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.
About Voxtur-
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.
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GOVERNMENT INSURANCE
Unison | July 25, 2022
Unison, the leading provider of acquisition management software and insight to government agencies, program offices, and contractors, announces that the Federal Deposit Insurance Corporation (FDIC) has completed modernization of their FAMS (FDIC Acquisition Management System) with the successful roll-out of Unison's PRISM SaaS solution.
Through this implementation, FDIC has fully replaced four different legacy systems that were only loosely joined together, and measurably improved their Compliance, Audit, and Reporting postures with a net gain in functionality and operational efficiency. FDIC's FAMS initiative to replace their current Appian based system was one of the top agency performance goals for the year.
"By leveraging PRISM's Accelerator and Analytics functionality, FDIC is now able to streamline their early Acquisition planning processes as well as take advantage of PRISM's robust analytics to enhance their reporting and dashboarding, Through this initiative, FDIC has been able to seamlessly harmonize many acquisition-related functions in a single solution benefitting a broad spectrum of their users and business processes."
-Greg Young, General Manager PRISM.
FDIC selected PRISM SaaS including secure infrastructure and a Web Services-based integration layer which works with FDIC's existing enterprise systems to realize greater value across their applications ecosystems. This has allowed the agency to side-step its technical debt and maintenance burdens for an Acquisition system. PRISM is the only proven, widely used, and built for federal FedRAMP Moderate compliant Acquisitions solution. FDIC acquisition professionals are using the Unison PRISM solution to efficiently and effectively manage the complete federal acquisition lifecycle, in a compliant way, from planning through closeout.
About Unison-
Unison's secure cloud and on-premise Lifecycle Acquisition Management software, Marketplace, and information products support more than 200,000 users in leading prime contractors, all cabinet-level agencies, and major DoD programs. All software development and support are provided within the USA.
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EMERGING TECHNOLOGY
QUANTEXA | August 26, 2022
Quantexa, a global leader in helping organizations unify, contextualize, and act on their data for trusted decisions, announced that it has been chosen by the Crown Commercial Service (CCS) to be a supplier for its Big Data and Analytics procurement framework.
The framework will allow government departments and local authorities to choose from a range of best-in-class specialist suppliers to help unlock the value of data and improve public sector services. The framework will cover up to £2bn of potential spending over a four-year period, from 2022 to 2026.
Quantexa will respond to tenders for commercial off-the-shelf (COTS) software specifically for big data and analytics capabilities. The company’s technology will help government services use data from their legacy systems and create a better understanding and single view of citizens, businesses, or organizations across a broad range of use cases including citizen insight, counter fraud, data intelligence and data management.
“We’re proud to be selected by the CCS as a potential vendor for this framework. The National Data Strategy highlighted how essential it is for the government to automate the interrogation of their data more effectively to improve public services, Quantexa’s Contextual Decision Intelligence (CDI) Platform has already been selected by the Cabinet Office to detect fraud in the COVID-19 loan schemes and assist in the fight against financial crime. We look forward to the opportunity to deliver best-in-class entity resolution, graph analytics, scoring and alerting frameworks to other departments and across the public sector to help them use their data at scale to unify their data, manage risk, ensure compliance, and identify opportunities for efficiency.”
-Vishal Marria, CEO at Quantexa.
ABOUT QUANTEXA:
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Contextual Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney.
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