Ondot Names LSC as Referral Partner

Organizations to collaborate on providing financial capabilities and services to more credit unions

San Jose, California, Nov. 12, 2020 (GLOBE NEWSWIRE) — Ondot Systems, the digital card services platform for credit and debit issuers, announces a partnership with LSC (Naperville, Ill.), a credit union service organization, to help provide the latest member experiences and digital capabilities to credit unions.

E-commerce is growing at a face pace and keeping up with payment use trends is vital for credit unions to remain relevant to their members. As part of this agreement, Ondot and LSC offer participating credit unions increased access to LSC’s services as well as Ondot’s Card App, a digital card management platform offering members a solution to help manage, track, control and monitor debit/credit card usage and spending from a mobile app, while also providing significant operational benefits.

“This partnership provides a way for interested credit unions to enhance member service with the most competitive technology and financial services in the industry. By helping credit unions provide key digital card services to members, LSC continues to bring our partners the valuable resources they need to succeed,” said Libby Calderone, President of LSC.

“By working together, Ondot and LSC are able to offer credit unions the ability to provide their members with a digital-first card management platform that offers the best consumer experience and helps level the playing field with offerings from large banks and tech giants,” said Robin Gusse, senior director, Alliances and Partnerships at Ondot.

About LSC

LSC® is a credit union service organization offering a wide array of products and services and is dedicated to helping credit unions compete.   Its experience and expertise in all areas from card programs and customer service to education and legal advocacy, as a corporate partner of the Illinois Credit Union League, has made LSC a key support provider in the credit union movement.   Its products include credit and debit programs, pre-paid debit cards, portfolio development consulting, Agent credit card programs, ATM services, and debt collection.  It serves more than 2,300 credit unions in 50 states.  More information can be found at: http://www.lsc.net.

About Ondot

Founded in 2011, Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. From community issuers to top global banks, Ondot enables financial institutions to offer in-the-moment convenience, control, and transparency for credit and debit cards, leading to higher usage, lower cost, and reduced fraud. To learn more about Ondot Systems, visit www.ondotsystems.com.

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Gary Singh
ondot systems
+1 5105997758
[email protected]

Donan Add-On for ClaimCenter Now Available in Guidewire Marketplace

Donan Add-On for ClaimCenter Now Available in Guidewire Marketplace

Forensic investigation technology and services help claims adjusters increase efficiency and mitigate risk

LOUISVILLE, Ky. & SAN MATEO, Calif.–(BUSINESS WIRE)–
Donan, a leading forensic investigation firm, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced that Donan’s Ready for Guidewire-validated add-on is now available to insurers in the Guidewire Marketplace.

The Donan Connect for Claims Investigative Services add-on enables ClaimCenter users to initiate an investigative assignment quickly and efficiently and access status updates and documents relevant to the investigation from within ClaimCenter. When submitting an assignment through the Donan Connect add-on, the required information automatically populates from the ClaimCenter claim file. No more logging into a portal and having to copy and paste information. In addition to comprehensive reporting and invoicing, Donan Connect delivers fully interactive Matterport 3D scans available directly from the claim file. These scans offer a first-person view into a claim that can be referenced at any time. Accessing Source7 AI through ClaimCenter (via Donan Connect) also allows insurers to automate product liability decisions based on their unique goals. This ability eliminates the uncertainty surrounding subrogation by automating the process of determining which investigations to pursue.”

“As the first forensic investigation firm to partner with Guidewire, Donan is furthering our efforts to deliver an optimal customer experience. As such, we consider this partnership as much an integration with our clients’ processes as with Guidewire itself,” said Lyle Donan, president and chief executive officer, Donan. “All communications with Donan, from submission to status updates to invoicing, are completed within ClaimCenter. This single-application process maximizes efficiency, accuracy, and customer experience.”

With Donan’s integration for ClaimCenter, insurers can:

  • Improve efficiency, accuracy, and financial performance for their claims department
  • Access detailed communications, reporting, and 3D scans of the loss location from ClaimCenter
  • Receive the Donan investigation report and invoice directly through ClaimCenter

“We congratulate Donan on the publication of its add-on for ClaimCenter,” said Becky Mattick, vice president, global solution alliances, Guidewire Software. “By listening to our mutual clients’ needs around property claims management, Donan delivers top-tier service to our clients through Donan Connect. This integration provides a single-system platform for property loss claims information, ensuring transparency and access to innovative solutions.”

About Donan

Donan is a full-service, world-class forensic investigation firm with offices throughout the United States. Their services include forensic engineering, fire investigation, component testing, evidence logistics, and property intelligence solutions. Since 1947, Donan has provided first-rate expertise, conclusive answers, and superior insights through innovation. Their mission is to provide conclusive, unbiased, and accurate forensic investigation services with the fastest turnaround time and best customer service in the industry. Visit them online at www.donan.com.

About Guidewire PartnerConnect and Ready for Guidewire

Guidewire PartnerConnect is a global network of select companies that provide consulting services and solutions to enhance, extend, and complement the capabilities of Guidewire products. Our worldwide community helps contribute to the success of our mutual customers in the general insurance industry by delivering Guidewire software implementations, value-add solution and technology offerings, and guidance on insurance industry best practices.

Guidewire DevConnect is a developer platform that enables Guidewire PartnerConnect Solution partners to create innovative add-ons that integrate with Guidewire InsurancePlatform products. DevConnect add-ons feature straight forward installation, full-fidelity upgrades, and enhanced support – enabling insurers to focus on innovation and growth. With a complete set of APIs, software development kits, and associated tools, DevConnect provides everything that the independent P&C insurance developer community needs to rapidly design and build feature-rich add-ons for Guidewire products and publish them in the Guidewire Marketplace.

Guidewire PartnerConnect is an invitation-only program. For more information about Guidewire PartnerConnect please visit http://www.guidewire.com/partners/.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire. ​

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter: @Guidewire_PandC.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Diana Stott

Director, Communications

Guidewire Software, Inc.

+1.650.356.4941

[email protected]

Kristi Moad

Marketing Director

Donan

1.800.482.5611 ext. 2270

[email protected]

KEYWORDS: United States North America California Kentucky

INDUSTRY KEYWORDS: Data Management Technology Professional Services Security Other Technology Software Networks Internet Insurance Mobile/Wireless Hardware

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2020 Menu & Sales Trends: Comfort Food Is Up, Tips are Down

PROVIDENCE, R.I., Nov. 12, 2020 (GLOBE NEWSWIRE) — The state of the restaurant industry is ever-evolving, but nothing could have prepared restaurant owners and operators for 2020. Upserve’s annual report assesses sales and menu trends from over 10,000 US restaurants to find out what menu items sold best in 2020 for online ordering, in-house dining, and at James Beard Award-winning restaurants.

This report also includes data from 10 restaurants who managed to beat the odds and were able to grow their year-over-year sales by up to 188%!

“In uncertain times it’s critical to have as much information at our disposal as possible,” said Thomas Keller Group CEO Joe Essa. “The data in this report will hopefully help restaurateurs and operators make decisions in the coming month, and lend them new strategies and tactics to consider for their businesses.” 

2020 Restaurant Industry Menu Trends

  • Online Ordering is obviously huge in 2020, and customers are craving comfort food when they’re ordering in (can you blame us?). Online Ordering sales of sandwiches (21%), pizza (+9%), burgers (+10%), and fried chicken (+5%) were up from last year. 
  • When it comes to dine-in, guests are going big with seafood (+17%) and steak (+8%) topping the list. With guests dining out less, it makes sense that they are ordering bigger ticket items when they do. 
  • James Beard Award-winning restaurants drive industry trends, but this year they opted for simple, family-style meals to meet consumer demand for takeout, while keeping more special options available via popular tasting menus for dine-in.


Download the full report

to see the top 10 most-ordered items, find out how menu trends varied by restaurant type, and more.

2020 Sales Trends in the Restaurant Industry 

  • We break down sales trends in major restaurant cities and found Boston, NOLA, and San Francisco were hardest hit when it comes to year-over-year revenue.
  • While all types of restaurants saw a dip in sales starting in mid-to-late March, bars and fine dining establishments were hardest hit.
  • Restaurant tips took a dive in 2020: They’re down 6% on average and dipped to their lowest at the peak of the pandemic.


Download


Upserve’s


2020 State of the Restaurant Industry Report to see the whole story.

About
Upserve

Upserve is the magic ingredient that helps restaurateurs become wildly successful, providing everything you need to manage a restaurant in a single hub. Upserve offers the market-leading cloud restaurant POS, actionable insights, transparent processing, online ordering, automated inventory, workforce tools, and mobile restaurant management. Over 10,000 restaurants use Upserve to manage relationships with more than 57 million active diners, process over $11 billion in annual sales and serve over 36 million meals per month.

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/e2773a5e-3150-4151-93f6-a777fc7531ad



https://www.globenewswire.com/NewsRoom/AttachmentNg/f799aa3a-95d4-4d08-906f-460dda0713cf

Amber van Moessner
1 (855) 66G ETUP
[email protected]

Royal Bank of Canada announces results of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BF conversion privileges

Canada NewsWire

TORONTO, Nov. 12, 2020 /CNW/ – Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced that during the conversion notice period, which ran from October 26, 2020 to November 9, 2020, 52,464 Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BF (the “Series BF shares”) were tendered for conversion, on a one-for-one basis, into NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BG (the “Series BG shares”). As per the conditions set out in the prospectus supplement dated March 9, 2015, since less than 1,000,000 Series BG shares would be outstanding after November 24, 2020, holders of Series BF shares will not be entitled to convert their shares into Series BG shares. As a result, Series BG shares will not be issued at this time and holders of Series BF shares will retain their shares.

On November 24, 2020, Royal Bank of Canada will have 12,000,000 Series BF shares issued and outstanding. The Series BF shares are currently listed on the Toronto Stock Exchange under the symbol RY.PR.M.

SOURCE Royal Bank of Canada

Key4Women Survey Reveals Women Business Owners’ Confidence Falling in 2020

PR Newswire

CLEVELAND, Nov. 12, 2020 /PRNewswire/ — The COVID-19 pandemic has caused incredible strain for business owners across our nation, and the future of business is coming into focus as KeyBank learns more from women business owners and their own personal outlook. A recently completed survey shows confidence is falling compared to previous years of the same survey. In two years, we are seeing a 22% drop among respondents who say they are confident of their personal finances in the future. We are also seeing a 23% drop in those business owners who say they are confident in the financial health of their business over the last two years.

Full Survey Results: https://bit.ly/3pif1On

How Businesses are Adjusting

About one in three women-owned small businesses have low optimism that they will achieve their business goals over the next year, mostly due to the pandemic and economy. Six in ten women business owners report the pandemic directly impacted their business negatively. Among all respondents, the effects of the pandemic are creating three big challenges that stand out.

  • 40% of respondents cite adjusting to a new operating model
  • 36% say they are having trouble attracting customers
  • 36% say they are having trouble maintaining staff productivity

For one in four women owned businesses right now, cash-flow management is a problem. Without that flow, many businesses are putting expansion plans on hold. In 2019, 90% of respondents said they planned to expand within the next two years. That has now dropped to approximately three-quarters.

Relying on Resources Available

As businesses focus on their current state of surviving this economic uncertainty, their relationship with their primary bank is becoming more important than ever. Confidence in the financial abilities of businesses are also falling. The ability to handle accounting and finances is down 11% from 2019. The confidence in ability to obtain credit is down 13% from 2019. The confidence in ability to conduct negotiations is down 10% in one year.

Among those surveyed, their primary bank relationship mattered for how they were supported when the pandemic hit. 53% reported their primary bank proactively reached out to them. 70% relied on their primary bank to some degree for financial guidance. “We understand how important the relationships we have with our clients are, not just in the tough times, but in the calm times as well,” said Colleen Dugarte, Vice President and Senior Initiative Development Manager of Key4Women. “These results show us that being there in a time of need truly makes a difference, but more importantly, being there to meet the financial needs of women-owned small businesses in the time ahead is going to be just as critical.”

Optimism Ahead

Optimism has also faded among women business owners with age playing a critical factor in the responses KeyBank found. Overall, while only 46% of the total businesses surveyed were confident about achieving their goals over the next year, down from 71% just two years ago, it was millennial business owners who had more optimism. 60% of those under the age of 35 were optimistic towards the future.

It’s difficult to put a time frame on anything right now as we don’t know how this pandemic will evolve, and how quickly the medical solutions will come, but our respondents did give their best estimations for when they think business will return to normal for themselves.

  • 1 to 3 months: 5%
  • 4 to 6 months: 22%
  • 7 to 12 months: 32%
  • More than a year: 25%
  • Maybe Never: 3%
  • Already returned to normal: 8%
  • Not affected by pandemic: 7%

Methodology
Research for this survey was conducted by Schmidt Market Research, with a third-party panel, Dynata, gathering results from 305 total respondents. This survey was conducted in August of 2020. Please inquire for more information on breakdown of respondents by age and business’ size by revenue.


About KeyCorp

KeyCorp’s (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $170.5 billion at September 30, 2020.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,000 branches and approximately 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. CFMA#201111-908781

 

 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/key4women-survey-reveals-women-business-owners-confidence-falling-in-2020-301171942.html

SOURCE KeyCorp

Itron Achieves Record Registration at First-Ever Virtual Itron Utility Week

Itron Achieves Record Registration at First-Ever Virtual Itron Utility Week

Unveils New Name for the Premier Customer and Partner-Focused Conference

LIBERTY LAKE, Wash.–(BUSINESS WIRE)–
Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its flagship event, Itron Utility Week (IUW), concluded with record registration of more than 1,500 registrants from across the globe, representing 375 utilities and more than 70 cities. Held virtually Oct. 27-29 with the theme of Empowering Innovation, the event brought together customers, partners and influencers to search for new ways to solve problems, improve operations, and redefine the utility and smart city landscape.

Marking Itron’s 38th year of hosting an annual customer-focused event, IUW 2020 provided attendees with access to live and on demand content, which can be accessed through the month of November by visiting www.itron.com/iuw. IUW also celebrated the achievements of the industry and driving excellence in innovation through two award programs. Frost & Sullivan named CPS Energy and BRK Ambiental as the recipients of the fifth annual Excellence in Resourcefulness Awards and Itron named Western Power as the winner of the second annual Itron Innovator Award.

At the conclusion of the event, Marina Donovan, vice president of global marketing and public affairs at Itron, unveiled a new name for IUW: Itron Inspire. This name change reflects the continued evolution both within the industry and in the conference itself with a steadily-growing number of attendees who represent cities, municipalities, co-ops, government entities, partners, technology companies and more—not just utilities.

“As we move forward, we want to make sure that our conference is focused on exploring the possibilities for a better connected, sustainable and resourceful future,” said Donovan. “We want attendees to leave our event feeling inspired and hopeful about what the future holds for our industry.”

Itron Inspire will be held in Palm Desert, California from Oct. 1-8, 2021.

“Our first virtual event focused on empowering innovation, a timely topic for our industry,” continued Donovan. “Through innovation, we can completely redefine the future of utilities and cities to ensure safe, more sustainable and resilient infrastructure. We are looking forward to gathering again next year under our new name, Itron Inspire, with a broader focus on how we, collectively, can leverage technology and services to drive business transformation, enhance customer engagement and unlock innovation.”

To access IUW 2020 session recordings, visit www.itron.com/iuw and select “Register.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Environment Technology Utilities Software Alternative Energy Networks Other Natural Resources Energy Hardware Natural Resources

MEDIA:

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Dexcom Announces Upcoming Virtual Conference Presentations

Dexcom Announces Upcoming Virtual Conference Presentations

SAN DIEGO–(BUSINESS WIRE)–DexCom, Inc. (NASDAQ:DXCM) today announced that management will present an update on Dexcom at the following upcoming virtual investor conferences:

  • Steve Pacelli, Executive Vice President Strategy and Corporate Development will present on behalf of the company at the Stifel Virtual Healthcare Conference on Monday, November 16, 2020 at 11:20am (EST).
  • Steve Pacelli, Executive Vice President Strategy and Corporate Development will present on behalf of the company at the Piper Sandler Healthcare Conference on Tuesday, December 1, 2020 at 3:00pm (EST).

Links to the webcasts will be available on the Dexcom Investor Relations website at investors.dexcom.com/ and will be archived there for future reference.

About DexCom, Inc.

DexCom, Inc. empowers people to take control of diabetes through innovative continuous glucose monitoring (CGM) products. Headquartered in San Diego, California, Dexcom has emerged as a leader of diabetes care technology. By listening to the needs of patients, caregivers, and clinicians, Dexcom simplifies and improves diabetes management around the world.

DexCom, Inc.

Steven R. Pacelli

Executive Vice President, Strategy and Corporate Development

(858) 200-0200

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Diabetes Health Medical Devices

MEDIA:

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Primerica Board Members Cynthia N. Day and Beatriz “Bea” Perez Recognized for Board Leadership Excellence

Primerica Board Members Cynthia N. Day and Beatriz “Bea” Perez Recognized for Board Leadership Excellence

DULUTH, Ga.–(BUSINESS WIRE)–
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families throughout North America, is proud to announce that two members of its Board of Directors have been recognized for excellence in Board leadership.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005105/en/

Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)

Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)

Cynthia N. Day, President and CEO of Citizens Trust Bank, has received the Lettie Pate Whitehead Evans Award for an outstanding female board member from OnBoard, a leading authority on women in the boardroom and executive suites of Georgia public companies. The award is presented annually to a female board member who has served as an outstanding role model for advancing OnBoard’s mission of increasing the number of women in executive leadership and on corporate boards.

Beatriz “Bea” Perez, Senior Vice President and Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer for The Coca-Cola Company, was recently named to Latino Leaders Magazine’s 2020 list of Latinos on Boards. Latino Leaders Magazine strives to advance the Latino Community by promoting the stories of success and leadership, bringing leaders together through its magazine, gatherings, and social media platforms, as well as inspiring them to connect work together for a better future.

Glenn Williams, Primerica Chief Executive Officer, said, “We are fortunate to have both Cynthia and Bea serve on our Board of Directors. Their leadership helps ensure that diversity, unity, and equality for all people are more than just words at Primerica. We congratulate them for receiving these honors, and we are proud of their commitment to creating opportunities for the diverse families that we serve.”

Ms. Day was elected to Primerica’s Board in January 2014 and Ms. Perez was elected to Primerica’s Board in May 2014.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in the United States and Canada. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5 million lives and had approximately 2.5 million client investment accounts at December 31, 2019. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in North America in 2019. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI.”

Primerica, Inc.

Media:

Keith Hancock

866-694-0420

[email protected]

Investors:

Nicole Russell

866-694-0420

Email: [email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Beatriz “Bea” Perez, Senior Vice President and Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer for The Coca-Cola Company (Photo: Business Wire)
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Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)

Reprise Emerges from Stealth; Announces Demo Creation Platform and $3.2 Million in Seed Funding

No-code Platform Allows Sales and Marketing Teams to Build Demos Using Any Existing Web Application

BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Reprise, the demo creation platform company, today emerged from stealth and announced its $3.2 million seed round, co-led by Glasswing Ventures and Accomplice Ventures. The company unveiled its category creator Reprise Demo Creation Platform, enabling sales and marketing teams to capture, edit, and deploy software product demos based on their existing production application. Funding, which was secured in May 2020, has allowed Reprise to deepen the technology of the platform and secure early customer traction.

Enterprise sales and marketing teams struggle to create a demo version of their software which they can show to prospects. Revenue teams want “product-led growth” but do not have a suitable product.

Reprise’s platform enables business users on revenue teams to capture, edit, and deploy an application that feels identical to their production environment. Revenue teams can then use this for sales calls, or for creating a self-service demo on their website.

“Building and maintaining a demo environment was a massive engineering cost at multiple previous companies for our founding team. We knew this was a problem worth solving for any B2B software company,” said Bryan Stevenson, Co-Founder and CEO of Reprise.

“We are excited to be a foundational investor in Reprise and to work with Sam Clemens, Bryan Stevenson, Joe Caprio and Evan Powell, a team of repeat entrepreneurs who have extensive experience in building enterprise software startups in the sales and marketing space,” said Rudina Seseri, Founder and Managing Partner, Glasswing Ventures.

“We back founders. We backed this team at InsightSquared to do revenue analytics, and we’re excited to back them again to do a revenue product platform,” said Jeff Fagnan, Founding Partner at Accomplice.

The Reprise Demo Creation Platform is available immediately and more information can be found at www.getreprise.com.

About Reprise


Reprise
is the Demo Creation Platform Company that enables software companies’ revenue teams to bring their product to life with customized demos, website based product tours, and emailable product experiences. Founded in 2020, Reprise is a private company headquartered in Boston, MA.

About Glasswing Ventures

Glasswing Ventures is an early-stage venture capital firm dedicated to investing in the next generation of AI and frontier technology startups that enable the rise of the intelligent enterprise. For more information about the firm please visit: www.glasswing.vc

About Accomplice

Accomplice is a seed-led venture capital firm that embraces risk, and is the most determined, patient capital partner for entrepreneurs building things that matter. We have been part of the origin story of AngelList, Carbon Black, DraftKings, Integral Ad Science, Hopper, PillPack, Plastiq, Recorded Future, Veracode, and Zoopla. Accomplice has pioneered a community approach through platforms like Spearhead, BOSS, Rev, and TUGG. Based in Boston and San Francisco.

Media Contact Info:
Evan Powell
[email protected]
+1 (215) 801-1637

REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2020

REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2020

All economic indicators have substantially improved:

  • Consolidated turnover of €908.3 million (+4.9%)
  • EBITDA of €141.1 million (+3.6%)
  • EBIT of €114.4 million (+5.3%)
  • Pre-tax profit of €113.8 million (+5.6%)
  • Positive Net Financial Position of €135.6 million.

TURIN, Italy–(BUSINESS WIRE)–
Today, the Board of Directors of Reply [MTA, STAR: REY] approved the results as at 30 September 2020.

The Group’s consolidated turnover in the first nine months of the year reached €908.3 million, an increase of 4.9% compared to €866.2 million recorded on 30 September 2019.

All indicators are positive for the period. Consolidated EBITDA was €141.1 million, an increase of 3.6% compared to the €136.2 million recorded in September 2019.

EBIT, from January to September, was €114.4 million, which is an increase of 5.3% compared to €108.6 million at September 2019.

Pre-tax profit, from January to September 2020, was €113.8 million (+5.6% compared to €107.7 million in 2019).

For the third quarter of the year, the Group’s performance is equally positive, with consolidated turnover for the period of €293.1 million, an increase of 0.2% compared to 2019.

EBITDA, from July to September 2020, was equal to €50.9 million, with an EBIT of €40.2 million and pre-tax profit of €38.6 million.

As at 30 September 2020, the Group’s net financial position was positive at €135.6 million. The net financial position as at 30 June 2020 was positive for €122.6 million.

“Despite the difficulties related with the effects of the various lockdowns, Reply was able to achieve positive results in the first nine months of 2020, both in terms of turnover and margins; the third quarter was also characterised by an upward trend”, said Reply Chairman Mario Rizzante after the Board of Directors meeting.

“This has allowed us to continue on our development path, both by expanding Reply’s offering in North America and in Europe, and by investing in new skills, especially in areas such as the cloud, artificial intelligence applications, connected vehicles and solutions that support digitisation and automation of main business processes”, continued Mario Rizzante.

The manager responsible for preparing the company’s financial reports, Dr Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company’s records, ledgers and accounting entries.

Reply

Reply [MTA, STAR: REY, ISIN: IT0005282865] specialises in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly specialised companies supporting key European industrial groups operating in the telecom and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of big data, cloud computing, digital media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services. www.reply.com

This press release is a translation, the Italian version will prevail.

Media Contacts

Reply

Fabio Zappelli

[email protected]

Tel. +390117711594

Investor Relation Contacts

Reply

Riccardo Lodigiani

[email protected]

Tel. +390117711594

Michael Lueckenkoetter

[email protected]

Tel. +49524150091017

KEYWORDS: Germany Europe United Kingdom Italy

INDUSTRY KEYWORDS: Software Social Media Internet Consulting Data Management Communications Professional Services Technology

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