing financial statements.

The 2021 Finance Team Trends Report includes data from 497 respondents in corporate finance and accounting departments with more than half (55%) either a Director, Vice President or CFO. The respondents were evenly split between North America and EMEA with 48% representing companies with 500-5,000 employees across a range of industries, including financial services, healthcare, IT, professional services, government and telecommunications, among others.

"The Office of the CFO is in the midst of major evolution from an organization's financial custodian to a strategic business advisor tasked with not only keeping an accurate record of the past, but also providing a realistic vision for the future," said Bryan Motteram, Director of Product Marketing at insightsoftware. "However, as finance teams look to accelerate growth out of the pandemic, the survey data exposes a growing challenge for finance teams: lack of time to spend on analysis. Finance teams are not able to analyze data and derive actionable insights because that time is consumed by manual processing of financial reports something 49% of respondents noted, by the far the largest challenge to their daily productivity."

Finance Team's Role & ChallengesBy a significant margin, respondents identified financial planning and analysis (66%) as the finance team's main responsibility, followed by its key elements of financial modeling (56%) and budget and forecasting (48%). Surprisingly, despite the stated focus on finance teams providing strategic insights, respondents ranked long-term business strategy (30%), strategic decision-making (29%) and short-term business strategy (25%) as the lowest priority responsibilities. In terms of other key points revealed:

Two-Year Priorities

Looking ahead, finance teams were asked about their future plans and top priorities over the next two years:

In addition, more than 50% of respondents expect finance team staffing levels to rise over the next two years based on an increase in budget.

COVID-19 Response & Economic Recovery Indicators

After a year of unprecedented economic uncertainty caused by the global pandemic and resulting dynamic market conditions, respondents detailed the steps they took and continue to pursue to steer through the turbulence, including: adopted new technology (32%), reduced hiring (32%), reduced temporary staff (24%), accepted smaller margins (24%) and absorbed price increases (22%).

In terms of the key metrics finance teams are monitoring to signal a broader financial recovery, respondents named sales and revenue (35%), operating cash flow (29%) and net profit margin (27%) as the top three.

About insightsoftwareinsightsoftware is a leading provider of financial reporting and enterprise performance management software. We enable the Office of the CFO to connect to and make sense of their enterprise data in real time so they can proactively drive greater financial intelligence across their organization, which is how best-in-class finance teams operate. Over 25,000 organizations worldwide rely on insightsoftware's portfolio of best-in-class reporting, analytics, budgeting, forecasting, consolidation, and tax solutions to provide them with increased productivity, visibility, accuracy, and compliance. Visitinsightsoftware.com for more information.

SOURCE insightsoftware

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Lack of Time for Analysis, Adoption of New Technology and Data Limitations are Top Challenges Facing Finance Teams, According to insightsoftware...

BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading provider of cloud solutions for the public sector, announced today that more than 150 government agencies and institutions of education throughout Texas are working with five GTY subsidiaries, Bonfire, CityBase, eCivis, OpenCounter and Questica, to support digital transformation and modernization efforts.

We are honored to work closely with a growing list of customers throughout the state of Texas, ensuring they have access to the information and systems they need to work and live, especially during this incredibly difficult, ongoing health crisis, said TJ Parass, CEO and President of GTY Technology. Texas is a recognized digital innovation hub and we are excited to continue modernizing the services that matter most to its citizens.

Bonfire, a leader in strategic sourcing and procurement software for the public sector, is now supporting 70 public sector clients including 26 school districts, 21 municipalities, 14 special districts including state agencies, and 8 institutions of higher education. Its scalable solutions are enabling smarter spending throughout the state, and allowing organizations to secure resources and services that better serve Texas citizens.

CityBase, a leading provider of government and utility payment technology, has been selected by the City of Austin, TX, to consolidate disparate legacy payment systems into one unified, cloud-based platform that will power payments across city departments. The new payment technology will help the city achieve cost savings on PCI compliance management, reduce workloads for city staff by automating the formerly manual and cumbersome reconciliation process, as well as improve the digital experience for its constituents. The cloud-based, API-driven platform will be available to Austin residents in the second half of 2021.

eCivis, the most widely used SaaS-based grants management solution for state, local and tribal governments, is now supporting 33 cities, counties and higher education institutions and non-profits, including the Department of State Health Services, within the state of Texas. The companys trusted grants management and cost allocation software and services are helping organizations throughout the state digitize and simplify the entire grants process to better support the impact of grants on its communities, specifically regarding grant funding received in response to the COVID-19 pandemic. eCivis provides full lifecycle grants management software and services which include audit and compliance automation, data management and reporting, workflow automation and cost recovery solutions.

OpenCounter, a leading provider of public sector permitting technology, is supporting the City of Fort Worth, TX with the digital transformation of its zoning, permitting and licensing services. OpenCounters online solution, which the city calls CFW Permit Assist, is now available to residents 24/7 on any device connected to the internet. The new technology will help alleviate repetitive questions for city staff, who field more than 200,000 in-person zoning, permitting and licensing inquiries annually. Additionally, it improves the citizen experience, especially during COVID-19, by providing faster, safer, self-service options.

Questica, a leading public sector budgeting solutions provider, is supporting 48 customers in Texas with Questica Budget and PowerPlan solutions. With Questicas advanced, cloud-based budgeting software, 16 local governments and 32 nonprofit organizations throughout the state have modernized their budgeting process, replacing outdated and manually-intensive legacy systems. As a result, these organizations now have access to a centralized location for their data, allowing their finance teams to operate more efficiently and make more informed data-driven decisions for constituents.

For more information about GTY Technology, the GTY family of companies, or investment opportunities, visit http://www.gtytechnology.com.

About GTY Technology Holdings Inc.

GTY Technology Holdings Inc. (NASDAQ: GTYH) (GTY) brings leading public sector technology companies together to achieve a new standard in stakeholder engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments, education institutions, and healthcare organizations spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spending decisions; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; OpenCounter builds permitting and licensing software to streamline interactions between applicants and staff; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The companys actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the companys expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the companys control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the impact of the COVID-19 pandemic, or other public health crises, on our operations, our customers and the economy; (2) the risk that the ongoing integration of the businesses acquired in our business combination disrupts current plans and operations; (3) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) our failure to generate sufficient cash flow from our business to make payments on our debt; (5) changes in applicable laws or regulations; (6) the possibility that the company may be adversely affected by other economic, business or competitive factors; and (7) other risks and uncertainties included in our Annual Report on Form 10-K for the year ended December 31, 2020 and our subsequent filings with the Securities and Exchange Commission. We caution you that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

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LINCROFT, NJ High Technology High School in Lincroft has been ranked the 2021 Best STEM (Science, Technology, Engineering and Math) high school in the entire nation, according to U.S. News and World Report.

In addition to being named the "Best STEM High School," High Technology was also ranked number 53 in the best high school national rankings and ranked number 2 best high school in the state of New Jersey.

High Tech is technically part of the Monmouth County Vocational School District (MCVSD). Monmouth County oversees the administration of county tech schools.

"Ranking as the top STEM school in the nation is a tribute to the hard work of the teachers, administration and staff who work tirelessly to provide the best education for their students," said Monmouth County Commissioner Director Tom Arnone.

"High Technology is one of the many examples of the magnificent educational institutions we have here in Monmouth County. We are so proud of High Technology High School for receiving this honor."

The methodology focused on six factors: college readiness, reading and math proficiency, reading and math performance, underserved student performance, college curriculum breadth and graduation rates. This latest ranking used data from the 2018-2019 school year and was not affected by the COVID-19 pandemic.

"High Technology High School gives students interested in the STEM field incredible opportunities in an innovative culture where they can achieve their goals and beyond because of the highly qualified teachers and staff members who guide them," said County Commissioner Lillian Burry. "I am not surprised to see High Technology receive national recognition once again. This is a well-deserved honor for the High Technology school community and we commend them."

For more information about the Monmouth County Vocational School District, visit http://www.mcvsd.org.

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High Technology Is Best STEM School In Nation - Patch.com