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.
Alation | September 27, 2022
Avaap, an industry-focused technology and management consulting firm, today announced its entering into a strategic partnership with Alation, the leader in enterprise data intelligence solutions. The partnership will address the needs of chief data officers and stakeholders at any level that use data to drive business decisions.
The addition of Alation to Avaap’s strong list of data and analytics partners, including Alteryx, Cloudera, MuleSoft, Snowflake, Tableau, and others, will provide customers with the best data governance and data cataloging capabilities to improve the experience for data users and deliver a scalable, integrated solution to support customers on their data governance journeys.
The Avaap-Alation partnership will catalyze next-generation data fabric and data mesh solutions for state and local governments, public and private sector healthcare organizations, as well as education institutions, nonprofits, and transportation agencies. The benefit is a modern data stack that provides a seamless data analytics solution, regardless of the platform, enabling a data-informed decision-making approach.
“The ability to generate data-driven insights from the volumes and variety of data within an organization is a key imperative in both the public and private sector, Our partnership with Alation will bring our customers new and innovative solutions to build their data culture through better data governance, data cataloging, and cloud transformation. We are excited to leverage the partnership to help organizations do more with their data.”
-Nehul Vyas, vice president, Data & Analytics, Avaap.
Added Scott Woestman, Alation vice president, Public Sector, We are excited to partner with Avaap and leverage their data and analytic experience to help our joint customers develop and integrate the best capabilities into their data and analytics portfolios. Through our connected ecosystem of technology partners, Alation and Avaap will help customers dramatically improve the effectiveness of data initiatives and maximize their analytic investments.
Avaap is an industry-focused management and technology consulting firm specializing in Workday, Tableau, and other applications. We offer full life cycle consulting services from strategy and system selection through post-production support and ongoing adoption, including data and analytics and change management services. Government organizations, health systems, higher education institutions, and other organizations have partnered with Avaap for successful transformation.
AICIL | July 18, 2022
Agriculture Insurance Company of India Limited (AICIL), a nationalised insurance company under the Ministry of Finance, Government of India, has signed a three-year agreement with Wingsure, an insurtech company that leverages artificial intelligence and deep technology to protect farmers worldwide.
As part of the agreement, Wingsure will use its advanced technology capabilities to significantly strengthen the accessibility of insurance products and services to farmers in India; curate and promote AICIL's comprehensive portfolio of agriculture insurance products and enable its channels, including groups and partner brokers, to distribute on its mobile app.
Agriculture and the allied sectors are the largest sources of livelihood in India, with most rural households dependent primarily on agriculture and 86% percent of holdings being small and marginal. However, farmers are vulnerable to the impact of climate change and other livelihood risks and have sub-optimal access to risk awareness programs and modern resources. Launched to support economic empowerment with transparency and promote sustainability through modern agricultural practices, Wingsure's application leverages advanced computer vision, augmented reality, and voice capabilities to provide intelligence and facilitate the underwriting and insurance claims processes for small holder farmers. The partnership will have access to more than 40 million farmers in India and focus on transforming how farmers mitigate and adapt to climate change and other livelihood related risks.
"We firmly believe that technology implementation is key to providing insurance and thereby protecting the underserved. Through our association, we will utilise the Wingsure technology platform to support our vision of how farmers can leverage insurance to mitigate risk."
-Malay Poddar, Chairman and Managing Director, AICIL
Avi Basu, Founder, and CEO of Wingsure, said, Wingsure's deep-tech platform revolutionizes how small holder farmers leverage insurance and financial products to protect their livelihood. It is designed to provide optimal access to risk awareness programs, climate smart practices & other modern resources as well as government backed schemes. The application uses AI and machine learning (ML) to rapidly process insurance underwriting and claims. We are excited to partner with AICIL in their vision to use technology for strengthening farmers' resilience in India.
About Agriculture Insurance Company of India Limited-
AICIL, controlled by the Government of India, has been implementing the crop insurance schemes of the Government of India since 2003-04. Currently, AICIL is implementing, inter alia, Pradhan Mantri Fasal Bima Yojana (PMFBY), Bangla Shasya Bima Scheme (BSBS), and Restructured Weather-based Crop Insurance Scheme (RWBCIS) and many of it proprietary agriculture insurance products.
Wingsure leverages artificial intelligence and deep technology to protect farmers worldwide. The company operates in developing nations, as well as advanced countries, focusing on growers who are locked out of traditional financial services. Wingsure is dedicated to providing farmers with competitive levels of technology and security to maintain the dignity and sustainability of individuals worldwide.