GOVERNMENT BUSINESS,GOVERNMENT INSURANCE
Voxtur | July 06, 2022
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that, further to the news release issued on June 9, 2022, it has completed the arm's length acquisition of Municipal Tax Equity Consultants Inc. ("MTEC") and its associated entity, MTAG Paralegal Professional Corp., acquired MTE Paralegal Professional Corporation ("MTEP", and together with MTEC, “MTE”) (collectively, the "Acquisition").
MTE provides technology-enabled solutions to help municipal governments maximize property tax revenue, mitigate future liabilities, manage operations from emerging opportunities, and develop property tax policy frameworks.
"As a fully integrated real estate technology company, we are setting new standards built on innovation and execution, This acquisition expands Voxtur's reach as a reliable source of targeted data and industry expertise to benefit municipalities."
-CEO Jim Albertelli, Voxture.
The purchase price for the acquisition of MTEP is $900,000 payable in cash and the aggregate purchase price for the acquisition of MTEC by Voxtur is $3,500,000, subject to customary adjustments, (the “MTEC Purchase Price”), paid in a combination of cash, totaling $2,200,000, and common shares of the Company (“Common Shares”), with $800,000 of the MTEC Purchase Price satisfied by the issuance of 808,080 Common Shares at closing, priced at $0.99 per Common Share, and $500,000 of the MTEC Purchase Price satisfied by the issuance of up to 505,050 Common Shares subject to an escrow hold period of 18 months priced at $0.99 per share. The number of escrowed shares to be issued following the escrow hold period are subject to a downward adjustment. In addition, $500,000 of the cash portion of the MTEC Purchase Price will be subject to an escrow hold period of 18 months.
In addition to the benefits the Company will see as a result of the Acquisition, the property tax sector has embraced Voxtur's flagship sketch technology, known as Apex. The proprietary imagery and web-based GIS applications unify property-related data and enable desktop review of properties. The software, data analytics, and visual intelligence are focused on real property and primarily serve the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private. Counties across North America see the benefits from this technology resulting in efficiencies impacting productivity and accuracy.
Voxtur is a transformational real estate technology Company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Esri | September 20, 2022
Esri, the global leader in GIS and location intelligence, has partnered with agencies in the federal government and the state of California to build comprehensive and interactive climate data portals and targeted applications to better respond to climate hazards and conservation opportunities.
Agencies have used GIS technology for decades to record and track authoritative data on a range of topics that can provide critical insights into complex challenges such as climate change.
“Responding to climate change effectively requires a whole of government approach, By harnessing the vast data resources of federal agencies, we’re providing local communities with the information they need to make impactful, equitable decisions that will improve the lives of their citizens.”
-David J Hayes, special assistant to the President for climate policy at the White House.
This past week, Esri partnered with the Biden-Harris Administration, Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA), and the Department of the Interior (DOI), to jointly launch the Climate Mapping for Resilience and Adaptation (CMRA) portal. This new website helps organizations plan and implement climate resiliency actions by using a new screening tool that assesses the vulnerability of counties, census tracts and tribal lands. The location-based tool can be used to evaluate projects based on exposure to climate-related hazards now and in the future and can strengthen proposals for federal funding.
In July, Esri partnered with NOAA and the Biden Administration through the interagency National Integrated Heat Health Information System (NIHHIS) to launch Heat.gov. Heat.gov offers maps, data and guidance that inform operational decisions by communities on a daily basis related to heat health and its impacts. Communities can also use current and forecasted data to plan equitable mitigation measures in anticipation of future heat events, such as where to plant more trees to improve shade in urban areas. The site seamlessly integrates heat information from across federal agencies, including heat forecasts from National Oceanic and Atmospheric Administration’s (NOAA) National Weather Service, the new national Climate and Health Outlook developed by the Department of Health and Human Services, the CDC’s Heat and Health Tracker, as well as heat planning and preparedness guides.
In April of 2022, Esri partnered with the California Natural Resources Agency to build CA Nature in support of Governor Newsom’s vision to conserve 30 percent of the state’s land and coastal water by 2030 to fight species loss and ecosystem destruction. CA Nature provides publicly available interactive mapping and visualization tools to identify conservation opportunities and track progress against the 30x30 goal. Powered by Esri’s ArcGIS, CA Nature explains the 30x30 mission, visualizes biodiversity throughout the state, and catalogs protected lands.
“Together, these efforts reflect the will and desire of governments at all levels to use maps and data to empower communities to effectively meet our most pressing climate challenges, We are encouraged that governments are embracing the power of maps and GIS to better understand climate impacts and how to plan and build for a more resilient and sustainable future.”
-Jack Dangermond president Esri.
Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.
Quick Heal Technologies Ltd | August 16, 2022
Quick Heal Technologies, a leader in the cybersecurity space, has collaborated with RevBits to address the advanced protection need for an on-premise infrastructure of government organisations. The partnership will help Quick Heal enhance its Seqrite product portfolio while enabling RevBits to expand its market presence in India. The association also aims to help government organizations that prefer to run their critical systems on-premise rather than in the cloud, thereby ensuring that they operate safely and seamlessly without the fear of cyberattacks.
"We are delighted to partner with a leading cybersecurity solution provider like RevBits, well-known for its unique three-phase detection method that can protect businesses even from the most sophisticated attacks. It also complements our existing suite of Seqrite security solutions and will help us further strengthen our Seqrite product portfolio to offer the best cybersecurity solutions to our customers. At Quick Heal, we strive to innovate ourselves in sync with the ever-evolving threat landscape and devise solutions that exactly fit this purpose. We will continue collaborating with more such players to augment our products and services, cementing a leadership presence in the market today, tomorrow and beyond."
-Dr. Sanjay Katkar, Joint MD & CTO, Quick Heal Technologies Ltd.
David Schiffer, CEO, RevBits, said, We are extremely proud to be selected by a company with the size and reputation of Quick Heal. They are the leading EPS provider in India with 80% of the market share, and their solutions are available in more than 40 countries through international offices and thousands of channel partners. The combination of RevBits technology and the reputation and market coverage of Quick Heal Technologies will definitely prove to be a winning combination. Conservative projections point to additional revenue for RevBits of over $10 million ARR over the next three years, with large upside potential.
Established in 2018, RevBits is a comprehensive cybersecurity company dedicated to providing customers with superior protection and service. RevBits delivers protection against the most sophisticated cyber threats companies face by offering multiple advanced security capabilities that can be administered through a unified security platform. RevBits is headquartered in Mineola, NY, with offices in Princeton, NJ, Boston, MA, London (England), and Antwerp (Belgium).
About Quick Heal Technologies Ltd:
Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is a leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, government establishments and corporate houses. Over a span of 26 years, the company's R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning-enabled solutions stops threats, attacks and malicious traffic before it strikes. This considerably reduces the system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine, and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd.