BUSINESS STRATEGY

Constant Contact Closes Acquisition of Vision6

Constant Contact | April 08, 2022

Small business CRM
Constant Contact, a digital marketing platform used by millions of small businesses, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Siris Capital Group, LLC (together with its affiliates, "Siris"), announced today that it has completed its acquisition of Vision6. 

"We are pleased to welcome Vision6 to the Constant Contact team, and I look forward to working together to deliver for small businesses, government agencies and nonprofits in Australia. Vision6's products, people and culture are closely aligned with our own. We are eager to partner with them as colleagues, and I am certain their market knowledge, passion and energy will be instrumental to our global growth and investment plans."

Frank Vella, CEO, Constant Contact

"This deal enhances Vision6's ability to support the evolving needs of our customers as a trusted Australian SMS and email marketing software," said Mathew Myers, co-founder and CEO, Vision6. "We are excited to join the Constant Contact team - they clearly share our passion for innovation and, together, we see an opportunity to accelerate our growth."

Constant Contact is committed to preserving the data sovereignty Vision6 upholds in Australia. This acquisition will provide Constant Contact the opportunity to expose its portfolio of email marketing, small business CRM, analytics and ecommerce integrations to the Australian marketplace through Vision6.

About Constant Contact
Constant Contact delivers for small businesses and nonprofits with powerful tools that simplify and amplify digital marketing. Whether it's driving sales, growing a customer base or engaging an audience, we deliver the performance and guidance to build strong connections and generate powerful results. 

About Vision6
As Australia's most reliable email and SMS marketing software, Vision6 is passionate about helping marketers and agency professionals to get more customers and grow their business. Since 2001, Vision6 is relied upon by thousands of businesses for its industry-leading marketing solution, real person local support, data sovereignty and security. 

About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are industrials, technology, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 

About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris' development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris' Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments.

Spotlight

The analysis is based on a statistically relevant sampling of data from Experian’s consumer and business credit database from December. The sample was based on a select business population where ethnic background was identifiable. Average scores are an average of the sample and are not representative of national averages of the consumer or small business. Ethnic background was obtained from Ethnic Technologies, a provider of multicultural marketing data, ethnic identification software and ethnic data appending services.


Other News
TECHNOLOGY

OneDirectory Enters SMB Market With New Pricing Offer for Small Businesses

OneDirectory | June 29, 2022

OneDirectory, a leading software-as-a-service provider of modern employee directory software, announced the launch of its new employee directory pricing offer for small businesses. Since 2010, OneDirectory has helped over 500 businesses implement employee directory solutions to better connect their people and offices.Traditionally, OneDirectory has served larger businesses but with recent shifts to remote and hybrid work, even the smallest of businesses are needing a tool to bring their employees together. "Over the past year we've had an increase in smaller businesses reaching out and trialing our product,These are businesses with 100 employees or less that have wanted our product but our pricing plans have remained a roadblock." -Lawrence Cawood, CEO at OneDirectory To solve this OneDirectory created a new pricing plan to help smaller businesses gain the benefits of an enterprise employee directory solution. The new small business plan is $79 per month for businesses up to 100 employees, which is a saving of 68% on the previous lowest plan. OneDirectory's other pricing plans range from $249 to $2,000+ per month. "When tackling the SMB market many software providers reduce features and options for their smaller customers, So we've decided not to remove any product features from our new plan for small businesses." -Greg Bennett, Head of Marketing at OneDirectory When it comes to employee directories many small businesses have the same requirements as larger businesses, so OneDirectory made sure that their small business plan included all the following features: employee profiles, people search, office directory, skills directory, and org chart. We're excited to bring our software to smaller businesses and see the impact it will have on employee collaboration and engagement, says Cawood. Businesses of all sizes are struggling to connect their employees, especially as hybrid and remote work is becoming the norm. At OneDirectory, we remain focused on solving this problem with our modern employee directory platform. OneDirectory has six pricing plans tailored for different-sized businesses. The new plans are currently in effect as of 20th June 2022. The new pricing plans can be found here: https://www.onedirectory.com/pricing. About OneDirectory OneDirectory is a leading software-as-a-service provider of modern employee directory software that helps companies improve the efficiency of their digital workplaces. 500+ organizations rely on OneDirectory's employee directory platform to better connect their employees and offices.

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FINANCE

Abrigo Collaborates with Validis to Speed Up Small Business Lending Process

Abrigo | May 21, 2022

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, announced an alliance with Validis, a secure data ingestion platform that pulls clients' financial information in real-time, standardized for easy consumption. This partnership will allow financial institutions to extract general ledger data quickly and efficiently. With Validis, banks and credit unions can go from application to spreading financials to deciding on loans without leaving Abrigo's Sageworks loan origination system. Pulling and uploading financial data severely slows down the small business lending process and can be frustrating for both the lender and the borrower. The newly available integration of Validis' data extraction software solution eliminates the need for repetitive data entry and manual collection of documents by allowing banks and credit unions to create financial statements automatically from up-to-date general ledger data. The Validis integration complements Sageworks' unique Electronic Tax Return Reader to streamline digital processes for even more applicants. This will speed up the lending operation, so borrowers get answers faster, and institutions can assess and book more loans in the same amount of time. Validis enables borrowers to share their entire financial data history directly from their accounting package in a standardized format, improving insight for financial institutions. Key features include the ability to digitally receive financials in real-time, easily spread customer financial data, and quickly decide if a borrower is creditworthy. "The Validis integration with Abrigo will further enhance a streamlined platform and provide clients with a powerful alternative to manual data collection, said Abrigo President Jay Blandford. This partnership fits well into our vision to make big things happen and better serve financial institutions. "We're really pleased to announce our new partnership with Abrigo and integration with their leading Sageworks software, We have a common goal of helping to digitize and streamline the lending process for many U.S. financial institutions. Access to financial data is traditionally a manual and time-consuming process – using Validis will not only help enhance the decisioning process for financial institutions, but it will also equip them with new insights to help manage risk and monitor portfolio performance." -Paul Thomas, CEO at Validis. About Abrigo Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo. About Validis Validis manages the acquisition and curation of data through a single platform, driving value, business insight, and operational efficiency for some of the world's biggest brands across accounting and financial services. Validis is an intelligent API that accesses and standardizes financial information, powered within an easy-to-use interface. Visit www.validis.com

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FINANCE

Caary Capital Partners With Ceridian to Enhance Its Small Business Payments Offering

Caary Capital | August 04, 2022

Caary Capital announced a joint effort with Ceridian, a global leader in human capital management (HCM) technology, to extend its value to Ceridian’s Powerpay customers.Powerpay, a cloud-based payroll and HR solution, is designed to meet the needs of Canada’s small business segment. Together with Caary Capital’s credit and spend management platform, the two companies will better meet the needs of Canadian small and medium-sized businesses by offering enhanced services. “Ceridian is a global software leader and champion for Canadian businesses, Shared values are an integral component of any partnership, and we are pleased to join forces with Ceridian to continue to offer solutions for the small business community, a long-underserved segment.” -John MacKinlay, CEO of Caary Capital. According to recent research from Caary Capital, the Canadian Lenders Association and Xero, Canadian small and medium-sized enterprises struggle with access to corporate credit and financial products and services, often having to rely on a personal guarantee or a personal credit card. This is compounded by the administrative aspects of payroll that take small business owners’ focus away from business growth. “At Ceridian, we’re driven to extend our Makes Work Life Better™ brand promise to our customers and their employees. Today’s announcement marks the start of a meaningful collaboration with Caary Capital and will deliver benefits for small and medium-sized business in Canada,” -Ettan Romm, Director of Product Management at Ceridian. By delivering corporate credit without the usual required personal guarantees and credit checks, Caary Capital is enabling greater access to financial services. Caary Capital looks at a business’ cash flow and assets to assess risk and make corporate credit an option for small and medium-sized businesses. The fintech platform provides no-fee credit cards, 1.5 per cent cash back on all spend and administrator-managed virtual cards to streamline employee and supplier expenses. The new partnership with Ceridian will provide access to Caary Capital’s product and services to Ceridian’s Powerpay customers, giving easier access to joint products, discounts for customers and continued collaboration. For more information visit caary.com or ceridian.ca. About Caary Capital Ltd. Caary is a fintech platform for small and medium-sized enterprises (SMEs) led by the Caary Business Mastercard®. With Caary, SMEs can better control their spending and automate expense management. The Caary platform comes with 1.5% cash back on all spend, no fees, no foreign exchange fees and self-directed employee and supplier cards. 98% of Canadian businesses are SMEs. Accessible credit cards, capital and fintech products are the tools to help them compete, grow and thrive. Visit caary.com for more information.

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MARKETING AND NETWORKING

Emerald Holding, Inc. to Participate in the Sidoti Summer Small Cap Virtual Conference

Emerald Holding, Inc | June 14, 2022

Emerald Holding, Inc. (NYSE: EEX) (“Emerald” or the “Company”), announced that David Doft, Chief Financial Officer, is scheduled to participate in the Sidoti Summer Small Cap Virtual Conference. The Company will hold one-on-one investor meetings on Thursday, June 16, 2022, with a company presentation at 9:15 a.m. Eastern Time. Interested investors and other parties can access a live webcast of the presentation by visiting the Investors section of Emerald’s website at https://investor.emeraldx.com. An online replay will be available on the same website following the presentation. Management will also be available for one-on-one meetings with investors. About Emerald Emerald is a leader in building dynamic, market-driven business-to-business platforms that integrate live events with a broad array of industry insights, digital tools, and data-focused solutions to create uniquely rich experiences. As true partners, we at Emerald strive to build our customers’ businesses by creating opportunities that inspire, amaze, and deliver breakthrough results. With over 140 events each year, our teams are creators and connectors who are thoroughly immersed in the industries we serve and committed to supporting the communities in which we operate. For more information, please visit http://www.emeraldx.com.

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Spotlight

The analysis is based on a statistically relevant sampling of data from Experian’s consumer and business credit database from December. The sample was based on a select business population where ethnic background was identifiable. Average scores are an average of the sample and are not representative of national averages of the consumer or small business. Ethnic background was obtained from Ethnic Technologies, a provider of multicultural marketing data, ethnic identification software and ethnic data appending services.

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