Category Archives: Technology

Leland, NC (WWAY)The Leland Police Department can now fully process a person in house that has been arrested in the town without having to make a trip to the Brunswick County Sherriffs Office in Bolivia. This is thanks to new technology in the department.

The new technology within the police department of Town Hall includes a video magistrate system, an automated fingerprint identification system, and an intoximeter.

The most significant piece of technology to the department is the video magistrate system. With this, they can securely video calla court magistrate to obtain the necessary processing paperwork, like arrest warrants, magistrates orders, or involuntary commitment paperwork. It also enables them to bring a suspect before an officer of the courtfor the service of a process.

Having this technology and being able to use it without having to make that drive has been a huge benefit to our agency. Its not a service that just benefits our staff singularly, its also something that will assist other agencies here inside of the county.

Chief Humphries says that safety of the town is always a priority, so being able to keep officers inside the city limits is a great way of enhancing that, and also wants other agencies to be aware that these resources are available to utilize when needed.

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Leland Police adds new technology to assist with arrests made in town limits - WWAY NewsChannel 3

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: ZI), a global leader in modern go-to-market software, data, and intelligence, announced that it now delivers insights into the technology solutions used by more than 30 million companies, allowing customers to more accurately target their sales and marketing campaigns.

Companies can use this technographic data to research whether a prospective buyer uses competing or complementary products and to understand an accounts technical maturity. ZoomInfos expanded technographic dataset now traces more than 300 million pairings between companies and the distinct technologies, platforms, and programming languages they use, arming sales, marketing, and recruiting teams with an incredibly detailed web of prospecting information about their best-fit accounts. ZoomInfo can identify technologies across more than 200 technology categories, including a company's Customer Relationship Management (CRM) software, Enterprise Resource Planning (ERP) software, and Applicant Tracking System (ATS).

Knowing which technologies your prospects use before you even pick up the phone gives sellers a tremendous head start, said Kirti Patel, Senior Director of Engineering at ZoomInfo. With todays economic headwinds, sales teams are looking for every opportunity to increase efficiency, and having access to a prospects tech stack can transform your go-to-market engine.

ZoomInfos technographics pipeline accurately profiles a companys technology stack by analyzing data from more than 20 types of sources, including first-party websites, job postings, and customer testimonials. This newly enhanced pipeline now tracks the use of more than 30,000 technologies. Customers also gain visibility into where companies are using each technology in their business, such as when a company is using a specific ecommerce solution on its checkout page or operating a chatbot solution on its home page.

Additionally, tech companies can leverage ZoomInfos technographics data to identify their competitors customers, allowing sales teams to make their case for displacement and win back business. Companies that partner or integrate with other companies can also analyze technographics data to guide their partnership strategies.

After identifying best-fit targets, users can improve sales productivity and win rates through personalized messaging, all within RevOS, ZoomInfos modern revenue operating system.

Customers who use ZoomInfos SalesOS and MarketingOS products can search for prospects based on the technologies they use and receive alerts when companies of interest add or drop specific technologies from their tech stack. ZoomInfos automated sales and marketing tools also allow users to immediately take action on those insights for example, launching an email outreach sequence or an account-based marketing campaign tailored to those prospects specific needs. When looking to fill roles, TalentOS users can filter and identify candidates based on their experience with specific technologies the hiring company already uses.

Additionally, OperationsOS users can leverage ZoomInfos technographic data brick to build lookalike models, allowing sales operations teams to uncover their most likely buyers, based on the prospect's level of business complexity as indicated by the other tech solutions they currently use.

Through significant enhancements to its machine learning algorithms and processes, ZoomInfo now constantly looks for and refreshes data about the technologies being used by individual companies, often on a daily basis. Nearly 90 percent of the active tech-to-company pairings in ZoomInfos platform have been updated within the past three months.

The breadth of ZoomInfos data puts us in a position to be able to track prospects that we can actually work with, because they usually have specific technologies that they work with that we need to be able to tap into, said Mike Perrone, Chief Revenue Officer at Prodoscore, an employee productivity software company.

For more information on ZoomInfos enhanced technographic data, please visit zoominfo.com/data.

About ZoomInfo

ZoomInfo (NASDAQ: ZI) is a leader in modern go-to-market software, data, and intelligence for more than 30,000 companies worldwide. ZoomInfos revenue operating system, RevOS, empowers business-to-business sales, marketing, operations, and recruiting professionals to hit their number by pairing best-in-class technology with unrivaled data coverage, accuracy, and depth of company and contact information. With integrations embedded into workflows and technology stacks, including the leading CRM, Sales Engagement, Marketing Automation, and Talent Management applications, ZoomInfo drives more predictable, accelerated, and sustainable growth for its customers. ZoomInfo emphasizes GDPR and CCPA compliance. In addition to creating the industrys first proactive notice program, the company is a registered data broker with the states of California and Vermont. Read about ZoomInfos commitment to compliance, privacy, and security. For more information about ZoomInfos leading go-to-market software, data, and intelligence, and how they help sales, marketing, operations, and recruiting professionals, please visit http://www.zoominfo.com.

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ZoomInfo Provides Technology Usage Insights for More Than 30 Million Companies - Business Wire

ST. LOUIS, Aug. 30, 2022 /PRNewswire/ -- Broadview Group Holdings, LLC ("Broadview"), a leader in direct middle-market investing, is excited to announce the addition of Andrew Hedrick to the team as the Director of Technology to lead technology strategy and operations at Broadview.

Prior to Broadview Group, Andrew was Director of Technology at Dot Family Holdings, where he developed and executed technology strategies and initiatives for all platform investments. Prior to Dot Family Holdings, Andrew spent more than a decade in Washington, DC, where he worked with the United States Cyber Command and other Intelligence Community partners to provide strategy for telecommunications and computer network operations. Among his many projects, Andrew created systems for rapidly ingesting and cataloging datasets to answer analytic questions, implemented strategies to discover high-value targets of interest, and fused remote sensing technologies together to support the military and foreign policy of the United States.

"We are extremely pleased to have Andrew join Broadview at a pivotal point in the firm's technology evolution. Andrew's track record and experience will be invaluable in leading technology initiatives across our existing and future portfolio companies," said Clay Hunter, the Co-Founder and Chief Executive Officer of Broadview. "With the addition of Andrew, management teams at our portfolio companies can now leverage sophisticated technology resources unique to our level of the market, gleaning insights and assistance with technology initiatives as wide ranging as cyber security to data management strategy with the aim of creating outsized competitive advantages in their markets and maximizing growth."

ABOUT BROADVIEW GROUP HOLDINGS, LLC

Broadview Group Holdings, LLC invests in and partners with successful business owners and growth-oriented leadership teams to help scale and create significant and sustainable value in commercial and industrial products, specialty distribution, commercial and industrial services, and food and agriculture businesses.Broadview's permanent capital base and long-term perspective ensure true alignment with its partners and portfolio companies.Broadview Group's principals have decades of experience leading and scaling businesses and providing strategic insight and other expertise as executives, lead investors and board members in a variety of businesses and industries. For more information, please visit http://www.broadviewgroup.com.

Contact: [emailprotected]

SOURCE Broadview Group Holdings

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Broadview Group Adds Andrew Hedrick as Director of Technology - PR Newswire

While ILTACON isnt the only legal technology show around, it is the one that seems to best deliver the mood of the industry. Its the show where I first noticed the AI hype wave break and roll back. It also provided an eerie snapshot of an industry grappling with the pandemic. Something about this once-a-year conference and its generalist portfolio this isnt an eDiscovery show or a CLM show always slowly reveals some key truths about the state of legal technology.

Coming off a pandemic stress test, legal technology came into ILTACON22 a little wiser and more mature than its been before.

Not that legal tech wasnt always serious business my presence at these events notwithstanding but variations on the word mature kept coming up throughout the week to the point that it started to make ears perk up. The context was never exactly the same, but it generally tied to a playing field more settled into feeling confidence in what they provide clients. And equal confidence in what they dont.

Which is a natural evolution. Startups are likely to run around like their funding is on fire trying to satisfy anyone who can bring in revenue. It takes time and experience to realize exactly what the product can deliver and be in the position to sell the client on what you are. Over the course of the show, I noticed fewer vendors selling me on how they can nimbly change the product to meet a new demand than past years and more willing to tell me about all the customization available in the product already.

If one term challenged maturity as the buzzword of the show, it was API. Though it seemed as though the latter only fed the former. Vendors seemed at ease explaining that some functions were outside their wheelhouse but that they could easily plug someone elses solution in. Partnerships and spreading the wealth came up a lot thats not the language of a sector doggedly fighting over every last inch of share.

Welcome to the era of playing nice! The closing keynote presentation hinted that Microsoft, Zoom, and Citrix were even working on some limited interoperability.

Is this a function of the pandemic teaching us all what really matters? Redgrave Datas Dave Lewis suggested I shouldnt count it out entirely. Though the availability of expertise like Redgraves is pretty important too someone who can bring consulting services to clients to coordinate technologies or create process automation. Where out of the box vendors cant work together the necessary skills are out there to bridge that gap.

Sectors based on innovation will never truly reach an end state, but theres something to be said about the landscape settling down with defined lanes. And that could be what brings out the most revolutionary developments. Art through adversity, as they say some of the best stuff comes from inventing within a defined space. Lets see where we go from here.

Joe Patriceis a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free toemail any tips, questions, or comments. Follow him onTwitterif youre interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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ILTACON Reveals The Maturity Of Legal Technology - Above the LawAbove the Law - Above the Law

IBM Corp. and VMware Inc. are expanding their long-running partnership to better support customers information technology modernization initiatives.

The companies announced the move today at the VMware Explore 2022 conference in San Francisco. The expanded alliance places a particular emphasis on public sector organizations, as well as private sector companies in regulated industries such as healthcare and finance.

As part of the expanded alliance, VMware has named IBMs IBM Consulting division a Global Systems Integrator partner. IBM Consulting will provide services intended to help organizations modernize their workloads and move them to newer technology infrastructure. Additionally, the division will assist organizations with the day-to-day maintenance work involved in running applications.

This ongoing collaboration will enable us to better streamline the user experience for our mutual enterprise customers looking to run VMware mission critical workloads that require higher levels of security, resiliency and compliance support in financial services and regulated industries, said Mark Lohmeyer, senior vice president and general manager of VMwares cloud infrastructure business.

Another focus of the expanded partnership is the VMware and IBM Joint Innovation Lab. Originally launched in 2018, the lab is a hub where employees from the two companies collaborate on joint engineering initiatives. IBM and VMware will provide additional funding for the hub that will enable it to continue developing new offerings.

The company companies today that the VMware and IBM Joint Innovation Lab has completed 20 hybrid cloud and artificial intelligence projects since its launch. As part of its work, the lab has produced multiple reference architectures, blueprints that make it easier to use IBM and VMware products in the same technology environment.

Last year, IBM expanded its product portfolio with a platform called IBM Cloud Satellite. The platform enables customers to deploy key services from the companys public cloud in their on-premises data centers. IBM today stated that it will equip IBM Cloud Satellite with improved support for on-premises workloads that run on VMware software.

Together, IBM and VMware are supporting our mutual clients in regulated industries by offering something no two other companies are delivering to more easily leverage hybrid cloud services securely wherever and however they wish to run them, said Howard Boville, the senior vice president of the IBM Cloud Platform.

Last year, IBM spun off its managed infrastructure services division into an independent company called Kyndryl Holdings Inc. that is now traded on the NYSE. A few weeks after the spinoff, VMware announced a new collaboration with Kyndryl focused on the virtualization providers Tanzu suite of multicloud products. As part of the collaboration, Kyndryl will provide advisory, implementation and IT management services to help companies run Tanzu in their technology environments.

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IBM and VMware expand their technology partnership - SiliconANGLE News

PORTLAND, Maine, Aug. 30, 2022 /PRNewswire/ -- Recently the home building industry has been impacted nationwide by supply chain challenges, rising materials costs, and COVID-19 health and safety requirements. In response, one Portland Maine roofing company is using technology to meet the challenge. The Roof Doctors has introduced "satellite imaging technology" to improve the timeliness and accuracy of its roofing quotes.

At the start of the COVID-19 pandemic, owner Danny Dumond and his team of Portland Maine roofers saw this new technology as a way to protect both its customers and team members from exposure to the virus. It had the added bonus of increasing their ability to provide quicker and more accurate quotes. Using satellite imaging technology, this innovative Portland Maine roofing contractor and his team of roofers collects the exact measurements of a client's property without stepping foot on it. A satellite image is captured with 3D imaging technology that accurately shows the measurements needed for a new roof or roof replacement quote.

"It's amazing to see the impact of this technology on our industry. Today it can be used to drill down to show exactly how many bundles of shingles are required for a job on a home or business you haven't yet visited in person. During the height of the pandemic, we used it to help keep everyone safe while continuing to provide homeowners with essential home repairs. Today, our clients love how quick and efficient it is," said Dumond.

Satellite images are digital photographs taken using satellites, or even drones. These photos can be accessed on Google Earth or similar software. This unique Portland Maine roofing contractor uses these images to quickly take precise measurements. Any style of roof can be measured this way and they can look at the roof from various angles to measure everything from the pitch to gables and ridges. They have proven that satellite imaging measurements are just as accurate as a contractor. The measurements can be completed in a fraction of the time with no imposition for the homeowner.

Apart from COVID safety, satellite imaging also decreased the risk of injury to roofers since they weren't having the added risk of using ladders or climbing across rooftops trying to get measurements. The satellite images enabled The Roof Doctors to safely see and measure hard to reach areas without potentially putting their workers in jeopardy.

In one review of The Roof Doctors, homeowner David H expressed his amazement after finding these Portland Maine roofers when "a quote was given to me an hour after I reached out to them." Suffice it to say this homeowner hired these Portland Maine roofing contractors and was "very pleased with The Roof Doctors." Another homeowner also was appreciative of the speed and accuracy of the quote on a complete roof replacement, with The Roof Doctors providing a quote within a day and stating, "The roofing crew was professional, on site when they said they would be, and kept the property protected and clean of debris. Roof looks great and I would recommend The Roof Doctors to others looking for a Portland, Maine roofer."

Satellite imaging is just the latest tool that helps these modern Portland Maine roofers stay current and pass the savings onto their customers.

You can visit The Roof Doctors at http://www.theroofdoc.com to learn more and keep up with The Roof Doctors on social media by visiting them on Facebook, Twitter, LinkedIn, and YouTube.

Media Contact:Name Chris MorenoPhone 207-332-3306Email: [emailprotected]

SOURCE The Roof Doctors

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Portland Maine Roofing Contractor Uses Satellite Imaging Technology to Stay Ahead of the Curve - PR Newswire

DUBLIN--(BUSINESS WIRE)--The "Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component, Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, GOA 4 Systems and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The Global autonomous train market is estimated at USD 8.3 billion in 2022 and is projected to grow at a CAGR of 5.1% from 2022 to 2030, to reach USD 12.3 billion by 2030.

The rail industry across the globe is undergoing continuous changes in terms of technologies to become highly efficient and provide improved services to commuters/passengers. The high grade of automation in trains enables increased control over the speed and formulation of effective traffic management strategies.

It also reduces the chances of mishaps caused by human error. Lawsuits resulting due to mishaps caused by negligence or incompetence of train drivers are expensive. Autonomous or driverless trains ensure smoother acceleration as compared to trains operated manually, thereby resulting in increased lifespan of wheelsets and traction/braking equipment of trains.

These trains also offer improved passenger comfort. Developed regions, such as North America and Europe, are improving the safety of railways by retrofitting trains and replacing existing systems with new and advanced systems. For instance, in the European region, a new initiative known as the 4th railway package, has been undertaken to create a single European rail area with structural and technical reforms.

The initiative aims at providing a high level of safety, interoperability, and reliability to the European rail network. Automated Train Operation is an operational safety enhancement device used to help automate the operation of trains. The degree of automation is indicated by the Grade of Automation (GoA), up to GoA level 4 (where the train is automatically controlled without any staff on board).

ATO is primarily used on automated guideway transits and rapid transit systems where it is easier to ensure the safety of humans. On most systems, there is a driver present to mitigate risks associated with failures or emergencies. In November 2021 Alstom introduced its new monorail in China which will be equipped with automatic train operation (ATO) grade of operation 4 (GoA4).

Similarly, Technologies such as Positive Train Control (PTC), Communication/Computer-based Train Control (CBTC), (ERTMS) European Railway Traffic Management System and Automated Train Control (ATC) provide ease in operating rail and increase safety & security for trains.

Asia Pacific to be the fastest growing region in the autonomous train market globally.

The growing population in the region, along with better-organized transit systems and a need for safety, has triggered the demand for rails, which directly drives the market for autonomous train technology.

Global rail manufacturers and technology manufacturers, such as Alstom and Bombardier, Inc. among others, cater to the Asian market through supply contracts with governments. The Chinese market will be large in Asia Pacific as there has been a significant increase in demand for high technology rails in the country.

The markets in other countries in Asia Pacific are also growing, though not as fast as the major economies like China, Japan, and India. In March 2021, Hitachi Rail was awarded a supply contract for integrated logistics support for the Frecciarossa high-speed fleet. The contract worth USD 18 billion will be for a duration of six years.

Competitive landscape

Alstom (France), Siemens (Germany), Hitachi (Japan), Wabtec Corporation (US), and Thales Group (France) are the leading players operating in the autonomous train market.

Premium Insights

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Technology Analysis

Regulatory Overview

Scenario Analysis (2022-2030)

Case Study

Company Profiles

Key Players

Other Key Regional Players

For more information about this report visit https://www.researchandmarkets.com/r/f0e15

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$12.3 Bn Autonomous Train Markets by Level of Automation, Technology, Application, Component, Train Type, Track Length, GOA 4 Systems and Region -...

SAN JOSE, Calif. Aug. 29, 2022 (BUSINESS WIRE) New global research commissioned by Cohesity, a leader in next-gen data management, reveals that nearly half of respondents say their company depends on outdated, legacy backup and recovery infrastructure to manage and protect their data. In some cases, this technology is more than 20 years old, and was designed long before todays multicloud era and onslaught of sophisticated cyberattacks plaguing enterprises globally.

In this survey, we found nearly 100 respondents who said their organizations are relying on outdated data infrastructure, and this raises the question, how many other businesses are in the same situation around the world?

Challenges pertaining to outdated infrastructure could easily be compounded by the fact that many IT and security teams dont seem to have a plan in place to mobilize if and when a cyberattack occurs. Nearly 60% of respondents* expressed some level of concern that their IT and security teams would be able to mobilize efficiently to respond to an attack.

These are just some of the findings from an April 2022 survey, conducted by Censuswide, of more than 2,000 IT and SecOps professionals (split nearly 50/50 between the two groups) in the United States, the United Kingdom, Australia, and New Zealand. All respondents play a role in the decision-making process for IT or security within their organizations.

IT and security teams should raise the alarm bell if their organization continues to use antiquated technology to manage and secure their most critical digital asset their data, said Brian Spanswick, chief information security officer, Cohesity. Cyber criminals are actively preying on this outdated infrastructure, as they know it was not built for todays dispersed, multicloud environments, nor was it built to help companies protect and rapidly recover from sophisticated cyberattacks.

Backup and Recovery Infrastructure That Could Be Considered Archaic

Forty-six percent of respondents said that their organization relies on primary backup and recovery infrastructure that was designed in, or before, 2010. Nearly 100 respondents (94 out of 2011) revealed that their organization relies on backup and recovery infrastructure that was built before the new millennium in the 1990s.

Enterprises are utilizing this legacy technology despite the fact that managing and securing data environments has become much more complex, not just because of the exponential growth in structured and unstructured data, but because of the vast array of locations where that data is stored. Forty-one percent of respondents stated that they store data on-premises, 43% rely on public cloud storage, 53% utilize a private cloud, and 44% have adopted a hybrid model (some respondents are using more than one option).

In 2022, the fact that any organization is using technology to manage their data that was designed in the 1990s is frightening, given that data can be compromised, exfiltrated, held hostage, and it can create massive compliance issues for organizations, said Spanswick. In this survey, we found nearly 100 respondents who said their organizations are relying on outdated data infrastructure, and this raises the question, how many other businesses are in the same situation around the world?

What Keeps IT and SecOps Teams Up at Night

Respondents highlighted what they believe would be their biggest barriers to getting their organization back up and running after a successful ransomware attack. The findings are as follows (respondents were asked to check all that apply):

With respect to the lack of coordination between IT and security, this coincides with other findings from this survey, denoting that a gap often exists between IT and SecOps that puts businesses and security postures at risk. For more on that, click here.

What Do Survey Respondents Want Management to Prioritize?

Respondents revealed that modernizing data management, protection, and recovery capabilities, in addition to increasing collaboration between IT and SecOps, offers a path to strengthening their organizations security postures and multicloud operations. The top five must have'' measures that respondents would ask management for in 2022 are:

Both IT decision-makers and SecOps should co-own the cyber-resilience outcomes, and this includes an evaluation of all infrastructure used in accordance with the NIST framework for data identification, protection, detection, response, and recovery. Also, both teams need to have a comprehensive understanding of the potential attack surface, said Spanswick. Next-gen data management platforms can close the technology gap, improve data visibility, help IT and SecOps teams sleep better at night, and stay one step ahead of bad actors who take great delight in exfiltrating data from legacy systems that cant be recovered.

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[*] When asked If a ransomware attack occurred today, how confident, if at all, are you/would you be that your IT and Security teams would be able to mobilize efficiently to respond to the attack, 60% applies to respondents who said Somewhat confident, Not very confident, and Not at all confident.

About Cohesity

Cohesity radically simplifies data management. We make it easy to protect, manage, and derive value from data across the data center, edge, and cloud. We offer a full suite of services consolidated on one multicloud data platform: backup and recovery, disaster recovery, file and object services, dev/test, and data compliance, security, and analytics reducing complexity and eliminating mass data fragmentation. Cohesity can be delivered as a service, self-managed, or provided by a Cohesity-powered partner.

2022 Cohesity, Inc. All rights reserved. Cohesity, the Cohesity logo, Helios, and other Cohesity marks are trademarks or registered trademarks of Cohesity, Inc. in the U.S. and/or internationally. Other company and product names may be trademarks of the respective companies with which they are associated.

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Cohesity Research Reveals that Reliance on Legacy Technology Is Undermining How Organizations Respond to Ransomware - DARKReading

U.S. Senator Chris Murphy from Connecticut recently returned from a visit to Colombia and Mexico, where he discussed the "vicious cycle" of drug and weapons trafficking across the U.S.Mexico border.

There is a vicious cycle of guns moving South and drugs moving North, Murphy said.

Drug overdoses are the leading cause of accidental death in Connecticut, and 86% of overdoses involve fentanyl.

Murphy, who chairs the Senate Appropriations Subcommittee on Homeland Security, said that Congress has authorized $700 million for new technology to help identify fentanyl at the border, but that only 10 percent of it has been used. He added that most of the fentanyl seized by the U.S. government arrives at the border through legal ports of entry.

He also called on the Biden administration to work with the Chinese government to crack down on the illegal export of ingredients used to produce fentanyl.

Murphy said he plans to propose additional investment in x-ray and thermal scanning technology that could help detect firearms in vehicles moving south. Experts say that a large portion of the firearms in Mexico come from the United States.

Physical inspections were never going to be the solution, Murphy said. If you inspected rigorously every single car or truck that shows up at the border, you would stop commerce between the United States and Mexico. But the non-intrusive inspections allow you to inspect every single vehicle while allowing traffic to move relatively freely.

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Murphy calls for investments in technology, diplomacy to curb drug and gun trafficking - Connecticut Public

Leadership from Fiserv and RU-N inside the planned innovation space

Fiserv, Inc., a leading global provider of payments and financial services technology with a growing presence in New Jersey, is partnering with Rutgers University-Newark to create and fund a new program designed to drive diversity and innovation within the financial technology field.

The Fiserv-RU-N Program for Inclusive Innovation will create a center on campus that will serve as a research and incubation space for the RU-N community and local businesses, provide annual scholarships for undergraduate students over a five-year time span, and support career modules to prepare students for internships and jobs.

"Through its synergy with Rutgers-Newark, Fiserv will foster inclusive innovation in New Jerseys largest city, said New Jersey Governor Phil Murphy. The tremendous growth and success of Fiserv in New Jersey epitomize what a company can achieve when it creates value while simultaneously reflecting the values of its customers. Diversity and inclusion are core principles that define us as New Jerseyans, and I am delighted that Fiserv is launching initiatives that not only embody, but build upon, those principles.

Fiserv will also support research involving technology and commerce, such as cybersecurity and legal and ethical topics surrounding financial technology.

Consumer expectations for financial services and payment experiences continue to evolve, creating a demand for continuous innovation, said Frank Bisignano, Fiserv Chairman and Chief Executive Officer. This program will add a new dimension to our ability to bring together a diverse range of perspectives as we develop new answers to the challenges faced by our clients and the financial services industry. With nearly every household in the U.S. having a touchpoint with a Fiserv solution, from digital banking to card payments, we have a tremendous opportunity to deliver capabilities that enhance financial services experiences. Were energized by the opportunity to cultivate great talent and ideas through the Fiserv-RU-N program.

This is a watershed moment for Rutgers-Newark. Fiserv is a visionary company that shares our sense of urgency in building and broadening pathways to business and tech careers for students from our increasingly diverse communities, and shares our understanding that doing this helps drive innovation forward. Were creating an unprecedented partnership right here in Newark. Its nerve center will be a collaborative innovation lab right on Washington Street where we can set new standards for the fintech industry, where experienced professionals work side by side with university researchers and professionals of tomorrow from Newark, Greater Newark, and beyond, leveraging diversity, creating better, smarter solutions by bringing people from many backgrounds together to tackle problems, said Rutgers-Newark Chancellor Nancy Cantor.

Fiserv is a Fortune 500 company with a long-standing presence in New Jersey. The company, which will open a new campus in Berkeley Heights in September, will provide $5.15 million in total funding for the Program for Inclusive Innovation. In addition to enabling the establishment of the center, this funding will support 40 annual scholarships of $2,500 each, including 10 for military veterans attending RU-N and 10 for Rutgers Business School students, with a priority given to those studying finance and information technology. Fiserv will also support career modules to prepare students for internships and jobs, including positions within the company.

A major program component will be a new innovation center on Washington Street, which will house technology and provide ample space for collaboration and research between faculty, students, and city business owners.

Bringing diverse perspectives into the financial technology field enables us to better anticipate consumer needs and serve clients, said Guy Chiarello, Chief Operating Officer at Fiserv. The novel insights generated by this partnership and physical space will spur research and innovation, to help facilitate commerce in the Newark region and beyond.

In addition to the Fiserv-RU-N Program, Fiserv continues to support Rutgers-Newark efforts like the Center for Urban Entrepreneurship (CUEED) and Rutgers Advanced Institute for the Study of Entrepreneurship and Economic Development (RAISED), which work with minority, women, and veteran owned businesses in Newark and other state towns.

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Fiserv and Rutgers-Newark Partner on Program to Drive Financial Technology Inclusion and Innovation - Rutgers Newark