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Realbricks Launch: Open For A New Era Of Real Estate Investing

Benzinga

By Realbricks In the evolving landscape of fractional real estate investing, Realbricks has emerged as a game-changer, providing an accessible and user-friendly platform for investors. After rigorous efforts and obtaining necessary regulatory approvals, Realbricks is now live and ready to revolutionize the way people invest in real estate. This milestone marks Realbricks as the first fractional real estate investing platform to offer a secondary market where users can buy and sell shares freely. Simplifying Real Estate: The Realbricks Marketplace The Realbricks marketplace is designed to simplify real estate investing, making it accessible to both seasoned investors and newcomers. It offers a seamless and intuitive experience, ensuring that users can navigate the platform with ease. Understanding the Primary and Secondary MarketPrimary Market for Initial Offerings: The primary market is where initial property offerings are showcased at $10 per share, with a minimum investment of $100. This market allows investors to buy shares in newly listed properties directly from Realbricks. The primary market serves as the first step for properties entering the Realbricks ecosystem. How the Primary Market Works: Listing Properties: Realbricks lists new properties on the primary market, providing detailed information for each property. Purchasing Shares: Investors can purchase shares in these properties for $10 each, with a minimum investment of $100, allowing them to gain exposure to real estate with a low initial investment. Funding Completion: Once a property is fully funded through the primary market, it becomes eligible to move to the secondary market. Secondary Market: Realbricks is the first fractional real estate investing platform to feature a secondary market, enabling users to buy and sell shares at their convenience. This innovation adds a new dimension to fractional real estate investing, offering flexibility similar to an open stock trading system. How the Secondary Market Works: Transition to Secondary Market: After a property is fully funded on the primary market, it moves to the secondary market for peer-to-peer trading after 30 days. Trading: Investors can trade shares, setting their own prices. Prices are determined by supply and demand. Flexibility: The secondary market allows investors to adjust their portfolios easily without long-term commitments. The Realbricks Mobile App: Investing on the Go Recognizing the need for convenience in today’s fast-paced world, Realbricks has developed a mobile app that brings the full functionality of its platform to users’ fingertips. Available for both iPhone and Android users, the app ensures that investors can manage their portfolios anytime, anywhere. App Features: User-Friendly Interface: Designed for ease of use, the app allows users to navigate effortlessly, whether they are exploring new properties or managing their existing investments. Automated Notifications: Users receive automated notifications for important events such as dividend payouts, new investment opportunities, and market updates, ensuring they stay informed. Secure Transactions: The app integrates with Plaid, a leading financial technology provider, to ensure secure connections to users' bank accounts for seamless deposits and withdrawals. Easy Buy/Sell Flow: The app offers a simple and intuitive process for buying and selling shares, making transactions quick and hassle-free. Downloading the Mobile App: For iOS Users: The Realbricks app can be downloaded from the App Store. For Android Users: The app is available on the Google Play Store. Conclusion By leveraging cutting-edge technology and tackling rigorous regulatory approvals, Realbricks offers a platform that is not only accessible, flexible, and user-friendly but also lowers the barrier to real estate investment and enables easy entry and exit for investors. Realbricks is committed to transforming the real estate investment landscape, making it easier for everyone to participate in and benefit from the market. Prospective investors are encouraged to explore the Realbricks Marketplace today and download the app from the App Store or Google Play Store to start investing in real estate with confidence. Image sourced from Shutterstock Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 02, 2024 08:30 AM Eastern Daylight Time

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Communication Services Select Sector SPDR Fund (XLC) Adapts to the Evolving Digital Economy

Select Sector SPDR

In a world increasingly driven by digital communication and information delivery, the Communication Services Select Sector SPDR Fund ( XLC ) is maintaining its focus on the communication services sector. This Exchange-Traded Fund (ETF) is tailored for those interested in engaging with the digital economy, providing exposure to companies leading in telecommunications, media, and entertainment within the S&P 500 index. Portfolio Highlights XLC's portfolio, with an expense ratio of 0.09%* showcases a diversified selection of companies that are central to the current digital transformation. Key holdings** include: Meta Platforms (Facebook): 22.53% Alphabet (Google) Class A: 12.62% Alphabet (Google) Class C: 10.57% AT&T: 4.78% Comcast: 4.61% These entities, along with others such as Verizon (4.58%), Electronic Arts (4.52%), Netflix (4.44%), T-Mobile US Inc. (4.41%), and Walt Disney (4.38%), represent a cross-section of the sector. The mix of technology firms, telecommunication leaders, and media companies offers a reflection of the communication services sector's landscape. Observing the Digital Shift The strength of the digital economy is underscored by the robust use of digital services across various aspects of business and personal life. Trends such as high volume internet traffic, the popularity of streaming services, advancements in mobile technology, and the introduction of new communication products illustrate the sector's dynamic nature. In response to these trends, the Communication Services Select Sector SPDR Fund (XLC) focuses on aligning its portfolio with the evolving demands and opportunities within the digital and communication services domain. It aims to provide a means for investors to engage with this sector with components of the S&P 500 Index. As the digital economy continues to evolve, XLC is positioned to observe and adjust to the evolution of the digital world, bolstering its commitment and emphasis on staying relevant within the fast-paced landscape of communication services. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 6/30/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007623 EXP 9/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

July 02, 2024 05:00 AM Eastern Daylight Time

Construction Begins on Comcast’s High-Speed Internet Expansion on Key Peninsula

Comcast Pacific Northwest

In partnership with Pierce County, Comcast has started construction in the public rights of way to expand the availability of high-speed Internet services on the Key Peninsula. Comcast is now constructing the infrastructure to make its fast and reliable fiber-rich Xfinity network available to hundreds of Key Peninsula homes and businesses, including its full suite of services, like multi-gig broadband speeds for residential customers and up to 100 Gbps for business customers. Some Key Peninsula homes and businesses will start receiving access to Comcast service as early as later this year. With construction expected to continue until 2025, Comcast is committed to ensuring that all of the more than 500 homes and businesses will have the foundational next-generation network in place to introduce new multi-gigabit Internet options. Comcast has created an online resource for local residents seeking information about the network construction in their neighborhood, including answers to frequently asked questions and product and service details, at: https://washington.comcast.com/network-expansion/. Residents can expect to see construction on the Key Peninsula going north to south between 144th St NW to Hall Rd NW, and west to east from 188th Ave NW to Wright Bliss Rd NW. Crews will be working Monday-Thursday from 6:30 a.m.-4:30 p.m. Signs will be posted indicating work areas. Temporary road closures or detours may be required, and parking may be restricted in construction zones. Access to properties will be maintained as much as possible during construction. Residents will be notified by the construction contractor, Cannon Companies, at least 10 days in advance of any temporary restrictions or road closures. A partnership between Comcast and Pierce County, this project is part of the effort to facilitate the expansion of broadband infrastructure to underserved areas of Pierce County. The approximately $5 million high-speed Internet expansion project is being funded as a public-private partnership between Comcast and Pierce County, with the County contributing $3.75 million of federal funding allocated through the American Rescue Plan Act of 2021 (ARPA). “Broadband Internet has become one of the essential infrastructures our communities rely upon. We’re proud to support the expansion of broadband to more Pierce County residents for their business, education, and entertainment needs,” said Jen Tetatzin, director of Pierce County Planning and Public Works. “Access to technology is a powerful driver of economic growth and innovation, and we look forward to connecting more Key Peninsula residents to all the opportunities broadband offers. We are expanding our network over 25 miles to connect homes and businesses to reliable and fast broadband service,” said Roy Novosel, vice president of engineering, Comcast Washington. For more information about Pierce County’s broadband expansion initiative please visit www.PierceCountyWa.gov/BoostingBroadband. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Jack Follman jack_follman@comcast.com Company Website https://washington.comcast.com/

July 01, 2024 01:14 PM Pacific Daylight Time

Hot Tech for a Hot Summer of Fun:

YourUpdateTV

Summer is here and many are looking for innovative ways to enhance their lifestyles, whether it’s optimizing finances, mastering the art of grilling, or upgrading their homes with the latest technology. Tech and lifestyle expert, Stephanie Humphrey, did a satellite media tour to share some hot tech ideas for a hot summer of fun. A video accompanying this announcement is available at: https://youtu.be/TAPtzm_lIcQ Smart Financial Tools for Kids Starting Summer Jobs Many kids are starting summer jobs and it’s important to provide them with age-appropriate financial tools to help them learn how to responsibly manage their money. Chase's High School and College Checking accounts are great for this–these accounts provide helpful tools to manage their finances more independently, and all through the Chase Mobile® app. With features like Zelle® for sending money, tracking what they’ve spent, and help with budgeting, kids won’t need to download multiple apps, making it easier for both them and their parents. It's all about empowering them to gain financial independence in a digital-first world. For more information, visit chase.com/studentbanking Smart Home Cleaning with Roborock Qrevo Pro One of the must-have gadgets for your smart home this summer is the Roborock Robot Cleaning Vacuum Qrevo Pro. With its FlexiArm Design Edge Mopping System it ensures thorough cleaning even in hard-to-reach areas and along edges. The Qrevo Pro offers an effective full-suite self-maintenance with hot water mop washing and intelligent dirt detection for automatic re-wash and re-mop. The Qrevo Pro carries advanced robotic cleaning technology, making it more accessible to customers. It’s available at Target, Amazon & Roborock's official website. Revolutionizing Summer Grilling with Weber’s Searwood Pellet Grill Summer and grilling go hand in hand, and the latest from Weber is truly exciting. This is the Searwood, Weber’s next-generation pellet grill. It's designed to give people more confidence and control when they grill, so you can make delicious meals any time of day. Whether you enjoy the authentic smoky flavor of low and slow BBQ or the searing heat for a perfect steak, this grill can do it all and be ready to cook in less than 15 minutes. The brain of the grill - the Rapid React PID works so that the grill self-adjusts as you cook. Plus, with the Weber Connect app, you can monitor and control the grill remotely, making it perfect for gatherings where you want to spend time with your guests and not be tied to the grill. ecoATM: Recycle and Earn Cash Your Pre-owned Smartphones Did you know there is $43 billion worth of unused tech sitting in our homes across the US? That is where ecoATM comes in. ecoATM helps people properly recycle their unused smartphones for cash on the spot—you can get up to $270 for an iPhone 13 Pro and great trade-in deals for other devices from Samsung, Google and more. Since 2009, ecoATM has collected over 45 million devices – giving a second life to more than 20 million pounds of e-waste, preventing it from ending up in landfills. They have over 6,000 kiosks in national retailers such as Walmart and Kroger. In less than 10 minutes, you can recycle and earn cash on your used device. Go to ecoATM.com to find a kiosk near you and get an estimate for your device. For more tech tips, you can follow Stephanie on social media at @TechLifeSteph. About Stephanie Humphrey Technology and Lifestyle Expert Stephanie Humphrey is a former engineer who merges her passion for lifestyle media with in-depth tech expertise to show everyday people how empowering, enriching and fun technology can be. Stephanie is currently a technology contributor for ABC News where she works as part of the nationally-syndicated Strahan Sara & Keke team. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:35 PM Eastern Daylight Time

Video

U.S. Chamber of Commerce Unveils Expanded Small Business Awards Program

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/TdgmziOXvl8 In a moment of persistent inflation and market uncertainty, small businesses are vital growth drivers—yet few are recognized for their contributions to our economy in a meaningful way. To elevate the nation’s most innovative and resilient small businesses, the U.S. Chamber of Commerce is recognizing businesses who are driving innovation, growth, and ingenuity in their communities. Small businesses are invited to apply for the CO—100, an exclusive list of the 100 best small and mid-sized businesses in America who have impressive growth strategies, innovative products and services, and an unwavering dedication to serving local communities. As entrepreneurs navigate the current economic landscape, programs like the CO—100 provide essential recognition and resources to help them thrive. The CO—100 is an awards program run by the U.S. Chamber of Commerce that recognizes and celebrates America’s Top Small Businesses. This exclusive list honors businesses that excel and stand out in 10 categories: Growth Accelerators, Community Champions, Micro-Business Leaders, Champions of Adaptability, Customer Champions, Global Stars, Digital Innovators, Enduring Businesses, The Disruptors, and Culture Champions. On June 25th, a media tour was conducted with Jeanette Mulvey, Vice President and Editor-in-Chief of CO— by the U.S. Chamber of Commerce. Topics that were discussed by Jeanette Mulvey, Vice President and Editor-in-Chief of CO— by the U.S. Chamber of Commerce included: · CO—100: This awards program and the U.S. Chamber’s support for small businesses as key growth drivers in America. · Innovation, Growth & Impact: Qualities that make for a successful small business—and how to highlight these traits on the CO—100 application and get noticed by an esteemed panel of judges. · Recognition, Exposure & Opportunity: The benefits of applying to be recognized on the CO—100 list and opportunities available to the honorees. For more information, visit CO100.COM Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:18 PM Eastern Daylight Time

Video

Snapchat Releases New Teen Safety Measures

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/7Hv0EHNRJ_g The digital world can be a challenge to navigate, and helping keep teens safe online is not just a priority—it’s a necessity. Snapchat is working to make its app even safer—now expanding a range of features to help keep Snapchat a place where people can be comfortable expressing themselves with the friends they know in real life. These extra protections for young people are more than a tech upgrade—they’re part of Snapchat’s ongoing commitment to building tools to help users connect with friends in a safe, secure way. Rachel Hochhauser, Snap’s Head of Safety Operations Outreach, conducted a nationwide media tour on June 25th to discuss these new features. Topics and features she discussed included: · Expanded In-app Warnings Teens will now see a warning message if they receive a chat from someone who’s been blocked or reported by others or is from a region where the teen’s network isn't typically located – signs that the person may be a stranger. · Simplified Location-Sharing Expansion of reminders to make sure Snapchatters are always up to date on which friends they’re sharing their location with on the Snap Map. · Enhanced Friending Protections These protections prevent certain suspicious friend requests from getting to teens in the first place, further reducing teens’ ability to connect with people they may not know in real life. · Blocking Improvements Improvements aim to prevent bullying and repeated harassment by limiting outreach from any new accounts created by someone who’s been blocked. For more information, visit https://parents.snapchat.com/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:02 PM Eastern Daylight Time

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WagerWire Launches Buying and Selling of Fantasy Entries in App

WagerWire

WagerWire, a sports gaming marketplace technology company serving sportsbooks and fantasy operators, today announced that buying and selling is now live in their app, available in the iOS and Google Play stores. This marks the first time that fantasy players can legally buy and sell daily fantasy Pick’em entries with the tap of a button. WagerWire users are now able to buy and sell RealTime Fantasy Sports entries on the app, with more fantasy operators to be added for trading soon. WagerWire announced their integration with RealTime Fantasy in January 2024, allowing users to sell their Pick’em lineups while in progress, including during the actual game, directly on the RTFS platform. During the NFL playoffs, the marketplace saw 12% of all DFS Pick’em lineups sell on the secondary market. “This is a paradigm shifting moment for fantasy,” said WagerWire Co-Founder and CEO Zach Doctor. “This launch represents a way to bring more ownership and control over their entries. For the first time, there is a way to cash in on your lineups even if they go on to lose - by selling it to a friend or on the open market. The excitement is palpable.” The newly launched fantasy marketplace is the latest addition to the growing technology portfolio of WagerWire’s parent company Wire Industries, Inc. Their app already hosts an array of marketplace tools for both sports betting and fantasy including stat tracking, account syncing, bet value graph builders and calculator, and social features that allow users to follow how their friends, influencers, or sharps are playing. “I’ve been playing fantasy for years, but being able to sell my DFS lineups is game-changing," said Braiden Payne, RealTime Fantasy Sports veteran user. "I’m also loving being able to buy and sell in-game and see the progress of my picks with live price suggestions. The RT marketplace in the WagerWire app takes an already great and easy-to-use experience to the next level.” WagerWire was recently shortlisted for two awards at SBC North America – Rising Star of the Year and Affiliate of the Year, in addition to EGR's Rising Star of the Year and Hashtag Sport’s Best X Presence award. WagerWire burst onto the scene in 2021 with the announcement of a high-profile seed round led by Miami Marlins co-owner Roger Ehrenberg, Eberg Capital and NBA All-Star Richard Jefferson. They are a licensed affiliate and media partner to top US sportsbooks including BetMGM, BetRivers, Caesars, FanDuel, Hard Rock Bet, SuperBook and more. WagerWire content has been viewed over 250M times in the past year and has been featured in the New York Post, USA Today, Bleacher Report, ESPN, Bloomberg and CNBC, among others. WagerWire empowers fantasy players and bettors to take control of their action and treat their fantasy lineups, contest entries, and sports bets as assets that can be bought and sold at any time. WagerWire’s proprietary GLI-33 certified marketplace technology can be directly embedded into sportsbook apps, and also powers the WagerWire app that serves as an aggregated marketplace of bets across partner sportsbooks. The WagerWire Media Network that generates engaging daily sports and betting content “By Fans, For Fans.” You can download WagerWire in the Apple App Store and Google Play, and find them @WagerWire on Twitter and LinkedIn, or @WagerWireLive on TikTok and Instagram. WagerWire is dedicated to providing users with a responsible gaming environment. If you think you or someone you know may have a gambling problem, resources are available. Call 1-800-GAMBLER. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://www.wagerwire.com/

July 01, 2024 10:01 AM Eastern Daylight Time

Stack Identity Announces Expansion of Its Identity-First Platform to Address Non-Human Identity Governance

Stack Identity

Stack Identity, a leader in identity security, announces a significant expansion of its platform to include non-human identities. This enhancement addresses the growing needs of modern enterprises in managing and securing digital identities, thereby bolstering identity security posture, threat detection, and compliance. "Bad actors are relentlessly targeting your identities, authentication processes, and IAM systems. Our platform correlates attacker enumerations and actions across IDP, cloud, SaaS, and databases to expose suspicious and malicious behavior, tackling the root causes of these exposures," said Venkat Raghavan, founder and CEO of Stack Identity. "The rise of the AI era has led to unprecedented data sharing through service principals, tokens, secrets and API keys creating significant challenges in governing non-human identities. The Stack Identity platform excels in seamlessly integrating human and non-human identities, recognizing that behind every non-human identity is a human who bears ultimate responsibility and accountability," said Al Ghous, CISO and Advisor. Key Features and Benefits Comprehensive Identity Governance: Stack Identity's platform offers the industry's first converged solution for identity security governance, integrating governance controls, workflows, access reviews, and certifications. This comprehensive approach reduces identity and entitlement sprawl, strengthens overall identity posture, and minimizes identity-related threats. Enhanced Functionality: Continuous Access Reviews and Certifications: Includes reviews for identity posture, IDP access, cloud, and SaaS admin access. Governance Controls: Introduces new controls to manage privileged accounts, reducing the risk of unauthorized access. Threat Detection and Access Graph: Features improved tools for monitoring SaaS entitlements, detecting identity threats, and visualizing access patterns. Dynamic Credential Management: Replaces static secrets with dynamic credentials to enhance security and reduce exposure risk. Lateral Movement Prevention: Implements controls to prevent unauthorized lateral movement within networks. Just-in-Time Access Controls: Converts static secrets and rarely used access to dynamic RBAC for improved security. Specialized Campaigns: Supports critical access scenarios like GitHub collaborator access, PCI DSS 4.0 compliance, and third-party data sharing. "With the surge in unprecedented data sharing, enterprises now face the challenge of managing massive entitlement sprawl as SaaS applications and customer data proliferate. Effective lifecycle management for non-human identities across cloud accounts has become essential. It’s impressive to see that Stack Identity’s platform now enables consistent management of both human and non-human identities," said Steve De Jong, Distinguished Engineer at Vercara. Company Growth and Deployment Success Remarkable Customer Growth: Stack Identity has achieved a 500% increase in its customer base, reflecting strong market demand for its solutions. Wide Deployment: The platform is now deployed across major enterprises in sectors including financial services, FinTech, cloud technology, and insurance technology. About Stack Identity Stack Identity is a pioneer in identity governance, offering innovative solutions to secure and manage digital identities across cloud and on-premises environments. The company's Identity-First Governance platform helps organizations reduce risk, ensure compliance, and strengthen their security posture. Contact Details Stack Identity Twinkle Khanna +1 832-878-6915 twinkle.khanna@stackidentity.com Company Website https://stackidentity.com/

July 01, 2024 10:00 AM Eastern Daylight Time

Novidea Acquires Automated Document Generation Leader Docomotion

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, today announced the strategic acquisition of Docomotion, an automated document generation technology provider. The acquisition of Docomotion is the latest in a series of strategic moves by Novidea in its journey to become an insurtech industry leader. The transaction is set to close within the week. The acquisition will accelerate product innovation and create unparalleled value to customers, adding new capabilities to Novidea’s award-winning insurance management platform, including automated forms processing, design, management, and e-signatures. Docomotion’s customers will benefit from a broader product suite, increased focus on product development, enhanced customer experience, and global access to professional expertise. “Docomotion is a leading innovator in automated document management, an essential technology for document-heavy industries. Its unique, cloud-based document generation technology presents major technological synergies between our two companies,” said Roi Agababa, CEO of Novidea. “We are proud to welcome Docomotion’s talented team to the Novidea family and look forward to working together, leading successful digital transformation initiatives for our customers.” Digital transformation remains a significant challenge in the insurance space. Novidea’s platform enables customers to improve operational efficiencies, increase business resilience, stay competitive, and provide a better customer experience. Docomotion’s automated document management solution removes the administrative and manual burden of processing complex forms and documents. “Novidea has experienced unprecedented growth over the last few years, driven by the global trend to modernize customer experience in insurance. We share a similar vision for the evolution of the document generation industry,” said Oren Leshem, CEO and Founder of Docomotion. “By combining our powers, Docomotion and Novidea can further expand our capabilities and drive even greater value for our customers. Docomotion will continue to serve all its customers in the various verticals. Customers will benefit from access to broader resources and availability of assets as we join forces with Novidea.” Novidea was represented by Yael Shimon-Many, partner at Pearl Cohen law firm. Docomotion was represented by Oded Levy, partner at Arnon, Tadmor- Levy. The terms of the deal were not disclosed. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. For more information, please go to: www.novidea.com About Docomotion Docomotion is an advanced document generation application on Salesforce, offering intuitive and easy-to-use tools for designing and generating complex documents tailored to meet the needs of businesses operating in a document-intensive environment. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

July 01, 2024 09:15 AM Eastern Daylight Time

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